Italy's Eni strengthens collaboration with Emirati companies

Eni has signed three agreements with Emirati companies for the development of data centres and the transmission of about 3 GW of green energy through a cross-border interconnection between Albania and Italy. 

The company signed Letters of Intent (LoI) with MGX (an investment fund focused on AI and Advanced Technology investment) and G42 (an AI-focused group) to develop state-of-the-art data centres in Italy with a capacity of up to 1 GW to be powered by Eni’s "blue power", i.e., gas-fired generated electricity whose CO₂ emissions are captured and stored. The first planned project is the Ferrera Erbognone, which will be developed in two phases of up to 500 MW of IT capacity, which will be supplied through a new dedicated gas-fired power plant, with CO₂ capture and storage at the Ravenna CCS hub.

The company also signed an agreement with Masdar and Taqa Transmission to secure the status of a preferred off-taker for renewable electricity generated in Albania (up to 3 GW) and transmitted to Italy through an up to 1 GW cross border subsea interconnection between Vlora (Albania) and Apulia (Italy). This agreement follows the Tripartite Strategic Partnership Framework signed in January 2025 between the governments of Italy, Albania and the UAE, on the joint development by Masdar and Albania's national power utility KESh to build 3 GW of renewables in Albania and to build an Albania-Italy power interconnection within three years.

Eni has been present in the UAE since 2018, actively participating in the exploration (70% stake on Blocks 2 and 3) and production sectors (shares on the Ghasha, Lower Zakum and Umm Shaif/Nasr offshore concessions), and owning a 20% of ADNOC Global Trading and ADNOC Refining.