Highlights Sees gas making up about 85% of total production in 2050 Eni targets 80% cut in net GHG emissions by 2050 To convert all Italian refineries to biorefining sites by 2050 London — Italian energy group Eni expects its oil and gas production to “plateau” in just five years under a major shift to renewables energy and cleaner fuels which it hopes will slash its carbon emissions. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Under the plans, Eni said its upstream production growth will average 3.5%/year up to 2025, with subsequent “flexible decline” mainly for oil afterward. Gas production will make up about 60% of total production by 2030 and rise to 85% in 2050, Eni said. Oil and gas production will plateau at around 2.3 million b/d of oil equivalent in 2025, Eni said, up from around 1.9 million boe/d expected in […]