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World Oil and Gas Review 2015
World Oil and Gas Review 2015 World Oil and Gas Review 2015 Contents Contents Introduction List of Countries: Europe: Albania, Austria, Belarus, Belgium, Bosnia Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Luxembourg, Macedonia, Malta, Moldova, Montenegro, Netherlands, Norway, Poland, Portugal, Romania, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, Ukraine and United Kingdom. Russia and Central Asia: Russia, Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan. Middle East: Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates and Yemen Africa: Algeria, Angola, Benin, Cameroon, Chad, Congo, Côte d’Ivoire, Dem. Rep. Congo, Egypt, Equatorial Guinea, Ethiopia, Gabon, Ghana, Kenya, Libya, Madagascar, Mauritania, Morocco, Mozambique, Namibia, Niger, Nigeria, Rwanda, Senegal, Somalia, South Africa, Sudan, Tanzania, Tunisia, Uganda, Zambia and Zimbabwe. Asia - Pacific: Afghanistan, Australia, Bangladesh, Brunei, China, East Timor, Hong Kong, India, Indonesia, Japan, Malaysia, Mongolia, Myanmar, Nepal, New Zealand, North Korea, Pakistan, Papua New Guinea, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand and Vietnam. Americas: North America, Latin America. North America: Canada and the United States. Latin America: Argentina, Barbados, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Jamaica, Mexico, Netherlands Antilles, Nicaragua, Panama, Paraguay, Peru, Suriname, Trinidad and Tobago, Uruguay and Venezuela. European Union: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and United Kingdom. OECD: Europe, Middle East, Asia - Pacific, North America, Latin America. - Europe: Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey and United Kingdom. - Middle East: Israel. - Asia - Pacific: Australia, Japan, New Zealand and South Korea. - North America: Canada, Mexico and the United States. - Latin America: Chile. VI Introduction OPEC: Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela. MENA (Middle East and North Africa): Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates and Yemen, Algeria, Egypt, Libya, Morocco and Tunisia. MED: Albania, Algeria, Austria, Bosnia Herzegovina, Bulgaria, Croatia, Cyprus, Egypt, France*, Germany*, Gibraltar, Greece, Hungary, Israel, Italy, Jordan, Lebanon, Libya, Macedonia, Malta, Montenegro, Morocco, Romania, Serbia, Slovenia, Spain*, Switzerland*, Syria, Tunisia, Turkey and Ukraine. NWE (North West Europe): Belgium, Czech Republic, Denmark, Estonia, Finland, France*, Germany*, Iceland, Ireland, Latvia, Lithuania, Luxembourg, Netherlands, Norway, Poland, Portugal, Slovakia, Spain*, Sweden, Switzerland*, United Kingdom. This Review adopts the most commonly used names for countries and not necessarily the official name. The names used do not in any way indicate the opinion of Eni on the legal status of countries, territories, cities or areas mentioned. The term “country” is used to indicate, when necessary, also a territory or area. Borders between countries are indicated on the maps and do not imply judgement of any kind or the position of Eni with regard to current international disputes. This Review has been prepared by the Scenarios, Strategic Options & Investor Relations Department. (*) Pro quota VII Introduction Notes and Methods The sources of the data are: Arab Oil & Gas Directory, Cedigaz, CME, DECC, EIA DOE, Enerdata, ICE, ICIS Consulting, International Energy Agency, IHS Global Insight, Italian Ministry for Economic Development, Norwegian Petroleum Directorate, Oil & Gas Journal, OPEC, PIRA, PIW, Wood MacKenzie and other official sources. Blank spaces in the tables indicate that the figure was not available, zero indicates a figure that is not significant (except for the chapters “Production Quality”, “Imports” of natural gas and “LNG Liquefaction and Regasification Capacity”). Total may differ from the sum of the individual figures as a result of rounding up/down. Percentages have been calculated before rounding. Data for Sudan also include South Sudan. World total population is the population of all the countries in the world, while population figures for areas and aggregates take into account only the countries for which this publication shows energy data. Therefore the sum of population figures of all areas and aggregates is lower than world population. Oil Gas In all the chapters of oil and natural gas, in some countries figures may include oil and natural gas from non conventional sources and others sources of supply. The figures for “Reserves” refer to proven reserves as at 31st December. The figures for other chapters indicate annual averages. In all the chapters, the list of the “The world top 10…” is drawn up by ordering the countries on the basis of the last available year. In the chapters “Reserves/Production Ratio” and “Production/Consumption Ratio”, the list of the “The world top 10…” is drawn up by selecting the largest producers in the last available year and ordering them on the basis of the value of the reserves/production and production/consumption ratio. In the chapter “Per Capita Consumption”, the list of the world top is drawn up by selecting the largest consumers in the last available year and ordering them by the value of per capita consumption. Oil The difference between the Consumption and the Production of oil is given by the change in stocks, the processing gains obtained in refining and the amount of biofuels which is not included in Production. Gas In the chapters “Production”, “Consumption”, “Exports” and “Imports” figures are assessed by using the same calorific value per cubic metre (39 MJ/cm, GCV), in order to make data among countries comparable. For NON OECD countries, data for 2014 are Eni’s estimates. In the chapter “Production” of natural gas, the figures concern traded production and do not include quantities of flared, dispersed or re-injected gas. In the chapter “Imports”, imports of liquefied natural gas cover only the dry marketable equivalent after regasification. In the chapter “Imports”, the figure reported as total imports for a single country may differ from the sum of “Imports by LNG and pipeline” for the same country, because of the different sources and different calorific attached to the cubic metre. Production Quality In the chapter “Production Quality” figures for total oil production in each area or country do not coincide with the figures in the “Production” chapter of the Review. This is due to the exclusion of natural gas liquids and extra heavy crude from the figures for the first (except for Venezuela). Moreover, it has not been possible to allocate or define total production. In some countries the ‘Ultra Light’ category also includes, in total or in part, the production of condensates. For Canada the production includes syncrude. API degree is used universally to expresses a crude’s relative density. The arbitrary formula used to obtain it is: API gravity = (141.5/SG at 60°F) -131.5, where SG is the specific gravity of the fluid. Lighter the crude, higher the API gravity. The API scale was designed so that most values would fall between 10 and 70 API gravity degrees. Fresh water has an API density of 10. Atmospheric distillates yields are obtained according to TBP (True Boiling Point) technique, ASTM D2892 procedure. Figures are expressed in mass percentage. For the definition of the qualitative parameters for single crudes, the data of “Eni–R&M Division – San Donato Research Center – Downstream Products Technologies” have been used, wherever possible. Quality levels, indicating API gravity and sulphur content, are defined as follows. VIII Introduction Quality levels - API gravity and sulphur content Ultra Light Light & Sweet Light & Medium Sour API level equal to or greater than 50° and a low sulphur content API level equal to or greater than 35° and less than 50°, sulphur content less 0.5% API level equal to or greater than 35° and less than 50°, sulphur content equal to or greater than 0.5% and less than 1% Light & Sour API level equal to or greater than 35° and less than 50°, sulphur content equal to or greater than 1% Medium & Sweet API level equal to or greater than 26° and less than 35°, sulphur content less 0.5% Medium & Medium Sour API level equal to or greater than 26° and less than 35°, sulphur content to or greater than 0.5% and less than 1% Medium & Sour API level equal to or greater than 26° and less than 35°, sulphur content equal to or greater than 1% Heavy & Sweet Heavy & Medium Sour API level equal to or greater than 10° and less than 26°, sulphur content less 0.5% API level equal to or greater than 10° and less than 26°, sulphur content equal to or greater than 0.5% and Heavy & Sour API level equal to or greater than 10° and less than 26°, sulphur content equal to or greater than 1% less than 1% Refining Industry The “Refining Capacity” set of tabulations provides the following information: - Refineries: includes asphalt and lube oriented units, when dedicated topping capacity is present. Condensate refineries are included. Primary Capacity: represents a pro rated annual average of available capacity, excluding turnarounds. Conversion Capacity (FCC eqv.): sum of conversion capacity, converted to “Catcracking (FCC) equivalent” capacity. “FCC equivalent” capacity equals 1; other conversion capacities can be higher or lower than 1 (the equivalent factors are reported below in the next table). Complexity Capacity - FCC eqv.: ratio of Conversion Capacity (converted to FCC equivalent) over Primary Capacity, calculated on a weight basis. The higher is the complexity index, the higher is the capability of a refinery to produce high equivalent quality and value products. Complexity Ratio – NCI (Nelson Complexity Index): is another measure of secondary conversion capacity in comparison to the primary distillation capacity. The units are rated in terms of their costs relative to the primary distillation unit. The higher is the index the higher is the capability of a refinery to produce high quality and value products. The equivalent factors for the FCC equivalent calculation, reported below, change according to the type and the configuration of the conversion unit and are from ICIS Consulting. The factors for the Nelson calculation are standard factors, modified as necessary by Eni. Oxygenates and Aromatics are excluded. Conversion type Alkylation Alkylation-hydrofluoric Alkylation-sulfuric Asphalt Coking-delayed Coking-f/d Coking-fluid Coking-fxc Condensate distillation Crude Deasphalting Deasphalting-c3 Deasphalting-c4 Deep catcracking Distillate dewaxing Fluid cat-cracking Fluid catcracking-residue Heavy residual gasification Hydrocracking-distillates Hydrocracking-mild Hydrocracking-residue Conversion type 0.00 0.00 0.00 0.25 1.35 1.35 1.35 1.35 0.00 0.00 0.00 0.00 0.00 1.10 0.10 1.00 1.90 1.30 1.30 0.30 0.40 10.00 10.00 10.00 1.50 6.00 6.00 6.00 6.00 1.00 1.00 1.50 1.50 1.50 6.00 85.00 6.00 6.00 12.00 6.00 6.00 6.00 Hydrodesulf-diesel Hydrodesulf-gasoline Hydrodesulf-kero Hydrodesulf-mid-distillates Hydrodesulf-naphta Hydrodesulf-residue Hydrodesulf-gvgo Isomerization-c4 Isomerization-In Lube Polymerization Reforming-aromax Reforming-btx Reforming-cc Reforming-cyclic Reforming-Ipg feed Reforming-sr Thermal cat-cracking Thermal cracking Vacuum Visbreaking 0.00 0.00 0.00 0.00 0.00 0.20 0.05 0.00 0.00 0.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.80 0.65 0.00 0.25 2.50 2.50 2.50 2.50 2.50 2.50 2.50 15.00 15.00 60.00 10.00 5.00 5.00 5.00 5.00 5.00 5.00 2.75 2.75 2.00 2.75 IX oil Reserves Production Biofuels Production Reserves/Production Ratio Consumption Per Capita Consumption Production/Consumption Ratio Crude Future Price and Open Interests World Oil and Gas Review 2015 Oil Reserves Areas and Aggregates (*) (million barrels as at 31st December ) 2000 2005 2010 2011 2012 2013 2014 ∆ y/y (2014-2013) CAGR (2014-2000) Europe 19,493 16,648 12,718 12,787 12,617 12,962 12,453 -3.9% -3.2% Russia and Central Asia 56,395 77,227 98,281 98,281 118,281 118,281 118,281 0.0% 5.4% 694,414 752,203 794,596 797,154 799,131 802,955 802,509 -0.1% 1.0% Africa 91,751 111,009 123,841 124,678 126,575 126,353 125,765 -0.5% 2.3% Asia - Pacific 47,358 40,504 44,416 44,282 47,514 48,396 48,010 -0.8% 0.1% Middle East Americas 329,963 318,892 533,954 539,177 542,862 547,421 552,354 0.9% 3.7% - North America - Latin America 204,717 125,246 201,811 117,081 200,395 333,559 202,575 336,602 206,508 336,353 209,720 337,701 213,931 338,423 2.0% 0.2% 0.3% 7.4% 1,239,374 1,316,483 1,607,806 1,616,360 1,646,979 1,656,368 1,659,372 0.2% 2.1% World European Union 8,914 7,774 5,908 6,327 6,137 6,003 5,820 -3.0% -3.0% MENA 744,986 809,946 858,719 862,194 864,629 868,344 867,898 -0.1% 1.1% OECD 255,373 233,402 226,105 228,328 232,057 235,459 238,226 1.2% -0.5% NON OECD 984,001 1,083,081 1,381,701 1,388,031 1,414,923 1,420,909 1,421,146 0.0% 2.7% OPEC 845,953 924,265 1,192,727 1,198,292 1,200,830 1,206,170 1,206,003 0.0% 2.6% NON OPEC 393,421 392,218 415,079 418,068 446,149 450,198 453,369 0.7% 1.0% World Oil Reserves (2014) 1,659,372 million barrels as at 31st December World Oil Reserves Growth (2000-2014) 419,998 million barrels as at 31st December (*) Data source: Eni’s estimates on Enerdata Global Energy & CO2 Data and other sources data World Oil and Gas Review 2015 2 Oil Reserves The World Top 10 Reserves Holders (*) (million barrels as at 31st December ) 2000 Venezuela 2005 2010 2011 2012 2013 2014 ∆ y/y (2014-2013) CAGR (2014-2000) 76,848 80,012 296,501 297,571 297,735 298,350 299,953 0.5% Saudi Arabia 262,766 264,211 264,516 265,405 265,850 265,789 266,578 0.3% 0.1% Canada 181,200 178,792 175,214 173,625 173,105 173,200 172,481 -0.4% -0.4% 10.2% Iran 99,530 136,270 151,170 154,580 157,300 157,800 157,530 -0.2% 3.3% Iraq 112,500 115,000 143,100 141,350 140,300 144,211 143,069 -0.8% 1.7% Kuwait 96,500 101,500 101,500 101,500 101,500 101,500 101,500 0.0% 0.4% United Arab Emirates 97,800 97,800 97,800 97,800 97,800 97,800 97,800 0.0% 0.0% Russia 48,573 60,000 60,000 60,000 80,000 80,000 80,000 0.0% 3.6% Libya 36,000 41,464 47,097 48,014 48,472 48,363 48,363 0.0% 2.1% United States (**) 23,517 23,019 25,181 28,950 33,403 36,520 41,450 13.5% 4.1% 1,035,234 1,098,068 1,362,079 1,368,795 1,395,465 1,403,533 1,408,724 0.4% 2.2% 250,648 -0.9% 1.5% 1,239,374 1,316,483 1,607,806 1,616,360 1,646,979 1,656,368 1,659,372 0.2% 2.1% The World Top 10 Rest of the world World 204,140 218,415 245,727 247,564 251,514 252,835 The World Top 10 (2014) (*) (**) Data source: Eni’s estimates on Enerdata Global Energy & CO2 Data Data source: Eni’s estimates on EIA DOE data World Oil and Gas Review 2015 3 Oil Reserves Countries (*) (million barrels as at 31st December ) 2000 Europe Albania Austria Belarus Bulgaria Croatia Czech Republic Denmark France Germany Greece Hungary Italy (**) Lithuania Netherlands Norway Poland Romania Serbia and Montenegro Slovakia Spain Turkey Ukraine United Kingdom 2005 19,493 165 86 198 15 92 15 1,069 145 380 10 110 577 12 107 9,447 115 1,426 78 9 21 296 395 4,725 2000 Russia and Central Asia Russia Azerbaijan Georgia 2010 16,648 198 62 198 15 69 15 1,328 158 367 7 103 443 12 106 7,705 96 956 78 9 158 300 395 3,870 2011 12,718 199 50 198 15 71 15 812 91 276 10 27 559 12 310 5,670 96 600 78 9 150 270 395 2,805 2005 2012 12,787 199 50 198 15 71 15 900 90 276 10 32 557 12 287 5,320 155 600 78 9 150 270 395 3,098 2010 2013 12,617 172 47 198 15 71 15 805 85 254 10 27 599 12 244 5,366 157 600 78 9 150 270 395 3,038 2011 ∆ y/y (2014-2013) 2014 12,962 168 49 198 15 71 15 805 90 233 10 27 582 12 150 5,825 157 600 78 9 150 295 395 3,030 12,453 168 48 198 15 71 15 611 84 227 10 27 619 12 145 5,497 145 600 78 9 150 296 395 3,033 2012 2013 2014 -3.9% 0.0% -2.1% 0.0% 0.0% 0.0% 0.0% -24.1% -6.1% -2.5% 0.0% 0.0% 6.4% 0.0% -3.4% -5.6% -7.2% 0.0% 0.0% 0.0% 0.0% 0.4% 0.0% 0.1% ∆ y/y (2014-2013) CAGR (2014-2000) -3.2% 0.1% -4.2% 0.0% 0.0% -1.8% 0.0% -3.9% -3.8% -3.6% 0.0% -9.5% 0.5% 0.0% 2.2% -3.8% 1.7% -6.0% 0.0% 0.0% 15.1% 0.0% 0.0% -3.1% CAGR (2014-2000) 56,395 77,227 98,281 98,281 118,281 118,281 118,281 0.0% 48,573 60,000 60,000 60,000 80,000 80,000 80,000 0.0% 5.4% 3.6% 1,178 7,000 7,000 7,000 7,000 7,000 7,000 0.0% 13.6% 35 35 35 35 35 35 35 0.0% 0.0% Kazakhstan 5,417 9,000 30,000 30,000 30,000 30,000 30,000 0.0% 13.0% Kyrgyzstan 40 40 40 40 40 40 40 0.0% 0.0% Tajikistan 12 12 12 12 12 12 12 0.0% 0.0% Turkmenistan 546 546 600 600 600 600 600 0.0% 0.7% Uzbekistan 594 594 594 594 594 594 594 0.0% 0.0% 2010 2011 2000 Middle East 2005 2012 2013 ∆ y/y (2014-2013) 2014 CAGR (2014-2000) 694,414 752,203 794,596 797,154 799,131 802,955 802,509 -0.1% 1.0% 150 125 125 125 125 125 125 0.0% -1.3% Iran 99,530 136,270 151,170 154,580 157,300 157,800 157,530 -0.2% 3.3% Iraq 112,500 115,000 143,100 141,350 140,300 144,211 143,069 -0.8% 1.7% 4 2 2 12 12 12 12 0.5% 7.9% Bahrain Israel Jordan Kuwait 1 1 1 1 1 1 1 0.0% 0.8% 96,500 101,500 101,500 101,500 101,500 101,500 101,500 0.0% 0.4% -0.5% Oman 5,506 5,506 5,500 5,500 5,500 4,974 5,151 3.6% Qatar 13,157 25,288 25,382 25,382 25,244 25,244 25,244 0.0% 4.8% 262,766 264,211 264,516 265,405 265,850 265,789 266,578 0.3% 0.1% Saudi Arabia Syria United Arab Emirates Yemen 2,500 2,500 2,500 2,500 2,500 2,500 2,500 0.0% 0.0% 97,800 97,800 97,800 97,800 97,800 97,800 97,800 0.0% 0.0% 4,000 4,000 3,000 3,000 3,000 3,000 3,000 0.0% -2.0% (*) Data source: Eni’s estimates on Enerdata Global Energy & CO2 Data, for Norway on Norwegian Petroleum Directorate's data, for United Kingdom on DECC data (**) Data source: the original data are from Italian Ministry for Economic Development. They have been converted by Eni considering 1 ton of oil equal to 7.3 barrels World Oil and Gas Review 2015 4 Oil Reserves Countries (*) (million barrels as at 31st December ) 2000 Africa Algeria Angola Benin Cameroon Chad Congo Côte d'Ivoire Dem. Rep. Congo Egypt Equatorial Guinea Gabon Ghana Libya Mauritania Morocco Nigeria South Africa Sudan Tunisia Uganda 91,751 11,314 5,972 8 400 0 1,506 100 187 2,948 1,200 2,499 17 36,000 0 2 29,000 28 262 308 0 2000 Asia - Pacific Australia Bangladesh Brunei China India Indonesia Japan Malaysia Myanmar New Zealand Pakistan Papua New Guinea Philippines Taiwan Thailand Vietnam Americas Argentina Barbados Belize Bolivia Brazil Canada Chile Colombia Cuba Ecuador Guatemala Mexico Peru Suriname Trinidad and Tobago United States (**) Venezuela (*) (**) 47,358 4,944 57 1,350 24,000 4,728 4,980 59 3,900 50 127 208 360 289 4 352 1,950 2005 2010 2011 2012 2013 2014 111,009 12,270 9,050 8 400 1,500 1,506 100 187 3,700 1,200 2,499 17 41,464 0 1 36,220 16 563 308 0 123,841 12,200 9,055 8 200 1,500 1,600 100 180 4,400 1,100 2,000 660 47,097 100 1 37,200 15 5,000 425 1,000 124,678 12,200 9,055 8 200 1,500 1,600 100 180 4,400 1,100 2,000 660 48,014 20 1 37,200 15 5,000 425 1,000 126,575 12,200 9,055 8 200 1,500 1,600 100 180 4,400 1,100 2,000 660 48,472 20 1 37,139 15 5,000 425 2,500 126,353 12,200 9,011 8 200 1,500 1,600 100 180 4,400 1,100 2,000 660 48,363 20 1 37,070 15 5,000 425 2,500 125,765 12,200 8,423 8 200 1,500 1,600 100 180 4,400 1,100 2,000 660 48,363 20 1 37,070 15 5,000 425 2,500 2005 2010 40,504 3,718 28 1,350 18,250 5,615 4,301 59 3,000 50 53 289 240 139 2 291 3,119 44,416 3,831 28 1,100 20,350 5,533 3,990 44 4,000 50 113 313 88 139 2 435 4,400 2011 44,282 3,873 28 1,100 20,350 5,410 3,885 44 4,000 50 96 281 182 139 2 442 4,400 2012 2013 2014 47,514 3,922 28 1,100 23,717 5,476 3,700 44 4,000 50 81 248 154 139 2 453 4,400 48,396 3,958 28 1,100 24,376 5,654 3,591 44 4,000 50 78 342 186 139 2 449 4,400 48,010 3,294 28 1,100 24,649 5,686 3,544 44 4,000 50 67 371 175 139 2 461 4,400 2000 2005 2010 2011 2012 2013 2014 329,963 3,071 3 0 397 8,100 181,200 150 1,972 283 4,566 526 28,260 310 74 686 23,517 76,848 318,892 2,321 3 0 441 11,243 178,792 150 1,542 750 5,180 526 12,882 930 111 990 23,019 80,012 533,954 2,504 2 7 465 12,858 175,214 150 1,900 124 7,206 83 10,420 532 79 728 25,181 296,501 539,177 2,505 2 7 210 13,987 173,625 150 1,988 124 8,235 83 10,359 582 72 728 28,950 297,571 542,862 2,805 2 7 210 13,154 173,105 150 2,200 124 8,235 83 10,264 579 77 728 33,403 297,735 547,421 2,820 3 7 210 13,219 173,200 150 2,377 124 8,832 83 10,073 633 93 728 36,520 298,350 552,354 2,354 3 7 210 13,451 172,481 150 2,445 124 8,273 83 9,812 741 89 728 41,450 299,953 ∆ y/y (2014-2013) -0.5% 0.0% -6.5% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% ∆ y/y (2014-2013) -0.8% -16.8% 0.0% 0.0% 1.1% 0.6% -1.3% 0.0% 0.0% 0.0% -14.3% 8.5% -5.8% 0.0% 0.0% 2.7% 0.0% ∆ y/y (2014-2013) 0.9% -16.5% -11.1% 0.0% 0.0% 1.8% -0.4% 0.0% 2.9% 0.0% -6.3% 0.0% -2.6% 17.1% -3.8% 0.0% 13.5% 0.5% CAGR (2014-2000) 2.3% 0.5% 2.5% 0.0% -4.8% 0.4% 0.0% -0.3% 2.9% -0.6% -1.6% 29.9% 2.1% -7.4% 1.8% -4.4% 23.4% 2.3% CAGR (2014-2000) 0.1% -2.9% -5.0% -1.5% 0.2% 1.3% -2.4% -2.1% 0.2% 0.0% -4.4% 4.2% -5.0% -5.1% -3.6% 1.9% 6.0% CAGR (2014-2000) 3.7% -1.9% -1.2% -4.5% 3.7% -0.4% 0.0% 1.5% -5.7% 4.3% -12.4% -7.3% 6.4% 1.3% 0.4% 4.1% 10.2% Data source: Eni’s estimates on Enerdata Global Energy & CO2 Data Data source: Eni’s estimates on EIA DOE data World Oil and Gas Review 2015 5 Oil Reserves Cluster of Companies (*) 2000 World: 1,239,374 million barrels as at 31st December 2014 World: 1,659,372 million barrels as at 31st December 2014 (million