Please Wait.....
Report
Italy Oil and Gas Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
Market Report I 2023-01-23 I 95 Pages I Mordor Intelligence
The Italian oil and gas market is expected to register a CAGR of more than 3% during the forecast period. The COVID-19 pandemic had a severe impact on the Italian petroleum industry due to a decline in fuel demand caused by lockdowns, particularly in the industrial and commercial sectors. It was recorded that Italy had the longest downtime in the automotive factories in Europe, which was around 41 days in 2020. The oil and gas market in Italy is substantially driven by the extremely high energy demand, especially during long winters, and fluctuations in fuel imports, mainly from Russia. However, the market is hesitant to promise a thriving future due to the continuously increasing fuel prices in the country.
Key Highlights
The midstream sector is expected to dominate the market due to the upcoming gas pipeline projects in the country.
The liberal government policies to attract more investments in the energy sector create huge opportunities for the oil and gas market. The initiatives taken very recently by the Italian government include business tax cuts and allocation of around EUR 4 billion to curb energy bills for households and companies. They are expected to influence oil and gas investments greatly.
The growing renewables market in Italy can hinder the oil and gas market growth in the near future.
Italy Oil & Gas Market Trends
The Midstream Segment Expected to Dominate the Market
The country's energy demand primarily depends on natural gas. The indigenous production of natural gas was around 3.9 billion cubic meters in 2020, which got reduced from 4.6 bcm in 2019. Methane gas has exceptionally high demand in the transportation and power sectors, due to the increase in CNG-driven vehicles and carbon-emission free power generation through gas-based power plants.
Though the country imports the fuel from Russia, high reliability on one external source and the recent fluctuations in the Russian imports due to maintenance issues prompted the country to fill the demand-supply gap through many upcoming LNG and pipeline projects.
In July 2021, Enemalta and Eni, the Italian energy companies, moved ahead with the long-term under-construction project, Sicily-Malta gas pipeline. The 159 km subsea pipeline connects the LNG terminal of Malta to Sicily and the rest of the Italian gas grid. The bidirectional pipeline is expected to have a capacity of 1.2 bcm and will be in service by 2024.
In the summer of 2020, the Sardinia gas pipeline project got approval from the environment ministry of Italy. The 585 km pipeline from Cagliari in the south to Porto Torres was proposed by Enura, a joint venture between Snam and Societa Gasdotti Italia, and it involves an outlay of EUR 600 million. The project is likely to be in service by 2025.
Owing to such developments, the midstream sector is expected to have the highest share during the forecast period.
Growth of Renewables Expected to Restrain the Market
The fast-paced growth of renewable sources of energy, particularly in the power generation and the industrial sector, has led to stunted growth of the oil and gas industry in Italy. The current share of renewables in the power sector is around 25% and is expected to grow even more in the future.
The country has set a number of clean energy goals in both energy consumption and power consumption. According to the National Integrated Energy and Climate Plan, the government intends to have a share of renewables to be 30% in total energy consumption and 55% in power generation by 2030. Thus, many projects are queued to reach ambitious targets.
In January 2022, the Italian government allocated 710 MW of solar capacity in the seventh auction round of renewables. It included 49 solar projects with a capacity of less than 10 MW each and 11 solar parks with ranges from 13.2 MW to 92.4 MW. The projects are expected to begin within the next two years.
In September 2021, Italian agency Gestore Dei Servizi Energetici (GSE) launched a new tender for renewable power projects with a total capacity of 3.3 GW. Through the procurement process, it has planned the installation of 3,312 MW of wind and solar capacity. It is a part of the major program to install a solar capacity of 50 GW by 2030.
Thus, the development in the renewable energy sector would be a significant restraint for the market during the forecast period.
Italy Oil & Gas Market Competitor Analysis
The Italian oil and gas market is moderately consolidated. Some of the major players in the market include Eni SpA, Edison SpA, Engie SA, SGS Italia SpA, BP PLC, TotalEnergies SE, and Zenith Energy Ltd (CA), among others.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Italy Oil and Gas Production Forecast in Thousand Barrels Per Day and Billion Cubic Feet Respectively, Till 2027
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 PESTLE Analysis
5 MARKET SEGMENTATION
5.1 Sector
5.1.1 Upstream
5.1.2 Downstream
5.1.3 Midstream
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Eni SpA
6.3.2 Edison SpA
6.3.3 Engie SA
6.3.4 SGS Italia SpA
6.3.5 BP PLC
6.3.6 TotalEnergies SE
6.3.7 Zenith Energy Ltd (CA)
6.3.8 Shell PLC
6.3.9 Saipem SpA
6.3.10 Schlumberger NV
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security