The Italian Natural Gas Market: an Overview

Matteo VerdaIstituto per gli Studi di Politica Internazionale - Milano

May 12th, 2014

European gas markets

2013, in Billion cubic metres (39 MJ/cm). Source: Eurogas.

EU total: 462 Bcm

Italian gas markets

In Billion cubic metres (39 MJ/cm). Source: OECD and Ministero dello sviluppo economico.

Italian gas supply

In Billion cubic metres (39 MJ/cm). Source: Ministero dello sviluppo economico.

imports

production

Italian gas supply (2)

Source: Snam Rete Gas and Ministero dello sviluppo economico.

2012 2013

domestic production 8 8

Russia 23 30

Algeria 20 12

Norway and Netherlands 9 7

Libya 6 6

Cavarzere LNG 6 5

Panigaglia LNG 1 0

Livorno LNG 0 0

storage and others -1 1

gross consumption 73 68

Italian gas supply

In Billion cubic metres (39 MJ/cm). Source: Ministero dello sviluppo economico.

Italian gas supply

2012. In Billion cubic metres (39 MJ/cm). Source: Ministero dello sviluppo economico.

Infrastructures: max theoretical capacity

Mmc/d Bcm/y

domestic production 23 8

Russia 105 33

Algeria 101 31

Northern Europe 58 18

Libya 33 10

LNG 52 16

total 372 116

2013. GCV: 39 MJ/mc. Source: GIE and Ministero dello sviluppo economico.

Source: GIE.

Italian demand

Source: Snam Rete Gas and Ministero dello sviluppo economico.

winter

summer

2011 2012 2013 2013-2011

residential and commercial 33 33 33 0%

power generation 27 24 20 -25%

industrial 13 13 13 -3%

others 3 3 2 -17%

total 76 73 68 -10%

Final consumption

In Billion cubic metres (39 MJ/cm). Source: Snam Rete Gas.

Prices - residential

€/1.000 cm. First half 2013. Source: Eurostat, [nrg_pc_202].

price taxes

Prices - industrial

€/1.000 cm. First half 2013. Source: Eurostat, [nrg_pc_203].

price taxes

Matteo Verda, Istituto per gli Studi di Politica Internazionale (ISPI) – Milano

mail: matteo.verda@unipv.it

blog: www.sicurezzaenergetica.it

Twitter: @matteoverda

Linkedin: Linkedin/in/matteoverda

Thanks!