Eni is tapping into UAE’s renewables: Italian energy giant Eni signed a MoU with UAE’s state oil giant Abu Dhabi National Oil Co (Adnoc) for cooperation on future energy transition projects including green hydrogen and carbon capture, according to a statement released on Saturday. The agreement comes as Italy tries to forge closer ties with energy-rich countries in the region as it tries to wean itself off Russian gas imports in the wake of Russian invasion of Ukraine.

The details: Eni and Adnoc will explore prospective cooperation in several renewable energy areas, including in blue and green hydrogen, carbon capture and storage (CCS) to slash greenhouse gas and methane emissions and others in a bid to “support global energy security and a sustainable energy transition.” Both energy players will also look into cooperation for sustainable development and sustainability promotion in the industry.

Eni is exploring regional ventures: The Italian firm and Algeria’s state-owned oil firm Sonatrach signed two agreements in January aimed to boost decarbonization and energy security. Under the agreements, Eni and Sonatrach will identify prospects for greenhouse gas and methane emissions reduction, as well as initiatives in fields spanning energy efficiency, renewable energy, green hydrogen, and carbon capture and storage.

And Italy is strengthening ties with the Emirates ahead of COP28: Italy and the UAE announced a declaration of intent meant to boost strategic cooperation between the two countries in Dubai-hosted COP 28 later this year during a meeting between UAE President Sheikh Mohammed bin Zayed Al Nahyan and Italian Prime Minister Giorgia Meloni, Wam reported on Saturday. The strategic partnership would allow both countries to “expand prospects of cooperation in … sustainability, food and water security, advanced technologies and industries, climate change, renewable energy and clean technologies.”

The news also got ink from Bloomberg and Reuters.

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