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HIGHLIGHTS

   Strategies

  • Strengthen leading market share in Europe leveraging on Distrigas acquisition
  • Preserve the leading position in the Italian gas market
  • Develop the LNG business, and
  • Improve flexibility and efficiency
Gas & Power

Gas & Power

Eni operates in the supply, transport, distribution and sale of natural gas.

In 2008 Worldwide natural gas sales: 104.23 bcm, up 5.3% from 2007 driven by higher international sales (up 19.9%) mainly reflecting the contribution of the Distrigas acquisition and the organic growth recorded in European markets. These positives were partially offset by a weaker performance on the Italian gas market (down 5.8%).

Eni expects to achieve gas sales of 124 bcm by 2012 at a 7% average growth rate of international sales leveraging on synergies of the Distrigas acquisition that will help drive sales growth and market share gains in Eni's target market in spite of an unfavourable outlook for European gas demand.

Eni's electricity generation sites are located in Ferrera Erbognone, Ravenna, Livorno, Taranto, Mantova, Brindisi and Ferrara. In 2008, electricity production sold was 23.33 TWh, down 2.16 TWh or 8.5% from 2007, due mainly to lower production at the Brindisi, Ravenna and Livorno plants, partly offset by increased production at the Ferrera Erbognone plant.

Electricity volumes sold were 29.93 TWh, decreasing by 3.26 TWh, down 9.8%, from 2007.

Natural gas volumes transported on the Italian network were 85.64 bcm, up  2.8% from 2007.

Capital expenditures

Capital expenditures in the Gas & Power segment totalled €1,794 million in 2008 and mainly related to:

  • developing and upgrading Eni's transport network in Italy (€1,130 million);
  • the upgrading plan of international pipelines (€233 million)
  • developing and upgrading Eni's natural gas distribution network in Italy (€233 million);
  • ongoing construction of combined cycle power plants (€107 million), in particular at the Ferrara site.

 

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Last updated on 11/02/10