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Italy Gas Markets, 2010

Published By :

GlobalData

Published Date : Apr 2010

Category :

Natural Gas

No. of Pages : 146 Pages


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 1996-2020.
  • 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 2000-2013.
  • 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 Italys 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 countrys 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 competitors 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 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 11
2.2.1 Italy Natural Gas, Overview 11
2.2.2 Italy Natural Gas, Supply and Demand Balance 11
2.2.3 Italy Natural Gas, Regulatory Structure 17
2.2.4 Italy Natural Gas, Infrastructure 18

3 Italy Gas Upstream Investment Environment Benchmarking 20
3.1 Introduction 20
3.2 The Overall Ranking 20
3.3 Upstream Fiscal Attractiveness 21
3.3.1 Maximum Government Take Index 22
3.3.2 Maximum State Participation 22
3.4 Gas Sector Performance 22
3.4.1 Exploration Activity 25
3.4.2 Gas Production 26
3.4.3 Gas Reserves 26
3.4.4 Consumption 26
3.5 Economic Performance 27
3.5.1 GDP Growth Index 28
3.5.2 FDI Confidence Index 28
3.5.3 Balance of Trade Index 29
3.6 Socio-Political Performance 29

4 Italy Exploration and Production Sector 32
4.1 Italy Exploration and Production Sector, Country Snapshot 32
4.1.1 Italy Exploration and Production Sector, Key Data 32
4.1.2 Italy Exploration and Production Sector, Natural Gas Assets Map 32
4.2 Italy Exploration and Production Sector, Marketed Natural Gas Production 33
4.2.1 Italy Exploration and Production Sector, Marketed Natural Gas-Historical Production 33
4.2.2 Italy Exploration and Production Sector, Marketed Natural Gas Production by Assets 34
4.2.3 Italy Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 36
4.2.4 Italy Exploration and Production Sector, Market Share based on Marketed Natural Gas Production 37
4.3 Italy Exploration and Production Sector, Marketed Natural Gas Forecasts 39
4.3.1 Italy Exploration and Production Sector, Marketed Natural Gas Production Forecast 39
4.3.2 Italy Exploration and Production Sector, Gross Revenue Forecast 40
4.3.3 Italy Exploration and Production Sector, Government Take Forecast 41
4.3.4 Italy Exploration and Production Sector, Contractor Take Forecast 43
4.4 Italy Exploration And Production Sector, Natural Gas Asset Details 45
4.4.1 Italy Exploration And Production Sector, Active Natural Gas Asset Details 45
4.4.2 Italy Exploration And Production Sector, Planned Natural Gas Asset Details 48
4.5 Italy Exploration And Production Sector, Major Natural Gas Discoveries 49
4.5.1 Italy Exploration And Production Sector, Natural Gas Discoveries by Year, 2004-2009 49
4.5.2 Italy Exploration And Production Sector, Natural Gas Discovery Details, 2004-2009 50
4.6 Italy Exploration and Production Sector, Recent Discoveries 50
4.6.1 Mar 31, 2009: Po Valley Energy Identifies Gas At Bezzecca #1 Well In Cascina San Pietro Permit, Italy 50
4.7 Italy Exploration and Production Sector, Drilling and Production Updates 51
4.7.1 Feb 09, 2010: Mediterranean Oil & Gas Doubles Its 2P Oil Reserves At Ombrina Mare Field In Italy 51
4.7.2 Feb 02, 2010: Ascent Resources Updates On Fontana-1 Well In Frosinone Permit, Italy 53
4.7.3 Dec 22, 2009: Ascent Resources Plans To Re-Drill Fontana-1 Well In Frosinone Permit, Italy 53
4.7.4 Dec 21, 2009: Po Valley Energy Commences Gas Production From Castello Gas Field In Italy 54
4.7.5 Nov 02, 2009: Ascent Resources Announces PEN-104AA Completion And Fontana-1 Update 54

5 Italy Pipeline Sector 55
5.1 Italy Pipeline Sector, Key Data 55
5.2 Italy Pipeline Sector, An Overview 55
5.3 Italy Pipeline Sector, Comparison of Key Natural Gas Pipeline Companies 55
5.4 Italy Pipeline Sector, Natural Gas Pipelines 57

6 Italy LNG Sector 59
6.1 Italy LNG Sector, Key Data 59
6.2 Italy LNG Sector, Regasification 59
6.2.1 Italy LNG Sector, Regasification, Total Regasification Capacity 59
6.2.2 Italy LNG Sector, Regasification Capacity by Company 60
6.2.3 Italy LNG Sector, Regasification Capacity by Terminal 61
6.2.4 Italy LNG Sector, Regasification, Contracted vs Non-Contracted LNG Liquefaction Capacity 62

