ITALY

(in Southern Europe)

CAPITAL: ROME

POPULATION: 59 mm

AREA (on): 301,200 km2

OIL PEAK: 2005

SUPPLY

Italian oil production first peaked in 1997 although output has briefly recovered as new onshore fields have been developed and as offshore production went onstream in the Adriatic Sea. Decline is now forecast from onshore regions but offshore should see modest growth in the longer term as deeper waters are exploited.

Italian gas production is relatively substantial for southern Europe but has been declining since the mid 1990s, especially from the onshore Po Valley. However output is expected to increase a little despite depletion of older fields, as new deeper water fields are brought onstream in the Adriatic and Ionian Seas, and in the Sicily Channel.

 

DEMAND

Italian consumption of oil has been declining for many years whilst gas consumption has grown with the economy.

Imports of oil have now stabilised but gas imports are slowly increasing since indigenous production is insufficient to offset new demand. After a flat period up to 2009 Italy will import increasing amounts of piped gas from Algeria and Russia as well as LNG from Algeria and Nigeria.

 

 
 

 

 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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