barrels as at 31st December ) (*) Majors: BP, Chevron, Eni, ExxonMobil, Repsol, Shell, Total. IOCs: BG, BHP Billiton, ConocoPhillips, OMV, Statoil, Woodside Petroleum. NOCs: ADNOC, Bahrain NOC, Bashneft, CBNOOC, CNPC, CPC Taiwan, Dubai Petroleum, Ecopetrol, EGPC, Gazprom, INOC, Israel NOC, KazMunaiGaz, KNOC, KPC, Lybian NOC, MEDCO Energy, MOGE, Morocco NOC, Mu-badala Abu-Dhabi, NIOC, NNPC, Novatek, Oil India, ONGC, Pakistan Oil Field, Pakistan Petroleum, PDO, PdVSA, Pemex, Pertamina, Petrobras, PetroChina, Petronas, PetroVietnam, PGNiG, PTTEP, QP, Rosneft, Saudi Aramco, Sinopec, SOCAR Azerbaijan, Sonangol, Sonatrach, Surgutneftegas, Syria Petroleum, Tatneft, Turkmengas, Uzbekneftegas World Oil and Gas Review 2015 6 Oil Production Areas and Aggregates (*) Crude and non conventional oil, natural gas liquids (thousand barrels/day) 2000 2005 2010 2011 2012 2013 2014 Δ Y/Y (2014-2013) CAGR (2014-2000) Europe 7,098 5,960 4,406 4,015 3,711 3,556 3,562 0.1% -4.8% Russia and Central Asia 7,864 11,703 13,436 13,483 13,511 13,775 13,828 0.4% 4.1% 1.4% Middle East 23,510 25,556 25,367 27,609 28,170 28,059 28,523 1.7% Africa 7,803 9,913 10,339 9,122 9,816 9,069 8,556 -5.7% 0.7% Asia - Pacific 7,941 8,053 8,456 8,334 8,359 8,214 8,199 -0.2% 0.2% Americas 20,970 20,982 21,412 22,039 23,194 24,530 26,413 7.7% 1.7% - North America - Latin America 10,726 10,244 10,115 10,867 11,079 10,333 11,599 10,440 12,844 10,349 14,211 10,319 16,012 10,401 12.7% 0.8% 2.9% 0.1% World 75,186 82,167 83,416 84,601 86,762 87,204 89,080 2.2% 1.2% 3,570 2,802 2,079 1,792 1,606 1,540 1,496 -2.9% -6.0% MENA 27,223 29,959 29,561 30,565 32,084 31,384 31,357 -0.1% 1.0% OECD NON OECD 21,859 53,327 20,160 62,007 18,865 64,551 18,903 65,697 19,804 66,958 20,906 66,297 22,650 66,430 8.3% 0.2% 0.3% 1.6% OPEC NON OPEC 30,769 44,418 34,781 47,385 34,666 48,750 35,758 48,843 37,513 49,249 36,718 50,485 36,667 52,412 -0.1% 3.8% 1.3% 1.2% European Union World Oil Production (2014) 89,080 thousand barrels/day World Oil Reserves Growth (2000-2014) 419,998 million barrels as at 31st December World Oil Production Growth (2000-2014) 13,893 thousand barrels/day (*) Data source: Eni calculations on Monthly Oil Data Services © OECD/International Energy Agency, 2015 World Oil and Gas Review 2015 7 Oil Production The World Top 10 Producers (*) Crude and non conventional oil, natural gas liquids (thousand barrels/day) 2000 Rest of the World World CAGR (2014-2000) 2010 2011 2012 2013 2014 8,005 9,348 6,527 2,722 3,261 2,622 3,760 2,582 2,160 3,452 7,075 10,893 9,636 3,041 3,638 2,995 4,225 1,833 2,548 3,768 7,747 9,972 10,453 3,332 4,078 2,831 4,215 2,430 2,498 2,961 8,072 11,214 10,601 3,526 4,101 3,214 4,164 2,743 2,771 2,945 9,104 11,738 10,682 3,740 4,175 3,385 3,551 3,031 2,985 2,922 10,237 11,586 10,869 3,974 4,176 3,503 3,289 3,163 3,109 2,891 11,810 11,630 10,947 4,202 4,190 3,578 3,442 3,419 3,100 2,797 15.4% 0.4% 0.7% 5.7% 0.3% 2.1% 4.7% 8.1% -0.3% -3.2% 2.8% 1.6% 3.8% 3.2% 1.8% 2.2% -0.6% 2.0% 2.6% -1.5% 44,438 49,654 50,517 53,351 55,313 56,797 59,115 4.1% 2.1% 30,748 32,513 32,899 31,249 31,449 30,406 29,965 -1.5% -0.2% 75,186 82,167 83,416 84,601 86,762 87,204 89,080 2.2% 1.2% United States Saudi Arabia Russia Canada China United Arab Emirates Iran Iraq Kuwait Mexico The World Top 10 Δ Y/Y (2014-2013) 2005 (*) United States 13.3% 4.0% UAE Saudi Arabia 13.1% 3.9% Iran Russia 12.3% 3.8% Iraq Canada 4.7% 3.5% Kuwait China 4.7% 3.1% Share of World Total Mexico The World Top 10 (2014) Data source: Monthly Oil Data Services © OECD/International Energy Agency, 2015 World Oil and Gas Review 2015 8 Oil Production Countries (*) Crude and non conventional oil, natural gas liquids (thousand barrels/day) 2000 Europe Albania Austria Belarus Bulgaria Croatia Czech Republic Denmark Estonia France Germany Greece Hungary Italy Netherlands Norway Poland Romania Serbia and Montenegro Slovakia Spain Turkey Ukraine United Kingdom 7,098 6 20 37 1 28 8 363 5 44 86 6 39 78 49 3,331 15 131 20 1 5 53 82 2,694 2000 2005 5,960 8 19 36 1 21 12 388 5 36 113 2 37 124 47 2,961 28 113 13 7 3 44 97 1,845 2010 4,406 13 25 33 1 20 6 255 10 31 76 2 25 108 36 2,137 19 92 18 5 3 48 79 1,365 2011 4,015 16 23 32 1 18 8 221 11 31 77 2 22 103 36 2,040 18 91 22 2 5 46 69 1,123 2012 3,711 17 22 30 1 16 7 201 12 27 74 2 23 108 41 1,917 20 88 20 2 7 45 76 954 2013 3,556 17 21 29 1 16 6 175 12 23 74 1 25 110 46 1,838 29 89 17 4 16 46 69 892 2014 3,562 20 21 27 1 15 5 165 14 23 69 1 20 114 41 1,892 30 87 18 4 13 47 61 872 2005 2010 2011 2012 2013 2014 Δ Y/Y (2014-2013) 0.1% 18.2% 0.7% -4.9% 0.0% -4.4% -10.4% -5.7% 12.1% 0.0% -7.5% -10.0% -22.7% 4.1% -10.2% 3.0% 3.7% -2.0% 1.5% 18.8% -18.2% 2.7% -11.3% -2.3% Δ Y/Y (2014-2013) CAGR (2014-2000) -4.8% 9.5% 0.6% -2.1% 5.1% -4.3% -3.0% -5.5% 8.0% -4.4% -1.6% -10.5% -4.8% 2.8% -1.2% -4.0% 5.2% -2.9% -0.9% 10.0% 7.5% -0.8% -2.0% -7.7% CAGR (2014-2000) Russia and Central Asia 7,864 11,703 13,436 13,483 13,511 13,775 13,828 0.4% 4.1% Russia Azerbaijan Georgia Kazakhstan Kyrgyzstan Tajikistan Turkmenistan Uzbekistan 6,527 282 2 718 2 0 158 175 9,636 449 1 1,295 2 0 201 118 10,453 1,042 1 1,655 1 0 196 88 10,601 924 1 1,680 2 1 197 77 10,682 879 1 1,665 2 1 214 68 10,869 885 1 1,713 1 1 238 68 10,947 871 1 1,688 1 1 252 67 0.7% -1.5% -9.5% -1.4% -8.8% -9.6% 5.8% -1.5% 3.8% 8.4% -9.2% 6.3% -0.8% 1.8% 3.4% -6.6% Middle East Bahrain Iran Iraq Kuwait Oman Qatar Saudi Arabia Syria United Arab Emirates Yemen (*) Δ Y/Y (2014-2013) CAGR (2014-2000) 2000 2005 2010 2011 2012 2013 2014 23,510 25,556 25,367 27,609 28,170 28,059 28,523 1.7% 1.4% 198 3,760 2,582 2,160 958 860 9,348 573 2,622 450 198 4,225 1,833 2,548 777 1,216 10,893 448 2,995 421 192 4,215 2,430 2,498 871 1,668 9,972 385 2,831 306 201 4,164 2,743 2,771 895 1,814 11,214 352 3,214 241 184 3,551 3,031 2,985 925 2,011 11,738 171 3,385 190 193 3,289 3,163 3,109 950 2,056 11,586 59 3,503 150 190 3,442 3,419 3,100 950 2,036 11,630 33 3,578 145 -1.1% 4.7% 8.1% -0.3% 0.0% -1.0% 0.4% -44.8% 2.1% -3.3% -0.3% -0.6% 2.0% 2.6% -0.1% 6.3% 1.6% -18.5% 2.2% -7.7% Data source: Monthly Oil Data Services © OECD/International Energy Agency, 2015 World Oil and Gas Review 2015 9 Oil Production Countries (*) Crude and non conventional oil, natural gas liquids (thousand barrels/day) 2000 Africa Algeria Angola Cameroon Chad Congo Côte d'Ivoire Dem. Rep. Congo Egypt Equatorial Guinea Gabon Ghana Libya Mauritania Morocco Niger Nigeria South Africa Sudan Tunisia 7,803 1,436 745 114 0 265 7 23 727 118 276 7 1,471 0 0 0 2,160 199 177 78 2000 Asia - Pacific Australia Bangladesh Brunei China East Timor India Indonesia Japan Malaysia Mongolia Myanmar New Zealand Pakistan Papua New Guinea Philippines South Korea Taiwan Thailand Vietnam 7,941 802 4 195 3,261 0 770 1,459 17 711 0 12 45 58 64 1 13 1 194 333 2000 Americas Argentina Barbados Bolivia Brazil Canada Chile Colombia Cuba Ecuador Guatemala Mexico Peru Suriname Trinidad and Tobago United States Venezuela (*) 20,970 831 1 39 1,271 2,722 9 688 51 404 21 3,452 104 10 143 8,005 3,220 2005 9,913 1,931 1,245 89 170 247 40 25 677 358 270 6 1,721 0 1 0 2,546 208 305 73 2005 8,053 545 6 206 3,638 92 771 1,084 18 794 1 22 24 66 54 39 10 1 297 386 2005 20,982 790 1 58 1,705 3,041 8 528 54 534 18 3,768 116 12 181 7,075 3,093 2010 10,339 1,720 1,820 64 130 301 45 25 729 274 255 7 1,661 9 0 0 2,609 141 465 84 2010 8,456 561 5 153 4,078 88 905 993 18 718 6 19 60 66 31 34 21 0 383 317 2010 21,412 734 1 51 2,150 3,332 13 788 56 468 12 2,961 155 21 148 7,747 2,775 2011 9,122 1,672 1,732 60 134 302 45 24 729 252 254 77 485 8 0 6 2,700 120 453 70 2011 8,334 490 5 169 4,101 84 915 947 17 655 6 17 50 67 30 34 20 0 410 316 2011 22,039 678 1 52 2,205 3,526 13 918 55 498 11 2,945 152 20 140 8,072 2,751 2012 9,816 1,619 1,854 64 137 289 42 24 749 272 245 81 1,476 7 0 15 2,628 131 113 70 2012 8,359 480 5 159 4,175 80 886 914 16 673 6 17 47 66 27 26 21 0 406 356 2012 23,194 662 1 56 2,161 3,740 11 947 52 502 10 2,922 153 19 120 9,104 2,733 2013 9,069 1,573 1,792 69 128 281 34 24 735 267 236 104 953 6 0 20 2,455 116 214 65 2013 8,214 401 4 135 4,176 79 878 873 14 643 5 16 41 63 28 24 19 0 467 346 2013 24,530 629 1 57 2,124 3,974 11 1,009 50 518 9 2,891 166 16 117 10,237 2,722 2014 8,556 1,578 1,735 76 121 281 27 23 699 281 236 107 497 5 0 20 2,430 111 268 60 2014 8,199 421 4 126 4,190 76 874 833 13 669 5 15 46 61 34 41 20 0 461 308 2014 26,413 624 1 61 2,337 4,202 9 993 47 551 8 2,797 173 15 113 11,810 2,672 Δ Y/Y (2014-2013) -5.7% 0.3% -3.2% 10.6% -5.1% 0.1% -20.1% -4.7% -4.9% 5.1% 0.1% 3.6% -47.8% -9.5% 0.0% 1.7% -1.0% -3.9% 25.2% -7.6% Δ Y/Y (2014-2013) -0.2% 5.2% -4.9% -6.7% 0.3% -3.4% -0.4% -4.7% -6.6% 4.1% -4.9% -4.9% 11.5% -2.3% 21.5% 69.4% 1.3% -1.3% -10.9% Δ Y/Y (2014-2013) 7.7% -0.9% -9.5% 5.9% 10.1% 5.7% -18.3% -1.6% -4.9% 6.5% -9.5% -3.2% 4.1% -4.5% -3.4% 15.4% -1.8% CAGR (2014-2000) 0.7% 0.7% 6.2% -2.8% 0.4% 10.2% 0.0% -0.3% 6.4% -1.1% 21.5% -7.5% -1.6% 0.8% -4.1% 3.0% -1.9% CAGR (2014-2000) 0.2% -4.5% 0.2% -3.1% 1.8% 0.9% -3.9% -2.0% -0.4% 26.8% 1.7% 0.3% 0.5% -4.4% 30.9% 3.0% -100.0% 6.4% -0.6% CAGR (2014-2000) 1.7% -2.0% -2.5% 3.2% 4.4% 3.2% -0.3% 2.7% -0.5% 2.2% -6.5% -1.5% 3.7% 3.0% -1.7% 2.8% -1.3% Data source: Monthly Oil Data Services © OECD/International Energy Agency, 2015 World Oil and Gas Review 2015 10 Oil Production Cluster of Companies (*) 2000 World: 75,186 thousand barrels/day 2014 World: 89,080 thousand barrels/day 2014 (thousand barrels/day) (*) Majors: BP, Chevron, Eni, ExxonMobil, Repsol, Shell, Total. IOCs: BG, BHP Billiton, ConocoPhillips, OMV, Statoil, Woodside Petroleum. NOCs: ADNOC, Bahrain NOC, Bashneft, CBNOOC, CNPC, CPC Taiwan, Dubai Petroleum, Ecopetrol, EGPC, Gazprom, INOC, Israel NOC, KazMunaiGaz, KNOC, KPC, Lybian NOC, MEDCO Energy, MOGE, Morocco NOC, Mu-badala Abu-Dhabi, NIOC, NNPC, Novatek, Oil India, ONGC, Pakistan Oil Field, Pakistan Petroleum, PDO, PdVSA, Pemex, Pertamina, Petrobras, PetroChina, Petronas, PetroViet-nam, PGNiG, PTTEP, QP, Rosneft, Saudi Aramco, Sinopec, SOCAR Azerbaijan, Sonangol, Sonatrach, Surgutneftegas, Syria Petroleum, Tatneft, Turkmengas, Uzbekneftegas World Oil and Gas Review 2015 11 Oil Production The World Top 10 Natural Gas Liquids Producers (*) (thousand barrels/day) 2000 2005 2010 2011 2012 2013 2014 Δ Y/Y (2014-2013) CAGR (2014-2000) United States Saudi Arabia Qatar United Arab Emirates Canada Iran Nigeria Algeria Mexico Russia 1,911 1,011 173 384 706 75 121 630 438 50 1,717 1,460 442 537 668 346 141 603 426 145 2,074 1,710 898 520 608 510 528 515 377 251 2,216 1,775 1,039 709 615 542 523 491 384 272 2,408 1,870 1,136 732 609 547 530 454 365 250 2,572 1,839 1,175 741 640 607 503 425 359 292 2,964 1,828 1,174 819 662 630 515 457 357 335 15.2% -0.6% -0.1% 10.5% 3.4% 3.9% 2.4% 7.6% -0.5% 14.7% 3.2% 4.3% 14.7% 5.6% -0.5% 16.4% 10.9% -2.3% -1.5% 14.5% The World Top 10 5,499 6,487 7,990 8,568 8,901 9,154 9,742 6.4% 4.2% Rest of the world 1,773 2,321 2,625 2,551 2,515 2,569 2,565 -0.2% 2.7% World 7,272 8,808 10,615 11,119 11,416 11,723 12,307 5.0% 3.8% The World Top 10 (2014) (*) Data source: Monthly Oil Data Services © OECD/International Energy Agency, 2015 World Oil and Gas Review 2015 12 Oil Biofuels Production Total Biofuels (*) (thousand barrels/day) World 2013 World: 2,022 thousand barrels/day Biogasoline (*) (thousand barrels/day) World 2013 World: 1,253 thousand barrels/day Biodiesel (*) (thousand barrels/day) World (*) 2013 World: 515 thousand barrels/day Data source: IEA Extended Balances © OECD/International Energy Agency, 2015 Total Biofuels include biogasoline, biodiesel and other biofuels (among others, ethanol used pure in Brazil "Hydrous" and vegetable oil used pure in Germany) World Oil and Gas Review 2015 13 Oil Reserves/Production Ratio Areas and Aggregates (*) (years) 2000 Europe 2005 2010 2011 2012 2013 2014 8 8 8 9 9 10 10 Russia and Central Asia 20 18 20 20 24 24 23 Middle East 81 81 86 79 78 78 77 Africa 32 31 33 37 35 38 40 Asia - Pacific 16 14 14 15 16 16 16 Americas 43 42 68 67 64 61 57 - North America - Latin America 52 33 55 30 50 88 48 88 44 89 40 90 37 89 World 45 44 53 52 52 52 51 7 8 8 10 10 11 11 MENA 75 74 80 77 74 76 76 OECD 32 32 33 33 32 31 29 NON OECD 51 48 59 58 58 59 59 OPEC NON OPEC 75 24 73 23 94 23 92 23 88 25 90 24 90 24 European Union Reserves/Production Ratio (2014) 51 years (*) Data source: Eni’s calculations. The original data are from Enerdata Global Energy &CO2 Data, Monthly Oil Data Services © OECD/International Energy Agency, 2015 and other sources World Oil and Gas Review 2015 14 Oil Reserves/Production Ratio The World Top 10 Producers Ranked by Reserves/Production Ratio(*) (years) 2000 Iran 2005 2010 2011 73 88 Iraq 119 172 161 Canada 182 161 144 Kuwait 122 109 111 United Arab Emirates 102 89 Saudi Arabia 77 Russia China United States (**) Mexico 98 2012 102 2013 2014 121 131 125 141 127 125 115 135 127 119 112 100 93 89 90 95 83 79 76 75 66 73 65 62 63 63 20 17 16 16 21 20 20 20 14 14 14 16 16 16 8 9 9 10 10 10 10 22 9 10 10 10 10 10 The World Top 10 (2014) (*) (**) Data source: Eni’s calculations. The original data are from Enerdata Global Energy & CO2 Data and Monthly Oil Data Services © OECD/International Energy Agency, 2015 The original data are from EIA DOE and Monthly Oil Data Services © OECD/International Energy Agency, 2015 World Oil and Gas Review 2015 15 Oil Reserves/Production Ratio Countries(*) (years) 2000 Europe Albania Austria Belarus Bulgaria Croatia Czech Republic Denmark France Germany Greece Hungary Italy (**) Netherlands Norway Poland Romania Serbia and Montenegro Slovakia Spain Turkey Ukraine United Kingdom 2005 8 79 12 15 82 9 5 8 9 12 5 8 20 6 8 22 30 11 21 12 15 13 5 2000 Russia and Central Asia Russia Azerbaijan Georgia Kazakhstan Kyrgyzstan Tajikistan Turkmenistan Uzbekistan 20 20 11 44 21 73 82 9 9 2000 Middle East Bahrain Iran Iraq Kuwait Oman Qatar Saudi Arabia Syria United Arab Emirates Yemen (*) (**) 81 2 73 119 122 16 42 77 12 102 24 8 67 9 15 41 9 4 9 12 9 10 8 10 6 7 9 23 16 3 129 19 11 6 2005 18 17 43 72 19 50 99 7 14 2005 81 2 88 172 109 19 57 66 15 89 26 2010 2011 8 43 6 16 41 10 7 9 8 10 12 3 14 24 7 14 18 12 5 128 15 14 6 2010 20 16 18 114 50 120 164 8 18 2010 86 2 98 161 111 17 42 73 18 95 27 2012 9 35 6 17 41 11 5 11 8 10 14 4 15 22 7 23 18 10 10 82 16 16 8 2011 20 16 21 126 49 61 58 8 21 2011 79 2 102 141 100 17 38 65 19 83 34 2013 9 28 6 18 41 12 6 11 9 9 17 3 15 16 8 22 19 10 11 58 16 14 9 2012 24 21 22 139 49 68 55 8 24 2012 78 2 121 127 93 16 34 62 40 79 43 2014 10 27 6 19 41 12 7 13 11 9 20 3 14 9 9 15 19 12 7 26 17 16 9 2013 24 20 22 154 48 74 58 7 24 2013 78 2 131 125 89 14 34 63 115 76 55 10 23 6 20 41 13 8 10 10 9 22 4 15 10 8 13 19 12 6 32 17 18 10 2014 23 20 22 170 49 82 64 7 24 2014 77 2 125 115 90 15 34 63 208 75 57 Data source: Eni’s calculations. The original data are from Enerdata Global Energy & CO2 Data, Monthly Oil Data Services © OECD/International Energy Agency, 2015 and other sources The original data are from Italian Ministry for Economic Development and Monthly Oil Data Services © OECD/International Energy Agency, 2015 World Oil and Gas Review 2015 16 Oil Reserves/Production Ratio Countries(*) (years) 2000 Africa Algeria Angola Cameroon Chad Congo Côte d'Ivoire Dem. Rep. Congo Egypt Equatorial Guinea Gabon Ghana Libya Mauritania Morocco Nigeria Sudan Tunisia 2005 32 22 22 10 16 39 22 11 28 25 7 67 31 17 20 12 24 17 7 20 15 9 25 8 66 20 37 4 11 4 39 5 12 2000 Asia - Pacific Australia Bangladesh Brunei China India Indonesia Japan Malaysia Myanmar New Zealand Pakistan Papua New Guinea Philippines Taiwan Thailand Vietnam (*) 2010 2005 16 17 39 19 20 17 9 9 15 11 8 10 15 11 5 16 14 19 13 18 14 20 11 9 10 6 6 12 12 10 12 3 22 2011 33 19 14 9 32 15 6 20 17 11 21 264 78 30 12 39 29 14 2010 2012 37 20 14 9 31 15 6 21 17 12 22 24 271 7 8 38 30 17 2011 2013 35 21 13 9 30 15 6 20 16 11 22 22 90 8 8 39 122 17 2012 2014 38 21 14 8 32 16 8 21 16 11 23 17 139 10 8 41 64 18 2013 40 21 13 7 34 16 10 22 17 11 23 17 266 11 8 42 51 19 2014 14 19 15 20 14 17 11 7 15 7 5 13 8 11 15 22 16 18 14 16 11 7 17 8 5 11 17 11 16 22 17 19 16 17 11 7 16 8 5 10 16 14 16 27 18 22 16 18 11 9 17 9 5 15 18 16 16 21 19 24 16 18 12 9 16 9 4 17 14 9 3 38 3 38 3 34 3 35 3 39 Data source: Eni’s calculations. The original data are from Enerdata Global Energy & CO2 Data and Monthly Oil Data Services © OECD/International Energy Agency, 2015 World Oil and Gas Review 2015 17 Oil Reserves/Production Ratio Countries(*) (years) 2000 2005 2010 2011 2012 2013 2014 Americas 43 42 68 67 64 61 57 Argentina 10 8 9 10 12 12 10 Barbados 8 8 5 7 7 10 10 Bolivia 28 21 25 11 10 10 9 Brazil 17 18 16 17 17 17 16 182 161 144 135 127 119 112 45 54 31 32 36 39 48 8 8 7 6 6 6 7 Cuba 15 38 6 6 6 7 7 Ecuador 31 27 42 45 45 47 41 Guatemala 69 78 19 21 23 25 28 Mexico 22 9 10 10 10 10 10 Canada Chile Colombia Peru Suriname Trinidad and Tobago United States Venezuela (*) (**) (**) 8 22 9 11 10 10 12 20 25 10 10 11 16 16 13 15 13 14 17 17 18 8 9 9 10 10 10 10 65 71 293 296 298 300 308 Data source: Eni’s calculations. The original data are from Enerdata Global Energy & CO2 Data and Monthly Oil Data Services © OECD/International Energy Agency, 2015 The original data are from EIA DOE and Monthly Oil Data Services © OECD/International Energy Agency, 2015 World Oil and Gas Review 2015 18 Oil Consumption Areas and Aggregates (*) (thousand barrels/day) 2000 Europe 2005 2010 2011 2012 2013 2014 Δ y/y (2014-2013) CAGR (2014-2000) 16,345 16,981 15,909 15,507 15,013 14,892 14,680 -1.4% Russia and Central Asia 3,300 3,354 3,662 3,976 4,045 4,203 4,311 2.6% 1.9% Middle East 4,967 6,120 7,552 7,718 8,036 8,160 8,362 2.5% 3.8% Africa -0.8% 2,472 2,933 3,622 3,580 3,777 3,824 3,905 2.1% 3.3% Asia - Pacific 21,001 24,295 27,716 28,506 29,678 30,055 30,417 1.2% 2.7% Americas 29,093 30,878 30,238 30,217 30,016 30,725 30,844 0.4% 0.4% - North America - Latin America 22,007 7,087 23,437 7,441 21,760 8,479 21,558 8,658 21,168 8,848 21,704 9,021 21,756 9,087 0.2% 0.7% -0.1% 1.8% World 77,179 84,562 88,700 89,502 90,563 91,859 92,519 0.7% 1.3% 14,664 15,164 14,066 13,647 13,162 12,993 12,813 -1.4% -1.0% 6,221 7,577 9,357 9,429 9,890 10,031 10,287 2.5% 3.7% European Union MENA OECD 48,514 50,403 46,966 46,419 45,928 46,095 45,625 -1.0% -0.4% NON OECD 28,665 34,159 41,734 43,084 44,635 45,764 46,894 2.5% 3.6% OPEC NON OPEC 5,486 6,789 8,472 8,452 8,917 9,069 9,299 2.5% 3.8% 71,694 77,772 80,227 81,050 81,646 82,790 83,219 0.5% 1.1% World Oil Consumption (2014) 92,519 thousand barrels/day World Oil Consumption Growth (2010-2014 ) 15,340 thousand barrels/day (*) Data source: Eni’s calculations on Monthly Oil Data Services © OECD/International Energy Agency, 2015 data World Oil and Gas Review 2015 19 Oil Consumption The World Top 10 Consumers(*) (thousand barrels/day) 2000 United States 2005 2010 2011 2012 2013 2014 Δ y/y (2014-2013) CAGR (2014-2000) 19,999 21,168 19,476 19,248 18,814 19,265 19,343 0.4% China 4,642 6,748 8,990 9,378 9,819 10,118 10,421 3.0% -0.2% 5.9% Japan 5,480 5,298 4,429 4,443 4,705 4,521 4,297 -5.0% -1.7% India 2,336 2,632 3,429 3,578 3,755 3,774 3,860 2.3% 3.7% Russia 2,702 2,732 3,082 3,357 3,395 3,533 3,637 2.9% 2.1% Brazil 2,135 2,173 2,774 2,869 2,968 3,096 3,218 3.9% 3.0% Saudi Arabia 1,571 1,941 2,674 2,777 2,969 3,019 3,216 6.5% 5.3% Canada 2,008 2,269 2,283 2,310 2,354 2,439 2,413 -1.1% 1.3% Germany 2,767 2,624 2,467 2,392 2,389 2,435 2,399 -1.5% -1.0% South Korea 2,135 2,191 2,269 2,259 2,322 2,324 2,350 1.1% 0.7% 45,774 49,776 51,873 52,612 53,489 54,526 55,154 1.2% 1.3% 31,405 34,785 36,827 36,890 37,074 37,334 37,365 0.1% 1.2% 77,179 84,562 88,700 89,502 90,563 91,859 92,519 0.7% 1.3% The World Top 10 Rest of the World World The World Top 10 (2014) (*) Data source: Monthly Oil Data Services © OECD/International Energy Agency, 2015 World Oil and Gas Review 2015 20 Oil Consumption Countries(*) (thousand barrels/day) 2000 Europe Albania Austria Belarus Belgium Bosnia Herzegovina Bulgaria Croatia Cyprus Czech Republic Denmark Estonia Finland France Germany Gibraltar Greece Hungary Iceland Ireland Italy Latvia Lithuania Luxembourg Macedonia Malta Moldova Netherlands Norway Poland Portugal Romania Serbia and Montenegro Slovakia Slovenia Spain Sweden Switzerland Turkey Ukraine United Kingdom 16,345 21 250 134 606 23 86 82 50 170 210 21 214 2,001 2,767 22 399 143 18 170 1,854 28 54 48 19 29 9 855 209 411 333 206 36 67 50 1,433 362 274 667 249 1,765 2000 Russia and Central Asia Russia Armenia Azerbaijan Georgia Kazakhstan Kyrgyzstan Tajikistan Turkmenistan Uzbekistan (*) 3,300 2,702 34 131 15 186 10 22 60 140 2005 16,981 29 299 154 660 23 99 94 57 213 183 26 219 1,990 2,624 32 424 155 19 192 1,781 32 62 65 18 32 13 1,009 222 471 337 224 99 78 54 1,607 360 272 659 277 1,819 2005 3,354 2,732 40 104 14 206 12 29 86 131 2010 15,909 25 278 147 667 33 84 78 57 201 167 26 214 1,833 2,467 50 372 149 21 161 1,544 35 53 60 18 46 16 1,020 222 565 274 176 99 84 56 1,441 336 266 650 295 1,620 2010 3,662 3,082 9 80 20 226 26 11 130 79 2011 15,507 25 264 186 629 33 80 78 56 197 164 26 208 1,793 2,392 53 351 143 21 143 1,494 35 59 61 19 42 17 1,019 226 557 256 184 98 82 55 1,385 315 247 655 279 1,578 2011 3,976 3,357 48 84 20 214 34 14 109 97 2012 15,013 22 260 180 606 31 85 72 53 194 155 29 198 1,772 2,389 54 306 133 18 136 1,370 31 70 59 19 43 19 1,011 217 527 227 182 87 71 54 1,301 300 251 689 265 1,528 2012 4,045 3,395 45 82 16 