World Oil and Gas Review 2015

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.

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.

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.

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.

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.

Oil Gas

Oil

Gas

Production Quality

VIII

Introduction

Quality levels - API gravity and sulphur content

Ultra Light API level equal to or greater than 50° and a low sulphur content Light & Sweet API level equal to or greater than 35° and less than 50°, sulphur content less 0.5% Light & Medium Sour 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 API level equal to or greater than 10° and less than 26°, sulphur content less 0.5% Heavy & Medium Sour API level equal to or greater than 10° and less than 26°, sulphur content equal to or greater than 0.5% and

less than 1%

Heavy & Sour API level equal to or greater than 10° and less than 26°, sulphur content equal to or greater than 1%

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.

Refining Industry

Conversion type Conversion type

Alkylation 0.00 10.00 Hydrodesulf-diesel 0.00 2.50

Alkylation-hydrofluoric 0.00 10.00 Hydrodesulf-gasoline 0.00 2.50

Alkylation-sulfuric 0.00 10.00 Hydrodesulf-kero 0.00 2.50

Asphalt 0.25 1.50 Hydrodesulf-mid-distillates 0.00 2.50

Coking-delayed 1.35 6.00 Hydrodesulf-naphta 0.00 2.50

Coking-f/d 1.35 6.00 Hydrodesulf-residue 0.20 2.50

Coking-fluid 1.35 6.00 Hydrodesulf-gvgo 0.05 2.50

Coking-fxc 1.35 6.00 Isomerization-c4 0.00 15.00

Condensate distillation 0.00 1.00 Isomerization-In 0.00 15.00

Crude 0.00 1.00 Lube 0.50 60.00

Deasphalting 0.00 1.50 Polymerization 0.00 10.00

Deasphalting-c3 0.00 1.50 Reforming-aromax 0.00 5.00

Deasphalting-c4 0.00 1.50 Reforming-btx 0.00 5.00

Deep catcracking 1.10 6.00 Reforming-cc 0.00 5.00

Distillate dewaxing 0.10 85.00 Reforming-cyclic 0.00 5.00

Fluid cat-cracking 1.00 6.00 Reforming-Ipg feed 0.00 5.00

Fluid catcracking-residue 1.90 6.00 Reforming-sr 0.00 5.00

Heavy residual gasification 1.30 12.00 Thermal cat-cracking 0.80 2.75

Hydrocracking-distillates 1.30 6.00 Thermal cracking 0.65 2.75

Hydrocracking-mild 0.30 6.00 Vacuum 0.00 2.00

Hydrocracking-residue 0.40 6.00 Visbreaking 0.25 2.75

IX

2 0 1 5W o r l d O i l a n d G a s R e v i e w

oil

Reserves

Production

Biofuels Production

Reserves/Production Ratio

Consumption

Per Capita Consumption

Production/Consumption Ratio

Crude Future Price and Open Interests

Oil Reserves


Areas and Aggregates (*)

(million barrels as at 31st December )

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

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%

Middle East 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%

Americas 329,963 318,892 533,954 539,177 542,862 547,421 552,354 0.9% 3.7%

- North America 204,717 201,811 200,395 202,575 206,508 209,720 213,931 2.0% 0.3%

- Latin America 125,246 117,081 333,559 336,602 336,353 337,701 338,423 0.2% 7.4%

World 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%

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%

2

Oil Reserves


The World Top 10 Reserves Holders (*) (million barrels as at 31st December )

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

2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

Venezuela 76,848 80,012 296,501 297,571 297,735 298,350 299,953 0.5% 10.2%

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%

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%

The World Top 10 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%

Rest of the world 204,140 218,415 245,727 247,564 251,514 252,835 250,648 -0.9% 1.5%

World 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%

3

Oil Reserves


Countries (*)


(*) 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

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%

Albania 165 198 199 199 172 168 168 0.0% 0.1%

Austria 86 62 50 50 47 49 48 -2.1% -4.2%

Belarus 198 198 198 198 198 198 198 0.0% 0.0%

Bulgaria 15 15 15 15 15 15 15 0.0% 0.0%

Croatia 92 69 71 71 71 71 71 0.0% -1.8%

Czech Republic 15 15 15 15 15 15 15 0.0% 0.0%

Denmark 1,069 1,328 812 900 805 805 611 -24.1% -3.9%

France 145 158 91 90 85 90 84 -6.1% -3.8%

Germany 380 367 276 276 254 233 227 -2.5% -3.6%

Greece 10 7 10 10 10 10 10 0.0% 0.0%

Hungary 110 103 27 32 27 27 27 0.0% -9.5%

Italy (**) 577 443 559 557 599 582 619 6.4% 0.5%

Lithuania 12 12 12 12 12 12 12 0.0% 0.0%

Netherlands 107 106 310 287 244 150 145 -3.4% 2.2%

Norway 9,447 7,705 5,670 5,320 5,366 5,825 5,497 -5.6% -3.8%

Poland 115 96 96 155 157 157 145 -7.2% 1.7%

Romania 1,426 956 600 600 600 600 600 0.0% -6.0%

Serbia and Montenegro 78 78 78 78 78 78 78 0.0% 0.0%

Slovakia 9 9 9 9 9 9 9 0.0% 0.0%

Spain 21 158 150 150 150 150 150 0.0% 15.1%

Turkey 296 300 270 270 270 295 296 0.4% 0.0%

Ukraine 395 395 395 395 395 395 395 0.0% 0.0%

United Kingdom 4,725 3,870 2,805 3,098 3,038 3,030 3,033 0.1% -3.1%

2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)


Russia 48,573 60,000 60,000 60,000 80,000 80,000 80,000 0.0% 3.6%

Azerbaijan 1,178 7,000 7,000 7,000 7,000 7,000 7,000 0.0% 13.6%

Georgia 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%

2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

Middle East 694,414 752,203 794,596 797,154 799,131 802,955 802,509 -0.1% 1.0%

Bahrain 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%

Israel 4 2 2 12 12 12 12 0.5% 7.9%

Jordan 1 1 1 1 1 1 1 0.0% 0.8%

Kuwait 96,500 101,500 101,500 101,500 101,500 101,500 101,500 0.0% 0.4%

Oman 5,506 5,506 5,500 5,500 5,500 4,974 5,151 3.6% -0.5%

Qatar 13,157 25,288 25,382 25,382 25,244 25,244 25,244 0.0% 4.8%

Saudi Arabia 262,766 264,211 264,516 265,405 265,850 265,789 266,578 0.3% 0.1%

Syria 2,500 2,500 2,500 2,500 2,500 2,500 2,500 0.0% 0.0%


Yemen 4,000 4,000 3,000 3,000 3,000 3,000 3,000 0.0% -2.0%

4

Oil Reserves


Countries (*)



2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

Africa 91,751 111,009 123,841 124,678 126,575 126,353 125,765 -0.5% 2.3%Algeria 11,314 12,270 12,200 12,200 12,200 12,200 12,200 0.0% 0.5%Angola 5,972 9,050 9,055 9,055 9,055 9,011 8,423 -6.5% 2.5%Benin 8 8 8 8 8 8 8 0.0% 0.0%Cameroon 400 400 200 200 200 200 200 0.0% -4.8%Chad 0 1,500 1,500 1,500 1,500 1,500 1,500 0.0%Congo 1,506 1,506 1,600 1,600 1,600 1,600 1,600 0.0% 0.4%Côte d'Ivoire 100 100 100 100 100 100 100 0.0% 0.0%Dem. Rep. Congo 187 187 180 180 180 180 180 0.0% -0.3%Egypt 2,948 3,700 4,400 4,400 4,400 4,400 4,400 0.0% 2.9%Equatorial Guinea 1,200 1,200 1,100 1,100 1,100 1,100 1,100 0.0% -0.6%Gabon 2,499 2,499 2,000 2,000 2,000 2,000 2,000 0.0% -1.6%Ghana 17 17 660 660 660 660 660 0.0% 29.9%Libya 36,000 41,464 47,097 48,014 48,472 48,363 48,363 0.0% 2.1%Mauritania 0 0 100 20 20 20 20 0.0%Morocco 2 1 1 1 1 1 1 0.0% -7.4%Nigeria 29,000 36,220 37,200 37,200 37,139 37,070 37,070 0.0% 1.8%South Africa 28 16 15 15 15 15 15 0.0% -4.4%Sudan 262 563 5,000 5,000 5,000 5,000 5,000 0.0% 23.4%Tunisia 308 308 425 425 425 425 425 0.0% 2.3%Uganda 0 0 1,000 1,000 2,500 2,500 2,500 0.0%