7 Italy Underground Gas Storage Sector 63
7.1 Italy Underground Gas Storage Sector, Key Data 63
7.2 Italy Underground Gas Storage Sector, An Overview 63
7.3 Italy Underground Gas Storage Sector, Market Shares by Company 63
7.4 Italy Underground Gas Storage Sector, Storage Capacity 64
7.4.1 Italy Underground Gas Storage Sector, Storage Capacity of Active Terminals 64

8 Profile of Eni S.p.A. 65
8.1 Eni S.p.A., Key Information 65
8.2 Eni S.p.A., Company Overview 65
8.3 Eni S.p.A., Business Description 65
8.3.1 Business Overview 65
8.3.2 Engineering and Construction 66
8.3.3 Exploration & Production 66
8.3.4 Gas & Power 68
8.3.5 Others 69
8.3.6 Petrochemicals 70
8.3.7 Refining and Marketing 70
8.4 Eni S.p.A., SWOT Analysis 71
8.4.1 Overview 71
8.4.2 Eni S.p.A. Strengths 72
8.4.3 Eni S.p.A. Weaknesses 73
8.4.4 Eni S.p.A. Opportunities 74
8.4.5 Eni S.p.A. Threats 75

9 Profile of Royal Dutch Shell plc 77
9.1 Royal Dutch Shell plc, Key Information 77
9.2 Royal Dutch Shell plc, Company Overview 77
9.3 Royal Dutch Shell plc, Business Description 77
9.3.1 Business Overview 77
9.3.2 Chemicals 78
9.3.3 Corporate 79
9.3.4 Exploration and Production 79
9.3.5 Gas and Power 82
9.3.6 Oil Products 83
9.3.7 Oil Sands 85
9.4 Royal Dutch Shell plc, SWOT Analysis 86
9.4.1 Overview 86
9.4.2 Royal Dutch Shell plc Strengths 86
9.4.3 Royal Dutch Shell plc Weaknesses 88
9.4.4 Royal Dutch Shell plc Opportunities 88
9.4.5 Royal Dutch Shell plc Threats 89

10 Profile of BG Group plc 91
10.1 BG Group plc, Key Information 91
10.2 BG Group plc, Company Overview 91
10.3 BG Group plc, Business Description 91
10.3.1 Business Overview 91
10.3.2 Exploration and Production 92
10.3.3 Exploration and Production 94
10.3.4 Liquefied Natural Gas 96
10.3.5 Power Generation 97
10.3.6 Transmission and Distribution 98
10.4 BG Group plc, SWOT Analysis 99
10.4.1 Overview 99
10.4.2 BG Group plc Strengths 99
10.4.3 BG Group plc Weaknesses 100
10.4.4 BG Group plc Opportunities 101
10.4.5 BG Group plc Threats 101

11 Financial Deals Landscape 103
11.1 Detailed Deal Summary 103
11.1.1 Acquisition 103
11.1.2 Equity Offerings 106
11.1.3 Debt Offerings 109
11.1.4 Partnerships 123
11.1.5 Asset Transactions 125

12 Recent Developments 128
12.1 License Awards 128
12.1.1 Jan 05, 2010: Mediterranean Oil & Gas Wins Production Concession For Guendalina Gas Field In Italy 128
12.1.2 Aug 04, 2009: Saxon Oil Announces Formal Approval Of New Exploration Permits In Italy 128
12.2 Strategy and Business Expansion 129
12.2.1 Mar 12, 2010: Eni Announces 2010-13 Strategic Plan 129
12.2.2 Dec 21, 2009: Eni Signs Framework Agreement With CNR For Scientific Co-Operation 130
12.3 Other Significant Developments 131
12.3.1 Mar 22, 2010: Northern Petroleum Announces Completion Of Offshore Sicily Seismic 3D Survey 131
12.3.2 Mar 04, 2010: Petroceltic International Updates On Its Activities In Algeria, Tunisia And Italy 131
12.3.3 Feb 12, 2010: Eni Provides Q4 2009 Operations Update 133
12.3.4 Dec 22, 2009: EIB Lends EUR300 Million To Snam Rete Gas For Two New Gas Pipelines 134
12.3.5 Dec 15, 2009: Ascent Resources Provides Operations Update 134
12.3.6 Dec 14, 2009: Ascent Resources Provides Operations Update 135
12.3.7 Dec 04, 2009: Mediterranean Oil & Gas Provides Operations Update 137
12.3.8 Dec 01, 2009: Eni Considers Transport Of Turkmenistan Gas To Italy Via Turkey 139
12.3.9 Nov 24, 2009: GE Oil & Gas Powers Offshore Gravity-Based LNG Terminal 140
12.3.10 Nov 10, 2009: Gazprom, Eni Discuss Bilateral Cooperation In Energy Sector 141
12.3.11 Nov 03, 2009: Po Valley Energy Connects Castello Gas Plant To Pipeline Grid In Italy 141

