Italian energy company Eni has pledged to invest approximately £11 billion in the United Kingdom between 2026 and 2030, with around two-thirds of the planned spending earmarked for lower-carbon energy sectors. The investment commitment was confirmed during a meeting in London between UK Secretary of State for Energy Security and Net Zero Miatta Fahnbulleh and Eni Chief Executive Claudio Descalzi, where they discussed the company’s operations and investment plans across the UK’s energy value chain. Discussions focused on the energy transition, industrial competitiveness and energy security. Eni said the investment would support the UK’s decarbonisation ambitions, industrial development and efforts to strengthen domestic energy supplies. The company said the planned spending was expected to create skilled jobs, attract additional investment and strengthen the competitiveness of British industry, while generating economic benefits for communities in the regions where it operates. Fahnbulleh said the investment demonstrated confidence in Britain’s industrial future and would support employment, energy security and economic development. “This £11 billion investment is a vote of confidence in Britain’s industrial future – backing good, skilled jobs, strengthening our energy security and breathing new life into our industrial heartlands. From carbon capture in the North West to offshore wind in the North Sea, we want the communities that powered Britain for generations to be at the forefront of its energy future. That means supporting investment and backing British workers, businesses and communities,” she said. Descalzi said the UK remained a key market for Eni, with the company operating across several segments of the energy industry, including renewable energy, carbon capture and storage (CCS), fusion technology and oil and gas production. He said the company was expanding its industrial presence, particularly in lower-carbon sectors, citing the UK’s investment environment, technological capabilities and focus on innovation. Eni said its investments would cover several major projects, including carbon capture and storage developments, offshore wind and fusion energy initiatives, as well as upstream oil and gas operations. In the carbon capture and storage sector, Eni, through its subsidiary Eni CCUS Holding, is developing the Liverpool Bay CCS project, which forms the backbone of the HyNet industrial decarbonisation cluster in North West England and North Wales. The project is expected to support the development of a lower-carbon industrial cluster and contribute to the UK’s net-zero ambitions. Eni estimates that it will support more than 2,000 jobs during construction and approximately 300 permanent positions over its projected operational lifespan of more than 25 years. Eni CCUS Holding is also developing the Bacton CCS project, which is intended to support the decarbonisation of industrial sectors in South East England and provide carbon dioxide storage capacity for industries across North West Europe. In renewable energy, Eni operates through Plenitude, a company jointly controlled with Ares, and participates through Vårgrønn in offshore wind developments, including Dogger Bank, Greenvolt and Cenos. The company is also pursuing fusion energy through partnerships with the United Kingdom Atomic Energy Authority (UKAEA), aimed at accelerating the commercial development of fusion technology. These initiatives include the H3AT project and the RH3OVA joint venture. In the upstream sector, Eni said it continued to maintain a significant presence in the UK following the combination of Eni UK’s assets with Ithaca Energy in 2024. The company’s North Sea oil and gas production continues to contribute to Britain’s domestic energy supplies and wider energy security. Eni has operated in the United Kingdom since 1964.