241 32 14 117 102 2013 14,892 22 263 177 613 32 81 72 50 188 155 30 198 1,767 2,435 57 284 135 17 141 1,315 32 71 59 19 43 20 992 224 511 241 183 88 71 51 1,205 300 264 724 254 1,507 2013 4,203 3,533 47 89 16 245 33 15 126 100 2014 14,680 22 261 179 619 32 85 73 48 201 154 32 196 1,706 2,399 60 283 141 17 142 1,235 32 72 57 20 44 20 960 227 510 244 187 91 73 49 1,209 295 238 705 256 1,505 2014 4,311 3,637 47 89 16 246 33 15 126 101 Δ y/y (2014-2013) -1.4% -0.1% -1.0% 0.6% 1.0% 2.9% 4.6% 1.1% -4.0% 7.0% -0.4% 8.2% -1.1% -3.5% -1.5% 5.6% -0.2% 4.4% -1.8% 0.7% -6.1% 0.6% 0.6% -3.7% 4.2% 1.7% 0.6% -3.2% 1.2% -0.1% 1.3% 2.0% 2.9% 3.5% -2.8% 0.4% -1.5% -9.5% -2.7% 0.6% -0.2% Δ y/y (2014-2013) 2.6% 2.9% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% CAGR (2014-2000) -0.8% 0.5% 0.3% 2.1% 0.1% 2.6% -0.1% -0.9% -0.3% 1.2% -2.2% 3.0% -0.6% -1.1% -1.0% 7.4% -2.4% -0.1% -0.6% -1.3% -2.9% 1.1% 2.0% 1.2% 0.4% 3.1% 5.9% 0.8% 0.6% 1.6% -2.2% -0.7% 6.8% 0.7% -0.2% -1.2% -1.4% -1.0% 0.4% 0.2% -1.1% CAGR (2014-2000) 1.9% 2.1% 2.4% -2.7% 0.4% 2.0% 8.9% -3.0% 5.5% -2.3% Data source: Monthly Oil Data Services © OECD/International Energy Agency, 2015 World Oil and Gas Review 2015 21 Oil Consumption Countries(*) (thousand barrels/day) 2000 Middle East Bahrain Iran Iraq Israel Jordan Kuwait Lebanon Oman Qatar Saudi Arabia Syria United Arab Emirates Yemen 4,967 34 1,377 469 252 101 216 93 64 48 1,571 228 416 98 2000 Africa Algeria Angola Benin Cameroon Congo Côte d'Ivoire Dem. Rep. Congo Egypt Ethiopia Gabon Ghana Kenya Libya Morocco Mozambique Nigeria Senegal South Africa Sudan Tanzania Tunisia Zambia Zimbabwe Others Africa (*) 2,472 240 37 10 21 4 27 8 539 23 14 39 61 244 147 10 224 31 436 43 18 84 11 23 180 2005 6,120 64 1,679 534 233 111 327 97 72 89 1,941 324 510 139 2005 2,933 271 42 19 22 6 24 13 638 33 15 49 61 264 193 11 300 36 504 77 30 91 13 14 206 2010 7,552 65 1,831 650 251 103 448 120 150 181 2,674 299 621 159 2010 3,622 352 106 35 35 12 24 16 804 45 17 73 86 304 258 16 289 38 598 112 35 88 13 13 255 2011 7,718 65 1,798 694 248 131 458 124 179 174 2,777 286 650 135 2011 3,580 367 105 36 36 14 21 19 798 49 17 73 88 187 277 18 287 38 625 107 41 83 15 14 264 2012 8,036 71 1,799 749 280 147 472 140 186 209 2,969 215 669 129 2012 3,777 395 110 38 37 14 33 20 834 52 17 91 84 262 279 18 298 38 612 105 49 85 19 15 272 2013 8,160 72 1,821 801 237 150 456 144 198 214 3,019 211 706 131 2013 3,824 401 119 40 39 14 34 18 863 56 18 96 87 232 290 19 302 39 599 105 51 86 19 15 284 2014 8,362 73 1,817 759 235 153 446 147 208 237 3,216 196 744 133 2014 3,905 433 129 43 40 17 36 18 881 59 19 101 90 224 300 20 288 40 587 109 54 87 20 15 295 Δ y/y (2014-2013) 2.5% 0.9% -0.2% -5.2% -1.2% 1.6% -2.1% 2.4% 4.9% 10.8% 6.5% -7.1% 5.3% 1.5% Δ y/y (2014-2013) 2.1% 7.8% 8.5% 6.0% 4.2% 23.5% 4.5% 2.0% 2.2% 5.4% 5.9% 5.2% 3.8% -3.3% 3.4% 6.2% -4.5% 2.8% -2.0% 3.8% 5.6% 1.4% 3.5% 0.2% 4.1% CAGR (2014-2000) 3.8% 5.5% 2.0% 3.5% -0.5% 3.0% 5.3% 3.3% 8.8% 12.0% 5.3% -1.1% 4.2% 2.2% CAGR (2014-2000) 3.3% 4.3% 9.3% 10.6% 4.6% 10.6% 2.1% 6.2% 3.6% 7.0% 2.5% 7.1% 2.8% -0.6% 5.2% 5.1% 1.8% 1.7% 2.2% 6.9% 8.3% 0.2% 4.6% -3.2% 3.6% Data source: Monthly Oil Data Services © OECD/International Energy Agency, 2015 World Oil and Gas Review 2015 22 Oil Consumption Countries(*) (thousand barrels/day) 2000 Asia - Pacific Australia Bangladesh Brunei China Hong Kong India Indonesia Japan Malaysia Myanmar Nepal New Zealand North Korea Pakistan Philippines Singapore South Korea Sri Lanka Taiwan Thailand Vietnam Others Asia - Pacific Americas (*) 2010 2011 2012 2013 2014 Δ y/y (2014-2013) CAGR (2014-2000) 21,001 24,295 27,716 28,506 29,678 30,055 30,417 1.2% 2.7% 872 66 13 4,642 250 2,336 1,153 5,480 445 37 15 134 20 374 350 729 2,135 76 869 748 165 93 964 80 14 6,748 290 2,632 1,342 5,298 509 42 16 153 18 336 312 859 2,191 96 993 1,008 267 126 1,005 81 16 8,990 425 3,429 1,527 4,429 620 24 22 153 17 410 314 1,163 2,269 87 1,027 1,128 414 166 1,048 103 18 9,378 373 3,578 1,619 4,443 677 25 23 155 17 407 303 1,230 2,259 100 950 1,180 432 186 1,073 109 17 9,819 355 3,755 1,726 4,705 656 45 25 153 16 424 309 1,219 2,322 108 940 1,249 454 200 1,082 113 18 10,118 372 3,774 1,780 4,521 657 47 26 154 16 438 321 1,244 2,324 113 983 1,263 480 209 1,082 118 18 10,421 366 3,860 1,815 4,297 684 49 27 157 16 447 337 1,268 2,350 118 989 1,277 505 217 0.0% 4.0% 4.2% 3.0% -1.6% 2.3% 1.9% -5.0% 4.1% 4.0% 4.0% 1.9% 0.0% 2.0% 5.0% 1.9% 1.1% 4.1% 0.6% 1.1% 5.1% 4.0% 1.6% 4.2% 2.6% 5.9% 2.8% 3.7% 3.3% -1.7% 3.1% 2.0% 4.3% 1.1% -1.8% 1.3% -0.3% 4.0% 0.7% 3.2% 0.9% 3.9% 8.3% 6.3% 2000 Argentina Bolivia Brazil Canada Chile Colombia Costa Rica Cuba Dominican Republic Ecuador El Salvador Guatemala Haiti Honduras Jamaica Mexico Netherlands Antilles Nicaragua Panama Paraguay Peru Trinidad and Tobago United States Uruguay Venezuela Others Americas 2005 2005 2010 2011 2012 2013 2014 Δ y/y (2014-2013) CAGR (2014-2000) 29,093 30,878 30,238 30,217 30,016 30,725 30,844 0.4% 0.4% 549 40 2,135 2,008 240 270 37 196 123 147 37 61 10 28 66 2,096 75 24 84 23 163 29 19,999 43 497 113 570 47 2,173 2,269 272 263 46 178 119 193 45 72 14 43 70 2,117 79 27 87 25 160 47 21,168 43 639 112 691 63 2,774 2,283 323 267 49 182 114 244 44 71 14 46 51 2,080 73 29 123 35 202 47 19,476 53 774 130 714 67 2,869 2,310 332 307 50 176 114 245 45 72 15 47 53 2,113 80 30 132 37 214 47 19,248 60 710 130 758 72 2,968 2,354 340 316 50 179 115 251 46 72 16 51 51 2,086 81 29 131 38 223 44 18,814 66 735 131 777 76 3,096 2,439 339 332 51 181 116 259 47 74 16 52 51 2,044 82 30 136 41 234 44 19,265 67 740 134 768 79 3,218 2,413 323 329 53 182 118 267 48 76 17 54 52 1,966 84 31 141 43 248 45 19,343 69 740 137 -1.2% 4.8% 3.9% -1.1% -4.6% -0.9% 2.7% 1.0% 1.5% 3.2% 2.2% 2.7% 3.0% 3.0% 1.5% -3.8% 2.3% 3.6% 3.3% 3.7% 5.9% 1.8% 0.4% 2.3% 0.0% 2.2% 2.4% 5.0% 3.0% 1.3% 2.2% 1.4% 2.6% -0.5% -0.3% 4.3% 1.8% 1.6% 3.7% 4.7% -1.7% -0.5% 0.9% 1.9% 3.7% 4.6% 3.0% 3.1% -0.2% 3.5% 2.9% 1.4% Data source: Monthly Oil Data Services © OECD/International Energy Agency, 2015 World Oil and Gas Review 2015 23 Oil Per Capita Consumption Areas and Aggregates (*) (barrels) 2000 2005 2010 2011 2012 2013 2014 Europe Russia and Central Asia Middle East Africa Asia - Pacific Americas 9.31 5.53 10.91 1.23 2.25 12.75 9.49 5.62 11.94 1.30 2.45 12.75 8.71 6.02 12.98 1.42 2.66 11.83 8.47 6.52 12.97 1.39 2.71 11.70 8.17 6.61 13.23 1.43 2.80 11.51 8.09 6.85 13.18 1.41 2.81 11.67 7.95 7.00 13.25 1.41 2.81 11.60 - North America - Latin America 25.63 4.98 26.03 4.89 23.09 5.25 22.70 5.30 22.12 5.36 22.52 5.40 22.40 5.38 4.60 4.74 4.69 4.68 4.68 4.69 4.67 11.11 11.26 10.25 9.92 9.54 9.40 9.24 7.39 8.17 9.09 8.98 9.25 9.21 9.28 OECD NON OECD 15.36 2.11 15.38 2.35 13.83 2.69 13.59 2.74 13.37 2.81 13.34 2.84 13.13 2.87 OPEC NON OPEC 6.14 4.52 6.78 4.62 7.50 4.51 7.31 4.51 7.54 4.50 7.50 4.51 7.52 4.49 World European Union MENA Per Capita Consumption (2014) (*) Data source: Eni’s calculations. The original data are from Monthly Oil Data Services © OECD/International Energy Agency, 2015 and IHS Global Insight World Oil and Gas Review 2015 24 Oil Per Capita Consumption The World Top 10 Consumers Ranked by Per Capita Consumption(*) (barrels) 2000 2005 2010 2011 2012 2013 2014 Saudi Arabia 28.46 28.70 35.81 36.51 38.31 38.23 39.96 Canada 23.91 25.72 24.54 24.58 24.76 25.36 24.81 United States 25.81 26.06 22.93 22.50 21.83 22.20 22.13 South Korea 16.95 17.01 17.09 16.92 17.29 17.22 17.32 Japan 15.91 15.23 12.69 12.74 13.50 12.98 12.35 Germany 12.29 11.61 11.01 10.68 10.65 10.82 10.63 Russia 6.72 6.93 7.83 8.54 8.66 9.03 9.32 Brazil 4.47 4.26 5.19 5.32 5.45 5.64 5.81 China 1.34 1.88 2.45 2.54 2.65 2.71 2.78 India 0.82 0.85 1.04 1.07 1.11 1.10 1.11 The World Top 10 (2014) (*) Data source: Eni’s calculations. The original data are from Monthly Oil Data Services © OECD/International Energy Agency, 2015 and IHS Global Insight World Oil and Gas Review 2015 25 Oil Per Capita Consumption Countries(*) (barrels) 2000 2005 2010 2011 2012 2013 2014 Europe 9.31 9.49 8.71 8.47 8.17 8.09 Albania 2.49 3.50 3.23 3.26 2.91 2.94 7.95 2.82 Austria 11.41 13.26 12.12 11.47 11.25 11.34 11.14 Belarus 4.89 5.83 5.64 7.19 7.00 6.92 7.00 Belgium 21.55 22.92 22.26 20.85 20.01 20.14 20.26 Bosnia Herzegovina 2.20 2.21 3.15 3.15 2.94 3.01 3.10 Bulgaria 3.91 4.68 4.17 3.97 4.26 4.09 4.31 Croatia 6.71 7.81 6.55 6.56 6.09 6.13 6.23 Cyprus 19.30 20.00 18.87 18.47 16.98 15.99 15.19 Czech Republic Denmark 6.03 7.59 6.99 6.85 6.73 6.52 6.97 14.36 12.36 11.01 10.74 10.14 10.05 9.97 Estonia 5.70 7.17 7.44 7.33 8.24 8.43 9.15 Finland 15.11 15.24 14.54 14.07 13.39 13.35 13.16 France 12.37 11.88 10.64 10.35 10.18 10.10 9.70 Germany 12.29 11.61 11.01 10.68 10.65 10.82 10.63 Greece 13.26 14.01 12.24 11.52 10.04 9.32 9.30 5.12 5.59 5.44 5.23 4.88 4.97 5.21 23.90 23.96 24.23 24.17 19.81 18.86 18.31 Hungary Iceland Ireland 16.31 16.85 13.19 11.56 10.87 11.16 11.12 Italy 11.93 11.13 9.36 9.02 8.25 7.91 7.42 Latvia 4.25 5.24 6.14 6.10 5.52 5.68 5.75 Lithuania 5.64 6.85 6.30 7.12 8.42 8.64 8.72 40.17 50.74 43.14 43.05 40.57 39.33 37.01 3.35 3.17 3.20 3.29 3.22 3.28 3.42 26.66 28.81 40.60 36.53 37.26 36.79 38.06 Luxembourg Macedonia Malta Moldova 0.92 1.34 1.65 1.72 1.94 2.07 2.09 Netherlands 19.66 22.59 22.41 22.32 22.09 21.61 20.87 Norway 17.01 17.50 16.59 16.66 15.88 16.21 16.25 Poland 3.91 4.50 5.40 5.32 5.03 4.88 4.87 Portugal 11.78 11.70 9.43 8.83 7.81 8.30 8.41 Romania 3.37 3.69 2.94 3.09 3.06 3.08 3.15 Serbia and Montenegro 1.61 4.48 4.55 4.54 4.04 4.14 4.27 Slovakia 4.51 5.32 5.62 5.55 4.76 4.77 4.94 Slovenia 9.20 9.80 9.86 9.74 9.47 8.90 8.63 12.92 13.30 11.19 10.71 10.05 9.35 9.35 Spain Sweden 14.88 14.53 13.06 12.16 11.51 11.42 11.19 Switzerland 13.92 13.33 12.39 11.37 11.44 11.90 10.63 Turkey 3.85 3.55 3.29 3.27 3.40 3.53 3.39 Ukraine 1.85 2.15 2.34 2.22 2.13 2.05 2.08 10.94 10.99 9.42 9.10 8.76 8.58 8.51 United Kingdom 2000 2005 2010 2011 2012 2013 2014 Russia and Central Asia Russia Armenia Azerbaijan Georgia Kazakhstan Kyrgyzstan Tajikistan Turkmenistan 5.53 6.72 4.00 5.89 1.17 4.67 0.74 1.32 4.84 5.62 6.93 4.77 4.43 1.11 5.00 0.89 1.54 6.63 6.02 7.83 1.03 3.20 1.69 5.18 1.76 0.51 9.39 6.52 8.54 5.59 3.34 1.65 4.85 2.27 0.65 7.78 6.61 8.66 5.32 3.21 1.37 5.40 2.14 0.63 8.26 6.85 9.03 5.47 3.44 1.34 5.44 2.19 0.64 8.74 7.00 9.32 5.49 3.42 1.35 5.42 2.17 0.63 8.69 Uzbekistan 2.05 1.84 1.04 1.26 1.30 1.26 1.25 (*) Data source: Eni’s calculations. The original data are from Monthly Oil Data Services © OECD/International Energy Agency, 2015 and IHS Global Insight World Oil and Gas Review 2015 26 Oil Per Capita Consumption Countries(*) (barrels) 2000 2005 2010 2011 2012 2013 2014 Middle East 10.91 11.94 12.98 12.97 13.23 13.18 13.25 Bahrain 18.76 26.54 19.00 18.26 19.66 19.73 19.72 Iran 7.63 8.73 8.97 8.70 8.59 8.58 8.45 Iraq 7.18 7.11 7.66 7.95 8.34 8.66 7.97 15.32 12.90 12.36 11.98 13.38 11.20 10.94 Israel Jordan 7.71 7.77 5.84 7.10 7.68 7.53 7.42 Kuwait 41.33 52.03 54.61 53.48 52.98 49.38 46.80 10.81 Lebanon 10.55 8.85 10.10 10.12 11.02 10.88 Oman 10.58 10.48 19.48 21.62 20.53 19.94 19.34 Qatar 29.71 39.46 37.82 33.31 37.17 35.95 38.09 Saudi Arabia 28.46 28.70 35.81 36.51 38.31 38.23 39.96 5.08 6.50 5.07 4.79 3.58 3.52 3.26 50.13 44.91 26.84 26.57 26.52 27.58 28.74 2.05 2.51 2.55 2.11 1.98 1.96 1.94 Syria United Arab Emirates Yemen 2000 2005 2010 2011 2012 2013 2014 Africa 1.23 1.30 1.42 1.39 1.43 1.41 1.41 Algeria 2.76 2.91 3.46 3.55 3.75 3.73 3.95 Angola 0.97 0.93 1.98 1.91 1.93 2.02 2.12 Benin 0.55 0.85 1.33 1.35 1.38 1.43 1.47 Cameroon 0.49 0.45 0.61 0.62 0.63 0.63 0.64 Congo 0.49 0.67 1.10 1.17 1.21 1.14 1.37 Côte d'Ivoire 0.61 0.51 0.46 0.40 0.60 0.62 0.63 Dem. Rep. Congo 0.06 0.08 0.09 0.11 0.11 0.09 0.09 Egypt 2.97 3.24 3.76 3.67 3.77 3.84 3.86 Ethiopia 0.12 0.15 0.18 0.19 0.20 0.21 0.22 Gabon 4.09 3.96 4.06 3.99 3.83 3.98 4.11 Ghana 0.75 0.84 1.09 1.07 1.31 1.36 1.40 Kenya 0.71 0.62 0.77 0.77 0.71 0.72 0.72 Libya 17.19 17.21 18.36 11.17 15.53 13.63 13.08 Morocco 1.86 2.34 2.97 3.15 3.13 3.20 3.26 Mozambique 0.20 0.19 0.25 0.27 0.25 0.26 0.27 Nigeria 0.66 0.78 0.66 0.64 0.64 0.64 0.59 Senegal 1.16 1.17 1.07 1.05 1.00 1.00 1.00 South Africa 3.54 3.81 4.24 4.39 4.26 4.14 4.03 Sudan 0.46 0.73 0.94 1.14 1.09 1.07 1.09 Tanzania 0.19 0.28 0.28 0.32 0.36 0.37 0.38 Tunisia 3.23 3.31 3.02 2.80 2.85 2.85 2.86 Zambia 0.38 0.42 0.35 0.41 0.48 0.48 0.48 Zimbabwe 0.68 0.41 0.36 0.38 0.39 0.38 0.37 (*) Data source: Eni’s calculations. The original data are from Monthly Oil Data Services © OECD/International Energy Agency, 2015 and IHS Global Insight World Oil and Gas Review 2015 27 Oil Per Capita Consumption Countries(*) (barrels) 2000 Asia - Pacific Australia 2010 2011 2012 2013 2014 2.25 2.45 2.66 2.71 2.80 2.81 2.81 16.53 17.15 16.38 16.82 17.00 16.92 16.71 Bangladesh Brunei 2005 0.18 0.20 0.20 0.25 0.26 0.26 0.27 14.03 13.53 14.97 15.81 15.22 15.39 15.83 China 1.34 1.88 2.45 2.54 2.65 2.71 2.78 13.35 15.36 22.00 19.21 18.11 18.86 18.41 India 0.82 0.85 1.04 1.07 1.11 1.10 1.11 Indonesia 2.01 2.18 2.32 2.42 2.55 2.60 2.62 15.91 15.23 12.69 12.74 13.50 12.98 12.35 Hong Kong Japan Malaysia 6.94 7.19 8.00 8.60 8.19 8.07 8.27 Myanmar 0.27 0.28 0.15 0.15 0.27 0.27 0.28 Nepal New Zealand 0.24 0.23 0.30 0.31 0.33 0.34 0.35 12.66 13.49 12.78 12.84 12.49 12.45 12.56 North Korea 0.32 0.28 0.25 0.25 0.24 0.23 0.23 Pakistan 0.95 0.78 0.86 0.84 0.86 0.88 0.88 Philippines 1.65 1.33 1.23 1.16 1.17 1.19 1.23 Singapore 67.92 69.72 83.57 86.49 83.88 83.91 83.86 South Korea 16.95 17.01 17.09 16.92 17.29 17.22 17.32 1.47 1.75 1.53 1.74 1.87 1.94 2.00 Taiwan 14.34 16.00 16.27 15.03 14.82 15.46 15.52 Thailand 4.38 5.61 6.20 6.47 6.83 6.88 6.94 Vietnam 0.74 1.15 1.70 1.75 1.83 1.91 1.99 Sri Lanka 2000 2005 2010 2011 2012 2013 2014 Americas 12.75 12.75 11.83 11.70 11.51 11.67 11.60 Argentina 5.43 5.38 6.24 6.39 6.73 6.84 6.70 Bolivia 1.72 1.82 2.26 2.37 2.49 2.59 2.67 Brazil 4.47 4.26 5.19 5.32 5.45 5.64 5.81 Canada 23.91 25.72 24.54 24.58 24.76 25.36 24.81 Chile 5.66 6.08 6.87 7.00 7.11 7.02 6.64 Colombia 2.48 2.23 2.10 2.39 2.42 2.52 2.46 Costa Rica 3.42 3.87 3.80 3.84 3.81 3.86 3.91 Cuba 6.44 5.75 5.89 5.70 5.80 5.85 5.91 Dominican Republic 5.20 4.65 4.16 4.10 4.10 4.09 4.10 Ecuador 4.29 5.12 5.93 5.87 5.91 6.00 6.10 El Salvador 2.28 2.69 2.57 2.60 2.65 2.68 2.72 Guatemala 1.98 2.08 1.80 1.78 1.75 1.75 1.75 Haiti 0.43 0.56 0.53 0.54 0.58 0.58 0.59 Honduras 1.65 2.27 2.19 2.19 2.33 2.35 2.38 Jamaica 9.28 9.55 6.73 7.03 6.75 6.70 6.77 Mexico 7.36 6.98 6.44 6.46 6.30 6.10 5.80 162.28 171.42 148.82 155.97 154.71 156.65 158.87 1.71 1.80 1.84 1.86 1.77 1.81 1.85 Panama 10.08 9.40 12.25 12.86 12.62 12.85 13.06 Paraguay 1.55 1.52 2.00 2.06 2.08 2.20 2.24 Peru 2.29 2.11 2.52 2.64 2.71 2.81 2.94 Trinidad and Tobago 8.41 13.33 12.91 12.86 11.91 12.04 12.23 Netherlands Antilles Nicaragua United States 25.81 26.06 22.93 22.50 21.83 22.20 22.13 Uruguay 4.70 4.70 5.73 6.49 7.07 7.22 7.36 Venezuela 7.44 8.73 9.73 8.79 8.95 8.88 8.76 (*) Data source: Eni’s calculations. The original data are from Monthly Oil Data Services © OECD/International Energy Agency, 2015 and IHS Global Insight World Oil and Gas Review 2015 28 Oil Production/Consumption Ratio Areas and Aggregates (*) 2000 2005 2010 2011 2012 2013 2014 Europe Russia and Central Asia Middle East Africa Asia - Pacific Americas 0.43 2.38 4.73 3.16 0.38 0.72 0.35 3.49 4.18 3.38 0.33 0.68 0.28 3.67 3.36 2.85 0.31 0.71 0.26 3.39 3.58 2.55 0.29 0.73 0.25 3.34 3.51 2.60 0.28 0.77 0.24 3.28 3.44 2.37 0.27 0.80 0.24 3.21 3.41 2.19 0.27 0.86 - North America - Latin America 0.49 1.45 0.43 1.46 0.51 1.22 0.54 1.21 0.61 1.17 0.65 1.14 0.74 1.14 World 0.97 0.97 0.94 0.95 0.96 0.95 0.96 European Union 0.24 0.18 0.15 0.13 0.12 0.12 0.12 MENA 4.38 3.95 3.16 3.24 3.24 3.13 3.05 OECD NON OECD 0.45 1.86 0.40 1.82 0.40 1.55 0.41 1.52 0.43 1.50 0.45 1.45 0.50 1.42 OPEC NON OPEC 5.61 0.62 5.12 0.61 4.09 0.61 4.23 0.60 4.21 0.60 4.05 0.61 3.94 0.63 Production/Consumption Ratio (2014) (*) Data source: Eni’s calculations. The original data are from Monthly Oil Data Services © OECD/International Energy Agency, 2015 World Oil and Gas Review 2015 29 Oil Production/Consumption Ratio The World Top 10 Producers Ranked by Production/Consumption Ratio(*) 2000 Kuwait 2005 2010 2011 2012 2013 2014 10.01 7.78 5.58 6.05 6.33 6.82 6.95 United Arab Emirates 6.31 5.87 4.56 4.95 5.06 4.96 4.81 Iraq 5.51 3.44 3.74 3.96 4.05 3.95 4.50 Saudi Arabia 5.95 5.61 3.73 4.04 3.95 3.84 3.62 Russia 2.42 3.53 3.39 3.16 3.15 3.08 3.01 Iran 2.73 2.52 2.30 2.32 1.97 1.81 1.89 Canada 1.36 1.34 1.46 1.53 1.59 1.63 1.74 Mexico 1.65 1.78 1.42 1.39 1.40 1.41 1.42 United States 0.40 0.33 0.40 0.42 0.48 0.53 0.61 China 0.70 0.54 0.45 0.44 0.43 0.41 0.40 The World Top 10 (2014) (*) Data source: Eni’s calculations. The original data are from Monthly Oil Data Services © OECD/International Energy Agency, 2015 World Oil and Gas Review 2015 30 Oil Production/Consumption Ratio Countries(*) 2000 Europe Albania Austria Belarus Bulgaria Croatia Czech Republic Denmark Estonia France Germany Greece Hungary Italy Netherlands Norway Poland Romania Serbia and Montenegro Slovakia Spain Turkey Ukraine United Kingdom 0.43 0.27 0.08 0.28 0.01 0.34 0.04 1.73 0.22 0.02 0.03 0.01 0.27 0.04 0.06 15.92 0.04 0.64 0.55 0.02 0.00 0.08 0.33 1.53 2000 Russia and Central Asia Russia Azerbaijan Georgia Kazakhstan Kyrgyzstan Tajikistan Turkmenistan Uzbekistan 2.38 2.42 2.15 0.14 3.85 0.15 0.02 2.65 1.25 2000 Middle East Bahrain Iran Iraq Kuwait Oman Qatar Saudi Arabia Syria United Arab Emirates Yemen (*) 4.73 5.75 2.73 5.51 10.01 15.08 17.80 5.95 2.51 6.31 4.57 2005 0.35 0.28 0.06 0.23 0.01 0.23 0.05 2.12 0.18 0.02 0.04 0.00 0.24 0.07 0.05 13.36 0.06 0.51 0.13 0.09 0.00 0.07 0.35 1.01 2005 3.49 3.53 4.31 0.10 6.27 0.18 0.01 2.33 0.90 2005 4.18 3.10 2.52 3.44 7.78 10.73 13.70 5.61 1.38 5.87 3.04 2010 0.28 0.49 0.09 0.23 0.01 0.25 0.03 1.52 0.38 0.02 0.03 0.01 0.17 0.07 0.04 9.61 0.03 0.52 0.18 0.06 0.00 0.07 0.27 0.84 2010 3.67 3.39 13.07 0.04 7.32 0.04 0.02 1.51 1.11 2010 3.36 2.94 2.30 3.74 5.58 5.82 9.20 3.73 1.29 4.56 1.92 2011 0.26 0.61 0.09 0.17 0.01 0.23 0.04 1.35 0.42 0.02 0.03 0.01 0.15 0.07 0.04 9.04 0.03 0.49 0.22 0.03 0.00 0.07 0.25 0.71 2011 3.39 3.16 10.98 0.04 7.86 0.05 0.04 1.81 0.80 2011 3.58 3.11 2.32 3.96 6.05 4.99 10.40 4.04 1.23 4.95 1.79 2012 0.25 0.75 0.09 0.17 0.01 0.23 0.04 1.29 0.41 0.02 0.03 0.01 0.18 0.08 0.04 8.82 0.04 0.49 0.23 0.03 0.01 0.07 0.29 0.62 2012 3.34 3.15 10.72 0.04 6.91 0.05 0.04 1.83 0.67 2012 3.51 2.59 1.97 4.05 6.33 4.96 9.63 3.95 0.80 5.06 1.46 2013 0.24 0.77 0.08 0.16 0.01 0.22 0.03 1.13 0.41 0.01 0.03 0.00 0.19 0.08 0.05 8.21 0.06 0.48 0.20 0.05 0.01 0.06 0.27 0.59 2013 3.28 3.08 9.98 0.04 6.99 0.04 0.04 1.90 0.68 2013 3.44 2.68 1.81 3.95 6.82 4.79 9.63 3.84 0.28 4.96 1.15 2014 0.24 0.91 0.08 0.15 0.01 0.21 0.02 1.07 0.43 0.01 0.03 0.00 0.14 0.09 0.04 8.35 0.06 0.47 0.19 0.06 0.01 0.07 0.24 0.58 2014 3.21 3.01 9.77 0.04 6.85 0.04 0.04 1.99 0.67 2014 3.41 2.62 1.89 4.50 6.95 4.56 8.60 3.62 0.17 4.81 1.09 Data source: Eni’s calculations. The original data are from Monthly Oil Data Services © OECD/International Energy Agency, 2015 World Oil and Gas Review 2015 31 Oil Production/Consumption Ratio Countries(*) 2000 Africa Algeria Angola Cameroon Congo Côte d'Ivoire Dem. Rep. Congo Egypt Gabon Ghana Libya Nigeria South Africa Sudan Tunisia 3.16 5.99 20.11 5.33 63.44 0.26 2.91 1.35 20.07 0.18 6.04 9.66 0.46 4.12 0.92 2000 Asia - Pacific Australia Bangladesh Brunei China India Indonesia Malaysia Myanmar New Zealand Pakistan Philippines South Korea Thailand Vietnam 0.38 0.92 0.06 15.29 0.70 0.33 1.27 1.60 0.33 0.33 0.15 0.00 0.01 0.26 2.02 2000 Americas Argentina Bolivia Brazil Canada Chile Colombia Cuba Ecuador Guatemala Mexico Peru Trinidad and Tobago United States Venezuela (*) 0.72 1.51 0.97 0.60 1.36 0.04 2.55 0.26 2.74 0.35 1.65 0.64 4.90 0.40 6.47 2005 3.38 7.14 29.63 3.99 38.14 1.66 1.96 1.06 18.08 0.12 6.52 8.48 0.41 3.97 0.80 2005 0.33 0.57 0.07 15.09 0.54 0.29 0.81 1.56 0.53 0.16 0.19 0.13 0.00 0.29 1.44 2005 0.68 1.39 1.24 0.78 1.34 0.03 2.01 0.30 2.76 0.26 1.78 0.73 3.82 0.33 4.84 2010 2.85 4.89 17.14 1.86 24.19 1.89 1.53 0.91 14.76 0.09 5.47 9.04 0.24 4.16 0.95 2010 0.31 0.56 0.06 9.32 0.45 0.26 0.65 1.16 0.78 0.39 0.16 0.11 0.01 0.34 0.77 2010 0.71 1.06 0.81 0.77 1.46 0.04 2.95 0.31 1.92 0.17 1.42 0.77 3.16 0.40 3.58 2011 2.55 4.56 16.42 1.67 22.33 2.14 1.23 0.91 14.58 1.06 2.60 9.40 0.19 4.23 0.85 2011 0.29 0.47 0.05 9.61 0.44 0.26 0.58 0.97 0.69 0.32 0.17 0.11 0.01 0.35 0.73 2011 0.73 0.95 0.78 0.77 1.53 0.04 2.99 0.31 2.03 0.15 1.39 0.71 2.98 0.42 3.87 2012 2.60 4.10 16.82 1.73 20.07 1.29 1.20 0.90 14.30 0.89 5.64 8.81 0.21 1.08 0.82 2012 0.28 0.45 0.04 9.24 0.43 0.24 0.53 1.03 0.38 0.31 0.16 0.09 0.01 0.32 0.78 2012 0.77 0.87 0.78 0.73 1.59 0.03 3.00 0.29 2.00 0.14 1.40 0.69 2.75 0.48 3.72 2013 2.37 3.92 15.11 1.78 20.23 1.00 1.34 0.85 12.95 1.08 4.11 8.13 0.19 2.04 0.75 2013 0.27 0.37 0.04 7.67 0.41 0.23 0.49 0.98 0.34 0.27 0.14 0.08 0.01 0.37 0.72 2013 0.80 0.81 0.76 0.69 1.63 0.03 3.04 0.28 2.00 0.12 1.41 0.71 2.64 0.53 3.68 2014 2.19 3.65 13.48 1.89 16.39 0.76 1.26 0.79 12.25 1.06 2.22 8.42 0.19 2.47 0.69 2014 0.27 0.39 0.03 6.87 0.40 0.23 0.46 0.98 0.31 0.30 0.14 0.12 0.01 0.36 0.61 2014 0.86 0.81 0.76 0.73 1.74 0.03 3.02 0.26 2.06 0.11 1.42 0.70 2.50 0.61 3.61 Data source: Eni’s calculations. The original data are from Monthly Oil Data Services © OECD/International