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SOUTHERN EUROPE

Oil production from southern Europe is not large in world terms and has been declining since 1987, except for a small increase in 2002 due to new offshore output onstream in Italy.

Declines in oil output, dominated by old onshore fields, are expected to continue but gas production is slightly more substantial. Both onshore and offshore production have begun to increase after a low in 2003. Increases are coming from Italy and the Balkans.

Southern Europe gas consumption is increasing rapidly, especially as the former Yugoslavian countries develop. Meanwhile oil consumption is increasing at levels matching the rest of Europe.

The region is a net importer of both oil and gas and it is forecast that steadily more imports will be required to meet demand up to 2013 when oil consumption begins to fall in a supply constrained world.

• Albania

• Austria

• Greece

• Italy

• Serbia

• Spain

Population

  million

Onshore area

(000's sq kms)

Offshore area

(000's sq kms)

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