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Italy Gas Markets, 2013

Published By :

GlobalData

Published Date : Jun 2013

Category :

Oil and Gas

No. of Pages : 122 Pages


Italy Gas Markets, 2013

Summary

This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Italy. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the natural gas assets (gas fields, pipelines, LNG terminals and underground gas storage facilities) in Italy. The report compares the investment environment in Italy with other countries in the region. The profiles of the major companies operating in the natural gas sector in Italy together with the latest news and deals are also included in the report.

Scope

  • Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 2000-2020.
  • Historical and forecast data and information for all the major gas fields, (Liquified Natural Gas) LNG Terminals, pipelines and underground gas storage facilities in Italy for the period 2005-2017.
  • Operator and equity details for major natural gas assets in Italy.
  • Key information relating to market regulations, key energy assets and the key companies operating in the Italy’s energy industry.
  • Information on the top companies in the Italy including business description, strategic analysis, and financial information.
  • Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
  • Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.

Reasons to buy

  • Gain a strong understanding of the country’s energy market. 
  • Facilitate market analysis and forecasting of future industry trends.
  • Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data. 
  • Assess your competitor’s major natural gas assets and their performance.
  • Analyze the latest news and financial deals in the gas sector of each country.
  • Develop strategies based on the latest operational, financial, and regulatory events. 
  • Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
  • Identify and analyze the strengths and weaknesses of the leading companies in the country.
Table of Contents

1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 7
1.2 List of Figures 9

2 Italy Energy Sector 10
2.1 Italy Energy Sector, Market Overview 10
2.2 Italy Energy Sector, Natural Gas 10
2.2.1 Italy Natural Gas, Overview 10
2.2.2 Italy Natural Gas, Supply and Demand Balance 11
2.2.3 Italy Natural Gas, Regulatory Structure 16
2.2.4 Italy Natural Gas, Infrastructure 16

3 Italy Gas Upstream Investment Environment Benchmarking 17
3.1 Introduction 17
3.2 The Overall Ranking 17
3.3 Upstream Fiscal Attractiveness 17
3.3.1 Maximum Government Take Index 19
3.3.2 Fiscal Flexibility 19
3.3.3 Maximum State Participation 19
3.4 Gas Sector Performance 19
3.4.1 Exploration Activity 21
3.4.2 Gas Production 22
3.4.3 Gas Reserves 22
3.4.4 Gas Consumption 22
3.5 Economic Performance 23
3.5.1 GDP Growth Index 24
3.5.2 FDI Confidence Index 24
3.5.3 Balance of Trade Index 25
3.6 Socio-Political Performance 25

4 Italy Exploration and Production Sector 27
4.1 Italy Exploration and Production Sector, Country Snapshot 27
4.1.1 Italy Exploration and Production Sector, Key Data 27
4.1.2 Italy Exploration and Production Sector, Natural Gas Assets Map 27
4.1.3 Italy Exploration and Production Sector, Marketed Natural Gas Production by Type 28
4.1.4 Italy Exploration and Production Sector, Marketed Natural Gas Production by Assets 29
4.1.5 Italy Exploration and Production Sector, Market Share based on Marketed Natural Gas Production 32
4.2 Italy Exploration and Production Sector, Production Forecast 34
4.2.1 Italy Exploration and Production Sector, Marketed Natural Gas Production Forecast 34
4.3 Italy Exploration and Production Sector, Natural Gas Asset Details 37
4.3.1 Italy Exploration and Production Sector, Active Natural Gas Asset Details 37
4.3.2 Italy Exploration and Production Sector, Planned Natural Gas Asset Details 40
4.4 Italy Exploration and Production Sector, Major Natural Gas Discoveries 41
4.4.1 Italy Exploration and Production Sector, Natural Gas Discoveries by Year 41
4.4.2 Italy Exploration and Production Sector, Natural Gas Discovery Details 42
4.5 Italy Exploration and Production Sector, Recent Discoveries 42
4.5.1 Sep 07, 2012: Orca Exploration Encounters Gas Shows At La Tosca-1 Exploration Well In Italy 42
4.6 Italy Exploration and Production Sector, Drilling and Production Updates 43
4.6.1 May 29, 2013: BRS Resources Provides Update On Gradizza-1 Exploration Well In La Prospera Permit, Italy 43
4.6.2 May 16, 2013: Sound Oil Delivers First Gas From Rapagnano Gas Field In Italy 43
4.6.3 May 09, 2013: Po Valley Energy Commits To Drill Gradizza-1 Exploration Well In La Prospera License, Italy 43
4.6.4 May 07, 2013: Sound Oil Provides Update On Nervesa Appraisal Well In Italy 44
4.6.5 Jan 08, 2013: Sound Oil Announces Successful Full Production Test Of Sabbie Reservoir At Rapagnano Field In Italy 44