Energy Agency, 2015 World Oil and Gas Review 2015 32 Oil (*) 2013 2014 2013 2014 2012 2011 2011 2010 2010 2009 2008 2007 2006 2005 2004 40,000 2014 40,000 2013 80,000 2012 80,000 2011 120,000 2010 120,000 2009 160,000 2008 160,000 2007 200,000 2006 200,000 2005 240,000 2004 240,000 2003 280,000 2002 280,000 2001 320,000 2000 320,000 2003 (no. contracts) 2002 (no. contracts) 2001 CME WTI Open Interests(*) 2000 Ice Brent Open Interests(*) 2009 2008 2007 2006 2005 -25 2000 0 2014 -20 2013 20 2012 -15 2011 40 2010 -10 2009 60 2008 -5 2007 80 2006 0 2005 100 2004 5 2003 120 2002 10 2001 2000 140 2004 (US$/barrel) 2003 (US$/barrel) 2002 WTI vs Brent 1 Month Differential(*) 2001 Ice Brent Price 1 Month(*) 2012 Crude Future Prices and Open Interests Data source: ICE London and CME New York World Oil and Gas Review 2015 33 natural gas Reserves Production Reserves/Production Ratio Consumption Per Capita Consumption Production/Consumption Ratio Exports Imports Traded Gas LNG - Liquefaction and Regasification Capacity Natural Gas Balance - Italy World Oil and Gas Review 2015 Natural Gas Reserves Areas and Aggregates (*) (billion cubic metres as at 31st December) 2000 Europe 2005 2010 2011 2012 2013 2014 ∆ y/y (2014-2013) CAGR (2014-2000) 8,540 7,336 6,364 5,704 5,590 5,369 5,078 -5.4% -3.6% Russia and Central Asia 51,507 52,618 60,949 63,625 63,677 64,150 64,637 0.8% 1.6% Middle East 59,811 72,493 79,376 79,928 80,131 80,087 80,480 0.5% 2.1% Africa 12,460 14,223 14,527 14,598 14,543 14,470 14,478 0.1% 1.1% Asia - Pacific 12,247 14,134 16,469 16,818 17,036 16,982 17,031 0.3% 2.4% Americas 14,418 14,651 18,210 19,026 18,461 19,666 20,067 2.0% 2.4% 6,704 7,714 7,416 7,235 10,321 7,889 11,114 7,912 10,417 8,043 11,670 7,996 12,088 7,979 3.6% -0.2% 4.3% 0.2% 158,983 175,456 195,895 199,700 199,438 200,724 201,771 0.5% 1.7% 3,606 3,144 2,582 2,000 1,892 1,714 1,538 -10.3% -5.9% 67,162 80,448 87,653 88,236 88,436 88,348 88,723 0.4% 2.0% - North America - Latin America World European Union MENA OECD NON OECD 17,059 16,049 19,611 20,189 19,365 20,372 20,426 0.3% 1.3% 141,924 159,407 176,284 179,510 180,072 180,352 181,346 0.6% 1.8% OPEC 72,444 86,659 94,257 94,928 95,132 95,034 95,129 0.1% 2.0% NON OPEC 86,539 88,797 101,638 104,771 104,305 105,690 106,642 0.9% 1.5% World Natural Gas Reserves (2014) 201,771 billion cubic metres as at 31st December World Natural Gas Reserves Growth (2000-2014) 42,788 billion cubic metres as at 31st December (*) Data source: Eni’s estimates on Enerdata Global Energy & CO2 Data and other sources data World Oil and Gas Review 2015 36 Natural Gas Reserves The World Top 10 Reserves Holders (*) (billion cubic metres as at 31st December) 2000 2005 2010 2011 2012 2013 2014 ∆ y/y (2014-2013) CAGR (2014-2000) Russia 43,809 44,860 46,000 48,676 48,810 49,335 49,896 1.1% 0.9% Iran 26,600 27,580 33,090 33,620 33,780 34,020 34,020 0.0% 1.8% Qatar 14,443 25,636 25,201 25,110 25,069 24,681 24,531 -0.6% 3.9% United States (**) 5,021 5,784 8,621 9,454 8,717 9,573 9,960 4.0% 5.0% Turkmenistan 2,680 2,680 10,000 10,000 9,967 9,934 9,904 -0.3% 9.8% Saudi Arabia 6,301 6,900 8,016 8,151 8,235 8,317 8,489 2.1% 2.2% United Arab Emirates 6,060 6,060 6,091 6,091 6,091 6,091 6,091 0.0% 0.0% Venezuela 4,152 4,315 5,525 5,528 5,563 5,581 5,617 0.6% 2.2% Nigeria 4,106 5,152 5,110 5,154 5,118 5,111 5,111 0.0% 1.6% Algeria 4,523 4,504 4,504 4,504 4,504 4,504 4,504 0.0% 0.0% 117,695 133,471 152,158 156,288 155,854 157,147 158,123 0.6% 2.1% 41,288 41,984 43,737 43,411 43,583 43,577 43,648 0.2% 0.4% 158,983 175,456 195,895 199,700 199,438 200,724 201,771 0.5% 1.7% The World Top 10 Rest of the World World The World top 10 (2014) (*) (**) Data source: Eni’s estimates on Enerdata Global Energy & CO2 Data Data source: Eni’s estimates on EIA DOE data World Oil and Gas Review 2015 37 Natural Gas Reserves Countries (*) (billion cubic metres as at 31st December) 2000 Europe Albania Austria Belarus Bulgaria Croatia Czech Republic Denmark France Germany Greece Hungary Ireland Italy (**) Moldova Netherlands Norway (***) Poland Romania Serbia and Montenegro Slovakia Spain Turkey Ukraine United Kingdom 2005 2010 2011 2012 2013 ∆ y/y (2014-2013) 2014 8,540 2 26 2 6 29 4 144 8 264 1 32 34 199 20 1,655 3,841 119 335 25 15 0 4 1,040 735 7,336 2 21 1 3 30 3 122 7 178 1 21 25 117 20 1,387 3,108 106 628 23 14 0 8 1,030 481 6,364 2 16 1 5 25 3 101 5 87 1 12 25 66 20 1,304 2,762 71 595 22 13 0 6 969 253 5,704 2 15 1 5 24 3 95 11 80 1 12 25 62 20 1,230 2,685 69 109 21 13 0 6 969 246 5,590 2 14 1 5 23 3 91 10 71 1 11 25 59 20 1,131 2,687 73 119 21 12 0 7 960 244 5,369 2 11 1 5 22 3 90 9 63 1 9 25 56 20 989 2,654 69 113 20 4 4 6 952 242 2000 2005 2010 2011 2012 2013 5,078 2 10 1 5 20 3 90 9 51 1 9 25 53 20 864 2,547 63 109 20 4 3 6 944 218 -5.4% 0.0% -7.3% 0.0% 0.0% -7.0% 0.0% 0.0% -2.9% -18.7% 0.0% -0.5% 0.0% -5.4% 0.0% -12.6% -4.0% -8.8% -3.4% 0.0% 0.0% -2.6% 1.6% -0.8% -10.0% ∆ y/y (2014-2013) 2014 CAGR (2013-2000) -3.6% 0.0% -6.7% -9.4% -1.3% -2.5% -2.0% -3.3% 0.6% -11.1% 0.0% -8.5% -2.2% -9.0% 0.0% -4.5% -2.9% -4.5% -7.7% -1.6% -9.0% 3.4% -0.7% -8.3% CAGR (2014-2000) 51,507 52,618 60,949 63,625 63,677 64,150 64,637 0.8% 43,809 44,860 46,000 48,676 48,810 49,335 49,896 1.1% 0.9% 165 165 18 18 18 18 18 0.0% -14.6% 1,275 1,275 1,317 1,317 1,308 1,300 1,291 -0.7% 0.1% 1 1 1 1 1 1 1 0.0% -4.8% Kazakhstan 1,840 1,900 1,950 1,950 1,939 1,929 1,918 -0.6% 0.3% Kyrgyzstan 1 1 1 1 1 1 1 0.0% -4.8% Tajikistan 1 1 1 1 1 1 1 0.0% -4.8% 9.8% -0.5% Russia and Central Asia Russia Armenia Azerbaijan Georgia Turkmenistan 2,680 2,680 10,000 10,000 9,967 9,934 9,904 -0.3% Uzbekistan 1,735 1,735 1,661 1,661 1,632 1,632 1,608 -1.5% 2000 Middle East Bahrain Iran Iraq Israel Jordan Kuwait Oman Qatar Saudi Arabia Syria United Arab Emirates Yemen (*) (**) 59,811 110 26,600 3,109 45 7 1,557 859 14,443 6,301 241 6,060 479 2005 72,493 90 27,580 3,170 45 6 1,572 670 25,636 6,900 285 6,060 479 2010 79,376 92 33,090 3,158 215 6 1,784 950 25,201 8,016 285 6,091 488 2011 79,928 92 33,620 3,158 202 6 1,784 950 25,110 8,151 285 6,091 479 2012 80,131 92 33,780 3,158 202 6 1,784 950 25,069 8,235 285 6,091 479 2013 80,087 92 34,020 3,158 224 6 1,784 950 24,681 8,317 285 6,091 479 2014 80,480 92 34,020 3,158 217 6 1,784 1,328 24,531 8,489 285 6,091 479 ∆ y/y (2014-2013) 0.5% 0.0% 0.0% 0.0% -3.1% 0.0% 0.0% 39.8% -0.6% 2.1% 0.0% 0.0% 0.0% 1.6% CAGR (2014-2000) 2.1% -1.3% 1.8% 0.1% 11.9% -1.1% 1.0% 3.2% 3.9% 2.2% 1.2% 0.0% 0.0% Data source: Eni’s estimates on Enerdata Global Energy & CO2 Data, for Norway on Norwegian Petroleum Directorate's data, for United Kingdom on DECC data Data source: Italian Ministry for Economic Development World Oil and Gas Review 2015 38 Natural Gas Reserves Countries (*) (billion cubic metres as at 31st December) 2000 Africa Algeria Angola Benin Cameroon Chad Congo Côte d'Ivoire Dem. Rep. Congo Egypt Equatorial Guinea Ethiopia Gabon Ghana Libya Madagascar Mauritania Morocco Mozambique Namibia Nigeria Rwanda Senegal Somalia South Africa Sudan Tanzania Tunisia Uganda Asia - Pacific Afghanistan Australia Bangladesh Brunei China India Indonesia Japan Malaysia Myanmar New Zealand Pakistan Papua New Guinea Philippines South Korea Taiwan Thailand Vietnam (*) 2005 2010 14,527 4,504 275 1 155 1 127 18 0 2,210 125 28 28 27 1,495 2 1 3 75 70 5,110 57 10 6 12 85 37 65 0 2011 14,598 4,504 275 1 153 1 124 16 0 2,190 121 28 27 27 1,547 2 1 2 75 70 5,154 57 10 6 15 85 37 65 5 2012 14,543 4,504 275 1 151 1 121 16 0 2,185 119 28 26 27 1,549 2 1 2 75 70 5,118 57 2 6 15 85 37 65 5 2013 14,470 4,504 275 1 144 1 115 24 0 2,185 109 28 26 27 1,506 2 1 1 75 70 5,111 57 2 6 8 85 37 65 5 2014 12,460 4,523 269 1 102 0 122 30 1 1,433 48 25 33 24 1,314 2 0 3 62 85 4,106 57 11 6 17 85 23 78 0 14,223 4,504 270 1 165 0 130 25 1 1,920 96 25 30 24 1,491 2 0 3 61 70 5,152 57 11 6 29 85 28 37 0 14,478 4,504 308 1 154 1 106 23 0 2,168 99 28 26 27 1,505 2 1 1 75 70 5,111 57 2 6 11 85 37 65 5 2000 2005 2010 2011 2012 2013 2014 12,247 100 2,203 306 366 1,515 760 2,608 40 2,189 287 57 677 428 105 0 76 360 170 14,134 100 2,429 407 333 2,200 1,101 2,659 39 2,346 485 62 852 428 95 3 71 304 220 16,469 100 3,864 354 301 2,853 1,149 2,963 37 2,334 522 52 810 442 89 1 70 300 228 16,818 100 3,831 474 288 3,051 1,278 2,925 36 2,389 509 51 778 442 87 1 69 285 224 17,036 100 3,821 458 276 3,200 1,330 2,954 34 2,550 496 50 762 442 83 1 3 256 220 16,982 100 3,769 436 270 3,275 1,355 2,866 33 2,611 485 53 749 442 80 1 3 238 216 17,031 100 3,703 418 263 3,367 1,427 2,815 32 2,690 474 64 736 427 76 1 3 225 211 ∆ y/y (2014-2013) 0.1% 0.0% 12.0% 0.0% 6.9% 0.0% -7.8% -4.2% -0.8% -8.7% 0.0% 0.0% 0.0% -0.1% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 31.7% 0.0% 0.0% 0.0% 0.0% ∆ y/y (2014-2013) 0.01322043 0.3% 0.0% -1.7% -4.1% -2.5% 2.8% 5.3% -1.8% -3.9% 3.0% -2.2% 19.8% -1.7% -3.5% -5.1% 0.0% 0.0% -5.7% -2.5% CAGR (2014-2000) 1.1% 0.0% 1.0% 0.0% 3.0% -1.0% -1.9% -100.0% 3.0% 5.3% 0.8% -1.7% 0.8% 1.0% 0.0% -7.5% 1.4% -1.4% 1.6% 0.0% -11.5% 0.0% -3.2% 0.0% 3.5% -1.3% CAGR (2014-2000) 0.0274856 2.4% 0.0% 3.8% 2.3% -2.3% 5.9% 4.6% 0.5% -1.6% 1.5% 3.7% 0.8% 0.6% 0.0% -2.3% -20.6% -3.3% 1.5% Data source: Eni’s estimates on Enerdata Global Energy & CO2 Data World Oil and Gas Review 2015 39 Natural Gas Reserves Countries (*) (billion cubic metres as at 31st December) 2000 Americas Argentina Barbados Bolivia Brazil Canada Chile Colombia Cuba Ecuador Mexico Peru Trinidad and Tobago United States (**) Venezuela (*) (**) 14,418 778 0 675 221 1,683 94 129 18 10 835 245 557 5,021 4,152 2005 14,651 439 2 710 306 1,632 43 113 17 9 412 338 531 5,784 4,315 2010 18,210 359 2 281 417 1,700 43 153 14 8 353 353 381 8,621 5,525 2011 19,026 333 2 281 460 1,660 41 155 12 6 360 359 375 9,454 5,528 2012 18,461 316 2 317 459 1,700 41 162 11 6 360 435 371 8,717 5,563 2013 19,666 328 2 296 458 2,097 40 156 11 6 347 425 346 9,573 5,581 2014 20,067 309 2 300 471 2,128 40 156 10 11 324 414 325 9,960 5,617 ∆ y/y (2014-2013) 2.0% -5.8% 0.0% 1.5% 2.9% 1.5% 0.0% 0.0% -9.1% 81.7% -6.6% -2.6% -6.1% 4.0% 0.6% CAGR (2014-2000) 2.4% -6.4% -5.6% 5.6% 1.7% -5.9% 1.4% -4.1% 0.6% -6.5% 3.8% -3.8% 5.0% 2.2% Data source: Eni’s estimates on Enerdata Global Energy & CO2 Data Data source: Eni’s estimates on EIA DOE data World Oil and Gas Review 2015 40 Natural Gas Reserves Cluster of Companies (*) 2000 World: 158,983 billion cubic metres as at 31st December 2014 World: 201,771 billion cubic metres as at 31st December 2014 (billion cubic metres as at 31st December) (*) Majors: BP, Chevron, Eni, ExxonMobil, Repsol, Shell, Total. IOCs: BG, BHP Billiton, ConocoPhillips, OMV, Statoil, Woodside Petroleum. NOCs: ADNOC, Bahrain NOC, Bashneft, CBNOOC, CNPC, CPC Taiwan, Dubai Petroleum, Ecopetrol, EGPC, Gazprom, INOC, Israel NOC, KazMunaiGaz, KNOC, KPC, Lybian NOC, MEDCO Energy, MOGE, Morocco NOC, Mu-badala Abu-Dhabi, NIOC, NNPC, Novatek, Oil India, ONGC, Pakistan Oil Field, Pakistan Petroleum, PDO, PdVSA, Pemex, Pertamina, Petrobras, PetroChina, Petronas, PetroViet-nam, PGNiG, PTTEP, QP, Rosneft, Saudi Aramco, Sinopec, SOCAR Azerbaijan, Sonangol, Sonatrach, Surgutneftegas, Syria Petroleum, Tatneft, Turkmengas, Uzbekneftegas World Oil and Gas Review 2015 41 Natural Gas Production Areas and Aggregates(*) (billion cubic metres) 2000 2005 2010 2011 2012 2013 2014 ∆ y/y (2014-2013) CAGR (2014-2000) Europe 324.23 339.07 323.77 295.99 298.77 291.55 272.37 -6.6% -1.2% Russia and Central Asia 676.47 759.48 792.70 831.57 824.98 860.90 831.92 -3.4% 1.5% Middle East 199.30 302.65 471.70 501.31 524.00 558.25 565.84 1.4% 7.7% Africa 124.55 185.10 201.52 195.09 203.91 195.77 189.34 -3.3% 3.0% Asia - Pacific 288.02 370.28 477.52 477.97 474.45 496.07 509.05 2.6% 4.2% Americas 845.00 860.89 959.13 1,007.21 1,040.93 1,054.02 1,105.93 4.9% 1.9% - North America - Latin America 710.00 135.00 686.62 174.27 748.05 211.08 791.27 215.94 820.94 219.99 831.71 222.31 880.24 225.69 5.8% 1.5% 1.5% 3.7% 2,457.57 2,817.47 3,226.34 3,309.14 3,367.04 3,456.57 3,474.46 0.5% 2.5% European Union 249.50 227.38 190.56 168.98 158.85 157.14 140.11 -10.8% -4.0% MENA 307.85 457.10 632.99 650.46 678.56 707.86 706.05 -0.3% 6.1% OECD 1,077.21 1,075.33 1,156.91 1,175.68 1,202.80 1,217.33 1,249.30 2.6% 1.1% NON OECD 1,380.36 1,742.14 2,069.43 2,133.45 2,164.24 2,239.24 2,225.16 -0.6% 3.5% World OPEC NON OPEC 302.20 411.05 568.55 588.12 627.51 641.58 651.40 1.5% 5.6% 2,155.37 2,406.42 2,657.79 2,721.02 2,739.52 2,814.98 2,823.07 0.3% 1.9% World Natural Gas Production (2014) 3,474.46 billion cubic metres World Natural Gas Reserves Growth (2000-2014) 1,016.89 billion cubic metres (*) Data source: the original data are from IEA Extended Balances © OECD/International Energy Agency, 2015 and other sources. Data have been converted by Eni using a unified gross calorific value of 39 MJ/cm World Oil and Gas Review 2015 42 Natural Gas Production The World Top 10 Producers (*) (billion cubic metres) 2000 2005 2010 2011 2012 2013 2014 ∆ y/y (2014-2013) CAGR (2014-2000) United States 533.06 502.78 590.11 633.37 665.95 676.25 718.85 6.3% 2.2% Russia 561.43 615.22 644.22 659.40 644.98 671.80 630.77 -6.1% 0.8% Iran 59.46 99.54 145.17 151.74 157.73 159.25 170.08 6.8% 7.8% Qatar 25.98 47.55 127.97 141.73 153.22 173.28 169.81 -2.0% 14.3% 176.94 183.84 157.94 157.90 154.99 155.46 161.39 3.8% -0.7% 27.15 49.23 94.67 102.49 106.95 120.62 129.91 7.7% 11.8% Canada China Norway 55.20 89.50 113.55 107.02 120.18 114.02 113.30 -0.6% 5.3% Turkmenistan 45.58 61.20 44.00 64.32 67.07 76.20 84.42 10.8% 4.5% Saudi Arabia 36.71 54.82 71.44 72.76 79.00 79.84 81.68 2.3% 5.9% Algeria 83.31 90.18 85.83 83.00 86.50 82.18 80.87 -1.6% -0.2% 1,604.81 1,793.85 2,074.91 2,173.75 2,236.59 2,308.90 2,341.09 1.4% 2.7% 852.76 1,023.62 1,151.43 1,135.39 1,130.45 1,147.67 1,133.37 -1.2% 2.1% 2,457.57 2,817.47 3,226.34 3,309.14 3,367.04 3,456.57 3,474.46 0.5% 2.5% The World Top 10 Rest of the world World (*) United States 20.7% Russia 18.2% Iran 4.9% Qatar 4.9% 3.3% Norawy Canada 4.6% 2.4% Turkmenistan China 3.7% 2.4% Saudi Arabia Algeria Share of World Total 2.3% The World Top 10 (2014) Data source: the original data are from IEA Extended Balances © OECD/International Energy Agency, 2015. Data have been converted by Eni using a unified gross calorific value of 39 MJ/cm World Oil and Gas Review 2015 43 Natural Gas Production Countries (*) (billion cubic metres) 2000 Europe Albania Austria Belarus Bulgaria Croatia Czech Republic Denmark France Germany Greece Hungary Ireland Italy Netherlands Norway Poland Romania Serbia and Montenegro Slovakia Slovenia Spain Turkey Ukraine United Kingdom 324.23 0.01 1.83 0.25 0.01 1.62 0.20 8.84 1.79 18.84 0.05 2.95 1.14 16.25 62.24 55.20 3.95 13.08 0.74 0.16 0.01 0.18 0.63 17.89 116.35 2000 Russia and Central Asia Russia Azerbaijan Georgia Kazakhstan Kyrgyzstan Tajikistan Turkmenistan Uzbekistan 676.47 561.43 5.45 0.07 9.09 0.03 0.04 45.58 54.79 2000 Middle East Bahrain Iran Iraq Israel Jordan Kuwait Oman Qatar Saudi Arabia Syria United Arab Emirates Yemen (*) 199.30 8.17 59.46 3.07 0.01 0.25 9.35 10.96 25.98 36.71 5.51 39.83 0.00 2005 339.07 0.01 1.67 0.23 0.46 2.22 0.18 11.19 1.08 17.10 0.02 2.78 0.55 11.79 67.11 89.50 4.63 11.57 0.27 0.15 0.00 0.17 0.88 20.80 94.69 2005 759.48 615.22 5.54 0.02 18.88 0.03 0.03 61.20 58.57 2005 302.65 9.96 99.54 1.77 1.57 0.21 11.98 22.80 47.55 54.82 5.90 46.54 0.00 2010 323.77 0.01 1.77 0.21 0.07 2.64 0.24 8.76 0.77 13.25 0.01 2.67 0.28 8.21 75.65 113.55 4.40 10.28 0.37 0.11 0.01 0.05 0.67 18.40 61.38 2010 792.70 644.22 16.68 0.01 29.35 0.02 0.02 44.00 58.39 2010 471.70 12.61 145.17 5.00 3.19 0.16 11.43 29.88 127.97 71.44 8.64 49.56 6.66 2011 295.99 0.01 1.74 0.22 0.42 2.39 0.23 7.04 0.60 12.99 0.01 2.52 0.20 8.25 68.87 107.02 4.59 10.34 0.48 0.12 0.00 0.05 0.75 18.53 48.61 2011 831.57 659.40 16.37 0.01 30.19 0.03 0.02 64.32 61.24 2011 501.31 12.64 151.74 5.97 4.19 0.16 13.18 31.14 141.73 72.76 7.61 50.52 9.66 2012 298.77 0.02 1.87 0.22 0.37 1.95 0.26 6.15 0.54 11.41 0.01 2.11 0.22 8.41 68.55 120.18 4.66 10.36 0.51 0.15 0.00 0.06 0.62 18.38 41.79 2012 824.98 644.98 17.71 0.01 34.06 0.03 0.01 67.07 61.11 2012 524.00 12.72 157.73 5.88 2.45 0.14 15.12 31.24 153.22 79.00 6.23 52.45 7.81 2013 291.55 0.02 1.34 0.23 0.27 1.80 0.25 5.11 0.35 10.57 0.01 1.84 0.18 7.56 73.67 114.02 4.56 10.26 0.50 0.12 0.00 0.06 0.53 19.11 39.20 2013 860.90 671.80 18.32 0.00 36.62 0.03 0.00 76.20 57.92 2013 558.25 13.88 159.25 7.11 6.28 0.13 15.89 33.77 173.28 79.84 5.46 52.74 10.62 2014 272.37 0.03 1.22 0.22 0.17 1.66 0.24 4.92 0.02 9.07 0.01 1.71 0.15 6.98 59.77 113.30 4.44 10.40 0.50 0.10 0.00 0.02 0.47 17.74 39.22 2014 831.92 630.77 20.52 0.00 37.83 0.03 0.00 84.42 58.33 2014 565.84 14.64 170.08 6.98 7.39 0.13 14.63 31.71 169.81 81.68 5.03 53.75 10.01 ∆ y/y (2014-2013) -6.6% 73.0% -9.1% -2.6% -35.5% -7.7% -1.1% -3.6% -95.6% -14.2% -6.3% -7.1% -20.3% -7.6% -18.9% -0.6% -2.5% 1.4% 0.0% -19.7% 0.0% -58.2% -11.3% -7.2% 0.0% Δ y/y (2014-2013) -3.4% -6.1% 12.0% -8.2% 3.3% 0.0% 5.6% 10.8% 0.7% ∆ y/y (2014-2013) 1.4% 5.5% 6.8% -2.0% 17.7% -0.1% -7.9% -6.1% -2.0% 2.3% -7.9% 1.9% -5.7% CAGR (2014-2000) -1.2% 7.6% -2.9% -1.0% 19.2% 0.2% 1.3% -4.1% -28.9% -5.1% -13.6% -3.8% -13.7% -5.9% -0.3% 5.3% 0.8% -1.6% -2.7% -3.2% -5.9% -13.1% -2.1% -0.1% -7.5% CAGR (2014-2000) 1.5% 0.8% 9.9% -17.8% 10.7% 0.2% -15.0% 4.5% 0.4% CAGR (2014-2000) 7.7% 4.3% 7.8% 6.0% 61.0% -4.5% 3.2% 7.9% 14.3% 5.9% -0.6% 2.2% Data source: Eni the original data are from IEA Extended Balances © OECD/International Energy Agency, 2015 and, for Italy, from Italian Ministry for Economic Development. Data have been converted by Eni using a unified gross calorific value of 39 MJ/cm World Oil and Gas Review 2015 44 Natural Gas Production Countries (*) (billion cubic metres) 2000 Africa Algeria Angola Cameroon Congo Côte d'Ivoire Dem. Rep. Congo Egypt Gabon Libya Morocco Mozambique Nigeria Senegal South Africa Tanzania Tunisia Asia - Pacific Australia Bangladesh Brunei China India Indonesia Japan Malaysia Myanmar New Zealand Pakistan Philippines South Korea Taiwan Thailand Vietnam (*) 2010 2010 2011 2012 2013 2014 288.02 34.04 8.80 11.29 27.15 27.51 72.95 2.73 50.76 6.17 6.03 19.88 0.01 0.00 0.71 18.65 1.34 370.28 37.40 12.89 11.93 49.23 30.94 78.21 3.45 66.04 12.28 3.85 30.59 3.22 0.53 0.52 22.07 7.14 477.52 53.05 19.83 12.25 94.67 51.24 89.22 3.83 60.84 12.13 4.60 32.18 3.64 0.58 0.28 29.49 9.69 477.97 56.82 19.98 12.76 102.49 46.48 84.79 3.82 62.83 11.99 4.15 32.14 3.93 0.48 0.32 26.25 8.74 474.45 54.43 20.97 12.53 106.95 39.77 80.30 3.65 61.38 12.08 4.53 32.36 3.77 0.47 0.38 31.26 9.64 496.07 62.17 22.62 12.17 120.62 34.63 75.09 3.26 69.39 12.40 4.80 30.73 3.47 0.50 0.33 33.86 10.05 509.05 63.19 23.54 11.82 129.91 33.65 74.71 3.13 69.95 14.70 5.21 30.26 3.64 0.34 0.33 34.13 10.53 2012 2013 2014 845.00 40.93 4.80 7.24 176.94 1.91 6.51 0.54 0.00 31.88 0.59 14.54 533.06 26.06 860.89 47.62 12.24 11.01 183.84 1.92 7.30 0.72 0.33 36.50 1.94 31.60 502.78 23.10 959.13 42.19 14.72 14.90 157.94 1.84 11.24 1.02 0.51 49.99 9.09 42.74 590.11 22.85 1,007.21 41.63 15.99 16.89 157.90 1.48 10.91 0.97 0.45 49.85 14.02 40.72 633.37 23.02 1,040.93 40.75 18.25 19.38 154.99 1.23 11.16 0.98 0.61 48.13 14.30 40.95 665.95 24.24 195.77 82.18 0.90 0.46 0.22 1.91 0.01 53.82 0.41 10.13 0.10 3.82 36.21 0.04 1.22 0.97 3.37 2014 2005 2011 203.91 86.50 0.74 0.27 0.21 1.70 0.01 52.71 0.37 11.89 0.08 3.76 40.14 0.04 1.14 0.97 3.38 2013 2000 2010 195.09 83.00 0.73 0.22 0.15 1.56 0.01 54.93 0.36 7.66 0.06 3.36 37.35 0.04 1.33 0.85 3.49 2012 185.10 90.18 0.63 0.00 0.02 1.49 0.00 50.84 0.15 11.01 0.04 2.23 23.59 0.02 2.13 0.40 2.38 2005 201.52 85.83 0.71 0.31 0.10 1.58 0.01 55.35 0.32 16.38 0.05 3.20 31.70 0.03 1.50 0.77 3.67 2011 124.55 83.31 0.56 0.00 0.00 1.51 0.00 17.22 0.12 5.73 0.05 0.00 12.14 0.00 1.67 0.00 2.25 2000 Americas Argentina Bolivia Brazil Canada Chile Colombia Cuba Ecuador Mexico Peru Trinidad and Tobago United States Venezuela 2005 1,054.02 38.64 20.78 21.41 155.46 0.97 11.76 1.01 0.69 48.29 14.27 41.13 676.25 23.36 189.34 80.87 0.82 0.46 0.22 1.91 0.01 46.55 0.41 9.32 0.10 3.82 39.25 0.04 1.22 0.97 3.37 1,105.93 38.60 21.99 23.00 161.39 0.91 11.66 1.01 0.74 47.23 15.10 41.98 718.85 23.47 ∆ y/y (2014-2013) -3.3% -1.6% -9.2% 0.0% 0.0% 0.0% 3.3% -13.5% 0.0% -8.0% -0.1% 0.0% 8.4% 0.9% 0.0% 0.0% 0.0% ∆ y/y (2014-2013) 2.6% 1.7% 4.1% -2.9% 7.7% -2.8% -0.5% -4.1% 0.8% 18.5% 8.7% -1.5% 5.0% -30.5% 0.1% 0.8% 4.8% ∆ y/y (2014-2013) 4.9% -0.1% 5.8% 7.4% 3.8% -6.0% -0.9% 0.0% 7.9% -2.2% 5.8% 2.1% 6.3% 0.5% CAGR (2014-2000) 3.0% -0.2% 2.8% 1.7% 7.4% 9.0% 3.5% 5.7% 80.3% 8.7% 35.0% -2.2% 2.9% CAGR (2014-2000) 4.2% 4.5% 7.3% 0.3% 11.8% 1.4% 0.2% 1.0% 2.3% 6.4% -1.0% 3.0% 51.9% -5.4% 4.4% 15.9% CAGR (2014-2000) 1.9% -0.4% 11.5% 8.6% -0.7% -5.1% 4.3% 4.5% 2.8% 26.1% 7.9% 2.2% -0.7% Data source: the original data are from IEA Extended Balances © OECD/International Energy Agency, 2015. Data have been converted by Eni using a unified gross calorific value of 39 MJ/cm World Oil and Gas Review 2015 45 Natural Gas Production Cluster of Companies (*) 2000 2014 World: 3,474.46 billion cubic metres World: 2,457.57 billion cubic metres 2014 (billion cubic metres as at 31st December) Russia and C. Asia 831.92 Europe 272.37 North America 880.24 Majors 10% Others 10% Others 48% Middle East 565.84 NOCs 1% IOCs 18% NOCs 2% Others 10% NOCs 85% Majors 11% IOCs 1% Others 84% Africa 189.34 Latin America 225.69 Others 1% Majors 26% Majors 