2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

Asia - Pacific 47,358 40,504 44,416 44,282 47,514 48,396 48,010 -0.8% 0.1%Australia 4,944 3,718 3,831 3,873 3,922 3,958 3,294 -16.8% -2.9%Bangladesh 57 28 28 28 28 28 28 0.0% -5.0%Brunei 1,350 1,350 1,100 1,100 1,100 1,100 1,100 0.0% -1.5%China 24,000 18,250 20,350 20,350 23,717 24,376 24,649 1.1% 0.2%India 4,728 5,615 5,533 5,410 5,476 5,654 5,686 0.6% 1.3%Indonesia 4,980 4,301 3,990 3,885 3,700 3,591 3,544 -1.3% -2.4%Japan 59 59 44 44 44 44 44 0.0% -2.1%Malaysia 3,900 3,000 4,000 4,000 4,000 4,000 4,000 0.0% 0.2%Myanmar 50 50 50 50 50 50 50 0.0% 0.0%New Zealand 127 53 113 96 81 78 67 -14.3% -4.4%Pakistan 208 289 313 281 248 342 371 8.5% 4.2%Papua New Guinea 360 240 88 182 154 186 175 -5.8% -5.0%Philippines 289 139 139 139 139 139 139 0.0% -5.1%Taiwan 4 2 2 2 2 2 2 0.0% -3.6%Thailand 352 291 435 442 453 449 461 2.7% 1.9%Vietnam 1,950 3,119 4,400 4,400 4,400 4,400 4,400 0.0% 6.0%

2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

Americas 329,963 318,892 533,954 539,177 542,862 547,421 552,354 0.9% 3.7%Argentina 3,071 2,321 2,504 2,505 2,805 2,820 2,354 -16.5% -1.9%Barbados 3 3 2 2 2 3 3 -11.1% -1.2%Belize 0 0 7 7 7 7 7 0.0%Bolivia 397 441 465 210 210 210 210 0.0% -4.5%Brazil 8,100 11,243 12,858 13,987 13,154 13,219 13,451 1.8% 3.7%Canada 181,200 178,792 175,214 173,625 173,105 173,200 172,481 -0.4% -0.4%Chile 150 150 150 150 150 150 150 0.0% 0.0%Colombia 1,972 1,542 1,900 1,988 2,200 2,377 2,445 2.9% 1.5%Cuba 283 750 124 124 124 124 124 0.0% -5.7%Ecuador 4,566 5,180 7,206 8,235 8,235 8,832 8,273 -6.3% 4.3%Guatemala 526 526 83 83 83 83 83 0.0% -12.4%Mexico 28,260 12,882 10,420 10,359 10,264 10,073 9,812 -2.6% -7.3%Peru 310 930 532 582 579 633 741 17.1% 6.4%Suriname 74 111 79 72 77 93 89 -3.8% 1.3%Trinidad and Tobago 686 990 728 728 728 728 728 0.0% 0.4%United States (**) 23,517 23,019 25,181 28,950 33,403 36,520 41,450 13.5% 4.1%Venezuela 76,848 80,012 296,501 297,571 297,735 298,350 299,953 0.5% 10.2%

5

Oil Reserves


Cluster of Companies (*)

2000 2014

World: 1,239,374 million barrels as at 31st December 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

6

Oil Production



Crude and non conventional oil, natural gas liquids (thousand barrels/day)

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

2000 2005 2010 2011 2012 2013 2014Δ 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%


Middle East 23,510 25,556 25,367 27,609 28,170 28,059 28,523 1.7% 1.4%

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 10,726 10,115 11,079 11,599 12,844 14,211 16,012 12.7% 2.9%- Latin America 10,244 10,867 10,333 10,440 10,349 10,319 10,401 0.8% 0.1%

World 75,186 82,167 83,416 84,601 86,762 87,204 89,080 2.2% 1.2%

European Union 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 21,859 20,160 18,865 18,903 19,804 20,906 22,650 8.3% 0.3%

NON OECD 53,327 62,007 64,551 65,697 66,958 66,297 66,430 0.2% 1.6%

OPEC 30,769 34,781 34,666 35,758 37,513 36,718 36,667 -0.1% 1.3%

NON OPEC 44,418 47,385 48,750 48,843 49,249 50,485 52,412 3.8% 1.2%

7

Oil Production


The World Top 10 Producers (*)



(*) Data source: Monthly Oil Data Services © OECD/International Energy Agency, 2015

2000 2005 2010 2011 2012 2013 2014Δ Y/Y

(2014-2013)CAGR

(2014-2000)

United States 8,005 7,075 7,747 8,072 9,104 10,237 11,810 15.4% 2.8%

Saudi Arabia 9,348 10,893 9,972 11,214 11,738 11,586 11,630 0.4% 1.6%

Russia 6,527 9,636 10,453 10,601 10,682 10,869 10,947 0.7% 3.8%

Canada 2,722 3,041 3,332 3,526 3,740 3,974 4,202 5.7% 3.2%

China 3,261 3,638 4,078 4,101 4,175 4,176 4,190 0.3% 1.8%


Iran 3,760 4,225 4,215 4,164 3,551 3,289 3,442 4.7% -0.6%

Iraq 2,582 1,833 2,430 2,743 3,031 3,163 3,419 8.1% 2.0%

Kuwait 2,160 2,548 2,498 2,771 2,985 3,109 3,100 -0.3% 2.6%

Mexico 3,452 3,768 2,961 2,945 2,922 2,891 2,797 -3.2% -1.5%

The World Top 10 44,438 49,654 50,517 53,351 55,313 56,797 59,115 4.1% 2.1%

Rest of the World 30,748 32,513 32,899 31,249 31,449 30,406 29,965 -1.5% -0.2%

World 75,186 82,167 83,416 84,601 86,762 87,204 89,080 2.2% 1.2%

Mex

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ait

Iraq

Iran

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Ch

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Can

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Ru

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Sau

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Un

ited

Sta

tes

3.1%

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3.8

%

3.9

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4.0

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4.7

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4.7%

12.3

%

13

.1%

13

.3%

Share of World Total

8

Oil Production


Countries (*)



2000 2005 2010 2011 2012 2013 2014Δ 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%

Albania 6 8 13 16 17 17 20 18.2% 9.5%

Austria 20 19 25 23 22 21 21 0.7% 0.6%

Belarus 37 36 33 32 30 29 27 -4.9% -2.1%

Bulgaria 1 1 1 1 1 1 1 0.0% 5.1%

Croatia 28 21 20 18 16 16 15 -4.4% -4.3%

Czech Republic 8 12 6 8 7 6 5 -10.4% -3.0%

Denmark 363 388 255 221 201 175 165 -5.7% -5.5%

Estonia 5 5 10 11 12 12 14 12.1% 8.0%

France 44 36 31 31 27 23 23 0.0% -4.4%

Germany 86 113 76 77 74 74 69 -7.5% -1.6%

Greece 6 2 2 2 2 1 1 -10.0% -10.5%

Hungary 39 37 25 22 23 25 20 -22.7% -4.8%

Italy 78 124 108 103 108 110 114 4.1% 2.8%

Netherlands 49 47 36 36 41 46 41 -10.2% -1.2%

Norway 3,331 2,961 2,137 2,040 1,917 1,838 1,892 3.0% -4.0%

Poland 15 28 19 18 20 29 30 3.7% 5.2%

Romania 131 113 92 91 88 89 87 -2.0% -2.9%

Serbia and Montenegro 20 13 18 22 20 17 18 1.5% -0.9%

Slovakia 1 7 5 2 2 4 4 18.8% 10.0%

Spain 5 3 3 5 7 16 13 -18.2% 7.5%

Turkey 53 44 48 46 45 46 47 2.7% -0.8%

Ukraine 82 97 79 69 76 69 61 -11.3% -2.0%

United Kingdom 2,694 1,845 1,365 1,123 954 892 872 -2.3% -7.7%

2000 2005 2010 2011 2012 2013 2014Δ Y/Y

(2014-2013)CAGR

(2014-2000)


