Eni sees gas as long-term energy solution

The Italian IOC sharpens focus on gas but sees ‘no one solution’ to the energy transition

“The world’s demand for oil is expected to decline in the future,” Guido Brusco, Eni’s chief operating officer for natural resources, told Petroleum Economist. But “80% of global energy demand is satisfied by fossil fuels and it is hard to think that in the next ten or 15 years that will drop to the low levels forecast by some agencies.” However, Brusco does expect the widespread replacement of other fossil fuels with gas, as it is the cleaner alternative. He stressed that gas has a lower carbon footprint, plus the flexibility to support baseload power generation, "as the world needs to manage the intermittency of renewables". The combination of gas-fired generation and carbon-capture techno