Eni stock: Company confirms GBP 11 billion UK investment plan

Eni confirmed on Wednesday, November 11, a GBP 11 billion gross investment programme in the United Kingdom for 2026 through 2030. The announcement followed a meeting between Chief Executive Claudio Descalzi and UK Secretary of State for Energy Security and Net Zero Miatta Fahnbulleh, according to chemXplore.

Lower-carbon projects lead programme

Eni said around two-thirds of the planned spending is allocated to lower-carbon sectors. The portfolio includes carbon capture and storage, offshore wind and fusion initiatives alongside North Sea oil and gas activities.

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

Multiple energy businesses remain in scope

The programme also covers the Bacton carbon capture project, offshore wind interests held through Plenitude and its participation in Vårgrønn, as well as fusion work with the UK Atomic Energy Authority. Eni retains upstream exposure in the North Sea following the combination of its UK assets with Ithaca Energy in 2024.

Eni stock traded at 26.04 euros on Lang & Schwarz at 11:39 CET on Saturday, November 14.

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