Russia 6,527 9,636 10,453 10,601 10,682 10,869 10,947 0.7% 3.8%

Azerbaijan 282 449 1,042 924 879 885 871 -1.5% 8.4%

Georgia 2 1 1 1 1 1 1 -9.5% -9.2%

Kazakhstan 718 1,295 1,655 1,680 1,665 1,713 1,688 -1.4% 6.3%

Kyrgyzstan 2 2 1 2 2 1 1 -8.8% -0.8%

Tajikistan 0 0 0 1 1 1 1 -9.6% 1.8%

Turkmenistan 158 201 196 197 214 238 252 5.8% 3.4%

Uzbekistan 175 118 88 77 68 68 67 -1.5% -6.6%

2000 2005 2010 2011 2012 2013 2014Δ Y/Y

(2014-2013)CAGR

(2014-2000)

Middle East 23,510 25,556 25,367 27,609 28,170 28,059 28,523 1.7% 1.4%

Bahrain 198 198 192 201 184 193 190 -1.1% -0.3%

Iran 3,760 4,225 4,215 4,164 3,551 3,289 3,442 4.7% -0.6%

Iraq 2,582 1,833 2,430 2,743 3,031 3,163 3,419 8.1% 2.0%

Kuwait 2,160 2,548 2,498 2,771 2,985 3,109 3,100 -0.3% 2.6%

Oman 958 777 871 895 925 950 950 0.0% -0.1%

Qatar 860 1,216 1,668 1,814 2,011 2,056 2,036 -1.0% 6.3%

Saudi Arabia 9,348 10,893 9,972 11,214 11,738 11,586 11,630 0.4% 1.6%

Syria 573 448 385 352 171 59 33 -44.8% -18.5%


Yemen 450 421 306 241 190 150 145 -3.3% -7.7%

9

Oil Production


Countries (*)



2000 2005 2010 2011 2012 2013 2014Δ Y/Y

(2014-2013)CAGR

(2014-2000)

Africa 7,803 9,913 10,339 9,122 9,816 9,069 8,556 -5.7% 0.7%

Algeria 1,436 1,931 1,720 1,672 1,619 1,573 1,578 0.3% 0.7%Angola 745 1,245 1,820 1,732 1,854 1,792 1,735 -3.2% 6.2%Cameroon 114 89 64 60 64 69 76 10.6% -2.8%Chad 0 170 130 134 137 128 121 -5.1%Congo 265 247 301 302 289 281 281 0.1% 0.4%Côte d'Ivoire 7 40 45 45 42 34 27 -20.1% 10.2%Dem. Rep. Congo 23 25 25 24 24 24 23 -4.7% 0.0%Egypt 727 677 729 729 749 735 699 -4.9% -0.3%Equatorial Guinea 118 358 274 252 272 267 281 5.1% 6.4%Gabon 276 270 255 254 245 236 236 0.1% -1.1%Ghana 7 6 7 77 81 104 107 3.6% 21.5%Libya 1,471 1,721 1,661 485 1,476 953 497 -47.8% -7.5%Mauritania 0 0 9 8 7 6 5 -9.5%Morocco 0 1 0 0 0 0 0 0.0% -1.6%Niger 0 0 0 6 15 20 20 1.7%Nigeria 2,160 2,546 2,609 2,700 2,628 2,455 2,430 -1.0% 0.8%South Africa 199 208 141 120 131 116 111 -3.9% -4.1%Sudan 177 305 465 453 113 214 268 25.2% 3.0%Tunisia 78 73 84 70 70 65 60 -7.6% -1.9%

2000 2005 2010 2011 2012 2013 2014Δ Y/Y

(2014-2013)CAGR

(2014-2000)

Asia - Pacific 7,941 8,053 8,456 8,334 8,359 8,214 8,199 -0.2% 0.2%

Australia 802 545 561 490 480 401 421 5.2% -4.5%Bangladesh 4 6 5 5 5 4 4 -4.9% 0.2%Brunei 195 206 153 169 159 135 126 -6.7% -3.1%China 3,261 3,638 4,078 4,101 4,175 4,176 4,190 0.3% 1.8%East Timor 0 92 88 84 80 79 76 -3.4%India 770 771 905 915 886 878 874 -0.4% 0.9%Indonesia 1,459 1,084 993 947 914 873 833 -4.7% -3.9%Japan 17 18 18 17 16 14 13 -6.6% -2.0%Malaysia 711 794 718 655 673 643 669 4.1% -0.4%Mongolia 0 1 6 6 6 5 5 -4.9% 26.8%Myanmar 12 22 19 17 17 16 15 -4.9% 1.7%New Zealand 45 24 60 50 47 41 46 11.5% 0.3%Pakistan 58 66 66 67 66 63 61 -2.3% 0.5%Papua New Guinea 64 54 31 30 27 28 34 21.5% -4.4%Philippines 1 39 34 34 26 24 41 69.4% 30.9%South Korea 13 10 21 20 21 19 20 1.3% 3.0%Taiwan 1 1 0 0 0 0 0 -100.0%Thailand 194 297 383 410 406 467 461 -1.3% 6.4%Vietnam 333 386 317 316 356 346 308 -10.9% -0.6%

2000 2005 2010 2011 2012 2013 2014Δ Y/Y

(2014-2013)CAGR

(2014-2000)

Americas 20,970 20,982 21,412 22,039 23,194 24,530 26,413 7.7% 1.7%

Argentina 831 790 734 678 662 629 624 -0.9% -2.0%Barbados 1 1 1 1 1 1 1 -9.5% -2.5%Bolivia 39 58 51 52 56 57 61 5.9% 3.2%Brazil 1,271 1,705 2,150 2,205 2,161 2,124 2,337 10.1% 4.4%Canada 2,722 3,041 3,332 3,526 3,740 3,974 4,202 5.7% 3.2%Chile 9 8 13 13 11 11 9 -18.3% -0.3%Colombia 688 528 788 918 947 1,009 993 -1.6% 2.7%Cuba 51 54 56 55 52 50 47 -4.9% -0.5%Ecuador 404 534 468 498 502 518 551 6.5% 2.2%Guatemala 21 18 12 11 10 9 8 -9.5% -6.5%Mexico 3,452 3,768 2,961 2,945 2,922 2,891 2,797 -3.2% -1.5%Peru 104 116 155 152 153 166 173 4.1% 3.7%Suriname 10 12 21 20 19 16 15 -4.5% 3.0%Trinidad and Tobago 143 181 148 140 120 117 113 -3.4% -1.7%United States 8,005 7,075 7,747 8,072 9,104 10,237 11,810 15.4% 2.8%Venezuela 3,220 3,093 2,775 2,751 2,733 2,722 2,672 -1.8% -1.3%

10

Oil Production



2000 2014

World: 75,186 thousand barrels/day 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

11

Oil Production


The World Top 10 Natural Gas Liquids Producers (*)

(thousand barrels/day)



2000 2005 2010 2011 2012 2013 2014Δ Y/Y

(2014-2013)CAGR

(2014-2000)

United States 1,911 1,717 2,074 2,216 2,408 2,572 2,964 15.2% 3.2%

Saudi Arabia 1,011 1,460 1,710 1,775 1,870 1,839 1,828 -0.6% 4.3%

Qatar 173 442 898 1,039 1,136 1,175 1,174 -0.1% 14.7%

United Arab Emirates 384 537 520 709 732 741 819 10.5% 5.6%

Canada 706 668 608 615 609 640 662 3.4% -0.5%

Iran 75 346 510 542 547 607 630 3.9% 16.4%

Nigeria 121 141 528 523 530 503 515 2.4% 10.9%

Algeria 630 603 515 491 454 425 457 7.6% -2.3%

Mexico 438 426 377 384 365 359 357 -0.5% -1.5%

Russia 50 145 251 272 250 292 335 14.7% 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%