22% NOCs 79% Others 25% IOCs 3% NOCs 70% (*) IOCs 0% Majors 31% IOCs 5% Others 5% Majors 5% NOCs 69% Asia - Pacific 509.05 Majors 17% IOCs 4% NOCs 51% IOCs 8% Majors: ExxonMobil, Shell, BP, Chevron, Total, Eni, Repsol. IOC’s: ConocoPhillips, Statoil, BG, BHP Billiton, OMV e Woodside Petroleum. NOCs: NIOC, Saudi Aramco, INOC, ADNOC, QP, KPC, PDO, Bahrain NOC, Dubai Petroleum, Israel NOC, Mubadala Abu-Dhabi, Syria Petroleum, NNPC, Lybian NOC, Sonatrach, EGPC, Sonangol, Morocco NOC, Gazprom, Rosneft, Surgutneftegas, Tatneft, Bashneft, Novatek, SOCAR Azerbaijan, KazMunaiGaz, Turkmengas, Uzbekneftegas, PdVSA, Petrobras, Pemex, Ecopetrol, Petronas, Oil India, Pertamina, MEDCO Energy, MOGE, CPC Taiwan, Pakistan Petroleum, Pakistan Oil Field, KNOC, PetroVietnam, CNPC/PetroChina, Sinopec, CBNOOC, ONGC, PTTEP, PGNiG World Oil and Gas Review 2015 46 Natural Gas Reserves/Production Ratio Areas and Aggregates (*) (years) 2000 2005 2010 2011 2012 2013 2014 26 76 300 100 43 17 22 69 240 77 38 17 20 77 168 72 34 19 19 77 159 75 35 19 19 77 153 71 36 18 18 75 143 74 34 19 - North America - Latin America 9 57 11 42 14 37 14 37 13 37 14 36 19 78 142 76 33 18 14 35 World 65 62 61 60 59 58 58 European Union 14 14 14 12 12 11 11 MENA 218 176 138 136 130 125 126 OECD NON OECD 16 103 15 92 17 85 17 84 16 83 17 81 16 81 OPEC NON OPEC 240 40 211 37 166 38 161 39 152 38 148 38 146 38 Europe Russia and Central Asia Middle East Africa Asia - Pacific Americas Reserves/Production Ratio (2014) World: 58 years (*) Data source: Eni’s calculations. The original data are from Enerdata Global Energy & CO2 Data, IEA Extended Balances © OECD/International Energy Agency, 2015 and other sources World Oil and Gas Review 2015 47 Natural Gas Reserves/Production Ratio The World Top 10 Producers Ranked by Reserves/Production Ratio (*) (years) 2000 2005 2010 2011 2012 2013 2014 Iran 447 277 228 222 214 214 200 Qatar 556 539 197 177 164 142 144 Turkmenistan 59 44 227 155 149 130 117 Saudi Arabia 172 126 112 112 104 104 104 Russia 78 73 71 74 76 73 79 Algeria 54 50 52 54 52 55 56 China 56 45 30 30 30 27 26 70 35 24 25 22 23 22 9 12 15 15 13 14 14 10 9 11 11 11 13 13 Norway United States (**) Canada The World Top 10 (2014) (*) Data source: Eni’s calculations. The original data are from Enerdata Global Energy & CO2 Data and IEA Extended Balances © OECD/International Energy Agency, 2015 (**) The original data are from EIA DOE and IEA Extended Balances © OECD/International Energy Agency, 2015 World Oil and Gas Review 2015 48 Natural Gas Reserves/Production Ratio Countries (*) (years) 2000 Europe Austria Croatia Denmark France Germany Hungary Ireland 2005 26 14 18 16 4 14 11 30 12 27 70 30 26 34 6 58 6 Italy (**) Netherlands Norway Poland Romania Serbia and Montenegro Turkey Ukraine United Kingdom (***) 2000 2010 22 13 13 11 6 10 8 45 10 21 35 23 54 84 9 50 5 2005 2011 20 9 9 12 6 7 5 90 8 17 24 16 58 60 9 53 4 2010 2012 19 9 10 14 18 6 5 123 8 18 25 15 11 44 8 52 5 2011 2013 19 8 12 15 19 6 5 114 7 17 22 16 11 41 11 52 6 2012 2014 18 8 12 18 26 6 5 136 7 13 23 15 11 40 12 50 6 2013 19 8 12 18 578 6 5 171 8 14 22 14 10 40 14 53 6 2014 Russia and Central Asia 76 69 77 77 77 75 78 Russia 78 73 71 74 76 73 79 Azerbaijan 234 230 79 80 74 71 63 Kazakhstan 202 101 66 65 57 53 51 Turkmenistan 59 44 227 155 149 130 117 Uzbekistan 32 30 28 27 27 28 28 2000 Middle East Bahrain Iran Kuwait Oman Qatar Saudi Arabia Syria United Arab Emirates (*) (**) 300 13 447 166 78 556 172 44 152 2005 240 9 277 131 29 539 126 48 130 2010 168 7 228 156 32 197 112 33 123 2011 159 7 222 135 31 177 112 37 121 2012 153 7 214 118 30 164 104 46 116 2013 2014 143 7 214 112 28 142 104 52 115 142 6 200 122 42 144 104 57 113 Data source: Eni’s calculations. The original data are from Enerdata Global Energy &CO2 Data, IEA Extended Balances © OECD/International Energy Agency, 2015 and other sources The original data are from Italian Ministry for Economic Development World Oil and Gas Review 2015 49 Natural Gas Reserves/Production Ratio Countries (*) (years) 2000 Africa 2005 2010 2011 2012 2013 2014 100 77 72 75 71 74 Algeria 54 50 52 54 52 55 56 Angola 484 426 385 375 371 305 376 Côte d'Ivoire 20 17 11 10 9 13 12 Egypt 83 38 40 40 41 41 47 Libya 229 135 91 202 130 149 161 66 74 56 33 25 10 10 27 23 22 20 20 20 338 218 161 138 128 141 130 10 14 8 11 13 7 9 70 48 44 38 38 38 16 18 19 19 19 19 Morocco Mozambique Nigeria South Africa Tanzania Tunisia 35 2000 Asia - Pacific Australia Bangladesh Brunei China India Indonesia Japan Malaysia Myanmar New Zealand Pakistan Taiwan Thailand Vietnam 43 65 35 32 56 28 36 15 43 46 9 34 107 19 127 2000 Americas Argentina Bolivia Brazil Canada Chile Colombia Mexico Trinidad and Tobago United States (**) Venezuela (*) (**) 17 19 141 31 10 49 20 26 38 9 159 2005 38 65 32 28 45 36 34 11 36 39 16 28 136 14 31 2005 17 9 58 28 9 22 15 11 17 12 187 2010 34 73 18 25 30 22 33 10 38 43 11 25 247 10 24 2010 19 9 19 28 11 23 14 7 9 15 242 2011 35 67 24 23 30 27 34 9 38 42 12 24 219 11 26 2011 19 8 18 27 11 28 14 7 9 15 240 2012 36 70 22 22 30 33 37 9 42 41 11 24 8 8 23 2012 18 8 17 24 11 33 15 7 9 13 230 2013 76 2014 34 61 19 22 27 39 38 10 38 39 11 24 9 7 21 2013 19 8 14 21 13 41 13 7 8 14 239 33 59 18 22 26 42 38 10 38 32 12 24 9 7 20 2014 18 8 14 20 13 44 13 7 8 14 239 Data source: Eni’s calculations. The original data are from Enerdata Global Energy & CO2 Data and IEA Extended Balances © OECD/International Energy Agency, 2015 The original data are from EIA DOE and IEA Extended Balances © OECD/International Energy Agency, 2015 World Oil and Gas Review 2015 50 Natural Gas Consumption Areas and Aggregates(*) (billion cubic metres) 2000 2005 2010 2011 2012 2013 2014 ∆ y/y (2014-2013) CAGR (2014-2000) Europe 591.06 672.57 676.55 616.47 599.05 588.80 524.08 -11.0% -0.9% Russia and Central Asia 460.68 510.39 561.74 587.89 578.64 585.85 572.58 -2.3% 1.6% Middle East 176.49 255.22 372.98 392.79 407.07 424.29 445.90 5.1% 6.8% 56.28 86.90 103.57 112.14 117.94 117.73 116.69 -0.9% 5.3% Asia - Pacific 305.95 408.02 579.37 619.24 643.00 674.52 690.78 2.4% 6.0% Americas 875.03 870.94 967.19 994.99 1,037.28 1,067.87 1,093.83 2.4% 1.6% - North America - Latin America 741.83 133.20 701.17 169.76 757.03 210.16 778.04 216.94 809.12 228.16 831.25 236.62 850.70 243.12 2.3% 2.7% 1.0% 4.4% 2,465.49 2,804.04 3,261.39 3,323.51 3,382.97 3,459.07 3,443.86 -0.4% 2.4% European Union 472.20 530.93 533.40 481.88 469.04 461.39 408.25 -11.5% -1.0% MENA 222.05 325.35 457.07 480.93 500.35 518.19 538.41 3.9% 6.5% OECD 1,379.08 1,438.50 1,578.42 1,574.64 1,603.06 1,635.50 1,604.87 -1.9% 1.1% NON OECD 1,086.40 1,365.53 1,682.96 1,748.87 1,779.91 1,823.57 1,838.99 0.8% 3.8% Africa World OPEC NON OPEC 214.48 290.81 393.74 419.78 443.64 451.41 473.29 4.8% 5.8% 2,251.00 2,513.23 2,867.65 2,903.74 2,939.33 3,007.66 2,970.57 -1.2% 2.0% World Natural Gas Consumption (2014) 3,443.86 billion cubic metres World Natural Gas Consumption Growth (2000-2014) 978.37 billion cubic metres (*) Data source: the original data are from IEA Extended Balances © OECD/International Energy Agency, 2015 and other sources. Data have been converted by Eni using a unified gross calorific value of 39 MJ/cm World Oil and Gas Review 2015 51 Natural Gas Consumption The World Top 10 Consumers (*) (billion cubic metres) 2000 United States Russia China Iran Japan Canada Saudi Arabia Germany Mexico United Kingdom The World Top 10 Rest of the World World 2005 2010 2011 2012 2013 2014 ∆ y/y (2014-2013) CAGR (2014-2000) 653.26 380.47 24.75 62.77 78.32 88.56 36.71 85.70 34.50 104.24 604.94 417.04 46.26 99.99 84.18 96.24 54.82 92.77 45.41 101.94 663.21 457.44 105.66 145.68 102.62 93.82 71.44 90.53 63.54 101.44 678.34 472.28 128.54 154.10 119.37 99.70 72.76 83.00 67.07 84.10 709.52 461.70 143.80 153.04 125.63 99.60 79.00 83.27 69.75 79.34 727.44 471.29 167.22 155.31 126.77 103.81 79.84 87.19 73.37 78.34 746.67 450.03 181.60 173.64 128.63 104.03 81.04 76.47 73.71 71.25 2.6% -4.5% 8.6% 11.8% 1.5% 0.2% 1.5% -12.3% 0.5% -9.1% 1.0% 1.2% 15.3% 7.5% 3.6% 1.2% 5.8% -0.8% 5.6% -2.7% 1,549.29 1,643.59 1,895.37 1,959.27 2,004.65 2,070.58 2,087.06 0.8% 2.2% 916.19 1,160.45 1,366.02 1,364.24 1,378.32 1,388.49 1,356.80 -2.3% 2.8% 2,465.49 2,804.04 3,261.39 3,323.51 3,382.97 3,459.07 3,443.86 -0.4% 2.4% The World top 10 (2014) (*) Data source: the original data are from IEA Extended Balances © OECD/International Energy Agency, 2015. Data have been converted by Eni using a unified gross calorific value of 39 MJ/cm World Oil and Gas Review 2015 52 Natural Gas Consumption Countries (*) (billion cubic metres) 2000 Europe Albania Austria Belarus Belgium Bosnia Herzegovina Bulgaria Croatia Czech Republic Denmark Estonia Finland France Germany Greece Hungary Ireland Italia Latvia Lithuania Luxembourg Macedonia Moldova Netherlands Norway Poland Portugal Romania Serbia and Montenegro Slovakia Slovenia Spain Sweden Switzerland Turkey Ukraine United Kingdom 591.06 0.01 7.77 17.01 15.94 0.24 3.50 2.64 8.95 5.31 0.79 4.08 42.66 85.70 2.03 11.52 4.10 69.11 1.30 2.46 0.80 0.06 2.54 41.74 4.94 11.88 2.43 16.32 1.83 6.89 0.98 18.15 0.93 2.90 15.07 74.27 104.24 2000 2005 672.57 0.01 9.73 20.21 17.57 0.36 3.34 2.83 9.19 5.25 0.95 4.29 48.93 92.77 2.81 14.42 4.14 84.27 1.62 2.95 1.40 0.07 2.85 42.13 4.86 14.59 4.47 16.61 2.32 7.02 1.11 35.59 1.00 3.32 27.18 80.46 101.94 2005 2010 676.55 0.01 9.80 21.65 20.27 0.24 2.74 3.14 9.62 5.27 0.67 4.58 50.74 90.53 3.86 11.71 5.58 81.18 1.74 2.97 1.43 0.11 2.76 46.76 9.25 15.27 5.35 12.87 2.21 5.97 1.03 37.13 1.75 3.59 37.44 65.89 101.44 2010 2011 616.47 0.01 9.29 20.50 18.04 0.27 3.14 3.07 8.12 4.43 0.60 4.01 44.18 83.00 4.74 11.16 4.91 76.12 1.54 3.24 1.23 0.13 2.69 40.79 5.77 15.31 5.32 13.24 2.27 5.53 0.88 34.51 1.38 3.18 43.88 55.88 84.10 2011 2012 599.05 0.02 8.84 20.20 17.13 0.25 2.92 2.88 8.18 4.16 0.65 3.58 45.58 83.27 4.37 9.99 4.79 73.19 1.44 3.17 1.25 0.14 2.67 39.11 5.48 16.32 4.69 12.85 2.00 5.21 0.85 34.08 1.20 3.49 44.44 51.32 79.34 2012 2013 588.80 0.02 8.36 20.38 17.17 0.19 2.85 2.72 8.28 3.95 0.66 3.41 46.52 87.19 3.86 9.06 4.61 68.45 1.44 2.58 1.06 0.15 2.07 39.42 6.84 16.37 4.48 11.68 2.23 5.74 0.83 31.20 1.14 3.68 44.79 47.06 78.34 2013 2014 524.08 0.03 7.61 20.07 15.08 0.16 2.85 2.28 7.36 3.37 0.52 3.00 38.50 76.47 2.96 8.32 4.45 60.48 1.29 2.51 1.01 0.15 2.45 33.91 6.02 15.98 4.14 11.00 2.30 3.98 0.75 28.23 0.95 3.18 47.58 33.88 71.25 2014 ∆ y/y (2014-2013) -11.0% 68.4% -9.0% -1.5% -12.2% -15.5% 0.1% -16.2% -11.1% -14.9% -21.5% -12.0% -17.2% -12.3% -23.2% -8.2% -3.5% -11.6% -10.1% -3.0% -5.3% 0.0% 18.2% -14.0% -12.0% -2.4% -7.7% -5.8% 3.2% -30.6% -9.4% -9.5% -16.9% -13.4% 6.2% -28.0% -9.1% ∆ y/y (2014-2013) CAGR (2014-2000) -0.9% 7.4% -0.2% 1.2% -0.4% -2.6% -1.4% -1.0% -1.4% -3.2% -2.9% -2.2% -0.7% -0.8% 2.7% -2.3% 0.6% -0.9% -0.1% 0.1% 1.6% 6.4% -0.2% -1.5% 1.4% 2.1% 3.9% -2.8% 1.6% -3.8% -1.9% 3.2% 0.2% 0.7% 8.6% -5.5% -2.7% CAGR (2013-2000) Russia and Central Asia 460.68 510.39 561.74 587.89 578.64 585.85 572.58 -2.3% Russia 380.47 417.04 457.44 472.28 461.70 471.29 450.03 -4.5% 1.2% 1.34 1.60 1.54 1.89 2.30 2.22 2.34 5.4% 4.1% 5.2% Armenia 1.6% Azerbaijan 5.76 9.66 9.36 9.91 10.79 10.79 11.73 8.7% Georgia 1.14 1.27 1.21 1.80 1.97 1.66 1.65 0.0% 2.7% Kazakhstan 7.84 14.86 26.62 29.13 26.63 30.31 30.31 0.0% 10.1% Kyrgyzstan 0.68 0.74 0.29 0.33 0.43 0.33 0.33 0.0% -5.2% Tajikistan 0.75 0.64 0.19 0.19 0.14 0.30 0.30 0.1% -6.3% Turkmenistan 13.00 17.00 20.68 22.77 23.49 24.13 29.23 21.1% 6.0% Uzbekistan 49.70 47.60 44.40 49.58 51.20 44.81 46.66 4.1% -0.5% (*) (**) Data source: the original data are from IEA Extended Balances © OECD/International Energy Agency, 2015. Data have been converted by Eni using a unified gross calorific value of 39 MJ/cm The original data are from Italian Ministry for Economic Development World Oil and Gas Review 2015 53 Natural Gas Consumption Countries (*) (billion cubic metres) 2000 Middle East Bahrain Iran Iraq Israel Jordan Kuwait Lebanon Oman Qatar Saudi Arabia Syria United Arab Emirates Yemen 176.49 8.17 62.77 3.07 0.01 0.25 9.35 0.00 6.59 11.30 36.71 5.51 32.77 0.00 2000 Africa Algeria Angola Cameroon Congo Côte d'Ivoire Dem. Rep. Congo Egypt Gabon Ghana Libya Morocco Mozambique Nigeria Senegal South Africa Tanzania Tunisia 56.28 20.08 0.56 0.00 0.00 1.51 0.00 17.22 0.12 0.00 4.95 0.05 0.00 6.87 0.00 1.67 0.00 3.26 2000 Asia - Pacific Australia Bangladesh Brunei China Hong Kong India Indonesia Japan Malaysia Myanmar New Zealand Pakistan Philippines Singapore South Korea Taiwan Thailand Vietnam (*) 305.95 22.99 8.41 2.21 24.75 2.92 27.51 31.68 78.32 29.49 1.43 6.03 19.88 0.01 1.33 20.29 6.63 20.71 1.34 2005 255.22 10.04 99.99 1.77 1.57 1.65 11.98 0.00 10.30 16.43 54.82 5.90 40.77 0.00 2005 86.90 24.48 0.63 0.00 0.02 1.49 0.00 35.76 0.15 0.00 5.75 0.45 0.02 10.75 0.02 3.29 0.40 3.69 2005 408.02 22.63 12.51 2.19 46.26 2.61 37.94 34.91 84.18 38.01 2.73 3.85 30.59 3.22 6.64 32.65 10.57 30.93 5.60 2010 372.98 12.61 145.68 5.00 5.25 2.73 14.14 0.25 19.32 27.35 71.44 9.31 58.89 1.01 2010 103.57 27.81 0.71 0.31 0.10 1.58 0.01 42.71 0.32 0.42 6.83 0.68 0.08 10.53 0.02 4.62 0.77 6.06 2010 579.37 33.92 20.53 3.19 105.66 3.74 64.88 46.30 102.62 37.21 1.53 4.45 32.17 3.64 8.60 46.08 15.85 39.32 9.69 2011 392.79 12.64 154.10 5.97 4.87 1.04 16.56 0.00 21.52 33.91 72.76 7.85 60.89 0.68 2011 112.14 29.56 0.73 0.22 0.15 1.56 0.01 46.55 0.36 0.83 5.30 0.86 0.09 14.59 0.02 4.59 0.85 5.87 2011 619.24 35.68 20.65 3.80 128.54 2.97 65.61 42.53 119.37 37.76 1.69 4.07 32.14 3.93 8.69 49.60 16.73 36.74 8.74 2012 407.07 12.72 153.04 5.88 2.51 0.79 17.70 0.00 21.70 42.75 79.00 6.23 63.96 0.79 2012 117.94 33.41 0.74 0.27 0.21 1.70 0.01 46.67 0.37 0.42 5.58 1.27 0.09 15.05 0.03 4.81 0.97 6.34 2012 643.00 33.53 21.74 3.71 143.80 2.74 58.37 41.75 125.63 38.66 1.86 4.58 32.37 3.77 9.42 53.64 15.80 41.98 9.64 2013 424.29 13.88 155.31 7.11 6.85 1.08 18.01 0.00 23.68 46.80 79.84 5.46 65.20 1.07 2013 117.73 34.11 0.40 0.46 0.22 1.91 0.01 47.65 0.41 0.31 4.58 1.23 0.17 14.07 0.04 4.88 0.97 6.32 2013 674.52 35.45 22.61 2.93 167.22 2.58 53.06 39.03 126.77 45.49 2.19 4.75 30.73 3.47 10.60 56.79 15.66 45.14 10.05 2014 445.90 14.64 173.64 6.98 7.45 1.09 19.49 0.00 22.85 45.45 81.04 5.03 67.79 0.46 2014 116.69 35.41 0.40 0.46 0.22 1.91 0.01 44.49 0.41 0.31 3.89 1.28 0.02 14.21 0.04 5.22 0.97 7.45 2014 690.78 37.88 23.53 3.57 181.60 2.50 51.84 39.50 128.63 45.99 0.20 5.22 30.27 3.65 10.89 51.52 17.08 46.36 10.53 ∆ y/y (2014-2013) CAGR (2014-2000) 5.1% 5.5% 11.8% -2.0% 8.8% 0.9% 8.2% 6.8% 4.3% 7.5% 6.0% 61.1% 11.0% 5.4% -3.5% -2.9% 1.5% -7.9% 4.0% -56.6% 9.3% 10.5% 5.8% -0.6% 5.3% ∆ y/y (2014-2013) -0.9% 3.8% 0.0% 0.0% 0.0% 0.0% 3.3% -6.6% 0.0% -0.1% -15.1% 3.7% -87.9% 1.0% 14.7% 6.9% 0.0% 17.8% ∆ y/y (2014-2013) 2.4% 6.8% 4.1% 21.8% 8.6% -3.3% -2.3% 1.2% 1.5% 1.1% -90.7% 10.1% -1.5% 5.3% 2.8% -9.3% 9.1% 2.7% 4.8% CAGR (2014-2000) 5.3% 4.1% -2.4% 1.7% 7.0% 9.0% -1.7% 26.9% 23.9% 5.3% 35.0% 8.5% 6.1% CAGR (2014-2000) 6.0% 3.6% 7.6% 3.5% 15.3% -1.1% 4.6% 1.6% 3.6% 3.2% -13.0% -1.0% 3.0% 52.0% 16.2% 6.9% 7.0% 5.9% 15.9% Data source: the original data are from IEA Extended Balances © OECD/International Energy Agency, 2015. Data have been converted by Eni using a unified gross calorific value of 39 MJ/cm World Oil and Gas Review 2015 54 Natural Gas Consumption Countries (*) (billion cubic metres) 2000 Americas Argentina Bolivia Brazil Canada Chile Colombia Cuba Dominican Republic Ecuador Mexico Peru Trinidad and Tobago United States Uruguay Venezuela (*) 875.03 36.30 2.79 9.44 88.56 6.21 6.51 0.54 0.00 0.00 34.50 0.59 10.22 653.26 0.04 26.06 2005 870.94 42.72 2.35 19.95 96.24 8.11 7.30 0.72 0.20 0.33 45.41 1.94 17.53 604.94 0.11 23.10 2010 967.19 45.30 3.05 27.46 93.82 5.33 9.82 1.02 0.77 0.51 63.54 6.56 21.89 663.21 0.08 24.85 2011 994.99 48.25 3.22 27.30 99.70 5.45 9.03 0.97 0.87 0.45 67.07 7.70 21.60 678.34 0.09 24.95 2012 1,037.28 49.71 3.66 32.48 99.60 5.11 9.44 0.98 1.13 0.61 69.75 8.14 21.15 709.52 0.06 25.92 2013 1,067.87 50.01 3.69 38.26 103.81 4.84 10.03 1.01 1.02 0.69 73.37 6.96 21.40 727.44 0.06 25.28 2014 1,093.83 49.81 4.34 42.32 104.03 4.65 10.96 0.99 0.98 0.73 73.71 8.59 21.72 746.67 0.06 24.27 ∆ y/y (2014-2013) 2.4% -0.4% 17.4% 10.6% 0.2% -3.8% 9.3% -1.9% -3.3% 5.4% 0.5% 23.4% 1.5% 2.6% 0.6% -4.0% CAGR (2014-2000) 1.6% 2.3% 3.2% 11.3% 1.2% -2.0% 3.8% 4.4% 5.6% 21.1% 5.5% 1.0% 3.5% -0.5% Data source: the original data are from IEA Extended Balances © OECD/International Energy Agency, 2015. Data have been converted by Eni using a unified gross calorific value of 39 MJ/cm World Oil and Gas Review 2015 55 Natural Gas Per Capita Consumption Areas and Aggregates (*) (cubic metres) 2000 2005 2010 2011 2012 2013 2014 Europe Russia and Central Asia Middle East Africa Asia - Pacific Americas 922 2,116 1,062 77 90 1,051 1,030 2,344 1,365 105 113 985 1,015 2,532 1,756 111 153 1,036 922 2,640 1,809 119 162 1,056 894 2,590 1,836 122 166 1,090 876 2,614 1,877 119 173 1,111 777 2,548 1,936 115 175 1,127 - North America - Latin America 2,367 256 2,133 306 2,200 357 2,245 364 2,317 379 2,363 388 2,399 395 World 403 431 472 476 479 484 477 European Union 981 1,080 1,065 959 931 914 807 MENA 722 961 1,216 1,255 1,282 1,304 1,331 OECD NON OECD 1,196 219 1,203 257 1,274 297 1,263 305 1,278 307 1,297 310 1,265 309 OPEC NON OPEC 658 389 795 409 955 441 995 443 1,028 443 1,022 449 1,048 439 Per Capita Consumption (2014) World: 477 cubic metres (*) Data source: Eni’s calculations. The original data are from IEA Extended Balances© OECD/International Energy Agency, 2015, IHS Global Insight and other sources World Oil and Gas Review 2015 56 Natural Gas Per Capita Consumption The World Top 10 Consumers Ranked by Per Capita Consumption (*) (cubic metres) 2000 2005 2010 2011 2012 2013 2014 Russia 2,592 2,897 3,185 3,293 3,225 3,300 3,159 Canada 2,890 2,988 2,763 2,907 2,870 2,958 2,931 Saudi Arabia 1,822 2,220 2,621 2,621 2,793 2,770 2,759 United States 2,310 2,041 2,139 2,172 2,256 2,297 2,340 952 1,425 1,956 2,043 2,003 2,005 2,213 1,770 1,687 1,616 1,329 1,245 1,222 1,104 Iran United Kingdom Japan 623 663 806 938 987 997 1,013 1,043 1,125 1,107 1,015 1,017 1,062 928 Mexico 332 410 539 562 577 600 595 China 20 35 79 95 106 123 133 Germany The World Top 10 (2014) (*) Data source: Eni’s calculations. The original data are from IEA Extended Balances© OECD/International Energy Agency, 2015 and IHS Global Insight World Oil and Gas Review 2015 57 Natural Gas Per Capita Consumption Countries (*) (cubic metres) 2000 Europe Albania Austria Belarus Belgium Bosnia Herzegovina Bulgaria Croatia Czech Republic Denmark Estonia Finland France Germany Greece Hungary Ireland Italy(**) Latvia Lithuania Luxembourg Macedonia Moldova Netherlands Norway Poland Portugal Romania Serbia and Montenegro Slovakia Slovenia Spain Sweden Switzerland Turkey Ukraine United Kingdom 922 4 970 1,704 1,553 63 437 589 871 994 578 788 723 1,043 185 1,127 1,077 1,219 549 704 1,832 32 696 2,631 1,101 310 235 729 221 1,275 495 448 104 404 239 1,514 1,770 2000 Russia and Central Asia Russia Armenia Azerbaijan Georgia Kazakhstan Kyrgyzstan Tajikistan Turkmenistan Uzbekistan (*) (**) 2,116 2,592 434 709 240 538 138 121 2,889 2,002 2005 1,030 4 1,183 2,091 1,672 94 435 644 898 968 720 818 800 1,125 254 1,428 995 1,444 727 899 3,012 37 792 2,584 1,050 382 426 751 288 1,302 554 807 111 446 401 1,707 1,687 2005 2,344 2,897 521 1,128 283 987 146 94 3,580 1,828 2010 1,015 5 1,171 2,281 1,853 62 371 724 915 950 517 853 807 1,107 347 1,169 1,250 1,348 834 969 2,812 54 774 2,815 1,891 400 506 589 279 1,099 501 790 186 459 519 1,431 1,616 2010 2,532 3,185 498 1,030 276 1,672 55 25 4,102 1,599 2011 922 5 1,107 2,169 1,639 71 428 709 774 795 464 744 699 1,015 426 1,117 1,085 1,260 741 1,065 2,370 63 756 2,448 1,167 401 502 607 288 1,023 427 731 146 402 601 1,220 1,329 2011 2,640 3,293 610 1,077 411 1,809 61 25 4,459 1,761 2012 894 6 1,049 2,148 1,549 65 402 668 778 742 504 663 717 1,017 393 1,006 1,046 1,208 701 1,045 2,359 65 751 2,340 1,098 427 442 591 256 962 410 721 126 436 601 1,127 1,245 2012 2,590 3,225 740 1,159 451 1,637 78 18 4,540 1,794 2013 876 6 986 2,179 1,546 51 394 634 788 704 514 628 729 1,062 347 915 997 1,128 701 856 1,946 73 583 2,353 1,357 428 422 538 286 1,060 398 663 119 454 598 1,040 1,222 2013 2,614 3,300 713 1,147 381 1,844 59 37 4,605 1,549 2014 777 10 890 2,157 1,353 43 398 534 700 597 405 551 600 928 266 843 952 995 633 833 1,801 73 689 2,020 1,183 418 390 508 296 735 360 598 98 389 627 754 1,104 2014 2,548 3,159 750 1,233 383 1,825 58 36 5,507 1,591 Data source: Eni’s calculations. The original data are from IEA Extended Balances © OECD/International Energy Agency, 2015 and IHS Global Insight The original data are from Italian Ministry for Economic Development and IHS Global Insight World Oil and Gas Review 2015 58 Natural Gas Per Capita Consumption Countries (*) (cubic metres) 2000 Middle East Bahrain Iran Iraq Israel Jordan Kuwait Lebanon Oman Qatar Saudi Arabia Syria United Arab Emirates Yemen 1,062 12,219 952 129 2 53 4,906 0 3,007 19,025 1,822 337 10,827 0 2000 Africa Algeria Angola Cameroon Côte d'Ivoire Egypt Gabon Libya Morocco Mozambique Nigeria Senegal South Africa Tanzania Tunisia (*) 77 633 40 0 94 260 99 956 2 0 56 0 37 0 341 2005 1,365 11,414 1,425 65 237 315 5,218 0 4,086 20,003 2,220 325 9,826 0 2005 105 721 38 0 86 498 106 1,028 15 1 77 2 68 10 367 2010 1,756 10,072 1,956 161 708 423 