GENERAL NATURAL GAS

IN ITALY

SOURCES OF ITALIAN NATURAL GAS

NATURAL GAS IMPORTS

ITALY CURRENTLY IMPORTS

OF ITS ENERGY NEEDS

EUROPE

CURRENTLY AVERAGES

84%

53%

17.3% 13.6% 27.7%

4

1.4%

ENI

EDISON

ENEL TRADE

ALL OTHERS

IMPORTS PROVEN GAS RESOURCES IN ITALY

60

50

40

30

20

10

0

NATURAL GAS RESERVES AND RESOURCES IN ITALY IN 2011 (MMCM)

ONSHORE - NORTH ONSHORE - CENTRAL

ONSHORE - SOUTH ONSHORE - SICILY

OFFSHORE - ZONE A OFFSHORE - ZONE B

OFFSHORE - OTHER

NATURAL GAS PRODUCTION

HOW MUCH NATURAL GAS DOES ITALY PRODUCE PER YEAR?

12K

10K

8K

6K

4K

2K

0

20K

18K

16K

14K

1990 1991

1992

1993

1994 1995

1996 1997

1998

1999

2000 2001

2002

2003

2004

2005

2006

2007

2008

2009 2010 2011

ONSHORE

OFFSHORE

ITALY VS EUROPE

PRODUCTION

CONSUMPTION

NEXT IMPORT/EXPORT

NATURAL GAS (BILLION CUBIC FEET) ITALY EUROPE

303.89

2,645.62

-2,386.80

9,965

19,199

-9,400

LOCAL NATURAL GAS EXTRACTION ONLY

COVERS 4% OF THE MARKET NEED

SOURCES: OXFORD ENERGY | EUROSTAT | AEEG | INFORMATION PROVIDED BY

3rd 47th

LARGEST NATURAL GAS PRODUCER

3RD LARGEST NATURAL GAS MARKET IN EUROPE

HIGHEST NATURAL GAS PRICES IN EUROPE

FASTEST GROWING NATURAL GAS

DEMAND IN EUROPE

3rd

LOCALPRODUCTION

IMPORTS

9.6%

90.4%

1 - RUSSIA2 - ALGERIA3 - NORTHERN EUROPE

4 - EUROPE5 - LIBYA6 - ITALY

11%

12%

4

3

29%2

29%1

9%5

9%4