12

Oil Biofuels Production


Total Biofuels (*)

(thousand barrels/day) 2013

World World: 2,022 thousand barrels/day

Biogasoline (*)


World World: 1,253 thousand barrels/day

Biodiesel (*)


World 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)

13

Oil Reserves/Production Ratio



(years)

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

2000 2005 2010 2011 2012 2013 2014

Europe 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 52 55 50 48 44 40 37

- Latin America 33 30 88 88 89 90 89

World 45 44 53 52 52 52 51

European Union 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 75 73 94 92 88 90 90

NON OPEC 24 23 23 23 25 24 24

14



The World Top 10 Producers Ranked by Reserves/Production Ratio(*) (years)


(*) 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

2000 2005 2010 2011 2012 2013 2014

Iran 73 88 98 102 121 131 125

Iraq 119 172 161 141 127 125 115

Canada 182 161 144 135 127 119 112

Kuwait 122 109 111 100 93 89 90

United Arab Emirates 102 89 95 83 79 76 75

Saudi Arabia 77 66 73 65 62 63 63

Russia 20 17 16 16 21 20 20

China 20 14 14 14 16 16 16

United States (**) 8 9 9 10 10 10 10

Mexico 22 9 10 10 10 10 10

15



Countries(*)

(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

(**) The original data are from Italian Ministry for Economic Development and Monthly Oil Data Services © OECD/International Energy Agency, 2015

2000 2005 2010 2011 2012 2013 2014

Europe 8 8 8 9 9 10 10

Albania 79 67 43 35 28 27 23Austria 12 9 6 6 6 6 6Belarus 15 15 16 17 18 19 20Bulgaria 82 41 41 41 41 41 41Croatia 9 9 10 11 12 12 13Czech Republic 5 4 7 5 6 7 8Denmark 8 9 9 11 11 13 10France 9 12 8 8 9 11 10Germany 12 9 10 10 9 9 9Greece 5 10 12 14 17 20 22Hungary 8 8 3 4 3 3 4

Italy (**) 20 10 14 15 15 14 15

Netherlands 6 6 24 22 16 9 10Norway 8 7 7 7 8 9 8Poland 22 9 14 23 22 15 13Romania 30 23 18 18 19 19 19Serbia and Montenegro 11 16 12 10 10 12 12Slovakia 21 3 5 10 11 7 6Spain 12 129 128 82 58 26 32Turkey 15 19 15 16 16 17 17Ukraine 13 11 14 16 14 16 18United Kingdom 5 6 6 8 9 9 10

2000 2005 2010 2011 2012 2013 2014

Russia and Central Asia 20 18 20 20 24 24 23Russia 20 17 16 16 21 20 20Azerbaijan 11 43 18 21 22 22 22Georgia 44 72 114 126 139 154 170Kazakhstan 21 19 50 49 49 48 49Kyrgyzstan 73 50 120 61 68 74 82Tajikistan 82 99 164 58 55 58 64Turkmenistan 9 7 8 8 8 7 7Uzbekistan 9 14 18 21 24 24 24

2000 2005 2010 2011 2012 2013 2014

Middle East 81 81 86 79 78 78 77

Bahrain 2 2 2 2 2 2 2Iran 73 88 98 102 121 131 125Iraq 119 172 161 141 127 125 115Kuwait 122 109 111 100 93 89 90Oman 16 19 17 17 16 14 15Qatar 42 57 42 38 34 34 34Saudi Arabia 77 66 73 65 62 63 63Syria 12 15 18 19 40 115 208United Arab Emirates 102 89 95 83 79 76 75Yemen 24 26 27 34 43 55 57

16



Countries(*)

(years)


2000 2005 2010 2011 2012 2013 2014

Africa 32 31 33 37 35 38 40Algeria 22 17 19 20 21 21 21Angola 22 20 14 14 13 14 13Cameroon 10 12 9 9 9 8 7Chad 24 32 31 30 32 34Congo 16 17 15 15 15 16 16Côte d'Ivoire 39 7 6 6 6 8 10Dem. Rep. Congo 22 20 20 21 20 21 22Egypt 11 15 17 17 16 16 17Equatorial Guinea 28 9 11 12 11 11 11Gabon 25 25 21 22 22 23 23Ghana 7 8 264 24 22 17 17Libya 67 66 78 271 90 139 266Mauritania 30 7 8 10 11Morocco 20 4 12 8 8 8 8Nigeria 37 39 39 38 39 41 42Sudan 4 5 29 30 122 64 51Tunisia 11 12 14 17 17 18 19

2000 2005 2010 2011 2012 2013 2014

Asia - Pacific 16 14 14 15 16 16 16

Australia 17 19 19 22 22 27 21

Bangladesh 39 13 15 16 17 18 19

Brunei 19 18 20 18 19 22 24

China 20 14 14 14 16 16 16

India 17 20 17 16 17 18 18

Indonesia 9 11 11 11 11 11 12

Japan 9 9 7 7 7 9 9

Malaysia 15 10 15 17 16 17 16

Myanmar 11 6 7 8 8 9 9

New Zealand 8 6 5 5 5 5 4

Pakistan 10 12 13 11 10 15 17

Papua New Guinea 15 12 8 17 16 18 14

Philippines 10 11 11 14 16 9

Taiwan 11 12

Thailand 5 3 3 3 3 3 3

Vietnam 16 22 38 38 34 35 39

17



Countries(*)

(years)


(**) The original data are from EIA DOE and Monthly Oil Data Services © OECD/International Energy Agency, 2015

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

Canada 182 161 144 135 127 119 112

Chile 45 54 31 32 36 39 48

Colombia 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

Peru 8 22 9 11 10 10 12

Suriname 20 25 10 10 11 16 16

Trinidad and Tobago 13 15 13 14 17 17 18

United States (**) 8 9 9 10 10 10 10

Venezuela 65 71 293 296 298 300 308

18

Oil Consumption


Areas and Aggregates (*) (thousand barrels/day)

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

2000 2005 2010 2011 2012 2013 2014Δ y/y

(2014-2013)

CAGR

(2014-2000)

Europe 16,345 16,981 15,909 15,507 15,013 14,892 14,680 -1.4% -0.8%


Middle East 4,967 6,120 7,552 7,718 8,036 8,160 8,362 2.5% 3.8%

Africa 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 22,007 23,437 21,760 21,558 21,168 21,704 21,756 0.2% -0.1%

- Latin America 7,087 7,441 8,479 8,658 8,848 9,021 9,087 0.7% 1.8%

World 77,179 84,562 88,700 89,502 90,563 91,859 92,519 0.7% 1.3%

European Union 14,664 15,164 14,066 13,647 13,162 12,993 12,813 -1.4% -1.0%

MENA 6,221 7,577 9,357 9,429 9,890 10,031 10,287 2.5% 3.7%

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 5,486 6,789 8,472 8,452 8,917 9,069 9,299 2.5% 3.8%

NON OPEC 71,694 77,772 80,227 81,050 81,646 82,790 83,219 0.5% 1.1%

19

Oil Consumption


The World Top 10 Consumers(*) (thousand barrels/day)



2000 2005 2010 2011 2012 2013 2014Δ y/y

(2014-2013)

CAGR

(2014-2000)

United States 19,999 21,168 19,476 19,248 18,814 19,265 19,343 0.4% -0.2%

China 4,642 6,748 8,990 9,378 9,819 10,118 10,421 3.0% 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%

The World Top 10 45,774 49,776 51,873 52,612 53,489 54,526 55,154 1.2% 1.3%

Rest of the World 31,405 34,785 36,827 36,890 37,074 37,334 37,365 0.1% 1.2%

World 77,179 84,562 88,700 89,502 90,563 91,859 92,519 0.7% 1.3%

20

Oil Consumption


Countries(*)



2000 2005 2010 2011 2012 2013 2014Δ y/y

(2014-2013)

CAGR

(2014-2000)