4,726 58 6,892 15,633 2,621 432 6,976 45 2010 111 750 37 15 83 547 206 1,131 21 3 66 2 90 17 570 2011 1,809 9,779 2,043 188 646 155 5,298 0 7,115 17,748 2,621 360 6,822 29 2011 119 783 36 10 80 586 226 868 27 4 89 1 88 18 546 2012 1,836 9,656 2,003 179 328 112 5,444 0 6,548 20,847 2,793 285 6,948 33 2012 122 868 36 12 86 578 227 907 39 4 89 2 92 20 583 2013 1,877 10,418 2,005 211 885 149 5,348 0 6,518 21,582 2,770 249 6,976 44 2013 119 870 19 21 94 581 243 738 37 6 81 3 92 19 575 2014 1,936 10,894 2,213 201 952 145 5,603 5,819 20,039 2,759 229 7,177 19 2014 115 887 18 20 92 534 237 622 38 1 80 3 98 19 670 Data source: Eni’s calculations. The original data are from IEA Extended Balances© OECD/International Energy Agency, 2015 and IHS Global Insight World Oil and Gas Review 2015 59 Natural Gas Per Capita Consumption Countries (*) (cubic metres) 2000 Asia - Pacific Australia Bangladesh Brunei China Hong Kong India Indonesia Japan Malaysia Myanmar New Zealand Pakistan Philippines Singapore South Korea Taiwan Thailand Vietnam 90 1,194 64 6,652 20 428 26 152 623 1,259 28 1,564 138 0 341 441 300 332 17 2000 Americas Argentina Bolivia Brazil Canada Chile Colombia Cuba Dominican Republic Ecuador Mexico Peru Trinidad and Tobago United States Uruguay Venezuela (*) 1,051 984 329 54 2,890 402 164 49 0 0 332 23 8,056 2,310 11 1,068 2005 113 1,103 87 5,961 35 378 34 156 663 1,471 49 931 194 38 1,478 694 467 472 66 2005 985 1,105 251 107 2,988 496 170 64 21 24 410 70 13,520 2,041 32 864 2010 153 1,514 136 7,971 79 530 54 192 806 1,316 26 1,018 186 39 1,694 951 688 592 109 2010 1,036 1,122 300 141 2,763 311 212 90 77 34 539 224 16,484 2,139 23 856 2011 162 1,569 135 9,345 95 419 54 174 938 1,313 28 922 182 41 1,674 1,018 725 552 97 2011 1,056 1,185 312 139 2,907 315 192 86 86 29 562 260 16,205 2,172 25 846 2012 166 1,455 141 8,993 106 383 47 169 987 1,322 30 1,027 181 39 1,777 1,095 682 629 106 2012 1,090 1,210 349 164 2,870 293 199 87 110 39 577 271 15,812 2,256 18 865 2013 173 1,519 144 7,016 123 358 42 156 997 1,531 35 1,053 169 35 1,958 1,153 674 674 110 2013 1,111 1,207 346 191 2,958 274 208 90 98 44 600 229 15,959 2,297 17 831 2014 175 1,603 148 8,439 133 344 41 156 1,013 1,524 3 1,148 164 37 1,974 1,041 734 690 114 2014 1,127 1,192 400 209 2,931 262 225 88 93 45 595 279 16,162 2,340 17 787 Data source: Eni’s calculations. The original data are from IEA Extended Balances© OECD/International Energy Agency, 2015 and IHS Global Insight World Oil and Gas Review 2015 60 Natural Gas Production/Consumption Ratio Areas and Aggregates (*) 2000 2005 2010 2011 2012 2013 2014 Europe 0.55 0.50 0.48 0.48 0.50 0.50 0.52 Russia and Central Asia 1.47 1.49 1.41 1.41 1.43 1.47 1.45 Middle East 1.13 1.19 1.26 1.28 1.29 1.32 1.27 Africa 2.21 2.13 1.95 1.74 1.73 1.66 1.62 Asia - Pacific 0.94 0.91 0.82 0.77 0.74 0.74 0.74 Americas 0.97 0.99 0.99 1.01 1.00 0.99 1.01 - North America - Latin America 0.96 1.01 0.98 1.03 0.99 1.00 1.02 1.00 1.01 0.96 1.00 0.94 1.03 0.93 World 1.00 1.00 0.99 1.00 1.00 1.00 1.01 European Union 0.53 0.43 0.36 0.35 0.34 0.34 0.34 MENA 1.39 1.40 1.38 1.35 1.36 1.37 1.31 OECD NON OECD 0.78 1.27 0.75 1.28 0.73 1.23 0.75 1.22 0.75 1.22 0.74 1.23 0.78 1.21 OPEC NON OPEC 1.41 0.96 1.41 0.96 1.44 0.93 1.40 0.94 1.41 0.93 1.42 0.94 1.38 0.95 Production/Consumption Ratio (2014) (*) Data source: Eni's calculations. The original data are from IEA Extended Balances © OECD/International Energy Agency, 2015 and other sources World Oil and Gas Review 2015 61 Natural Gas Production/Consumption Ratio The World Top 10 Producers Ranked by Production/Consumption Ratio (*) 2000 Norway 2005 2010 2011 2012 2013 2014 11.17 18.43 12.28 18.55 21.92 16.67 18.82 Qatar 2.30 2.89 4.68 4.18 3.58 3.70 3.74 Turkmenistan 3.51 3.60 2.13 2.82 2.86 3.16 2.89 Algeria 4.15 3.68 3.09 2.81 2.59 2.41 2.28 Canada 2.00 1.91 1.68 1.58 1.56 1.50 1.55 Russia 1.48 1.48 1.41 1.40 1.40 1.43 1.40 Saudi Arabia 1.00 1.00 1.00 1.00 1.00 1.00 1.01 Iran 0.95 1.00 1.00 0.98 1.03 1.03 0.98 United States 0.82 0.83 0.89 0.93 0.94 0.93 0.96 China 1.10 1.06 0.90 0.80 0.74 0.72 0.72 The World Top 10 (2014) (*) Data source: Eni's calculations. The original data are from IEA Extended Balances © OECD/International Energy Agency, 2015 World Oil and Gas Review 2015 62 Natural Gas Production/Consumption Ratio Countries (*) 2000 Europe Albania Austria Belarus Bulgaria Croatia Czech Republic Denmark France Germany Greece Hungary Ireland Italy (**) Netherlands Norway Poland Romania Serbia and Montenegro Slovakia Slovenia Spain Turkey Ukraine United Kingdom 0.55 1.00 0.24 0.01 0.00 0.61 0.02 1.67 0.04 0.22 0.02 0.26 0.28 0.24 1.49 11.17 0.33 0.80 0.41 0.02 0.01 0.01 0.04 0.24 1.12 2000 Russia and Central Asia Russia Azerbaijan Georgia Kazakhstan Kyrgyzstan Tajikistan Turkmenistan Uzbekistan (*) (**) 1.47 1.48 0.95 0.06 1.16 0.05 0.05 3.51 1.10 2005 0.50 1.00 0.17 0.01 0.14 0.79 0.02 2.13 0.02 0.18 0.01 0.19 0.13 0.14 1.59 18.43 0.32 0.70 0.12 0.02 0.00 0.00 0.03 0.26 0.93 2005 1.49 1.48 0.57 0.01 1.27 0.03 0.04 3.60 1.23 2010 0.48 1.00 0.18 0.01 0.03 0.84 0.02 1.66 0.02 0.15 0.00 0.23 0.05 0.10 1.62 12.28 0.29 0.80 0.17 0.02 0.01 0.00 0.02 0.28 0.61 2010 1.41 1.41 1.78 0.01 1.10 0.08 0.12 2.13 1.32 2011 0.48 1.00 0.19 0.01 0.13 0.78 0.03 1.59 0.01 0.16 0.00 0.23 0.04 0.11 1.69 18.55 0.30 0.78 0.21 0.02 0.00 0.00 0.02 0.33 0.58 2011 1.41 1.40 1.65 0.00 1.04 0.08 0.09 2.82 1.24 2012 0.50 1.00 0.21 0.01 0.13 0.68 0.03 1.48 0.01 0.14 0.00 0.21 0.05 0.11 1.75 21.92 0.29 0.81 0.25 0.03 0.00 0.00 0.01 0.36 0.53 2012 1.43 1.40 1.64 0.00 1.28 0.07 0.08 2.86 1.19 2013 0.50 1.00 0.16 0.01 0.09 0.66 0.03 1.29 0.01 0.12 0.00 0.20 0.04 0.11 1.87 16.67 0.28 0.88 0.23 0.02 0.00 0.00 0.01 0.41 0.50 2013 1.47 1.43 1.70 0.00 1.21 0.10 0.01 3.16 1.29 2014 0.52 1.03 0.16 0.01 0.06 0.73 0.03 1.46 0.00 0.12 0.00 0.21 0.03 0.12 1.76 18.82 0.28 0.95 0.22 0.03 0.00 0.00 0.01 0.52 0.55 2014 1.45 1.40 1.75 0.00 1.25 0.10 0.01 2.89 1.25 Data source: Eni's calculations. The original data are from IEA Extended Balances © OECD/International Energy Agency, 2015 The original data are from Italian Ministry for Economic Development World Oil and Gas Review 2015 63 Natural Gas Production/Consumption Ratio Countries (*) 2000 Middle East Bahrain Iran Iraq Israel Jordan Kuwait Oman Qatar Saudi Arabia Syria United Arab Emirates Yemen 1.13 1.00 0.95 1.00 1.00 1.00 1.00 1.66 2.30 1.00 1.00 1.22 2000 Africa Algeria Angola Côte d'Ivoire Egypt Gabon Libya Morocco Nigeria Senegal South Africa Tanzania Tunisia 2.21 4.15 1.00 1.00 1.00 1.00 1.16 1.00 1.77 1.00 1.00 0.69 2000 Asia - Pacific Australia Bangladesh Brunei China India Indonesia Japan Malaysia Myanmar New Zealand Pakistan Philippines South Korea Taiwan Thailand Vietnam (*) 0.94 1.48 1.05 5.12 1.10 1.00 2.30 0.03 1.72 4.32 1.00 1.00 1.00 0.00 0.11 0.90 1.00 2005 1.19 0.99 1.00 1.00 1.00 0.13 1.00 2.21 2.89 1.00 1.00 1.14 2005 2.13 3.68 1.00 1.00 1.42 1.00 1.91 0.09 2.19 1.00 0.65 1.00 0.64 2005 0.91 1.65 1.03 5.44 1.06 0.82 2.24 0.04 1.74 4.50 1.00 1.00 1.00 0.02 0.05 0.71 1.28 2010 1.26 1.00 1.00 1.00 0.61 0.06 0.81 1.55 4.68 1.00 0.93 0.84 6.57 2010 1.95 3.09 1.00 1.00 1.30 1.00 2.40 0.08 3.01 1.02 0.33 1.00 0.61 2010 0.82 1.56 0.97 3.84 0.90 0.79 1.93 0.04 1.64 7.92 1.03 1.00 1.00 0.01 0.02 0.75 1.00 2011 1.28 1.00 0.98 1.00 0.86 0.15 0.80 1.45 4.18 1.00 0.97 0.83 14.24 2011 1.74 2.81 1.00 1.00 1.18 1.00 1.44 0.07 2.56 2.11 0.29 1.00 0.59 2011 0.77 1.59 0.97 3.36 0.80 0.71 1.99 0.03 1.66 7.11 1.02 1.00 1.00 0.01 0.02 0.71 1.00 2012 1.29 1.00 1.03 1.00 0.98 0.18 0.85 1.44 3.58 1.00 1.00 0.82 9.87 2012 1.73 2.59 1.00 1.00 1.13 1.00 2.13 0.06 2.67 1.50 0.24 1.00 0.53 2012 0.74 1.62 0.96 3.38 0.74 0.68 1.92 0.03 1.59 6.48 0.99 1.00 1.00 0.01 0.02 0.74 1.00 2013 1.32 1.00 1.03 1.00 0.92 0.12 0.88 1.43 3.70 1.00 1.00 0.81 9.93 2013 1.66 2.41 2.27 1.00 1.13 1.00 2.21 0.08 2.57 1.14 0.25 1.00 0.53 2013 0.74 1.75 1.00 4.15 0.72 0.65 1.92 0.03 1.53 5.66 1.01 1.00 1.00 0.01 0.02 0.75 1.00 2014 1.27 1.00 0.98 1.00 0.99 0.12 0.75 1.39 3.74 1.01 1.00 0.79 21.60 2014 1.62 2.28 2.06 1.00 1.05 1.00 2.40 0.08 2.76 1.00 0.23 1.00 0.45 2014 0.74 1.67 1.00 3.31 0.72 0.65 1.89 0.02 1.52 72.42 1.00 1.00 1.00 0.01 0.02 0.74 1.00 Data source: Eni's calculations. The original data are from IEA Extended Balances © OECD/International Energy Agency, 2015 World Oil and Gas Review 2015 64 Natural Gas Production/Consumption Ratio Countries (*) 2000 Americas Argentina Bolivia Brazil Canada Chile Colombia Cuba Ecuador Mexico Peru Trinidad and Tobago United States Venezuela (*) 0.97 1.13 1.72 0.77 2.00 0.31 1.00 1.00 0.92 1.00 1.42 0.82 1.00 2005 0.99 1.11 5.21 0.55 1.91 0.24 1.00 1.00 1.00 0.80 1.00 1.80 0.83 1.00 2010 0.99 0.93 4.83 0.54 1.68 0.35 1.15 1.00 1.00 0.79 1.39 1.95 0.89 0.92 2011 1.01 0.86 4.97 0.62 1.58 0.27 1.21 1.00 1.00 0.74 1.82 1.89 0.93 0.92 2012 1.00 0.82 4.98 0.60 1.56 0.24 1.18 1.00 1.00 0.69 1.76 1.94 0.94 0.93 2013 0.99 0.77 5.63 0.56 1.50 0.20 1.17 1.00 1.00 0.66 2.05 1.92 0.93 0.92 2014 1.01 0.77 5.07 0.54 1.55 0.20 1.06 1.02 1.02 0.64 1.76 1.93 0.96 0.97 Data source: Eni's calculations. The original data are from IEA Extended Balances © OECD/International Energy Agency, 2015 World Oil and Gas Review 2015 65 Natural Gas Exports The World Top 10 Exporters(*) (billion cubic metres) 2000 2005 2010 2011 2012 2013 2014 ∆ y/y (2014-2013) CAGR (2014-2000) Russia 186.76 199.68 183.88 197.17 189.42 207.66 184.15 -11.3% -0.1% Qatar 14.69 31.12 100.62 107.82 110.48 126.47 126.22 -0.2% 16.6% Norway 50.26 84.64 104.35 101.22 114.72 107.17 107.28 0.1% 5.6% Canada 98.61 104.24 94.40 91.67 87.69 82.12 77.66 -5.4% -1.7% Turkmenistan 32.57 44.20 23.32 41.54 43.59 52.06 55.19 6.0% 3.8% Netherlands 35.38 44.58 50.88 47.74 51.63 57.50 50.62 -12.0% 2.6% Algeria 63.23 65.70 58.02 53.44 53.09 48.07 45.48 -5.4% -2.3% 6.65 19.91 31.19 41.29 44.24 42.93 41.34 -3.7% 13.9% Indonesia 41.27 43.30 42.92 42.26 38.55 36.06 35.08 -2.7% -1.2% Malaysia 21.27 29.63 32.00 33.40 32.10 34.09 33.75 -1.0% 3.4% 550.67 667.00 721.57 757.54 765.50 794.13 756.77 -4.7% 2.3% 93.70 197.86 259.26 254.80 257.70 273.95 270.38 -1.3% 7.9% 644.38 864.86 980.83 1,012.34 1,023.20 1,068.08 1,027.15 -3.8% 3.4% United States The World Top 10 Rest of the world World The World Top 10 (2014) (*) Data source: the original data are from IEA Extended Balances © OECD/International Energy Agency, 2015. Data have been converted by Eni using a unified gross calorific value of 39 MJ/cm World Oil and Gas Review 2015 66 Natural Gas Exports Countries (*) (billion cubic metres) 2000 Europe Austria Belgium Croatia Czech Republic Denmark France Germany Hungary Italy Netherlands Norway Poland Slovakia Spain Turkey Ukraine United Kingdom 0.02 0.00 0.00 0.00 3.44 0.81 5.03 0.08 0.05 35.38 50.26 0.04 0.00 0.00 0.00 2.87 13.51 2000 Russia and Central Asia Russia Armenia Azerbaijan Kazakhstan Turkmenistan Uzbekistan 186.76 0.00 0.00 5.22 32.57 6.66 2000 Middle East Iran Oman Qatar United Arab Emirates Yemen 0.00 4.37 14.69 7.07 0.00 2000 Africa Algeria Angola Egypt Libya Mozambique Nigeria (*) 63.23 0.00 0.00 0.78 0.00 5.27 2005 1.05 0.00 0.44 0.08 5.98 1.08 20.23 0.00 0.39 44.58 84.64 0.04 0.37 0.00 0.00 2.66 8.88 2005 199.68 0.00 0.00 15.43 44.20 12.05 2005 4.78 12.50 31.12 7.14 0.00 2005 65.70 0.00 15.08 5.26 2.21 12.83 2010 4.99 3.28 0.47 0.16 3.77 3.05 20.46 0.22 0.14 50.88 104.35 0.04 0.00 1.20 0.64 0.01 16.28 2010 183.88 0.00 6.20 6.23 23.32 13.99 2010 8.57 12.58 100.62 7.63 5.64 2010 58.02 0.00 12.64 9.55 3.12 21.18 2011 3.65 4.32 0.25 0.16 3.33 4.02 17.60 0.56 0.12 47.74 101.22 0.03 0.00 1.76 0.70 0.00 16.95 2011 197.17 0.10 6.83 6.08 41.54 11.66 2011 9.56 11.69 107.82 7.31 8.98 2011 53.44 0.00 8.38 2.36 3.26 22.76 2012 6.24 1.29 0.25 0.01 3.19 6.49 17.01 0.82 0.14 51.63 114.72 0.00 0.05 2.90 0.60 0.00 13.29 2012 189.42 0.07 6.63 10.73 43.59 9.91 2012 9.39 11.61 110.48 7.17 7.02 2012 53.09 0.00 6.04 6.30 3.67 25.09 2013 3.86 0.94 0.36 0.01 2.35 5.38 21.95 1.44 0.22 57.50 107.17 0.09 0.01 6.05 0.67 0.00 10.12 2013 207.66 0.07 7.32 10.21 52.06 13.11 2013 9.71 12.17 126.47 6.96 9.55 2013 48.07 0.50 6.17 5.55 3.66 22.13 2014 2.33 0.84 0.41 0.00 2.23 3.79 19.22 0.74 0.23 50.62 107.28 0.07 0.00 8.53 0.62 0.00 10.70 2014 184.15 0.00 8.83 10.52 55.19 13.11 2014 9.50 10.95 126.22 7.79 9.55 2014 45.48 0.47 0.90 5.00 3.80 24.46 ∆ y/y (2014-2013) -39.7% -11.1% 12.2% -83.9% -5.1% -29.5% -12.5% -49.0% 3.9% -12.0% 0.1% -19.6% -79.9% 40.9% -7.2% 5.7% ∆ y/y (2014-2013) -11.3% -100.0% 20.7% 3.0% 6.0% 0.0% ∆ y/y (2014-2013) CAGR (2014-2000) 41.6% 2.0% -3.0% 11.6% 10.0% 17.5% 11.8% 2.6% 5.6% 4.5% -100.0% -1.6% CAGR (2014-2000) -0.1% 5.1% 3.8% 5.0% CAGR (2014-2000) -2.1% -10.0% -0.2% 12.0% 0.0% 6.8% 16.6% 0.7% ∆ y/y (2014-2013) CAGR (2014-2000) -5.4% -6.6% -85.4% -10.0% 4.0% 10.5% -2.3% 14.2% 11.6% Data source: the original data are from IEA Extended Balances © OECD/International Energy Agency, 2015 and, for Italy, from Italian Ministry for Economic Development. Data have been converted by Eni using a unified gross calorific value of 39 MJ/cm World Oil and Gas Review 2015 67 Natural Gas Exports Countries (*) (billion cubic metres) 2000 2005 2010 2011 2012 2013 2014 ∆ y/y (2014-2013) CAGR (2014-2000) Asia - Pacific Australia Brunei China 11.05 14.77 24.92 27.83 26.85 33.39 32.43 -2.9% 8.0% 9.10 9.73 9.05 8.99 8.81 9.21 8.25 -10.4% -0.7% 2.39 2.96 4.02 3.18 2.88 2.94 2.94 0.0% 1.5% Indonesia 41.27 43.30 42.92 42.26 38.55 36.06 35.08 -2.7% -1.2% Malaysia 21.27 29.63 32.00 33.40 32.10 34.09 33.75 -1.0% 3.4% Myanmar 4.75 9.56 10.60 10.30 10.22 10.21 14.50 42.0% 8.3% Vietnam 0.00 1.55 0.00 0.00 0.00 0.00 0.00 2000 2005 2010 2011 2012 2013 2014 ∆ y/y (2014-2013) CAGR (2014-2000) Americas Argentina 4.63 6.63 0.46 0.20 0.10 0.08 0.08 -0.1% -25.1% Bolivia 2.00 9.89 11.68 12.57 14.58 17.09 17.86 4.5% 16.9% Canada 98.61 104.24 94.40 91.67 87.69 82.12 77.66 -5.4% -1.7% Colombia 0.00 0.00 1.43 1.88 1.72 1.73 1.73 0.0% Mexico 0.25 0.25 0.88 0.25 0.08 0.11 0.15 38.7% Peru 0.00 0.00 2.54 6.33 6.16 7.31 7.31 0.0% Trinidad and Tobago 4.32 14.07 20.84 19.12 19.81 19.73 18.61 -5.7% 11.0% United States 6.65 19.91 31.19 41.29 44.24 42.93 41.34 -3.7% 13.9% (*) -3.4% Data source: the original data are from IEA Extended Balances © OECD/International Energy Agency, 2015. Data have been converted by Eni using a unified gross calorific value of 39 MJ/cm World Oil and Gas Review 2015 68 Natural Gas Imports The World Top 10 Importers(*) (billion cubic metres) 2000 2005 2010 2011 2012 2013 2014 ∆ y/y (2014-2013) CAGR (2014-2000) Japan Germany United States Italy China South Korea Turkey France United Kingdom Spain 75.74 72.85 104.69 56.12 0.00 20.36 14.37 43.48 2.40 18.45 80.86 94.10 120.31 71.76 0.00 31.14 26.40 49.64 16.00 36.08 98.77 93.98 103.66 73.62 15.02 46.86 37.35 50.22 54.69 38.11 116.56 89.61 96.15 68.75 29.23 49.97 43.09 49.67 54.31 36.83 121.74 88.36 86.72 66.16 39.74 51.11 45.10 50.53 50.72 36.38 123.73 97.73 79.59 60.54 49.53 56.85 44.46 50.71 49.39 36.83 125.58 86.81 74.40 54.47 53.20 52.50 48.01 43.72 42.81 37.76 1.5% -11.2% -6.5% -10.0% 7.4% -7.7% 8.0% -13.8% -13.3% 2.5% 3.7% 1.3% -2.4% -0.2% 7.0% 9.0% 0.0% 22.8% 5.2% The World Top 10 408.47 526.29 612.29 634.17 636.56 649.35 619.24 -4.6% 3.0% Rest of the world 229.39 319.79 371.00 403.36 389.78 392.03 384.78 -1.8% 3.8% World 637.86 846.07 983.29 1,037.52 1,026.34 1,041.38 1,004.02 -3.6% 3.3% The World Top 10 (2014) (*) Data source: the original data are from IEA Extended Balances © OECD/International Energy Agency, 2015 and, for Italy, from Italian Ministry for Economic Development. Data have been converted by Eni using a unified gross calorific value of 39 MJ/cm World Oil and Gas Review 2015 69 Natural Gas Imports Countries (*) (billion cubic metres) 2000 Europe Austria Belarus Belgium Bosnia Herzegovina Bulgaria Croatia Czech Republic Denmark Estonia Finland France Germany Greece Hungary Ireland Italy Latvia Lithuania Luxembourg Macedonia Moldova Netherlands Poland Portugal Romania Serbia and Montenegro Slovakia Slovenia Spain Sweden Switzerland Turkey Ukraine United Kingdom 6.28 16.95 15.84 0.24 3.27 1.08 8.92 0.00 0.79 4.08 43.48 72.85 2.01 8.76 2.95 56.12 1.33 2.46 0.80 0.06 2.53 14.88 7.92 2.43 3.23 1.08 6.81 0.98 18.45 0.93 2.90 14.37 59.24 2.40 2000 2005 9.58 19.92 17.67 0.36 2.93 1.10 9.07 0.00 0.95 4.29 49.64 94.10 2.78 11.70 3.59 71.76 1.71 2.97 1.40 0.07 2.85 19.61 10.22 4.64 5.00 2.05 7.21 1.10 36.08 1.00 3.32 26.40 60.22 16.00 2005 2010 12.28 21.36 23.31 0.24 2.54 1.04 8.32 0.16 0.67 4.58 50.22 93.98 3.85 9.44 5.34 73.62 1.08 2.96 1.43 0.11 2.76 22.01 10.63 5.37 2.17 1.87 5.97 1.02 38.11 1.75 3.59 37.35 35.25 54.69 2010 2011 13.23 19.80 22.46 0.27 2.70 0.85 9.11 0.90 0.60 4.01 49.67 89.61 4.74 7.87 4.72 68.75 1.68 3.25 1.23 0.13 2.69 19.67 11.53 5.41 2.94 1.66 5.80 0.88 36.83 1.38 3.18 43.09 43.16 54.31 2011 2012 13.87 20.05 18.18 0.25 2.44 1.31 7.28 0.98 0.65 3.58 50.53 88.36 4.38 8.04 4.58 66.16 1.64 3.17 1.25 0.14 2.67 22.30 11.98 4.68 2.74 1.70 4.72 0.84 36.38 1.20 3.49 45.10 31.72 50.72 2012 2013 10.17 20.06 18.20 0.19 2.65 1.23 8.31 1.44 0.66 3.41 50.71 97.73 3.86 8.07 4.42 60.54 1.66 2.58 1.06 0.15 2.07 23.07 12.24 4.55 1.39 1.79 5.50 0.82 36.83 1.14 3.68 44.46 26.95 49.39 2013 2014 9.97 19.85 16.09 0.16 2.65 1.07 7.10 0.67 0.52 3.00 43.72 86.81 2.94 8.87 4.28 54.47 0.93 2.60 1.01 0.15 2.45 24.86 11.58 4.14 0.37 1.79 4.20 0.74 37.76 0.95 3.18 48.01 18.86 42.81 2014 ∆ y/y (2014-2013) -2.0% -1.0% -11.6% -15.5% -0.1% -12.9% -14.6% -53.5% -21.5% -12.0% -13.8% -11.2% -23.7% 9.9% -3.2% -10.0% -44.2% 0.7% -5.3% 0.0% 18.3% 7.7% -5.4% -8.9% -73.2% 0.1% -23.6% -9.4% 2.5% -16.9% -13.4% 8.0% -30.0% -13.3% ∆ y/y (2014-2013) CAGR (2014-2000) 3.4% 1.1% 0.1% -2.6% -1.5% 0.0% -1.6% -2.9% -2.2% 0.0% 1.3% 2.7% 0.1% 2.7% -0.2% -2.5% 0.4% 1.6% 6.5% -0.2% 3.7% 2.7% 3.9% -14.3% 3.7% -3.4% -1.9% 5.2% 0.2% 0.7% 9.0% -7.8% 22.8% CAGR (2014-2000) Russia and Central Asia Russia 12.55 7.40 4.17 7.82 7.88 8.03 8.42 4.8% Armenia 1.34 1.60 1.63 1.89 2.30 2.22 2.35 5.5% Azerbaijan 0.28 4.53 0.00 0.00 0.00 0.00 0.00 -2.8% 4.1% -100.0% Georgia 1.07 1.25 1.20 1.80 1.96 1.65 1.65 0.0% 3.1% Kazakhstan 4.22 11.23 3.51 4.52 4.35 5.16 5.31 3.0% 1.7% Kyrgyzstan 0.65 0.71 0.27 0.31 0.40 0.29 0.29 0.0% -5.6% Tajikistan 0.71 0.61 0.17 0.18 0.13 0.30 0.30 0.0% -6.0% Uzbekistan 1.57 1.07 0.00 0.00 0.00 0.00 0.00 2000 2005 2010 2011 2012 2013 2014 -100.0% ∆ y/y (2014-2013) CAGR (2014-2000) Middle East Iran 3.32 5.22 9.08 11.92 4.71 5.77 9.35 62.0% Israel 0.00 0.00 2.07 0.68 0.06 0.57 0.06 -89.7% Jordan 0.00 1.44 2.57 0.88 0.64 0.95 0.96 1.0% Kuwait 0.00 0.00 2.71 3.37 2.58 2.12 3.37 58.5% Oman 0.00 0.00 2.02 2.07 2.07 2.07 2.09 1.0% United Arab Emirates 0.00 1.36 16.96 17.68 18.68 19.41 19.62 1.1% (*) 7.7% Data source: the original data are from IEA Extended Balances © OECD/International Energy Agency, 2015 and, for Italy, from Italian Ministry for Economic Development. Data have been converted by Eni using a unified gross calorific value of 39 MJ/cm World Oil and Gas Review 2015 70 Natural Gas Imports Countries (*) (billion cubic metres) 2000 Africa Ghana Morocco South Africa Tunisia 0.00 0.00 0.00 1.01 2000 Asia - Pacific Australia China Hong Kong India Japan Malaysia Singapore South Korea Taiwan Thailand 2005 0.00 0.00 2.92 0.00 75.74 0.00 1.33 20.36 6.17 2.06 2000 0.00 0.41 1.16 1.31 2005 0.00 0.00 2.61 7.00 80.86 1.60 6.64 31.14 9.96 8.86 2005 2010 0.42 0.63 3.12 2.39 2010 5.79 15.02 3.74 13.64 98.77 8.36 8.60 46.86 15.44 9.82 2010 2011 0.83 0.80 3.26 2.38 2011 6.69 29.23 2.97 19.13 116.56 8.32 8.69 49.97 16.99 10.49 2011 2012 0.42 1.19 3.67 2.96 2012 5.96 39.74 2.74 18.60 121.74 9.38 9.42 51.11 16.13 10.72 2012 2013 0.31 1.14 3.66 2.95 2013 6.68 49.53 2.58 18.42 123.73 10.20 10.60 56.85 16.23 11.29 2013 2014 0.31 1.14 3.74 3.91 2014 7.11 53.20 2.48 19.42 125.58 10.15 11.01 52.50 17.59 12.45 2014 ∆ y/y (2014-2013) -0.1% 0.0% 2.2% 32.6% ∆ y/y (2014-2013) 6.5% 7.4% -3.9% 5.4% 1.5% -0.4% 3.9% -7.7% 8.4% 10.3% ∆ y/y (2014-2013) CAGR (2014-2000) 10.1% CAGR (2014-2000) -1.2% 3.7% 16.3% 7.0% 7.8% 13.7% CAGR (2014-2000) Americas Argentina 0.00 1.73 3.58 6.82 9.07 11.45 11.32 -1.2% Brazil 2.20 8.94 12.57 10.41 13.10 16.85 19.19 13.9% 16.7% Canada 1.58 9.34 22.34 30.97 31.10 26.59 21.80 -18.0% 20.6% Chile 4.38 6.29 3.59 3.97 3.93 3.89 3.72 -4.4% -1.2% Dominican Republic 0.00 0.23 0.77 0.86 1.09 1.04 1.04 0.0% Mexico 2.87 9.16 14.83 17.74 22.20 25.52 26.90 5.4% 17.3% 104.69 120.31 103.66 96.15 86.72 79.59 74.40 -6.5% -2.4% Uruguay 0.04 0.11 0.08 0.09 0.06 0.06 0.06 0.4% 3.4% Venezuela 0.00 0.00 2.00 1.93 1.69 1.93 1.94 1.0% United States (*) Data source: the original data are from IEA Extended Balances © OECD/International Energy Agency, 2015. Data have been converted by Eni using a unified gross calorific value of 39 MJ/cm World Oil and Gas Review 2015 71 Natural Gas Natural Gas - Imports Imports by Country of Origin - Pipeline and LNG 2014 (*) (billion cubic metres) United Kingdom Ukraine Turkey Switzerland Sweden Spain Slovenia Slovakia Serbia Romania Portugal Poland Netherlands Moldova Macedonia Luxembourg Lithuania Latvia Italy Ireland Hungary Greece Germany France Finland Estonia Denmark Czech Republic Croatia Bulgaria Bosnia Herzegovina Belgium Belarus Austria EUROPE Importers --> Exporters Europe Austria 0.28 Belgium 2.47 0.01 Croatia 0.12 0.37 0.31 Czech Republic 0.41 Denmark 0.61 0.89 France 1.44 Germany 0.37 0.16 Hungary 0.08 Italy 0.24 Netherlands Norway 1.28 2.36 4.81 