5 Italy FPSO Industry 45
5.1 Italy FPSO Industry, FPSO Capacity Details by Vessel 45
5.2 Italy FPSO Industry, FPSO Vessel Specifications 45

6 Italy Pipeline Sector 46
6.1 Italy Pipeline Sector, Key Data 46
6.2 Italy Pipeline Sector, An Overview 46
6.3 Italy Pipeline Sector, Comparison of Natural Gas Pipeline Companies 46
6.4 Italy Pipeline Sector, Natural Gas Pipelines 48
6.4.1 Italy, Natural Gas Pipelines 48

7 Italy LNG Sector 51
7.1 Italy LNG  Sector, Key Data 51
7.2 Italy LNG Sector, Regasification 51
7.2.1 Italy LNG Sector, Regasification, Total Regasification Capacity 51
7.2.2 Italy LNG Sector, Regasification Capacity Market Share by Company 52
7.2.3 Italy LNG Sector, Regasification Capacity  by Terminal 53

8 Italy Underground Gas Storage Sector 54
8.1 Italy Underground Gas Storage Sector, Key Data 54
8.2 Italy Underground Gas Storage Sector, An Overview 54
8.3 Italy Underground Gas Storage Sector, Capacity Market Share by Company 54
8.4 Italy Underground Gas Storage Industry 55
8.4.1 Italy Underground Gas Storage Industry, Storage Capacity by Area 55
8.5 Italy Underground Gas Storage Sector, Storage Capacity 56
8.5.1 Italy Underground Gas Storage Sector, Storage Capacity of Active Terminals 56
8.5.2 Italy Underground Gas Storage Sector, Storage Capacity of Planned Terminals 57

9 Profile of Eni S.p.A. 58
9.1 Eni S.p.A, Key Information 58
9.2 Eni S.p.A., Company Overview 58
9.3 Eni S.p.A., Business Description 59
9.3.1 Business Overview 59
9.3.2 Engineering & Construction 61
9.3.3 Exploration & Production 61
9.3.4 Gas & Power 62
9.3.5 Other activities 63
9.3.6 Petrochemicals 64
9.3.7 Refining & Marketing 64
9.4 Eni S.p.A., SWOT Analysis 65
9.4.1 Overview 65
9.4.2 Eni S.p.A. Strengths 66
9.4.3 Eni S.p.A. Weaknesses 69
9.4.4 Eni S.p.A. Opportunities 70
9.4.5 Eni S.p.A. Threats 73

10 Profile of Royal Dutch Shell plc 76
10.1 Royal Dutch Shell plc, Key Information 76
10.2 Royal Dutch Shell plc, Company Overview 76
10.3 Royal Dutch Shell plc, Business Description 77
10.3.1 Business Overview 77
10.3.2 Corporate 78
10.3.3 Downstream 78
10.3.4 Upstream 80
10.4 Royal Dutch Shell plc, SWOT Analysis 81
10.4.1 Overview 81
10.4.2 Royal Dutch Shell plc Strengths 81
10.4.3 Royal Dutch Shell plc Weaknesses 83
10.4.4 Royal Dutch Shell plc Opportunities 83
10.4.5 Royal Dutch Shell plc Threats 85

11 Profile of Northern Petroleum Plc 86
11.1 Northern Petroleum Plc, Key Information 86
11.2 Northern Petroleum Plc, Company Overview 86
11.3 Northern Petroleum Plc, Business Description 86
11.3.1 Business Overview 86
11.4 Northern Petroleum Plc, SWOT Analysis 88
11.4.1 Overview 88
11.4.2 Northern Petroleum Plc Strengths 88
11.4.3 Northern Petroleum Plc Weaknesses 89
11.4.4 Northern Petroleum Plc Opportunities 90
11.4.5 Northern Petroleum Plc Threats 91

12 Financial Deals Landscape 93
12.1 Detailed Deal Summary 93
12.1.1 Acquisition 93
12.1.2 Debt Offerings 96
12.1.3 Partnerships 106
12.1.4 Asset Transactions 107