Europe 16,345 16,981 15,909 15,507 15,013 14,892 14,680 -1.4% -0.8%

Albania 21 29 25 25 22 22 22 -0.1% 0.5%

Austria 250 299 278 264 260 263 261 -1.0% 0.3%

Belarus 134 154 147 186 180 177 179 0.6% 2.1%

Belgium 606 660 667 629 606 613 619 1.0% 0.1%

Bosnia Herzegovina 23 23 33 33 31 32 32 2.9% 2.6%

Bulgaria 86 99 84 80 85 81 85 4.6% -0.1%

Croatia 82 94 78 78 72 72 73 1.1% -0.9%

Cyprus 50 57 57 56 53 50 48 -4.0% -0.3%

Czech Republic 170 213 201 197 194 188 201 7.0% 1.2%

Denmark 210 183 167 164 155 155 154 -0.4% -2.2%

Estonia 21 26 26 26 29 30 32 8.2% 3.0%

Finland 214 219 214 208 198 198 196 -1.1% -0.6%

France 2,001 1,990 1,833 1,793 1,772 1,767 1,706 -3.5% -1.1%

Germany 2,767 2,624 2,467 2,392 2,389 2,435 2,399 -1.5% -1.0%

Gibraltar 22 32 50 53 54 57 60 5.6% 7.4%

Greece 399 424 372 351 306 284 283 -0.2% -2.4%

Hungary 143 155 149 143 133 135 141 4.4% -0.1%

Iceland 18 19 21 21 18 17 17 -1.8% -0.6%

Ireland 170 192 161 143 136 141 142 0.7% -1.3%

Italy 1,854 1,781 1,544 1,494 1,370 1,315 1,235 -6.1% -2.9%

Latvia 28 32 35 35 31 32 32 0.6% 1.1%

Lithuania 54 62 53 59 70 71 72 0.6% 2.0%

Luxembourg 48 65 60 61 59 59 57 -3.7% 1.2%

Macedonia 19 18 18 19 19 19 20 4.2% 0.4%

Malta 29 32 46 42 43 43 44 1.7% 3.1%

Moldova 9 13 16 17 19 20 20 0.6% 5.9%

Netherlands 855 1,009 1,020 1,019 1,011 992 960 -3.2% 0.8%

Norway 209 222 222 226 217 224 227 1.2% 0.6%

Poland 411 471 565 557 527 511 510 -0.1% 1.6%

Portugal 333 337 274 256 227 241 244 1.3% -2.2%

Romania 206 224 176 184 182 183 187 2.0% -0.7%

Serbia and Montenegro 36 99 99 98 87 88 91 2.9% 6.8%

Slovakia 67 78 84 82 71 71 73 3.5% 0.7%

Slovenia 50 54 56 55 54 51 49 -2.8% -0.2%

Spain 1,433 1,607 1,441 1,385 1,301 1,205 1,209 0.4% -1.2%

Sweden 362 360 336 315 300 300 295 -1.5% -1.4%

Switzerland 274 272 266 247 251 264 238 -9.5% -1.0%

Turkey 667 659 650 655 689 724 705 -2.7% 0.4%

Ukraine 249 277 295 279 265 254 256 0.6% 0.2%

United Kingdom 1,765 1,819 1,620 1,578 1,528 1,507 1,505 -0.2% -1.1%

2000 2005 2010 2011 2012 2013 2014Δ y/y

(2014-2013)

CAGR

(2014-2000)


Russia 2,702 2,732 3,082 3,357 3,395 3,533 3,637 2.9% 2.1%

Armenia 34 40 9 48 45 47 47 0.6% 2.4%

Azerbaijan 131 104 80 84 82 89 89 0.6% -2.7%

Georgia 15 14 20 20 16 16 16 0.6% 0.4%

Kazakhstan 186 206 226 214 241 245 246 0.6% 2.0%

Kyrgyzstan 10 12 26 34 32 33 33 0.6% 8.9%

Tajikistan 22 29 11 14 14 15 15 0.6% -3.0%

Turkmenistan 60 86 130 109 117 126 126 0.6% 5.5%

Uzbekistan 140 131 79 97 102 100 101 0.6% -2.3%

21

Oil Consumption


Countries(*)



2000 2005 2010 2011 2012 2013 2014Δ y/y

(2014-2013)

CAGR

(2014-2000)

Middle East 4,967 6,120 7,552 7,718 8,036 8,160 8,362 2.5% 3.8%

Bahrain 34 64 65 65 71 72 73 0.9% 5.5%

Iran 1,377 1,679 1,831 1,798 1,799 1,821 1,817 -0.2% 2.0%

Iraq 469 534 650 694 749 801 759 -5.2% 3.5%

Israel 252 233 251 248 280 237 235 -1.2% -0.5%

Jordan 101 111 103 131 147 150 153 1.6% 3.0%

Kuwait 216 327 448 458 472 456 446 -2.1% 5.3%

Lebanon 93 97 120 124 140 144 147 2.4% 3.3%

Oman 64 72 150 179 186 198 208 4.9% 8.8%

Qatar 48 89 181 174 209 214 237 10.8% 12.0%

Saudi Arabia 1,571 1,941 2,674 2,777 2,969 3,019 3,216 6.5% 5.3%

Syria 228 324 299 286 215 211 196 -7.1% -1.1%

United Arab Emirates 416 510 621 650 669 706 744 5.3% 4.2%

Yemen 98 139 159 135 129 131 133 1.5% 2.2%

2000 2005 2010 2011 2012 2013 2014Δ y/y

(2014-2013)

CAGR

(2014-2000)

Africa 2,472 2,933 3,622 3,580 3,777 3,824 3,905 2.1% 3.3%

Algeria 240 271 352 367 395 401 433 7.8% 4.3%

Angola 37 42 106 105 110 119 129 8.5% 9.3%

Benin 10 19 35 36 38 40 43 6.0% 10.6%

Cameroon 21 22 35 36 37 39 40 4.2% 4.6%

Congo 4 6 12 14 14 14 17 23.5% 10.6%

Côte d'Ivoire 27 24 24 21 33 34 36 4.5% 2.1%

Dem. Rep. Congo 8 13 16 19 20 18 18 2.0% 6.2%

Egypt 539 638 804 798 834 863 881 2.2% 3.6%

Ethiopia 23 33 45 49 52 56 59 5.4% 7.0%

Gabon 14 15 17 17 17 18 19 5.9% 2.5%

Ghana 39 49 73 73 91 96 101 5.2% 7.1%

Kenya 61 61 86 88 84 87 90 3.8% 2.8%

Libya 244 264 304 187 262 232 224 -3.3% -0.6%

Morocco 147 193 258 277 279 290 300 3.4% 5.2%

Mozambique 10 11 16 18 18 19 20 6.2% 5.1%

Nigeria 224 300 289 287 298 302 288 -4.5% 1.8%

Senegal 31 36 38 38 38 39 40 2.8% 1.7%

South Africa 436 504 598 625 612 599 587 -2.0% 2.2%

Sudan 43 77 112 107 105 105 109 3.8% 6.9%

Tanzania 18 30 35 41 49 51 54 5.6% 8.3%

Tunisia 84 91 88 83 85 86 87 1.4% 0.2%

Zambia 11 13 13 15 19 19 20 3.5% 4.6%

Zimbabwe 23 14 13 14 15 15 15 0.2% -3.2%

Others Africa 180 206 255 264 272 284 295 4.1% 3.6%

22

Oil Consumption


Countries(*)



2000 2005 2010 2011 2012 2013 2014Δ y/y

(2014-2013)

CAGR

(2014-2000)

