Eni is active in the supply and sale of gas. The volumes of natural gas procured in 2015 increased.
Gas travels a long way before being pumped into the distribution centre to be used locally.
In 2016, Eni’s consolidated subsidiaries supplied 82.64 bcm of natural gas, down by 2.75 bcm or 3.2% from 2015. Gas volumes supplied outside Italy from consolidated subsidiaries (76.64bcm), imported in Italy or sold outside Italy, represented approximately 93% of total supplies, down by 2.02 bcm or 2.6% from 2015. This reflected lower volumes purchased in Libya (down by 2.38 bcm), in Russia (down by 2.34 bcm) and in the Netherlands (down by 2.13 bcm), partially offset by higher purchases in Algeria (up by 6.85 bcm). Supplies in Italy (6 bcm) decreased by 10.8% from 2015 due to the production shutdown in the Val d’Agri district during the period April-August 2016. In 2016, main gas volumes from equity production derived from:
Considering also direct sales of the Exploration & Production segment and LNG supplied from the Bonny liquefaction plant in Nigeria, supplied gas volumes from equity production were approximately 15.02 bcm representing 17% of total volumes available for sale.
In 2016, natural gas sales amounted to 88.93 bcm (including Eni’s own consumption, Eni’s share of sales made by equity-accounted entities and upstream sales in Europe and in theGulf of Mexico), down by 1.95 bcm or 2.1% from the previous year, on the back of increasing competitive pressure and slight demand recovery.
Sales in Italy (38.43 bcm) were barely unchanged from the full year 2015. Lower volumes sold, particularly in residential and wholesale segments were offset by higher spot volumes. Sales to importers in Italy decreased by 0.24 bcm or 5.2% from 2015, reflecting a lower availability of Libyan gas. Sales in the European markets amounted to 38.06 bcm, barely unchanged from the previous year. Direct sales of the Exploration & Production segment in the Northern Europe and the United States (2.62 bcm) decreased compared to the previous year (3.16 bcm in 2015) due to lower sales in the United Kingdom and in the United States, partially offset by higher sales marketed in Norway.
Sales in the Extra European markets were down by 0.94 bcm compared to the previous year, due to lower LNG volumes marketed in the Far East, due to the lack of contracts renewal.
In 2016, LNG sales (12.4 bcm) decreased from 2015 (down by 1.1 bcm), mainly due to lower volumes marketed in the Far East, lacking contracts renewal. In particular, LNG sales in the Gas & Power segment (8.1 bcm, included in worldwide gas sales) mainly concerned LNG from Qatar, Nigeria, Oman and Algeria and mainly marketed in Europe, the Far East, Kuwait and Egypt.
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