13 Recent Developments 111
13.1 License Rounds 111
13.1.1 Sep 07, 2012: Norway Receives Applications From 47 Companies For APA 2012 Norwegian Continental Shelf Bidding Round 111
13.2 Strategy and Business Expansion 112
13.2.1 Feb 24, 2013: Rosneft And Eni Sign Agreement To Develop Trading And Logistics Opportunities 112
13.2.2 Jan 21, 2013: Eni And Petrovietnam Sign MoU For Development Of Business Opportunities In Vietnam And Abroad 112
13.3 Other Significant Developments 112
13.3.1 May 17, 2013: Sound Oil Provides Italy\'s Nervasa Appraisal Well Update 112
13.3.2 Apr 22, 2013: Sound Oil Announces Successful Commissioning Inspection Of Rapagnano Gas Field In Italy 113
13.3.3 Apr 18, 2013: BRS Resources Provides Operations Update 113
13.3.4 Apr 10, 2013: Greek Parliament Ratifies IGA Between Greece, Italy And Albania On TAP 113
13.3.5 Apr 04, 2013: Petroceltic International Provides Italian Operations Update 114
13.3.6 Mar 28, 2013: Sound Oil Provides Nervesa Appraisal Well Update 115
13.3.7 Mar 26, 2013: Albanian Parliament Ratifies Intergovernmental Agreement On Trans Adriatic Pipeline: TAP 116
13.3.8 Mar 19, 2013: Northern Petroleum Provides Update On Cygnus Prospect Operations Offshore Italy 116
13.3.9 Mar 05, 2013: Sound Oil Announces Receipt Of Final Nervesa Drilling Permission 117
13.3.10 Feb 19, 2013: Sound Oil Provides Badile Prospect Update 118
13.3.11 Feb 13, 2013: Greece, Italy And Albania Sign Intergovernmental Agreement On TAP Pipeline 118

14 Appendix 120
14.1 Abbreviations 120
14.2 Methodology 120
14.2.1 Coverage 120
14.2.2 Secondary Research 121
14.2.3 Primary Research 121
14.3 Contact Us 121
14.4 Disclaimer 122

List of Table


Table 1: Italy, Historical and Forecast Production and Consumption of Natural Gas, bcf, 2000-2020 11
Table 2: Italy, Historical and Forecast Imports of Natural Gas, bcf, 2000-2020 13
Table 3: Italy, Historical Reserves of Natural Gas, tcf, 2000-2012 15
Table 4: Western Europe, Investment Benchmarking, Overall Country Rankings, May 2013 17
Table 5: Western Europe, Investment Benchmarking, Upstream Fiscal Attractiveness, May 2013 18
Table 6: Western Europe, Investment Benchmarking, Gas Sector Performance, May 2013 19
Table 7: Western Europe, Investment Benchmarking, Economic Performance, May 2013 23
Table 8: Western Europe, Country Standings, Economic Performance, by GDP Growth - FDI Confidence and Production Indices, May 2013 23
Table 9: Western Europe, Investment Benchmarking, Socio-Political Performance, May 2013 25
Table 10: Western Europe, Country Standings, Socio-Political Performance by Exploration Growth- FDI Confidence and Governance Indices, May 2013 26
Table 11: Italy, Key Statistics, 2013 27
Table 12: Italy, Marketed Natural Gas Production by Type (%), 2003-2012 28
Table 13: Italy, Marketed Natural Gas Production (mmcf), by Assets, 2003-2012 29
Table 14: Italy, Market Share (%) of Key Companies Based on Marketed Natural Gas Production, 2003- 2012 32
Table 15: Italy, Marketed Natural Gas Production (mmcf), Forecast by Assets, 2013-2017 34
Table 16: Italy, Active Gas Field Assets Details 37
Table 17: Italy, Planned Gas Field Assets Details 40
Table 18: Italy, Number of Gas Discoveries, 2007-2012 41
Table 19: Italy, Natural Gas Discovery Details, 2007-2012 42
Table 20: Italy FPSO Industry, FPSO Gas Production Capacities, May 2013 45
Table 21: Italy FPSO Industry, FPSO Vessel Specifications, May 2013 45
Table 22: Italy, Pipeline Key Statistics, May 2013 46
Table 23: Italy, Comparison of Natural Gas Pipeline Companies (km), May 2013 46
Table 24: Italy, Natural Gas Pipelines, May 2013 48
Table 25: Italy, Natural Gas Pipelines, May 2013 (Contd.1) 49
Table 26: Italy, Natural Gas Pipelines, May 2013 (Contd.2) 50
Table 27: Italy, LNG Key Statistics, May 2013 51
Table 28: Italy, Total Regasification Capacity (bcf), 2005-2017 51
Table 29: Italy, Regasification Capacity by Company (bcf), 2005- 2017 52
Table 30: Italy, Regasification Capacity by Terminal (bcf), 2005-2017 53
Table 31: Italy, Underground Gas Storage Sector, Key Statistics, May 2013 54
Table 32: Italy, Underground Gas Storage Sector, Storage Capacity by Company, May 2013 54
Table 33: Italy, Underground Working Gas Capacity by Area (mmcf), May 2013 56
Table 34: Italy, Active Underground Gas Storage Capacity (mmcf), May 2013 56
Table 35: Italy, Planned Underground Gas Storage Capacity (mmcf), May 2013 57
Table 36: Eni S.p.A., Key Facts 58
Table 37: Eni S.p.A., SWOT Analysis 66
Table 38:  Royal Dutch Shell plc, Key Facts 76
Table 39:  Royal Dutch Shell plc, SWOT Analysis 81
Table 40: Northern Petroleum Plc, Key Facts 86
Table 41: Northern Petroleum Plc, SWOT Analysis 88
Table 42: Eni Sells 11.69% Stake In Snam, Natural Gas Gasification, Transportation, Storage And Distribution Company, For US$1.9 Billion 93
Table 43: Electricite de France Finalises Acquisition Of 30.7% Interest In Edison 94
Table 44: Eni Plans To Sell Stake In Snam Rete Gas 95
Table 45: Eni Plans Private Placement Of Bonds For Up To US$3.9 Billion 96
Table 46: Enel Plans Public Offering Of Bonds For US$2.6 Billion 97
Table 47: Eni Receives Approval For Private Placement Of Bonds For $3.9 Billion 98
Table 48: Enel Completes Public Offering Of 4.875% Bonds Due 2018 For $3.3 Billion 99
Table 49: Enel Completes Public Offering Of Floating-Rate Bonds For $660 Million 100
Table 50: Eni Completes Private Placement Of 4.25% Bonds Due 2020 For $1.3 Billion 101
Table 51: Enel Completes Private Placement Of 4.625% Bonds Due 2015 For $1,734.4 Million 102
Table 52: Enel Completes Private Placement Of 5.75% Bonds Due 2018 For $1,387.5 Million 103
Table 53: Eni Completes Public Offering Of Bonds Due 2017 For $1,469.6 Million 104
Table 54: Eni Completes Public Offering Of Bonds Due 2017 For $287.24 Million 104
Table 55: Enel To Issue Bonds In A Private Placement For Up To $7 Billion 105
Table 56: Po Valley Energy Awarded Gas Exploration License By Italian Ministry of Economic Development 106
Table 57: Enel Plans To Acquire Minority Interest In Trans Adriatic Pipeline (TAP) Project In Italy 107
Table 58: Canadian Quantum Increases Stake In Turin Prospect In Southern Alberta 108
Table 59: Total Acquires Additional 25% Interest In Gorgoglione Concession 108
Table 60: Sound Oil To Acquire 75% Interest In Montemarciano Gas Permit In Italy 109
Table 61: Independent Resources To Farm-Out Ribolla Basin CBM And Shale Gas Plays 110

