Overview

In detail:

  • performance data for 2018 in the Gas & Power sector
  • the 2018 Technical Investments Table in Gas & Power sector

Performance of the year

In 2018, the total recordable injury rate (TRIR) amounted to 0.56, increasing by 51.4% compared to 2017, as result of the higher number of accidents (+2 events) registered among the contractors, partly offset by the better performance in the employees. The greenhouse gas emissions (GHG) reported an improved performance, approximately 2%, due to lower power generation (down by 3.6% vs. 2017). GHG emissions/kWheq relating to electricity production slightly increased by 1.8% compared to the previous year due to the higher consumption of refinery gas in place of natural gas at the Ferrera Erbognone site. In 2018, the Gas & Power segment reported an adjusted operating profit of €543 million, more than doubled compared to 2017 following the restructuring of all business lines, in particular the growth in LNG sales, power optimizations and reduction of gas logistic costs, supported by a scenario which allowed to enhance the flexibility of the portfolio assets. Eni worldwide gas sales amounted to 76.71 bcm, down by 4.12 bcm or 5.1% compared to 2017. Eni’s sales in Italy (39.03 bcm) increased by 4% compared to 2017. Electricity sales recorded an increase of 5% (up by 1.74 TWh) compared to 2017, due to higher volumes sold to the Italian power exchange. Capital expenditure amounting to €215 million mainly related the gas marketing activities and the power business.

Capital expediture

Capital Expenditure
(€ million)201820172016Change % Ch.
Marketing 207 138 110 69 50.0
Marketing 161 102 69 59 57.8
Italy 93 63 32 30 47.6
Outside Italy 68 39 37 29 74.4
Power generation 46 36 41 10 27.8
International transport 8 4 10 4 100.0
Total of capital expenditure 215 142 120 73 51.4
of which:          
Italy 139 99 73 40 40.4
Outside Italy 76 43 47 33 76.7

In 2018, capital expenditure amounted to €215 million, mainly related to gas marketing initiatives (€161 million) and to the maintenance, flexibility and upgrading initiatives of combined cycle power plants (€46 million).

Back to top