Gas & Power

Eni operates in the supply, transport, distribution and sale of natural gas.
In 2009 Eni’s natural gas sales (103.72 bcm) were slightly down as a result of offsetting trends. On the negative side, volumes supplied to the Italian market were materially lower from a year ago against the backdrop of the economic downturn and stronger competitive pressures (down 12.83 bcm, or 24.3%). On the plus side, volumes gains were associated with the full contribution of the Distrigas acquisition (up 12.02 bcm for the full year) and organic growth achieved in a number of European markets.

Eni’s power generation sites are located in Ferrera Erbognone, Ravenna, Livorno, Taranto, Mantova, Brindisi and Ferrara. In 2009, power generation was 24.09 TWh, up 0.76 TWh or 3.3% from 2008, due mainly to higher production at the Ferrara plant (Eni’s interest 51%), in connection with the coming on line of two new 390 megawatt combined cycle units.

Electricity volumes sold were 33.96 TWh, increasing by 4.03 TWh, or 13.5%, from 2008.

Natural gas volumes transported on the Italian network were 76.90 bcm, down 10.2% from 2008.

In 2009, capital expenditures totalled €1,686 million and mainly related to:

• developing and upgrading Eni’s transport network in Italy (€1,479 million);
• developing and upgrading Eni’s storage capacity in Italy (€282 million);
• developing and upgrading Eni’s distribution network in Italy (€278 million);
• completion of construction of combined cycle power plants (€73 million), in particular at the Ferrara site;
• the upgrading plan of international pipelines (€32 million).