Eni asset disposal – impact on Cyprus EEZ 

By Charles Ellinas

Eni, the Italian multinational energy company, published its ‘Capital Markets Update’ on 14th March focusing on ‘a distinctive strategy to address the challenges and opportunities of the energy transition’ while rationalizing and rebalancing its upstream activities to focus on assets that are core to its portfolio. The company aims to reduce Scope 1, 2 and 3 emissions by 35 per cent by 2030, 80 per cent by 2040 and achieve net-zero emissions by 2050. Scope 1 and 2 are emissions from the company’s operations...