25.16 5.64 0.45 2.07 0.06 0.02 7.84 1.42 0.32 0.70 0.47 0.58 3.90 17.05 10.27 0.08 2.80 0.13 0.07 0.63 16.83 0.09 0.06 4.18 0.64 6.56 0.18 Poland 24.51 0.08 Portugal 0.01 Spain 0.01 Turkey 0.06 0.25 0.63 United Kingdom 1.70 4.25 3.66 Russia and Central Asia Russia 6.43 20.05 0.17 2.70 6.55 0.53 3.08 5.37 36.55 1.71 8.49 26.15 0.95 2.61 0.25 0.16 2.82 6.41 8.95 0.33 1.87 4.24 0.44 26.31 14.45 Azerbaijan 6.07 Kazakhstan Turkmenistan Uzbekistan Others FSU Middle East Iran 8.93 Oman 0.16 Qatar 1.30 0.82 4.45 0.53 3.12 0.40 10.46 0.07 2.40 21.08 4.18 0.53 0.11 0.27 2.82 1.41 0.05 0.14 0.17 2.08 United Arab Emirates Yemen Africa Algeria 4.23 0.45 6.84 Angola Egypt Equatorial Guinea Libya 6.51 Nigeria 0.93 Asia-Pacific Australia Brunei China Indonesia Malaysia Myanmar Papua New Guinea Americas Argentina Bolivia Canada Mexico Peru 1.24 Trinidad and Tobago 0.06 0.36 United States Others/Non Specified TOTAL BY COUNTRY 2.32 0.43 5.16 14.86 0.45 4.74 0.11 0.63 1.16 4.15 10.17 20.05 16.85 0.17 2.70 0.75 7.25 0.63 0.53 3.08 41.18 86.84 2.93 8.94 4.25 55.76 0.95 2.68 0.98 0.16 2.82 29.10 11.82 4.07 0.39 1.89 4.24 0.72 36.39 0.89 3.16 48.89 19.25 42.83 TOTAL IMPORTS (*) Data source: IEA Natural Gas Information, 2015 and, for Italy, Italian Ministry for Economic Development World Oil and Gas Review 2015 72 Natural Gas 0.08 Others Americas Venezuela Uruguay United States Mexico Dominican Republic Chile Canada Brazil Argentina Thailand Taiwan Korea AMERICAS Singapore Malaysia Japan India Hong Kong China Australia ASIA-PACIFIC Tunisia South Africa Morocco Ghana United Arab Emirates AFRICA Oman Kuwait Jordan Israel MIDDLE EAST Iran Tajikistan Kyrgyzstan Kazakhstan Georgia Armenia Russia RUSSIA AND CENTRAL ASIA Natural Gas - Imports 0.41 0.08 0.16 2.01 0.19 1.85 0.01 0.19 0.26 0.10 0.20 0.96 0.88 12.27 2.51 0.09 0.09 4.96 0.16 0.09 17.12 7.60 1.25 0.22 0.09 1.00 0.05 0.08 0.16 0.08 1.72 8.59 0.23 0.31 1.25 2.21 8.74 28.07 0.06 0.53 0.42 0.08 1.22 0.25 1.97 19.57 0.09 1.12 3.79 0.17 0.01 4.33 8.10 15.27 23.77 0.10 8.21 1.20 0.50 1.38 0.40 0.41 0.16 0.81 0.50 0.17 1.20 0.16 0.32 0.09 0.10 0.85 0.08 0.95 0.59 1.62 7.36 4.00 0.08 0.08 0.10 0.07 1.33 0.09 0.32 4.30 0.12 26.42 0.08 1.09 0.15 6.39 0.32 0.94 0.78 3.28 7.47 8.22 3.48 22.07 0.37 4.90 0.09 0.08 0.23 0.49 0.08 0.08 0.60 0.09 0.09 5.28 0.92 0.08 0.09 0.16 0.48 0.09 1.60 0.41 0.15 0.85 0.08 1.81 2.60 0.12 2.55 0.19 0.09 7.73 6.76 2.70 1.46 4.97 3.60 0.33 0.08 11.51 1.10 0.06 5.47 11.80 74.61 0.04 4.16 0.06 0.90 0.20 0.06 0.17 0.37 0.17 0.07 0.08 2.85 1.70 0.37 0.33 8.59 2.43 1.91 5.31 0.29 0.31 0.14 9.27 0.06 1.20 3.46 1.97 20.14 3.84 0.32 1.12 3.84 3.79 6.94 0.55 0.40 0.08 0.15 0.07 1.05 1.50 0.56 3.42 21.34 0.08 1.00 0.41 1.21 0.67 18.32 0.08 1.87 6.94 53.30 2.55 18.29 128.34 10.09 11.30 49.09 16.67 13.34 11.34 18.99 21.89 3.72 1.07 27.39 76.33 0.06 1.87 0.78 1,010.61 World Oil and Gas Review 2015 73 Natural Gas Natural Gas - Imports Imports by Country of Origin - Pipeline 2014 (*) (billion cubic metres) (*) Data Source: IEA Natural Gas Information, 2015 and, for Italy, Italian Ministry for Economic Development World Oil and Gas Review 2015 74 Natural Gas World Oil and Gas Review 2015 Natural Gas - Imports 75 Natural Gas Natural Gas - Imports Imports by Country of Origin - LNG 2014 (*) (billion cubic metres) Others Americas United States Mexico Dominican Republic Chile Canada Brazil Argentina Thailand Taiwan AMERICAS South Korea Singapore Malaysia Japan India ASIA-PACIFIC China United Arab Emirates Kuwait Israel United Kingdom Turkey Spain Slovenia MIDDLE EAST Portugal Poland Netherlands Lithuania Italy Greece France Importers --> Exporters Belgium EUROPE Europe Belgium 0.01 0.12 0.08 0.41 France 0.08 Netherlands 0.13 Norway 0.08 Spain 0.06 0.07 0.94 0.06 1.25 0.18 0.16 0.26 0.10 0.96 0.88 0.19 12.27 2.51 0.09 0.09 0.17 0.01 4.33 0.25 0.20 1.00 0.05 0.08 0.16 0.08 Russia and Central Asia Russia 0.01 Middle East Oman Qatar 1.30 0.82 4.45 0.53 0.16 0.08 3.12 0.40 10.46 1.22 1.21 8.10 15.27 23.77 0.09 United Arab Emirates 0.10 4.96 0.16 0.09 17.12 7.60 1.25 0.92 0.60 8.21 0.08 0.25 0.09 1.20 0.50 1.38 0.40 4.00 0.22 0.09 0.41 0.16 0.81 0.50 0.49 0.08 Angola 0.17 0.09 0.09 0.10 Egypt 0.16 0.10 0.08 0.09 0.85 0.08 0.95 Yemen 0.08 0.07 1.33 0.23 Africa Algeria 0.00 4.23 0.45 0.44 0.07 0.08 5.10 4.18 0.53 Equatorial Guinea Nigeria 0.93 0.11 0.27 2.82 1.41 0.05 1.60 0.09 0.08 0.48 0.16 0.59 1.62 7.36 0.32 0.09 5.28 26.42 0.08 1.09 0.15 6.39 0.32 0.94 0.78 0.41 0.08 4.30 0.12 0.15 0.85 1.81 2.60 0.12 Asia-Pacific Australia Brunei 0.08 0.09 Indonesia 3.28 7.47 Malaysia 0.19 0.09 3.48 22.07 4.97 3.60 0.08 0.37 4.90 1.10 Papua New Guinea 0.09 6.76 2.70 0.33 Americas Canada 0.01 Peru 1.24 Trinidad and Tobago 0.06 0.14 0.17 4.16 2.08 0.36 0.06 0.90 0.20 0.06 United States Others/Non Specified TOTAL BY COUNTRY 0.17 0.37 0.17 0.07 0.08 2.85 1.70 0.56 3.42 1.00 0.41 1.21 0.37 0.06 1.16 0.33 0.14 0.55 0.40 0.08 0.15 0.07 1.05 1.50 0.08 1.30 5.97 0.59 4.94 0.07 1.25 0.02 1.18 0.00 16.02 7.58 11.40 0.06 3.46 1.78 25.23 18.29 128.34 1.87 2.21 49.09 16.67 1.83 5.87 7.20 0.56 3.72 1.07 9.07 1.69 0.78 TOTAL IMPORTS (*) 0.67 0.08 329.08 Data source: IEA Natural Gas Information, 2015 and, for Italy, Italian Ministry for Economic Development World Oil and Gas Review 2015 76 Natural Gas Traded Gas Traded Gas by LNG/ Traded Gas by Pipeline/ Total Traded Gas Total Traded Gas (%) (%) 2000 2005 2010 2011 2012 2013 2014 21.73 22.67 30.37 31.94 31.05 30.74 32.56 Traded Gas/Production (%) 78.27 77.33 69.63 68.06 68.95 69.26 67.44 26.23 30.22 30.63 31.47 30.58 30.21 29.09 Traded Gas Traded Gas by LNG/Production by Pipeline/Production (%) (%) 5.70 6.85 9.30 10.05 9.49 9.29 9.47 20.53 23.37 21.32 21.42 21.08 20.92 19.62 Traded Gas on Production (percentage) World Oil and Gas Review 2015 77 Natural Gas LNG – Liquefaction and Regasification Capacity Liquefaction Capacity – Countries (*) (billion cubic metres) 2000 2001 2002 2003 2004 2005 2006 Europe Norway 2007 5.6 5.6 2008 5.6 5.6 Russia and Central Asia Russia East 2009 2010 2011 2012 2013 2014 5.6 5.6 5.6 5.6 5.6 5.6 5.6 5.6 5.6 5.6 5.6 5.6 8.7 8.7 13.0 13.0 14.1 14.1 14.1 14.1 14.1 14.1 14.1 14.1 Middle East Oman Qatar United Arab Emirates Yemen 33.7 7.1 19.1 7.6 36.0 9.0 19.4 7.6 36.0 9.0 19.4 7.6 36.3 9.0 19.7 7.6 42.8 9.0 26.3 7.6 47.5 10.2 29.8 7.6 57.3 14.8 34.9 7.6 63.7 14.8 41.3 7.6 63.7 14.8 41.3 7.6 79.0 14.8 55.9 7.6 0.7 113.8 14.8 83.4 7.6 8.0 134.9 14.8 103.4 7.6 9.1 136.3 14.8 104.8 7.6 9.1 136.1 14.6 104.8 7.6 9.1 136.3 14.8 104.8 7.6 9.1 Africa Algeria Angola Egypt Equatorial Guinea Libya Nigeria 42.0 31.8 42.4 31.8 42.8 31.8 46.9 31.8 43.9 28.1 55.0 28.1 71.5 28.1 76.9 28.1 81.2 28.1 82.0 28.1 81.7 27.9 78.6 26.6 78.3 26.6 11.1 16.6 2.2 8.8 2.2 13.0 2.2 13.6 2.2 13.6 2.2 24.6 16.6 5.0 2.2 30.1 16.6 5.0 2.2 30.1 16.6 5.0 0.4 30.1 16.6 5.0 2.2 8.4 16.6 5.0 2.2 29.4 81.5 29.6 7.1 9.8 5.0 2.2 8.1 16.6 5.0 2.2 25.0 76.1 27.4 3.9 9.8 5.0 30.1 30.1 30.1 Asia - Pacific Australia Brunei Indonesia Malaysia Papua New Guinea 83.1 10.4 9.8 41.3 21.6 83.1 10.4 9.8 41.3 21.6 83.1 10.4 9.8 41.3 21.6 86.5 10.4 9.8 41.3 25.1 91.4 12.4 9.8 38.5 30.8 88.7 16.1 9.8 32.0 30.8 93.0 20.5 9.8 32.0 30.8 94.7 20.9 9.8 32.0 32.0 96.8 23.0 9.8 32.0 32.0 105.4 27.3 9.8 35.4 32.8 113.3 27.3 10.1 42.3 33.7 113.0 28.5 10.1 39.5 34.9 117.3 32.9 10.1 39.5 34.9 115.7 35.0 10.1 35.8 34.9 117.2 35.0 10.1 31.6 34.9 5.7 6.1 2.0 6.1 2.0 8.1 2.0 14.3 2.0 15.5 2.0 15.6 2.0 22.7 2.0 22.7 2.0 22.7 2.0 22.7 2.0 26.0 2.0 3.3 20.6 28.7 2.0 6.0 20.6 28.7 2.0 6.0 20.7 28.7 2.0 6.0 20.6 28.7 2.0 6.0 20.6 Americas United States Peru Trinidad and Tobago World 4.1 164.9 4.1 167.6 6.0 169.9 12.3 184.1 13.4 193.7 13.6 206.8 20.6 244.5 20.6 263.5 20.6 269.9 20.6 303.2 353.4 374.9 380.4 376.3 383.4 Regasification Capacity – Countries (**) (billion cubic metres) Europe Belgium France Greece Italy Lithuania Netherlands Portugal Spain Turkey United Kingdom 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 46.4 4.5 15.5 1.3 3.5 46.4 4.5 15.5 1.3 3.5 50.5 4.5 15.5 1.3 3.5 54.8 4.5 15.5 1.3 3.5 70.3 4.5 15.5 1.3 3.5 73.2 4.5 15.5 1.3 3.5 84.8 4.5 15.5 1.3 3.5 106.6 4.5 15.5 1.3 3.5 114.9 7.9 15.5 3.4 3.5 144.1 9.0 15.5 5.4 6.3 168.9 9.0 19.1 5.4 12.0 191.0 9.0 24.2 5.4 12.0 197.4 9.0 24.2 5.4 12.0 199.7 9.0 24.2 5.4 12.2 19.4 6.3 0.9 22.7 6.3 5.6 33.6 6.3 5.6 34.2 6.3 2.3 5.6 43.1 6.8 4.5 5.6 55.6 12.3 8.3 5.6 58.2 12.3 8.7 5.6 61.6 12.3 28.5 5.6 62.4 12.3 43.2 7.0 5.6 63.6 12.3 52.0 12.7 6.3 63.6 12.3 52.0 12.7 8.3 63.6 12.3 52.0 203.5 9.0 24.2 5.4 15.7 0.3 12.7 8.3 63.6 12.3 52.0 1.9 5.5 9.3 9.3 1.9 5.2 0.3 5.2 4.1 5.2 4.1 11.8 2.5 5.2 4.1 13.3 2.7 6.4 4.1 498.3 50.9 34.1 5.4 260.8 5.2 7.9 106.3 21.0 6.8 15.2 6.3 15.2 6.3 Middle East Israel Kuwait United Arab Emirates Asia - Pacific China India Indonesia Japan Malaysia Singapore South Korea Taiwan Thailand Americas Argentina Brazil Canada Chile Dominican Republic Mexico United States (***) World (*) (**) (***) 276.9 279.8 306.7 330.9 338.9 344.3 9.4 353.8 3.0 10.2 356.4 5.0 10.2 367.8 8.0 10.9 386.4 12.5 17.9 400.7 17.6 18.4 415.4 23.1 18.4 225.4 226.3 236.9 239.4 241.2 241.3 245.2 245.7 245.7 245.7 249.4 250.4 435.5 31.5 19.0 2.7 256.1 45.6 5.9 45.6 7.9 60.1 9.8 81.7 9.8 81.7 9.8 82.8 10.7 84.0 11.6 84.0 11.6 88.8 14.5 92.2 18.1 96.3 19.1 100.4 19.1 4.0 100.4 19.1 6.8 466.4 38.1 29.6 4.1 259.3 3.5 3.6 100.4 21.0 6.8 6.3 11.1 12.7 17.6 25.5 29.3 33.7 47.4 56.7 105.9 2.8 1.3 2.6 2.6 2.6 2.6 5.2 48.9 2.6 12.9 86.3 150.9 4.1 5.1 6.1 1.7 2.6 15.5 115.8 187.9 4.1 7.7 10.3 5.1 2.6 15.5 142.6 209.7 7.3 7.7 10.3 5.4 2.6 15.5 160.9 229.9 10.3 7.7 10.3 5.4 2.6 19.5 174.1 231.5 10.3 7.7 10.3 5.4 2.6 20.7 174.5 238.3 10.3 14.5 10.3 5.4 2.6 20.7 174.5 519.7 588.6 683.4 763.0 825.3 872.1 909.4 953.4 11.1 12.7 17.6 22.9 26.8 31.1 2.6 1.7 43.1 334.4 338.8 374.8 411.2 438.5 451.1 486.1 Nominal Capacity. Data source: Wood Mackenzie LNG Tool Data source: Wood Mackenzie LNG Tool The United States includes Puerto Rico World Oil and Gas Review 2015 78 Natural Gas LNG – Liquefaction and Regasification Capacity Liquefaction Capacity – Cluster of Companies 2000 World: 164.9 billion cubic metres 2014 World: 383.4 billion cubic metres Majors: BP, Chevron, Eni, ExxonMobil, Repsol, Shell, Total. African NOCs: EGAS (Egyptian Natural Gas Holding Co.), EGPC (Egyptian General Petroleum Corportation), GEPetrol/Sonagas, National Lybian Oil Company (NOC), NNPC, Sonangol, Sonatrach. Asian NOCs: CNOOC, Gazprom, MRDC (Mineral Resources Dev. Co), Pertamina, Petronas. Asian Utilities: Hyunday, Itochu, JILCO, Kansai Electric, KOGAS, LNG Japan Corporation, Marubeni, Mitsubishi, Mitsui, Osaka Gas, SK Corp., Tokyo Gas & Tokyo Electric. Eurepean Utilieties: BG, Gas Natural Fenosa, GdF Suez, RWE. Middle East NOCs: ADNOC, Qatar Petroleum, Yemen Gas Co. 2014 World Oil and Gas Review 2015 79 Natural Gas LNG – Liquefaction and Regasification Capacity Regasification Capacity – Cluster of Companies 2000 World: 334.4 billion cubic metres 2014 World: 953.4 billion cubic metres Majors: BP, Chevron, Eni, ExxonMobil, Repsol, Shell, Total. Asian NOCs: BPCL (Bharat Petroleum Corporation Limited), CNOOC, CPC, Gazprom, IOC (Indian Oil Corporation), ONGC, Pertami, PetroChina, Petronas, PTT, Sinopec. Asian Utilities: Chubu Electric Power, Chugoku Electric Power, Egegaz, GAIL, Hiroshima Gas, Hokkaido Gas, HongKong & China Gas, HongKong Electric, Kansai Electric Power, KOGAS, K-Power, Kyshu Electric Power, Marahashtra Utility, Mitsui, Nippon Gas, NTPC, Oita Gas, Okinawa Electric Power, Osaka Gas, Perusahaan Gas Negara, Saibu Gas, Shenergy, Shikoku Electric Power, Shizouka Gas, Singapore LNG Corp, Toho Gas, Tokyo Electric Power, Tokyo Gas. European Utilities: BG, Botas, Centrica, CPSA, Depa, DONG Energy, E.On, EconGas, EdF, Enagas, Enel, Essent, EVE, Gas Natural Fenosa, Gasunie, GdF Suez, Iderbrola, Iren, RWE, Union Fenosa Gas. Middle East, African and South American NOCs: CFE, Enap, Enarsa, Kuwait National Petroleum Corp., Oman Oil, Petrobras, Qatar Petroleum, Sonangol, Sonatrach. US Utilities: AES, Chenierem Dominion, Dow Chemical, El Paso, Excelerate Energy, Freeport LNG Development LP, Sempra Energy, Southern Union 2014 World Oil and Gas Review 2015 80 Natural Gas Natural Gas Balance - Italy Italy (*) (billion cubic metres) 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Production 16.63 15.24 14.62 13.89 12.96 12.07 10.98 9.71 9.26 8.01 8.41 8.45 8.61 7.74 7.15 Imports 57.45 54.78 59.29 62.79 67.91 73.46 77.40 73.95 76.87 69.25 75.35 70.37 67.73 61.97 55.76 Exports 0.05 0.06 0.05 0.38 0.40 0.40 0.37 0.07 0.21 0.13 0.14 0.12 0.14 0.23 0.24 Stock Changes Total Primary Energy Supply 3.29 -0.98 3.40 -1.38 -0.14 -1.13 3.53 -1.31 1.03 -0.89 0.52 0.78 1.28 -0.60 0.76 70.75 70.94 70.46 77.68 80.61 86.27 84.48 84.90 84.88 78.02 83.10 77.92 74.92 70.07 61.91 2014 Netherlands, Norway and others 11.4 Russia 26.2 Croatia 0.3 Qatar 4.4 Algeria and others 0.5 imports by pipeline imports by lng Algeria 6.4 (*) Libya 6.5 Data source: Eni’s calculations on Italian Ministry for Economic Development data. Gas volumes are quoted at Italian calorific value of 38.1 MJ/cm World Oil and Gas Review 2015 81 production quality World Europe Russia and Central Asia Middle East Africa Asia - Pacific Americas Distillation Yields European imported crudes with the most significant quality change World Oil and Gas Review 2015 Production Quality World Crude Production by Quality (Gravity and Sulphur Content) (*) (thousand barrels/day) 2000 Share of total 2005 2010 2011 2012 2013 2014 74,442 2,228 14,091 3,015 2,455 8,514 2,704 30,667 1,407 1,813 6,515 1,032 1.4 74,718 2,694 13,901 3,660 2,201 8,429 2,965 29,817 2,180 2,294 5,709 868 1.2 75,542 2,930 13,213 3,527 2,427 8,495 3,016 30,949 1,957 2,324 5,849 855 1.1 77,355 3,186 14,507 3,883 2,548 7,939 2,930 31,531 1,813 2,307 5,881 831 1.1 77,416 3,326 14,205 3,990 2,495 8,278 3,032 31,113 1,629 2,195 6,340 814 1.1 78,776 3,393 14,362 4,044 2,023 8,559 3,303 31,927 1,798 2,069 6,477 821 1.0 2000 2005 2010 2011 2012 2013 2014 World 68,377 74,442 74,718 75,542 77,355 77,416 78,776 Light 22,080 21,789 22,457 22,097 24,124 24,016 23,822 Medium 37,402 41,886 41,211 42,460 42,400 42,423 43,789 54.7% 55.6% 7,930 9,735 10,182 10,131 10,000 10,164 10,344 11.6% 13.1% 965 1,032 868 855 831 814 821 World (A) 68,377 Ultra Light 1,789 Light & Sweet 15,084 Light & Medium Sour 2,718 Light & Sour 2,489 Medium & Sweet 7,318 Medium & Medium Sour 2,373 Medium & Sour 27,711 Heavy & Sweet 1,113 Heavy & Medium Sour 1,385 Heavy & Sour 5,432 Unassigned production: (B) 965 % Unassigned production (B/A) 1.4 2000 2014 2.6% 22.1% 4.0% 3.6% 10.7% 3.5% 40.5% 1.6% 2.0% 7.9% 1.4% 4.3% 18.2% 5.1% 2.6% 10.9% 4.2% 40.5% 2.3% 2.6% 8.2% 1.0% Crude Production by Gravity(*) (thousand barrels/day) Heavy Unassigned production Share of total 2000 2014 32.3% 30.2% Crude Production Sulphur Content(*) (thousand barrels/day) Share of total 2000 2005 2010 2011 2012 2013 2014 World 68,377 74,442 74,718 75,542 77,355 77,416 78,776 Sweet 25,304 26,241 27,205 26,596 27,445 27,438 28,112 37.0% 35.7% 6,476 7,532 8,919 8,867 9,120 9,217 9,415 9.5% 12.0% 35,632 39,637 37,726 39,225 39,959 39,947 40,427 52.1% 51.3% 965 1,032 868 855 831 814 821 Medium Sour Sour Unassigned production (*) 2000 2014 Data source: Eni’s elaborations on Monthly Oil Data Service © OECD/International Energy Agency, 2015 data World Oil and Gas Review 2015 84 Production Quality World Quality and Production Volume of Main Crudes 2014 (*) (thousand barrels/day) (*) Data source: Eni’s elaborations World Oil and Gas Review 2015 85 Production Quality World Crude Production by Quality(*) (thousand barrels/day) 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Heavy & Sour Heavy & Medium Sour Heavy & Sweet Medium & Sour Medium & Medium Sour Medium & Sweet Light & Sour Light & Medium Sour Light & Sweet Ultra Light Crude Production by Quality(*) (selected years, thousand barrels/day) (*) Data source: Eni’s elaborations on Monthly Oil Data Service © OECD/International Energy Agency, 2015 data World Oil and Gas Review 2015 86 Production Quality Europe Crude Production by Quality(*) (thousand barrels/day) 2000 Europe (A) Ultra Light 6,753 2005 2010 5,585 2011 4,127 2012 3,790 2013 3,498 3,323 2014 Share of total 2000 2014 3,349 124 271 267 281 305 305 327 1.8% 9.8% 4,057 3,225 1,736 1,576 1,436 1,359 1,415 60.1% 42.3% Light & Medium Sour 33 110 658 535 435 443 431 0.5% 12.9% Light & Sour 20 88 69 75 82 83 83 0.3% 2.5% 1,547 943 607 623 506 481 453 22.9% 13.5% 10 13 2.5% 0.4% Light & Sweet Medium & Sweet Medium & Medium Sour Medium & Sour Heavy & Sweet Heavy & Medium Sour 172 14 4 4 2 1 29 15 10 17 31 75 45 62 19 28 0.3% 0.8% 177 350 220 187 221 186 159 2.6% 4.7% Heavy & Sour 101 80 58 48 45 40 43 1.5% 1.3% Unassigned production (B) 506 471 405 400 393 397 396 7.5% 11.8% 7.5 8.4 9.8 10.6 11.2 11.9 11.8 % Unassigned production (B/A) Quality and Production Volume of Main Crudes 2014 (**) (thousand barrels/day) (*) (**) Data source: Eni’s elaborations on Monthly Oil Data Service © OECD/International Energy Agency, 2015 data Data source: Eni’s elaborations World Oil and Gas Review 2015 87 Production Quality Europe Crude Production by Quality(*) (thousand barrels/day) 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 2000 2001 2002 2003 2004 Heavy & Sour Medium & Sour Light & Medium Sour 2005 2006 2007 2008 Heavy & Medium Sour Medium & Sweet Light & Sweet 2009 2010 2011 2012 2013 2014 Heavy & Sweet Light & Sour Ultra Light Crude Production by Quality(*) (selected years, thousand barrels/day) (*) Data source: Eni’s elaborations on Monthly Oil Data Service © OECD/International Energy Agency, 2015 data World Oil and Gas Review 2015 88 Production Quality Europe Crude Production by Quality(*) (thousand barrels/day) 2000 2005 2010 2011 2012 2013 Share of total 2014 2000 2014 Denmark Light & Sweet 363 131 388 121 255 24 221 13 201 12 175 7 165 8 36.1% 4.8% Medium & Sweet 232 267 231 208 189 168 157 63.9% 95.2% Italy Light & Sweet 74 29 114 4 96 6 99 5 101 3 102 2 106 1 39.7% 0.9% Light & Sour 20 88 69 75 82 83 83 26.5% 78.3% 2 1 0 0 0 0 0 2.1% 0.0% 23 21 21 19 16 17 22 31.7% 20.8% Norway Ultra Light 3,331 124 2,961 271 2,137 267 2,040 281 1,917 305 1,838 305 1,892 327 3.7% 17.3% Light & Sweet 2,074 1,899 1,312 1,199 1,103 1,070 1,132 62.3% 59.8% 31 31 31 23 19 0.0% 1.0% 1,081 509 328 369 288 275 272 32.5% 14.4% Medium & Sour Heavy & Sour Light & Medium Sour Medium & Sweet Medium & Medium Sour 14 Medium & Sour Heavy & Medium Sour 4 4 2 0.0% 0.0% 29 15 10 10 13 0.0% 0.7% 52 268 166 141 177 155 129 1.6% 6.8% 2,480 1,823 1,650 1,201 1,235 394 1,029 359 886 318 811 280 789 274 73.5% 34.7% 33 110 627 504 404 420 412 1.3% 52.2% Medium & Sweet 234 167 48 46 29 38 24 9.4% 3.0% Medium & Sour 170 6.9% 0.0% United Kingdom Light & Sweet Light & Medium Sour Heavy & Sweet Heavy & Medium Sour Heavy & Sour (*) 17 31 75 45 62 19 28 0.7% 3.5% 125 82 54 46 44 31 30 5.0% 3.8% 78 59 37 29 29 23 21 3.1% 2.7% Data source: Eni’s elaborations on Monthly Oil Data Service © OECD/International Energy Agency, 2015 data World Oil and Gas Review 2015 89 Production Quality Russia and Central Asia Crude Production by Quality(*) (thousand barrels/day) 2000 Russia and Central Asia (A) 7,721 Share of total 2005 2010 2011 2012 2013 2014 11,521 13,145 13,170 13,223 13,444 13,453 2000 2014 Ultra Light 356 453 513 536 537 568 562 4.6% 4.2% Light & Sweet 307 307 1,866 1,762 1,186 1,201 1,219 4.0% 9.1% Light & Medium Sour 611 1,196 1,129 1,111 1,610 1,697 1,668 7.9% 12.4% 65 46 25 20 15 15 14 0.8% 0.1% 246 413 217 194 143 137 137 3.2% 1.0% Light & Sour Medium & Sweet Medium & Medium Sour 2 3 319 608 627 742 950 0.0% 7.1% Medium & Sour 6,096 9,055 9,065 8,928 9,096 9,076 8,895 79.0% 66.1% Heavy & Sweet 15 6 10 8 6 5 4 0.2% 0.0% Unassigned production (B) 23 42 2 3 3 2 2 0.3% 0.0% % Unassigned production (B/A) 0.3 0.4 0.0 0.0 0.0 0.0 0.0 Heavy & Medium Sour Heavy & Sour Quality and Production Volume of Main Crudes 2014 (**) (thousand barrels/day) (*) (**) Data source: Eni’s elaborations on Monthly Oil Data Service © OECD/International Energy Agency, 2015 data Data source: Eni’s elaborations World Oil and Gas Review 2015 90 Production Quality Russia and Central Asia Crude Production by Quality(*) (thousand barrels/day) 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Medium & Sour Medium & Medium Sour Medium & Sweet Light & Medium Sour Light & Sweet Ultra Light 2011 2012 2013 2014 Light & Sour Crude Production by Quality(*) (selected years, thousand barrels/day) (*) Data source: Eni’s elaborations on Monthly Oil Data Service © OECD/International Energy Agency, 2015 data World Oil and Gas Review 2015 91 Production Quality Russia and Central Asia Crude Production by Quality(*) (thousand barrels/day) 2000 2005 2010 2011 2012 2013 Share of total 2014 2000 2014 Azerbaijan Light & Sweet 281 149 448 145 1,041 1,012 923 894 878 850 884 856 870 841 53.0% 96.7% Medium & Sweet 132 303 29 29 28 28 29 47.0% 3.3% Kazakhstan Ultra Light 718 107 1,295 99 1,655 80 1,680 77 1,665 64 1,713 56 1,688 53 14.9% 3.1% 518 518 0.0% 0.0% Light & Sweet Light & Medium Sour Russia Ultra Light Light & Sweet 611 1,196 1,057 1,085 1,601 1,657 1,635 85.1% 96.9% 6,477 232 9,491 297 10,202 393 10,329 422 10,432 434 10,577 471 10,612 465 3.6% 4.4% 148 139 261 273 253 249 270 2.3% 2.5% 72 26 9 41 33 0.0% 0.3% Light & Medium Sour Medium & Sweet Medium & Medium Sour Medium & Sour 