Asia - Pacific 21,001 24,295 27,716 28,506 29,678 30,055 30,417 1.2% 2.7%

Australia 872 964 1,005 1,048 1,073 1,082 1,082 0.0% 1.6%

Bangladesh 66 80 81 103 109 113 118 4.0% 4.2%

Brunei 13 14 16 18 17 18 18 4.2% 2.6%

China 4,642 6,748 8,990 9,378 9,819 10,118 10,421 3.0% 5.9%

Hong Kong 250 290 425 373 355 372 366 -1.6% 2.8%

India 2,336 2,632 3,429 3,578 3,755 3,774 3,860 2.3% 3.7%

Indonesia 1,153 1,342 1,527 1,619 1,726 1,780 1,815 1.9% 3.3%

Japan 5,480 5,298 4,429 4,443 4,705 4,521 4,297 -5.0% -1.7%

Malaysia 445 509 620 677 656 657 684 4.1% 3.1%

Myanmar 37 42 24 25 45 47 49 4.0% 2.0%

Nepal 15 16 22 23 25 26 27 4.0% 4.3%

New Zealand 134 153 153 155 153 154 157 1.9% 1.1%

North Korea 20 18 17 17 16 16 16 0.0% -1.8%

Pakistan 374 336 410 407 424 438 447 2.0% 1.3%

Philippines 350 312 314 303 309 321 337 5.0% -0.3%

Singapore 729 859 1,163 1,230 1,219 1,244 1,268 1.9% 4.0%

South Korea 2,135 2,191 2,269 2,259 2,322 2,324 2,350 1.1% 0.7%

Sri Lanka 76 96 87 100 108 113 118 4.1% 3.2%

Taiwan 869 993 1,027 950 940 983 989 0.6% 0.9%

Thailand 748 1,008 1,128 1,180 1,249 1,263 1,277 1.1% 3.9%

Vietnam 165 267 414 432 454 480 505 5.1% 8.3%

Others Asia - Pacific 93 126 166 186 200 209 217 4.0% 6.3%

2000 2005 2010 2011 2012 2013 2014Δ y/y

(2014-2013)

CAGR

(2014-2000)

Americas 29,093 30,878 30,238 30,217 30,016 30,725 30,844 0.4% 0.4%

Argentina 549 570 691 714 758 777 768 -1.2% 2.4%

Bolivia 40 47 63 67 72 76 79 4.8% 5.0%

Brazil 2,135 2,173 2,774 2,869 2,968 3,096 3,218 3.9% 3.0%

Canada 2,008 2,269 2,283 2,310 2,354 2,439 2,413 -1.1% 1.3%

Chile 240 272 323 332 340 339 323 -4.6% 2.2%

Colombia 270 263 267 307 316 332 329 -0.9% 1.4%

Costa Rica 37 46 49 50 50 51 53 2.7% 2.6%

Cuba 196 178 182 176 179 181 182 1.0% -0.5%

Dominican Republic 123 119 114 114 115 116 118 1.5% -0.3%

Ecuador 147 193 244 245 251 259 267 3.2% 4.3%

El Salvador 37 45 44 45 46 47 48 2.2% 1.8%

Guatemala 61 72 71 72 72 74 76 2.7% 1.6%

Haiti 10 14 14 15 16 16 17 3.0% 3.7%

Honduras 28 43 46 47 51 52 54 3.0% 4.7%

Jamaica 66 70 51 53 51 51 52 1.5% -1.7%

Mexico 2,096 2,117 2,080 2,113 2,086 2,044 1,966 -3.8% -0.5%

Netherlands Antilles 75 79 73 80 81 82 84 2.3% 0.9%

Nicaragua 24 27 29 30 29 30 31 3.6% 1.9%

Panama 84 87 123 132 131 136 141 3.3% 3.7%

Paraguay 23 25 35 37 38 41 43 3.7% 4.6%

Peru 163 160 202 214 223 234 248 5.9% 3.0%

Trinidad and Tobago 29 47 47 47 44 44 45 1.8% 3.1%

United States 19,999 21,168 19,476 19,248 18,814 19,265 19,343 0.4% -0.2%

Uruguay 43 43 53 60 66 67 69 2.3% 3.5%

Venezuela 497 639 774 710 735 740 740 0.0% 2.9%

Others Americas 113 112 130 130 131 134 137 2.2% 1.4%

23

Oil Per Capita Consumption


Areas and Aggregates (*) (barrels)

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

2000 2005 2010 2011 2012 2013 2014

Europe 9.31 9.49 8.71 8.47 8.17 8.09 7.95Russia and Central Asia 5.53 5.62 6.02 6.52 6.61 6.85 7.00Middle East 10.91 11.94 12.98 12.97 13.23 13.18 13.25Africa 1.23 1.30 1.42 1.39 1.43 1.41 1.41Asia - Pacific 2.25 2.45 2.66 2.71 2.80 2.81 2.81Americas 12.75 12.75 11.83 11.70 11.51 11.67 11.60- North America 25.63 26.03 23.09 22.70 22.12 22.52 22.40- Latin America 4.98 4.89 5.25 5.30 5.36 5.40 5.38

World 4.60 4.74 4.69 4.68 4.68 4.69 4.67

European Union 11.11 11.26 10.25 9.92 9.54 9.40 9.24

MENA 7.39 8.17 9.09 8.98 9.25 9.21 9.28

OECD 15.36 15.38 13.83 13.59 13.37 13.34 13.13NON OECD 2.11 2.35 2.69 2.74 2.81 2.84 2.87

OPEC 6.14 6.78 7.50 7.31 7.54 7.50 7.52NON OPEC 4.52 4.62 4.51 4.51 4.50 4.51 4.49

24



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

25



Countries(*)

(barrels)


2000 2005 2010 2011 2012 2013 2014

Europe 9.31 9.49 8.71 8.47 8.17 8.09 7.95

Albania 2.49 3.50 3.23 3.26 2.91 2.94 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 6.03 7.59 6.99 6.85 6.73 6.52 6.97

Denmark 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

Hungary 5.12 5.59 5.44 5.23 4.88 4.97 5.21

Iceland 23.90 23.96 24.23 24.17 19.81 18.86 18.31

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

Luxembourg 40.17 50.74 43.14 43.05 40.57 39.33 37.01

Macedonia 3.35 3.17 3.20 3.29 3.22 3.28 3.42

Malta 26.66 28.81 40.60 36.53 37.26 36.79 38.06

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

Spain 12.92 13.30 11.19 10.71 10.05 9.35 9.35

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

United Kingdom 10.94 10.99 9.42 9.10 8.76 8.58 8.51

2000 2005 2010 2011 2012 2013 2014

Russia and Central Asia 5.53 5.62 6.02 6.52 6.61 6.85 7.00Russia 6.72 6.93 7.83 8.54 8.66 9.03 9.32Armenia 4.00 4.77 1.03 5.59 5.32 5.47 5.49Azerbaijan 5.89 4.43 3.20 3.34 3.21 3.44 3.42Georgia 1.17 1.11 1.69 1.65 1.37 1.34 1.35Kazakhstan 4.67 5.00 5.18 4.85 5.40 5.44 5.42Kyrgyzstan 0.74 0.89 1.76 2.27 2.14 2.19 2.17Tajikistan 1.32 1.54 0.51 0.65 0.63 0.64 0.63Turkmenistan 4.84 6.63 9.39 7.78 8.26 8.74 8.69

Uzbekistan 2.05 1.84 1.04 1.26 1.30 1.26 1.25

26



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

Israel 15.32 12.90 12.36 11.98 13.38 11.20 10.94

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

Lebanon 10.55 8.85 10.10 10.12 11.02 10.88 10.81

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

Syria 5.08 6.50 5.07 4.79 3.58 3.52 3.26

United Arab Emirates 50.13 44.91 26.84 26.57 26.52 27.58 28.74

Yemen 2.05 2.51 2.55 2.11 1.98 1.96 1.94

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

27



Countries(*)

(barrels)


2000 2005 2010 2011 2012 2013 2014

Asia - Pacific 2.25 2.45 2.66 2.71 2.80 2.81 2.81

Australia 16.53 17.15 16.38 16.82 17.00 16.92 16.71

Bangladesh 0.18 0.20 0.20 0.25 0.26 0.26 0.27

Brunei 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

Hong Kong 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

Japan 15.91 15.23 12.69 12.74 13.50 12.98 12.35

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 0.24 0.23 0.30 0.31 0.33 0.34 0.35

New Zealand 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

Sri Lanka 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

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

Netherlands Antilles 162.28 171.42 148.82 155.97 154.71 156.65 158.87

Nicaragua 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

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

28

Oil Production/Consumption Ratio



Production/Consumption Ratio (2014)

(*) Data source: Eni’s calculations. The original data are from Monthly Oil Data Services © OECD/International Energy Agency, 2015

