Eni operates in the supply and sale of natural gas.
In 2012, sales of natural gas were 95.32 bcm, down 1.44 bcm or 1.5% from 2011. Sales included Eni’s own consumption, Eni’s share of sales made by equity-accounted entities and Exploration & Production sales in Europe and in the Gulf of Mexico.
Eni’s power generation sites are located in Ferrera Erbognone, Ravenna, Livorno, Taranto, Mantova, Brindisi, Ferrara and Bolgiano. In 2012, power generation was 25.67 TWh, up 0.44 TWh, or 1.7% from 2011, mainly due to increased production at the Ferrara plant, partly offset by decreases at the Ferrera Erbognone and Ravenna plants.
In 2012 electricity sales (42.58 TWh) were directed to the free market (75%), the Italian power exchange (14%), industrial sites (8%) and others (3%). Electricity sales increased by 5.7% to due to growth in the client base thas a result of effective marketing policies, despite weak domestic demand.
In 2012, capital expenditure of €225 million, mainly related to upgrading and other initiatives to improve flexibility of the combined cycle power plants (€131 million) and gas marketing initiatives (€81 million).
In the Gas & Power Division, Eni intends to recover profitability leveraging on
In the 2013-2016 period Eni intends to preserve its market share in Italy and abroad taking account of the expected increase in supply and logistics costs implementing efficient marketing initiatives. Management intends to reach a greater integration of trading and commodity price risk management with the supply activities and the non-retail commercial sales of gas and LNG to fully centralize and optimize Eni’s commodity risk exposure in markets characterized by more and more evolved counterparties.
Last updated on 21/05/13