13 Appendix 142
13.1 Methodology 142
13.1.1 Coverage 143
13.1.2 Secondary Research 144
13.1.3 Primary Research 144
13.1.4 Midstream Forecasts 144
13.1.5 Expert Panel Validation 144
13.2 Contact Us 145
13.3 About GlobalData 145
13.4 Disclaimer 146


List of Table


Table 1: Italy, Historical and Forecasted Production and Consumption of Natural Gas (Bcf), 1996-2020 12
Table 2: Italy, Historical and Forecasted Import and Export of Natural Gas (Bcf), 1996-2020 14
Table 3: Italy, Historical Reserves of Natural Gas (Bcf), 1996-2009 16
Table 4: Western Europe, Investment Benchmarking, Overall Country Rankings, March 2010 20
Table 5: Western Europe, Investment Benchmarking, Upstream Fiscal Attractiveness, March 2010 21
Table 6: Western Europe, Investment Benchmarking, Gas Sector Performance, March 2010 23
Table 7: Western Europe, Investment Benchmarking, Economic Performance, March 2010 27
Table 8: Western Europe, Country Standings, Economic Performance, March 2010 27
Table 9: Western Europe, Investment Benchmarking, Socio-Political Performance, March 2010 29
Table 10: Western Europe, Country Standings, Socio-Political Performance, March 2010 30
Table 11: Italy Exploration and Production Sector, Key Natural Gas Statistics, 2009 32
Table 12: Italy, Total Marketed Natural Gas Production (MMcf), 2002-2009 33
Table 13: Italy, Marketed Natural Gas Production (MMcf), by Assets, 2002-2009 34
Table 14: Italy, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2002-2009 36
Table 15: Italy, Market Share (%) based on Marketed Natural Gas Production, 2002- 2009 37
Table 16: Italy, Marketed Natural Gas Production Forecast by Assets (MMcf), 2010-2015 39
Table 17: Italy, Marketed Natural Gas Production (MMcf), Forecast by Assets, 2010-2015 (Contd1) 40
Table 18: Italy, Forecasted Assets-wise Gross Revenue (000'$), 2010-2015 40
Table 19: Italy, Forecasted Assets-wise Gross Revenue(000'$), 2010-2015 (Contd.1) 41
Table 20: Italy, Projected Assets-wise Total Government Take (000'$), 2010-2015 41
Table 21: Italy, Projected Assets-wise Total Government Take (000'$), 2010-2015 (Contd.1) 42
Table 22: Italy, Projected Assets-wise Total Contractor Take (000'$), 2010-2015 43
Table 23: Italy, Projected Assets-wise Total Contractor Take (000'$), 2010-2015 (Contd.1) 44
Table 24: Italy, Active Gas Field Asset Details 45
Table 25: Italy, Planned Gas Field Asset Details 48
Table 26: Italy, Number of Gas Discoveries, 2004-2009 49
Table 27: Italy, Natural Gas Discovery Details, 2004-2009 50
Table 28: Italy, Pipeline Key Statistics, 2009 55
Table 29: Italy, Comparison of Key Natural Gas Pipeline Companies (Km), 2009 55
Table 30: Italy, Natural Gas Pipelines, 2009 57
Table 31: Italy, Natural Gas Pipelines, 2009 (Contd.1) 58
Table 32: Italy, LNG Key Statistics, 2009 59
Table 33: Italy, Total Regasification Capacity (Bcf), 2000-2015 59
Table 34: Italy, Regasification Capacity by Company (Bcf), 2000- 2015 60
Table 35: Italy, Regasification Capacity by Terminal (Bcf), 2000-2015 62
Table 36: Italy, Contracted vs Non-Contracted Liquefaction Capacity (Million Tonnes), 2000-2015 62
Table 37: Italy Underground Gas Storage Sector, Key Statistics, 2009 63
Table 38: Italy Underground Gas Storage Sector, Storage Capacity by Company, 2009 63
Table 39: Italy, Active Underground Gas Storage Capacity (MMcf), 2009 64
Table 40: Eni S.p.A., Key Facts 65
Table 41: Eni S.p.A., SWOT Analysis 72
Table 42: Royal Dutch Shell plc, Key Facts 77
Table 43: Royal Dutch Shell plc, SWOT Analysis 86
Table 44: BG Group plc, Key Facts 91
Table 45: BG Group plc, SWOT Analysis 99
Table 46: VNG Acquires Remaining 34% Stake In SPIGAS 103
Table 47: Snam Rete Gas Acquires Stogit Stoccaggi Gas Italia From Eni 104
Table 48: Verbund Acquires Additional 9.8% Stake In Sorgenia 105
Table 49: Enel Completes Rights Offering Of $10 Billion 106
Table 50: Snam Rete Gas Completes Rights Offering Of $4,480.89 Million 107
Table 51: Enel Completes Public Offering Of 3.5% Bonds For $2.7 Billion 109
Table 52: Enel Completes Public Offering Of Floating-Rate Bonds For $1.3 Billion 110
Table 53: Enel Completes Private Placement Of 3.875% Senior Notes Due 2014 For $1.25 Billion 111
Table 54: Enel Completes Private Placement Of 5.125% Senior Notes Due 2019 For $1.75 Billion 112
Table 55: Enel Completes Private Placement Of 6% Senior Notes Due 2039 For $1.5 Billion 113
Table 56: Enel Completes Private Placement Of $2.18 Billion Of 4% Bonds Due 2016 114
Table 57: Enel Completes Private Placement Of $3.63 Billion Of 5% Bonds Due 2022 115
Table 58: Enel Completes Private Placement Of $1.4 Billion Of 5.62% Bonds Due 2024 116
Table 59: Enel Completes Private Placement Of $2.31 Billion Of 5.75% Bonds Due 2040 117
Table 60: Eni Completes Private Placement Of $2,144 Million Fixed Rate Bonds Due 2019 118
Table 61: Edison Completes Private Placement Of Bonds For $988 Million 119
Table 62: Edison Plans To Raise $696 Million In Bond Offering 120
Table 63: Eni Completes Public Offering Of $1405 Million Floating Rate Bonds Due 2015 121
Table 64: Eni Completes 4% Bond Offering For $1.4 Billion 122
Table 65: Po Valley Energy Forms Joint Venture With Edison 123
Table 66: Royal Dutch Shell To Form A Joint Venture With ERG 124
Table 67: Eni Plans To Sell Its Stake In Three Natural Gas Pipelines 125
Table 68: Petroceltic International Enters Into Farm-In Agreement With Vega Oil 126
Table 69: Stratic Energy Receives Approval To Sell Its Italian Business To Enel Trade 127