2000 2005 2010 2011 2012 2013 2014

Europe 0.43 0.35 0.28 0.26 0.25 0.24 0.24

Russia and Central Asia 2.38 3.49 3.67 3.39 3.34 3.28 3.21

Middle East 4.73 4.18 3.36 3.58 3.51 3.44 3.41

Africa 3.16 3.38 2.85 2.55 2.60 2.37 2.19

Asia - Pacific 0.38 0.33 0.31 0.29 0.28 0.27 0.27

Americas 0.72 0.68 0.71 0.73 0.77 0.80 0.86

- North America 0.49 0.43 0.51 0.54 0.61 0.65 0.74

- Latin America 1.45 1.46 1.22 1.21 1.17 1.14 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 0.45 0.40 0.40 0.41 0.43 0.45 0.50

NON OECD 1.86 1.82 1.55 1.52 1.50 1.45 1.42

OPEC 5.61 5.12 4.09 4.23 4.21 4.05 3.94

NON OPEC 0.62 0.61 0.61 0.60 0.60 0.61 0.63

29



The World Top 10 Producers Ranked by Production/Consumption Ratio(*)



2000 2005 2010 2011 2012 2013 2014

Kuwait 10.01 7.78 5.58 6.05 6.33 6.82 6.95


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

30



Countries(*)


2000 2005 2010 2011 2012 2013 2014

Europe 0.43 0.35 0.28 0.26 0.25 0.24 0.24

Albania 0.27 0.28 0.49 0.61 0.75 0.77 0.91Austria 0.08 0.06 0.09 0.09 0.09 0.08 0.08Belarus 0.28 0.23 0.23 0.17 0.17 0.16 0.15Bulgaria 0.01 0.01 0.01 0.01 0.01 0.01 0.01Croatia 0.34 0.23 0.25 0.23 0.23 0.22 0.21Czech Republic 0.04 0.05 0.03 0.04 0.04 0.03 0.02Denmark 1.73 2.12 1.52 1.35 1.29 1.13 1.07Estonia 0.22 0.18 0.38 0.42 0.41 0.41 0.43France 0.02 0.02 0.02 0.02 0.02 0.01 0.01Germany 0.03 0.04 0.03 0.03 0.03 0.03 0.03Greece 0.01 0.00 0.01 0.01 0.01 0.00 0.00Hungary 0.27 0.24 0.17 0.15 0.18 0.19 0.14Italy 0.04 0.07 0.07 0.07 0.08 0.08 0.09Netherlands 0.06 0.05 0.04 0.04 0.04 0.05 0.04Norway 15.92 13.36 9.61 9.04 8.82 8.21 8.35Poland 0.04 0.06 0.03 0.03 0.04 0.06 0.06Romania 0.64 0.51 0.52 0.49 0.49 0.48 0.47Serbia and Montenegro 0.55 0.13 0.18 0.22 0.23 0.20 0.19Slovakia 0.02 0.09 0.06 0.03 0.03 0.05 0.06Spain 0.00 0.00 0.00 0.00 0.01 0.01 0.01Turkey 0.08 0.07 0.07 0.07 0.07 0.06 0.07Ukraine 0.33 0.35 0.27 0.25 0.29 0.27 0.24United Kingdom 1.53 1.01 0.84 0.71 0.62 0.59 0.58

2000 2005 2010 2011 2012 2013 2014


Russia 2.42 3.53 3.39 3.16 3.15 3.08 3.01Azerbaijan 2.15 4.31 13.07 10.98 10.72 9.98 9.77Georgia 0.14 0.10 0.04 0.04 0.04 0.04 0.04Kazakhstan 3.85 6.27 7.32 7.86 6.91 6.99 6.85Kyrgyzstan 0.15 0.18 0.04 0.05 0.05 0.04 0.04Tajikistan 0.02 0.01 0.02 0.04 0.04 0.04 0.04Turkmenistan 2.65 2.33 1.51 1.81 1.83 1.90 1.99Uzbekistan 1.25 0.90 1.11 0.80 0.67 0.68 0.67

2000 2005 2010 2011 2012 2013 2014

Middle East 4.73 4.18 3.36 3.58 3.51 3.44 3.41

Bahrain 5.75 3.10 2.94 3.11 2.59 2.68 2.62Iran 2.73 2.52 2.30 2.32 1.97 1.81 1.89Iraq 5.51 3.44 3.74 3.96 4.05 3.95 4.50Kuwait 10.01 7.78 5.58 6.05 6.33 6.82 6.95Oman 15.08 10.73 5.82 4.99 4.96 4.79 4.56Qatar 17.80 13.70 9.20 10.40 9.63 9.63 8.60Saudi Arabia 5.95 5.61 3.73 4.04 3.95 3.84 3.62Syria 2.51 1.38 1.29 1.23 0.80 0.28 0.17United Arab Emirates 6.31 5.87 4.56 4.95 5.06 4.96 4.81Yemen 4.57 3.04 1.92 1.79 1.46 1.15 1.09

31



Countries(*)


2000 2005 2010 2011 2012 2013 2014

Africa 3.16 3.38 2.85 2.55 2.60 2.37 2.19

Algeria 5.99 7.14 4.89 4.56 4.10 3.92 3.65Angola 20.11 29.63 17.14 16.42 16.82 15.11 13.48Cameroon 5.33 3.99 1.86 1.67 1.73 1.78 1.89Congo 63.44 38.14 24.19 22.33 20.07 20.23 16.39Côte d'Ivoire 0.26 1.66 1.89 2.14 1.29 1.00 0.76Dem. Rep. Congo 2.91 1.96 1.53 1.23 1.20 1.34 1.26Egypt 1.35 1.06 0.91 0.91 0.90 0.85 0.79Gabon 20.07 18.08 14.76 14.58 14.30 12.95 12.25Ghana 0.18 0.12 0.09 1.06 0.89 1.08 1.06Libya 6.04 6.52 5.47 2.60 5.64 4.11 2.22Nigeria 9.66 8.48 9.04 9.40 8.81 8.13 8.42South Africa 0.46 0.41 0.24 0.19 0.21 0.19 0.19Sudan 4.12 3.97 4.16 4.23 1.08 2.04 2.47Tunisia 0.92 0.80 0.95 0.85 0.82 0.75 0.69

2000 2005 2010 2011 2012 2013 2014

Asia - Pacific 0.38 0.33 0.31 0.29 0.28 0.27 0.27

Australia 0.92 0.57 0.56 0.47 0.45 0.37 0.39Bangladesh 0.06 0.07 0.06 0.05 0.04 0.04 0.03Brunei 15.29 15.09 9.32 9.61 9.24 7.67 6.87China 0.70 0.54 0.45 0.44 0.43 0.41 0.40India 0.33 0.29 0.26 0.26 0.24 0.23 0.23Indonesia 1.27 0.81 0.65 0.58 0.53 0.49 0.46Malaysia 1.60 1.56 1.16 0.97 1.03 0.98 0.98Myanmar 0.33 0.53 0.78 0.69 0.38 0.34 0.31New Zealand 0.33 0.16 0.39 0.32 0.31 0.27 0.30Pakistan 0.15 0.19 0.16 0.17 0.16 0.14 0.14Philippines 0.00 0.13 0.11 0.11 0.09 0.08 0.12South Korea 0.01 0.00 0.01 0.01 0.01 0.01 0.01Thailand 0.26 0.29 0.34 0.35 0.32 0.37 0.36Vietnam 2.02 1.44 0.77 0.73 0.78 0.72 0.61

2000 2005 2010 2011 2012 2013 2014

Americas 0.72 0.68 0.71 0.73 0.77 0.80 0.86

Argentina 1.51 1.39 1.06 0.95 0.87 0.81 0.81Bolivia 0.97 1.24 0.81 0.78 0.78 0.76 0.76Brazil 0.60 0.78 0.77 0.77 0.73 0.69 0.73Canada 1.36 1.34 1.46 1.53 1.59 1.63 1.74Chile 0.04 0.03 0.04 0.04 0.03 0.03 0.03Colombia 2.55 2.01 2.95 2.99 3.00 3.04 3.02Cuba 0.26 0.30 0.31 0.31 0.29 0.28 0.26Ecuador 2.74 2.76 1.92 2.03 2.00 2.00 2.06Guatemala 0.35 0.26 0.17 0.15 0.14 0.12 0.11Mexico 1.65 1.78 1.42 1.39 1.40 1.41 1.42Peru 0.64 0.73 0.77 0.71 0.69 0.71 0.70Trinidad and Tobago 4.90 3.82 3.16 2.98 2.75 2.64 2.50United States 0.40 0.33 0.40 0.42 0.48 0.53 0.61Venezuela 6.47 4.84 3.58 3.87 3.72 3.68 3.61

