Eni confirms £11bn UK investment through 2030

Key highlights
  • Eni plans approximately £11 billion in gross UK investment over 2026–2030.
  • Around two-thirds of the investment is allocated to lower-carbon sectors.
  • Liverpool Bay CCS is expected to support more than 2,000 construction jobs and about 300 permanent positions.
  • Eni is developing the Bacton CCS project and participates in UK offshore wind and fusion initiatives.
Related projects For subscribers
Milestones, plant data, involved companies (owners, investors, licensors, contractors) and news — kept up to date.
Eni Liverpool Bay CCS CO2 Transport and Storage for HyNet · United Kingdom
Under Construction
2020-10
2023-10
2025-04
2025-04
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Operational / Completed · expected date for subscribers
Eni Bacton CCS CO2 Transport and Storage, Southern North Sea · United Kingdom
Announced / Concept
2022-09-21
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Operational / Completed · expected date for subscribers
Dogger Bank A 1.2 GW Offshore Wind Farm, North Sea, UK · United Kingdom
Commissioning & Start-up
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Investment plans

Eni confirmed approximately £11 billion in gross investment in the United Kingdom over 2026–2030 during a meeting between CEO Claudio Descalzi and Secretary of State for Energy Security and Net Zero Miatta Fahnbulleh. Around two-thirds of the investment is allocated to lower-carbon sectors.

Carbon capture and storage

Through Eni CCUS Holding, the company is developing the Liverpool Bay CCS project, which will form the backbone of the HyNet industrial decarbonisation cluster in North West England and North Wales. The project is estimated to support more than 2,000 jobs during construction and about 300 permanent positions over more than 25 years of operation.

Eni CCUS Holding is also developing the Bacton CCS project to support industrial decarbonisation in south-east England and provide CO₂ storage for industries across North West Europe.

Other UK activities

Through Plenitude and its participation in Vårgrønn, Eni is involved in the Dogger Bank, Greenvolt and Cenos offshore wind projects. It is also pursuing fusion energy initiatives with the UK Atomic Energy Authority, including the H3AT project and RH3OVA joint venture.

Eni retains a significant upstream presence following the combination of Eni UK assets with Ithaca Energy in 2024, producing oil and gas in the North Sea.

Source: Eni

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