List of Chart


Figure 1: Italy, Primary Energy Consumption Split by Fuel Type (%), 2012 10
Figure 2: Italy, Historical and Forecast Production and Consumption of Natural Gas, bcf, 2000-2020 12
Figure 3: Italy, Historical and Forecast Imports of Natural Gas, bcf, 2000-2020 14
Figure 4: Italy, Historical Reserves of Natural Gas, tcf, 2000-2012 15
Figure 5: Western Europe, Country Standings, Upstream Fiscal Attractiveness, May 2013 18
Figure 6: Western Europe, Country Standings, Gas Sector Performance, by Reserves-Exploration & Production, May 2013 20
Figure 7: Western Europe, Country Standings, Gas Sector Performance by Production & Consumption, May 2013 21
Figure 8: Western Europe, Country Standings, Number of Exploration Blocks Awarded, 2008-2012 22
Figure 9: Western Europe, Country Standings, Economic Performance, by GDP Growth-FDI Confidence and Production Indices, May 2013 24
Figure 10: Western Europe, Country Standings, Socio-Political Performance, by Exploration Growth-FDI Confidence and Governance Indices, May 2013 26
Figure 11: Italy, Natural Gas Assets Map, May 2013 27
Figure 12: Italy, Marketed Natural Gas Production by Type (%), 2003-2012 28
Figure 13: Italy, Market Share (%) of Key Companies based on Marketed Natural Gas Production, 2012 33
Figure 14: Italy, Number of Natural Gas Discoveries by Year, 2007-2012 41
Figure 15: Italy, Comparison of Natural Gas Pipeline Companies (km), May 2013 47
Figure 16: Italy, Total Regasification Capacity (bcf), 2005-2017 51
Figure 17: Italy, Regasification Capacity by Company (bcf), 2005- 2017 52
Figure 18: Italy, Underground Gas Storage Market Share (%) by Company, May 2013 55
Figure 19: Italy, Underground Working Gas Capacity by Area (%), May 2013 55

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