List of Chart

List Of Figures

Figure 1: Italy, Energy Sector break-up, 2009 10
Figure 2: Italy, Historical and Forecasted Production and Consumption of Natural Gas (Bcf), 1996-2020 13
Figure 3: Italy, Historical and Forecasted Import and Export of Natural Gas (Bcf), 1996-2020 15
Figure 4: Italy, Historical Reserves of Natural Gas (Bcf), 1996-2009 17
Figure 5: Western Europe, Country Standings, Upstream Fiscal Attractiveness, March 2010 22
Figure 6: Western Europe, Country Standings, Gas Sector Performance, by Reserves-Exploration & Production, March 2010 24
Figure 7: Western Europe, Country Standings, Gas Sector Performance, by Production & Consumption, March 2010 25
Figure 8: Western Europe, Country Standings, Exploration Blocks Awarded, March 2010 26
Figure 9: Western Europe, Country Standings, Economic Performance, March 2010 28
Figure 10: Western Europe, Country Standings, Socio-Political Performance, March 2010 30
Figure 11: Italy, Natural Gas Assets Map, 2009 32
Figure 12: Italy, Total Marketed Natural Gas Production (MMcf), 2002-2009 33
Figure 13: Italy, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2002-2009 37
Figure 14: Italy, Market Share (%) based on Marketed Natural Gas Production, 2009 38
Figure 15: Italy, Number of Natural Gas Discoveries by Year, 2004-2009 49
Figure 16: Italy, Comparison of Key Natural Gas Pipeline Companies (Km), 2009 56
Figure 17: Italy, Total Regasification Capacity (Bcf), 2000-2015 60
Figure 18: Italy, Regasification Capacity by Company (Bcf), 2000- 2015 61
Figure 19: Italy Underground Gas Storage Sector, Storage Capacity by Company, 2009 64
Figure 20: GlobalData Methodology 143

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