96 75 15 0.0% 0.0% 318 608 627 741 950 0.0% 9.0% 6,096 9,055 9,062 8,926 9,094 9,075 8,894 94.1% 83.8% Turkmenistan Ultra Light 139 0 163 29 196 22 197 24 214 26 238 29 252 32 0.3% 12.8% Light & Sweet 10 17 73 76 81 95 108 7.1% 42.7% Medium & Sweet 114 110 92 90 100 109 108 81.9% 43.0% Heavy & Sweet 15 6 10 8 6 5 4 10.7% 1.5% Uzbekistan Ultra Light 83 16 82 28 50 18 38 14 31 12 30 12 28 12 19.2% 41.9% Light & Sweet 0 5 2 1 1 1 1 0.0% 3.5% Light & Sour 65 46 25 20 15 15 14 78.3% 50.0% 2 3 1 1 1 1 0 2.5% 1.2% 3 2 1 1 1 0.0% 3.5% Medium & Medium Sour Medium & Sour (*) Data source: Eni’s elaborations on Monthly Oil Data Service © OECD/International Energy Agency, 2015 data World Oil and Gas Review 2015 92 Production Quality Middle East Crude Production by Quality(*) (thousand barrels/day) 2000 2005 2010 2011 2012 2013 2014 21,795 22,919 22,170 24,075 24,412 24,198 24,573 Ultra Light 173 442 898 1,039 1,136 1,175 Light & Sweet 398 333 346 347 335 284 Middle East Share of total 2000 2014 1,174 0.8% 4.8% 237 1.8% 1.0% Light & Medium Sour 1,490 1,486 1,434 1,482 1,431 1,435 1,559 6.8% 6.3% Light & Sour 2,379 2,295 2,036 2,266 2,383 2,333 1,864 10.9% 7.6% Medium & Sweet Medium & Medium Sour Medium & Sour 263 271 164 131 106 89 92 1.2% 0.4% 16,664 17,499 16,723 18,257 18,608 18,450 19,291 76.5% 78.5% 429 592 569 553 412 433 356 2.0% 1.4% Heavy & Sweet Heavy & Medium Sour Heavy & Sour Quality and Production Volume of Main Crudes 2014 (**) (thousand barrels/day) (*) (**) Data source: Eni’s elaborations on Monthly Oil Data Service © OECD/International Energy Agency, 2015 data Data source: Eni’s elaborations World Oil and Gas Review 2015 93 Production Quality Middle East Crude Production by Quality(*) (thousand barrels/day) 30,000 25,000 20,000 15,000 10,000 5,000 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Heavy & Sour Medium & Sour Medium & Medium Sour Light & Medium Sour Light & Sweet Ultra Light 2011 2012 2013 2014 Light & Sour Crude Production by Quality(*) (selected years, thousand barrels/day) (*) Data source: Eni’s elaborations on Monthly Oil Data Service © OECD/International Energy Agency, 2015 data World Oil and Gas Review 2015 94 Production Quality Middle East Crude Production by Quality(*) (thousand barrels/day) 2000 2005 2010 2011 2012 2013 2014 Share of total 2000 2014 BAHRAIN Medium & Sour 187 187 187 187 182 182 190 190 174 174 182 182 180 180 100.0% 100.0% IRAN Medium & Sour Heavy & Sour 3,684 3,684 3,879 3,764 115 3,704 3,563 141 3,621 3,491 130 3,004 2,913 91 2,682 2,511 171 2,812 2,700 112 100.0% 0.0% 96.0% 4.0% IRAQ Medium & Sour 2,567 2,567 1,813 1,813 2,364 2,364 2,670 2,670 2,952 2,952 3,080 3,080 3,332 3,332 100.0% 100.0% KUWAIT Medium & Sour Heavy & Sour 2,045 1,905 140 2,423 2,283 141 2,298 2,173 125 2,533 2,401 132 2,735 2,611 124 2,809 2,689 120 2,800 2,684 116 93.2% 6.8% 95.9% 4.1% OMAN Medium & Sour 955 955 775 775 864 864 887 887 919 919 943 943 944 944 100.0% 100.0% QATAR Ultra Light Light & Sour Medium & Sour 860 173 575 113 1,216 442 578 196 1,636 898 463 275 1,777 1,039 458 279 1,876 1,136 467 273 1,904 1,175 416 313 1,880 1,174 391 315 20.1% 66.8% 13.1% 62.5% 20.8% 16.7% SAUDI ARABIA Light & Sweet Light & Sour Medium & Sour Heavy & Sour 8,278 208 1,350 6,580 140 9,353 198 1,224 7,791 141 8,177 227 1,084 6,741 125 9,354 259 1,238 7,725 132 9,785 272 1,300 8,089 124 9,664 242 1,264 8,038 120 9,719 203 1,046 8,354 116 2.5% 16.3% 79.5% 1.7% 2.1% 10.8% 85.9% 1.2% 545 395 149 413 216 196 350 172 178 319 160 159 146 74 72 42 20 22 23 11 12 72.5% 27.5% 46.8% 53.3% 2,238 1,095 454 17 672 2,459 1,269 492 7 691 2,311 1,262 490 2,505 1,322 570 2,652 1,358 617 2,762 1,414 653 2,758 1,548 427 560 613 678 694 783 48.9% 20.3% 0.8% 30.0% 56.1% 15.5% 0.0% 28.4% 436 190 246 400 135 265 284 120 164 219 88 131 170 64 106 130 41 89 125 33 92 43.6% 56.4% 26.7% 73.3% SYRIA Light & Medium Sour Heavy & Sour UNITED ARAB EMIRATES Light & Medium Sour Light & Sour Medium & Medium Sour Medium & Sour YEMEN Light & Sweet Medium & Medium Sour (*) Data source: Eni’s elaborations on Monthly Oil Data Services © OECD/International Energy Agency, 2015 data World Oil and Gas Review 2015 95 Production Quality Africa Crude Production by Quality(*) (thousand barrels/day) 2000 2005 2010 2011 2012 2013 2014 Africa (A) 7,461 9,473 9,809 8,702 9,401 8,693 8,226 Ultra Light Light & Sweet Light & Medium Sour Light & Sour Medium & Sweet Medium & Medium Sour Medium & Sour Heavy & Sweet Heavy & Medium Sour Heavy & Sour Unassigned production (B) % Unassigned production (B/A) 630 4,177 603 4,829 26 1,760 5 741 46 61 26 2,843 276 442 224 56 159 15 0.2 567 5,202 77 37 2,485 174 377 451 308 131 1 0.0 537 4,384 12 32 2,519 142 304 377 284 105 5 0.1 498 5,332 44 32 2,113 231 341 407 283 103 17 0.2 468 4,612 65 30 2,106 241 313 452 284 101 19 0.2 501 3,994 40 28 2,361 247 336 412 211 85 11 0.1 15 0.2 Share of total 2000 2014 8.4% 56.0% 0.0% 0.3% 23.6% 0.1% 9.9% 0.6% 0.8% 0.0% 0.2% 6.1% 48.6% 0.5% 0.3% 28.7% 3.0% 4.1% 5.0% 2.6% 1.0% 0.1% Quality and Production Volume of Main Crudes 2014 (**) (thousand barrels/day) (*) (**) Data source: Eni’s elaborations on Monthly Oil Data Service © OECD/International Energy Agency, 2015 data Data source: Eni’s elaborations World Oil and Gas Review 2015 96 Production Quality Africa Crude Production by Quality(*) (thousand barrels/day) 10,000 8,000 6,000 4,000 2,000 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Heavy & Sour Heavy & Medium Sour Heavy & Sweet Medium & Sour Medium & Medium Sour Medium & Sweet Light & Sweet Ultra Light 2014 Crude Production by Quality(*) (selected years, thousand barrels/day) (*) Data source: Eni’s elaborations on Monthly Oil Data Service © OECD/International Energy Agency, 2015 data World Oil and Gas Review 2015 97 Production Quality Africa Crude Production by Quality(*) (thousand barrels/day) 2000 Algeria Ultra Light Light & Sweet 2005 2010 2011 2012 2013 2014 Share of total 2000 2014 1,436 630 806 1,931 603 1,327 1,765 515 1,205 1,747 491 1,181 1,761 454 1,165 1,748 425 1,148 1,578 457 1,121 43.9% 56.1% 29.0% 71.0% Angola Light & Sweet Medium & Sweet Medium & Medium Sour Heavy & Sweet Heavy & Medium Sour 745 355 329 1,228 280 657 235 61 56 1,750 356 922 165 0 308 1,662 331 912 134 0 284 1,784 281 948 225 46 283 1,718 222 888 236 88 284 1,661 213 861 242 134 211 47.6% 44.2% 0.0% 0.0% 8.2% 12.8% 51.9% 14.6% 8.0% 12.7% Cameroon Medium & Sweet Heavy & Sweet 114 68 46 89 54 36 64 38 26 60 36 24 64 39 26 69 41 28 76 46 30 60.0% 40.0% 60.0% 40.0% 170 170 130 130 134 134 137 137 128 128 121 121 Chad Heavy & Sweet 100.0% Congo Light & Sweet Medium & Sweet 256 131 125 239 121 118 294 167 127 293 161 132 277 152 125 267 142 125 264 146 118 51.2% 48.8% 55.3% 44.7% Cote d'Ivoire Medium & Sweet Heavy & Sweet 27 7 27 21 19 27 21 24 27 25 20 27 22 20 27 15 19 27 9 18 25.9% 0.0% 33.1% 66.9% Dem. Rep. Congo Medium & Sweet 23 23 25 25 25 25 24 24 24 24 24 24 23 23 100.0% 100.0% Egypt Light & Sweet Medium & Sour Heavy & Sour 640 109 531 538 128 251 159 557 231 195 131 557 278 174 105 657 365 190 103 654 378 175 101 623 372 166 85 17.0% 83.0% 0.0% 59.8% 26.6% 13.6% Equatorial Guinea Ultra Light Light & Sweet Medium & Sweet Medium & Medium Sour 118 358 274 52 252 46 272 44 267 44 281 44 9 105 4 71 247 40 222 206 228 223 237 0.0% 7.7% 88.9% 3.5% 15.6% 0.0% 84.4% 0.0% (*) Data source: Eni’s elaborations on Monthly Oil Data Service © OECD/International Energy Agency, 2015 data World Oil and Gas Review 2015 98 Production Quality Africa Crude Production by Quality(*) (thousand barrels/day) 2000 Gabon Light & Sweet Medium & Sweet Medium & Sour Ghana Light & Sweet Libya Light & Sweet Light & Medium Sour Medium & Sour 2005 276 2010 2012 2013 Share of total 2014 138 138 254 65 90 99 245 63 86 96 237 56 81 100 236 52 77 107 0.0% 50.0% 50.0% 22.1% 32.6% 45.3% 7 7 6 6 7 7 77 77 81 81 104 104 107 107 100.0% 100.0% 1,411 1,353 1,640 1,544 58 96 1,550 1,403 77 70 458 422 12 24 1,387 1,285 44 58 898 769 65 64 460 365 40 55 95.9% 0.0% 4.1% 79.4% 8.7% 11.9% 9 9 8 8 7 7 6 6 5 5 2,546 1,245 1,301 2,595 1,734 845 16 2,693 1,842 833 18 2,627 1,915 695 17 2,456 1,771 664 20 2,430 1,598 831 Sudan 177 305 465 453 113 221 268 Medium & Sweet 177 305 76 35 26 1 14 100.0% 63.5% 36.5% 0.0% 65.8% 34.2% 0.0% 210 310 103 170 159 99.8% 59.4% 255 143 10 44 109 0.0% 40.6% 71 35 26 80 34 37 67 28 32 66 25 32 61 22 30 56 19 28 10 9 7 9 9 9 46.6% 33.7% 1.3% 18.4% 34.0% 49.9% 0.0% 16.1% Heavy & Sweet (*) 2014 255 66 95 94 2,160 1,372 788 Tunisia Light & Sweet Light & Sour Medium & Medium Sour Medium & Sour 2000 270 72 120 79 Mauritania Medium & Medium Sour Nigeria Light & Sweet Medium & Sweet Heavy & Sweet 2011 Data source: Eni’s elaborations on Monthly Oil Data Service © OECD/International Energy Agency, 2015 data World Oil and Gas Review 2015 99 Production Quality Asia - Pacific Crude Production by Quality(*) (thousand barrels/day) 2000 Asia - Pacific (A) Ultra Light Light & Sweet Light & Medium Sour 7,478 2005 7,552 Medium & Medium Sour 7,898 2011 7,766 2012 7,781 2013 7,573 2014 Share of total 2000 2014 7,543 443 277 303 281 300 276 283 5.9% 3.8% 2,756 2,723 1,918 1,908 2,136 1,865 1,757 36.9% 23.3% 31 33 0.4% 0.0% 34 34 34 34 34 0.0% 0.5% Light & Sour Medium & Sweet 2010 2,877 2,901 3,580 3,558 3,386 3,633 3,612 38.5% 47.9% 543 563 582 580 582 589 588 7.3% 7.8% Medium & Sour 17 19 19 19 19 20 19 0.2% 0.3% Heavy & Sweet 728 897 1,328 1,251 1,200 1,039 1,116 9.7% 14.8% Unassigned production (B) 83 140 135 134 125 118 133 1.1% 1.8% % Unassigned production (B/A) 1.1 1.8 1.7 1.7 1.6 1.6 1.8 Heavy & Medium Sour Heavy & Sour Quality and Production Volume of Main Crudes 2014 (**) (thousand barrels/day) (*) (**) Data source: Eni’s elaborations on Monthly Oil Data Service © OECD/International Energy Agency, 2015 data Data source: Eni’s elaborations World Oil and Gas Review 2015 100 Production Quality Asia - Pacific Crude Production by Quality(*) (thousand barrels/day) 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 2000 2001 2002 Heavy & Sweet 2003 2004 2005 2006 Medium & Medium Sour 2007 2008 2009 Medium & Sweet 2010 2011 Light & Sweet 2012 2013 2014 Ultra Light Crude Production by Quality(*) (selected years, thousand barrels/day) (*) Data source: Eni’s elaborations on Monthly Oil Data Service © OECD/International Energy Agency, 2015 data World Oil and Gas Review 2015 101 Production Quality Asia - Pacific Crude Production by Quality(*) (thousand barrels/day) 2000 2005 2010 2011 2012 2013 2014 Share of total 2000 2014 Australia Ultra Light Light & Sweet Heavy & Sweet 721 311 372 38 456 50 364 42 484 85 225 174 418 73 186 159 410 95 178 137 332 79 162 91 342 91 157 94 43.1% 51.6% 5.3% 26.6% 45.9% 27.5% Brunei Ultra Light Light & Sweet Medium & Sweet Heavy & Sweet 195 16 110 6 63 206 18 90 3 95 153 22 65 47 18 169 13 93 46 18 159 13 88 40 18 135 13 64 43 15 126 12 59 38 17 8.2% 56.3% 3.1% 32.4% 9.4% 46.7% 30.4% 13.6% 3,259 200 31 3,636 229 33 4,067 32 4,077 35 4,134 39 4,138 32 4,148 14 2,201 543 17 267 2,329 563 19 463 34 2,627 582 19 773 34 2,688 580 19 721 34 2,752 582 19 708 34 2,789 589 20 674 34 2,835 588 19 658 6.1% 1.0% 0.0% 67.5% 16.7% 0.5% 8.2% 0.3% 0.0% 0.8% 68.3% 14.2% 0.5% 15.9% 92 92 88 88 84 84 80 80 79 79 76 76 China Light & Sweet Light & Medium Sour Light & Sour Medium & Sweet Medium & Medium Sour Medium & Sour Heavy & Sweet East Timor Ultra light 100.0% India Light & Sweet Medium & Sweet Heavy & Sweet 659 552 40 67 656 562 27 67 789 694 23 72 800 697 25 78 773 671 25 77 769 671 26 72 766 675 23 68 83.8% 6.1% 10.2% 88.1% 3.0% 8.9% Indonesia Ultra Light Light & Sweet Medium & Sweet Heavy & Sweet 1,312 75 823 122 293 946 64 549 103 230 828 43 111 383 291 798 42 104 378 275 766 39 385 82 260 735 47 232 270 186 696 47 167 204 279 5.7% 62.7% 9.3% 22.3% 6.7% 23.9% 29.2% 40.1% Malaysia Ultra Light Light & Sweet Medium & Sweet 704 41 412 251 779 53 500 227 703 65 306 333 640 70 295 275 659 73 307 278 627 57 284 287 654 57 288 310 5.8% 58.5% 35.7% 8.7% 44.0% 47.3% (*) Data source: Eni’s elaborations on Monthly Oil Data Service © OECD/International Energy Agency, 2015 data World Oil and Gas Review 2015 102 Production Quality Asia - Pacific Crude Production by Quality(*) (thousand barrels/day) 2000 2005 2010 2011 2012 2013 2014 Share of total 2000 2014 100.0% 79.5% 20.5% New Zeland Light & Sweet Medium & Sweet 36 36 19 19 55 39 17 47 33 14 41 31 10 35 30 5 39 31 8 Papua New Guinea Light & Sweet 64 64 54 54 31 31 30 30 27 27 28 28 34 34 100.0% 100.0% Thailand Light & Sweet 120 120 196 196 257 257 262 262 264 264 241 241 232 232 100.0% 100.0% Vietnam Light & Sweet Medium & Sweet 325 68 257 372 160 212 308 158 150 307 174 133 345 146 199 335 121 214 296 101 195 20.9% 79.1% 34.1% 65.9% (*) Data source: Eni’s elaborations on Monthly Oil Data Service © OECD/International Energy Agency, 2015 data World Oil and Gas Review 2015 103 Production Quality Americas Crude Production by Quality(*) (thousand barrels/day) Americas (A) Ultra Light Light & Sweet Light & Medium Sour Light & Sour Medium & Sweet 2000 2005 2010 2011 2012 2013 2014 17,169 64 17,393 181 17,540 147 18,017 255 19,017 410 20,151 532 3,388 2,674 2,833 3,236 4,082 553 190 363 386 363 Share of total 2000 2014 21,632 546 0.4% 2.5% 4,885 5,739 19.7% 26.5% 350 345 3.2% 1.6% 889 1,409 1,520 1,553 1,633 1,795 1,995 5.2% 9.2% Medium & Medium Sour 1,559 1,578 1,722 1,551 1,381 1,371 1,425 9.1% 6.6% Medium & Sour 4,021 3,658 3,612 3,426 3,445 3,209 3,372 23.4% 15.6% Heavy & Sweet 308 249 316 313 289 241 238 1.8% 1.1% Heavy & Medium Sour 1,147 1,407 1,765 1,853 1,802 1,724 1,699 6.7% 7.9% Heavy & Sour 4,901 5,684 4,951 5,144 5,322 5,766 5,994 28.5% 27.7% 338 362 310 300 289 276 278 2.0% 1.3% 2.0 2.1 1.8 1.7 1.5 1.4 1.3 Unassigned production (B) % Unassigned production (B/A) Quality and Production Volume of Main Crudes 2014 (**) (thousand barrels/day) (*) (**) Data source: Eni’s elaborations on Monthly Oil Data Service © OECD/International Energy Agency, 2015 data Data source: Eni’s elaborations World Oil and Gas Review 2015 104 Production Quality Americas Crude Production by Quality(*) (thousand barrels/day) 21,000 18,000 15,000 12,000 9,000 6,000 3,000 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Heavy & Sour Heavy & Medium Sour Heavy & Sweet Medium & Sour Medium & Medium Sour Medium & Sweet Light & Medium Sour Light & Sweet 2014 Crude Production by Quality(*) (selected years, thousand barrels/day) (*) Data source: Eni’s elaborations on Monthly Oil Data Service © OECD/International Energy Agency, 2015 data World Oil and Gas Review 2015 105 Production Quality Americas Crude Production by Quality(*) (thousand barrels/day) 2000 Argentina Light & Sweet 2005 769 115 661 94 2010 611 88 2011 575 84 2012 559 81 2013 525 77 2014 519 76 Share of total 2000 2014 15.0% 14.6% Medium & Medium Sour 346 281 265 252 242 223 212 45.0% 40.8% Heavy & Sweet 308 249 235 224 217 204 202 40.0% 39.0% 1,234 1,637 2,061 2,112 2,067 2,027 6 2,239 11 0.0% 0.5% 49 46 43 45 43 40 42 4.0% 1.9% 20 35 112 269 403 0.0% 18.0% 579 548 473 353 387 22.0% 17.3% 81 90 72 37 36 0.0% 1.6% 1,319 1,353 1,294 1,238 1,250 74.0% 55.8% 19 42 73 84 110 0.0% 4.9% 3,540 718 992 166 1,664 41.3% 16.6% 0.0% 42.1% 20.3% 28.0% 4.7% 47.0% Brazil Light & Sweet Light & Medium Sour Medium & Sweet Medium & Medium Sour 272 447 Heavy & Sweet Heavy & Medium Sour 914 1,144 Heavy & Sour Canada Light & Sweet Medium & Sweet Medium & Medium Sour Heavy & Sour Memo: Syncrude production is included in Medium & Sweet Memo: bitumen production is included in Heavy & Sour Colombia Light & Sweet 2,015 832 334 2,372 729 673 2,724 681 939 2,911 720 1,000 3,131 780 1,003 849 970 1,104 1,191 1,348 3,333 690 999 173 1,471 334 567 818 888 938 943 937 16.6% 26.5% 288 445 680 762 895 1,011 1,212 14.3% 34.2% 684 340 526 135 786 51 915 44 944 50 1,006 46 49.7% 4.5% 989 45 Medium & Sweet 105 74 61 59 53 54 53 15.3% 5.4% Heavy & Medium Sour 234 263 447 501 508 486 448 34.1% 45.3% Heavy & Sour 6 54 227 312 333 420 443 0.9% 44.8% Ecuador Heavy & Sour 401 401 532 532 466 466 497 497 501 501 517 517 551 551 100.0% 100.0% 3,012 3,333 2,577 2,553 2,548 2,522 2,427 Mexico Light & Medium Sour 505 144 320 341 320 310 303 16.8% 12.5% Medium & Sour 733 802 834 782 834 847 857 24.3% 35.3% 1,774 2,387 1,423 1,430 1,394 1,365 1,267 58.9% 52.2% Heavy & Sour (*) Data source: Eni’s elaborations on Monthly Oil Data Service © OECD/International Energy Agency, 2015 data World Oil and Gas Review 2015 106 Production Quality Americas Crude Production by Quality(*) (thousand barrels/day) 2000 2005 2010 2011 2012 2013 2014 Share of total 2000 2014 United States Ultra light 5,822 21 5,181 12 5,471 29 5,653 136 6,481 287 7,448 402 8,626 429 0.4% 5.0% Light & Sweet 2,101 1,717 2,013 2,388 3,171 4,066 4,889 36.1% 56.7% 450 506 385 340 349 366 430 7.7% 5.0% Medium & Sweet Medium & Medium Sour Medium & Sour Heavy & Sour Venezuela Ultra light 942 851 878 751 667 622 660 16.2% 7.7% 1,499 1,426 1,550 1,448 1,421 1,383 1,540 25.8% 17.9% 809 670 615 590 587 607 678 13.9% 7.9% 2,894 43 2,788 131 2,535 96 2,501 104 2,498 107 2,497 116 2,462 104 1.5% 4.2% 156 114 119 114 100 102 0.0% 4.1% Medium & Sweet Medium & Sour 1,789 1,429 1,228 1,196 1,191 979 975 61.8% 39.6% Heavy & Sour 1,062 1,071 1,097 1,082 1,086 1,302 1,280 36.7% 52.0% (*) Data source: Eni’s elaborations on Monthly Oil Data Service © OECD/International Energy Agency, 2015 data World Oil and Gas Review 2015 107 Production Quality Distillation Yields European imported crudes with the most significant quality change CPC blend quality trend - period 2012-2014 - °API, Yields %wt Basrah quality trend - period 2010-2014 - °API, Yields %wt World Oil and Gas Review 2015 108 Production Quality Distillation Yields Kirkuk quality trend - period 2010-2014 - °API, Yields %wt Azeri from BTC quality trend - period 2010-2014 - °API, Yields %wt World Oil and Gas Review 2015 109 refining industry Refining Capacity World Oil and Gas Review 2015 Refining Industry Refining Capacity Areas and Aggregates (*) 2000 Refineries (no.) Europe (**) Russia and Central Asia Primary Capacity (mmtons) Primary Capacity (kbbl/d) 2005 Conversion Capacity (FCC eqv.) (mmtons) Complexity Ratio FCC eqv. NCI (%) Refineries (no.) Primary Capacity (mmtons) Primary Capacity (kbbl/d) Conversion Capacity (FCC eqv.) (mmtons) Complexity Ratio FCC eqv. NCI (%) 148 852 17,058 268 31 8.3 137 872 17,461 298 34 8.7 58 404 8,133 55 14 5.8 61 370 7,448 63 17 6.7 Middle East 46 325 6,527 52 16 5.4 47 361 7,324 61 17 5.5 Africa 47 142 2,837 16 11 4.9 46 158 3,154 26 17 5.6 227 1,115 22,351 394 35 7.0 240 1,233 24,699 549 45 7.4 149 722 14,450 280 39 7.2 164 819 16,395 415 51 7.7 Asia North East Asia Asia and Pacific 78 393 7,901 114 29 6.7 76 413 8,304 134 32 6.9 256 1,313 26,263 787 60 9.9 253 1,358 27,175 855 63 10.2 North America 182 997 19,938 659 66 10.8 175 1,034 20,687 709 69 11.1 Latin America 74 316 6,325 128 41 7.1 78 324 6,488 146 45 7.3 782 4,151 83,169 1,573 38 7.9 784 4,352 87,261 1,852 43 8.2 Americas World World Primary Capacity (2014) 4,793 million tons World Primary Capacity Growth (2000-2014) 642 million tons (*) (**) Data source: Eni’s calculations on Icis Consulting data Belarus and Ukraine aren't included in Europe but in Russia and Central Asia World Oil and Gas Review 2015 112 Refining Industry Refining Capacity 2010 Refineries (no.) Primary Capacity (mmtons) Primary Capacity (kbbl/d) 2014 Conversion Capacity (FCC eqv.) (mmtons) Complexity Ratio FCC eqv. NCI (%) Refineries (no.) Primary Capacity (mmtons) Primary Capacity (kbbl/d) 129 841 16,817 308 37 8.9 118 789 15,782 66 379 7,619 66 18 6.9 71 404 57 394 8,006 79 20 6.0 58 425 46 159 3,203 27 17 5.7 51 264 1,474 29,556 790 54 8.3 183 979 19,604 598 61 8.6 Conversion Capacity (FCC eqv.) (mmtons) Complexity Ratio FCC eqv. NCI (%) Europe (**) 306 39 9.0 8,184 55 14 5.8 Russia and Central Asia 8,645 107 25 6.6 Middle East 177 3,563 33 18 5.8 Africa 275 1,636 32,847 1,001 61 8.9 Asia 189 1,104 22,142 777 70 9.4 North East Asia Asia and Pacific 81 495 9,952 192 39 7.7 86 532 10,705 224 42 8.1 242 1,352 27,068 873 65 10.5 238 1,361 27,245 910 67 10.8 Americas 167 1,033 20,669 721 70 11.5 164 1,068 21,369 769 72 11.7 North America 75 319 6,399 153 48 7.4 74 293 5,876 141 48 7.6 Latin America 804 4,598 92,269 2,142 47 8.7 811 4,793 96,266 2,412 50 9.0 World 2014 Complexity ratio (FCC eqv. %) World Oil and Gas Review 2015 113 Refining Industry Refining Capacity Primary Capacity by Cluster of Companies (*) 2000 2014 World: 4,151 million tons World: 4,793 million tons 2014 (million tons) (*) Majors: ExxonMobil, BP, Shell, Chevron, Total, Eni, Repsol NOCs: PDVSA, Saudi Aramco, NIORDC, Pemex, Lukoil, Indian Oil Corporation, Kuwait Petroleum Corp., Reliance, Rosneft, Pertamina, Gazprom, Sinopec, PetroChina, CNOOC, Petrobras, KNOC, ONGC, Mitsui, Petronas, PTT, Statoil World Oil and Gas Review 2015 114 eni spa Headquarters Piazzale Enrico Mattei, 1 - Rome - Italy Capital Stock: € 4,005,358,876.00 fully paid up Rome Companies Register Tax Identification Number 00484960588 Branches Via Emilia, 1 - San Donato Milanese (MI) - Italy Piazza Ezio Vanoni, 1 - San Donato Milanese (MI) - Italy Web site eni.com Produced by Eni spa Cover Photos by Gianluca Chiodini Page layout and supervision Eni spa - INVEST/SMOSV Department World Oil and Gas Review 2015 Eni SpA Piazzale Enrico Mattei, 1 - 00144 Rome - Italy Ph. + 39 0659821 - Fax +39 0659822141 eni.com