32

Oil Crude Future Prices and Open Interests


Ice Brent Price 1 Month(*) WTI vs Brent 1 Month Differential(*)

(US$/barrel) (US$/barrel)

Ice Brent Open Interests(*) CME WTI Open Interests(*)

(no. contracts) (no. contracts)

(*) Data source: ICE London and CME New York

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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

Natural Gas Reserves


Areas and Aggregates (*) (billion cubic metres as at 31st December)

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

2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

Europe 8,540 7,336 6,364 5,704 5,590 5,369 5,078 -5.4% -3.6%


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%

- North America 6,704 7,416 10,321 11,114 10,417 11,670 12,088 3.6% 4.3%

- Latin America 7,714 7,235 7,889 7,912 8,043 7,996 7,979 -0.2% 0.2%

World 158,983 175,456 195,895 199,700 199,438 200,724 201,771 0.5% 1.7%

European Union 3,606 3,144 2,582 2,000 1,892 1,714 1,538 -10.3% -5.9%

MENA 67,162 80,448 87,653 88,236 88,436 88,348 88,723 0.4% 2.0%

OECD 17,059 16,049 19,611 20,189 19,365 20,372 20,426 0.3% 1.3%

NON OECD 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%

36



The World Top 10 Reserves Holders (*)

(billion cubic metres as at 31st December)

The World top 10 (2014)


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%


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%

The World Top 10 117,695 133,471 152,158 156,288 155,854 157,147 158,123 0.6% 2.1%

Rest of the World 41,288 41,984 43,737 43,411 43,583 43,577 43,648 0.2% 0.4%

World 158,983 175,456 195,895 199,700 199,438 200,724 201,771 0.5% 1.7%

37



Countries (*)


(*) 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

2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2013-2000)

Europe 8,540 7,336 6,364 5,704 5,590 5,369 5,078 -5.4% -3.6%Albania 2 2 2 2 2 2 2 0.0% 0.0%Austria 26 21 16 15 14 11 10 -7.3% -6.7%Belarus 2 1 1 1 1 1 1 0.0% -9.4%Bulgaria 6 3 5 5 5 5 5 0.0% -1.3%Croatia 29 30 25 24 23 22 20 -7.0% -2.5%Czech Republic 4 3 3 3 3 3 3 0.0% -2.0%Denmark 144 122 101 95 91 90 90 0.0% -3.3%France 8 7 5 11 10 9 9 -2.9% 0.6%Germany 264 178 87 80 71 63 51 -18.7% -11.1%Greece 1 1 1 1 1 1 1 0.0% 0.0%Hungary 32 21 12 12 11 9 9 -0.5% -8.5%Ireland 34 25 25 25 25 25 25 0.0% -2.2%

Italy (**) 199 117 66 62 59 56 53 -5.4% -9.0%Moldova 20 20 20 20 20 20 20 0.0% 0.0%Netherlands 1,655 1,387 1,304 1,230 1,131 989 864 -12.6% -4.5%

Norway (***) 3,841 3,108 2,762 2,685 2,687 2,654 2,547 -4.0% -2.9%Poland 119 106 71 69 73 69 63 -8.8% -4.5%Romania 335 628 595 109 119 113 109 -3.4% -7.7%Serbia and Montenegro 25 23 22 21 21 20 20 0.0% -1.6%Slovakia 15 14 13 13 12 4 4 0.0% -9.0%Spain 0 0 0 0 0 4 3 -2.6%Turkey 4 8 6 6 7 6 6 1.6% 3.4%Ukraine 1,040 1,030 969 969 960 952 944 -0.8% -0.7%United Kingdom 735 481 253 246 244 242 218 -10.0% -8.3%

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%

Armenia 165 165 18 18 18 18 18 0.0% -14.6%

Azerbaijan 1,275 1,275 1,317 1,317 1,308 1,300 1,291 -0.7% 0.1%

Georgia 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%

Turkmenistan 2,680 2,680 10,000 10,000 9,967 9,934 9,904 -0.3% 9.8%

Uzbekistan 1,735 1,735 1,661 1,661 1,632 1,632 1,608 -1.5% -0.5%

2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

Middle East 59,811 72,493 79,376 79,928 80,131 80,087 80,480 0.5% 2.1%

Bahrain 110 90 92 92 92 92 92 0.0% -1.3%

Iran 26,600 27,580 33,090 33,620 33,780 34,020 34,020 0.0% 1.8%

Iraq 3,109 3,170 3,158 3,158 3,158 3,158 3,158 0.0% 0.1%

Israel 45 45 215 202 202 224 217 -3.1% 11.9%

Jordan 7 6 6 6 6 6 6 0.0% -1.1%

Kuwait 1,557 1,572 1,784 1,784 1,784 1,784 1,784 0.0% 1.0%

Oman 859 670 950 950 950 950 1,328 39.8% 3.2%

Qatar 14,443 25,636 25,201 25,110 25,069 24,681 24,531 -0.6% 3.9%

Saudi Arabia 6,301 6,900 8,016 8,151 8,235 8,317 8,489 2.1% 2.2%

Syria 241 285 285 285 285 285 285 0.0% 1.2%


Yemen 479 479 488 479 479 479 479 0.0% 0.0%

38



Countries (*)


(*) Data source: Eni’s estimates on Enerdata Global Energy & CO2 Data

2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

Africa 12,460 14,223 14,527 14,598 14,543 14,470 14,478 0.1% 1.1%Algeria 4,523 4,504 4,504 4,504 4,504 4,504 4,504 0.0% 0.0%Angola 269 270 275 275 275 275 308 12.0% 1.0%Benin 1 1 1 1 1 1 1 0.0% 0.0%Cameroon 102 165 155 153 151 144 154 6.9% 3.0%Chad 0 0 1 1 1 1 1 0.0%Congo 122 130 127 124 121 115 106 -7.8% -1.0%Côte d'Ivoire 30 25 18 16 16 24 23 -4.2% -1.9%Dem. Rep. Congo 1 1 0 0 0 0 0 -100.0%Egypt 1,433 1,920 2,210 2,190 2,185 2,185 2,168 -0.8% 3.0%Equatorial Guinea 48 96 125 121 119 109 99 -8.7% 5.3%Ethiopia 25 25 28 28 28 28 28 0.0% 0.8%Gabon 33 30 28 27 26 26 26 0.0% -1.7%Ghana 24 24 27 27 27 27 27 0.0% 0.8%Libya 1,314 1,491 1,495 1,547 1,549 1,506 1,505 -0.1% 1.0%Madagascar 2 2 2 2 2 2 2 0.0% 0.0%Mauritania 0 0 1 1 1 1 1 0.0%Morocco 3 3 3 2 2 1 1 0.0% -7.5%Mozambique 62 61 75 75 75 75 75 0.0% 1.4%Namibia 85 70 70 70 70 70 70 0.0% -1.4%Nigeria 4,106 5,152 5,110 5,154 5,118 5,111 5,111 0.0% 1.6%Rwanda 57 57 57 57 57 57 57 0.0% 0.0%Senegal 11 11 10 10 2 2 2 0.0% -11.5%Somalia 6 6 6 6 6 6 6 0.0% 0.0%South Africa 17 29 12 15 15 8 11 31.7% -3.2%Sudan 85 85 85 85 85 85 85 0.0% 0.0%Tanzania 23 28 37 37 37 37 37 0.0% 3.5%Tunisia 78 37 65 65 65 65 65 0.0% -1.3%Uganda 0 0 0 5 5 5 5 0.0%

2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

0.01322043 0.0274856Asia - Pacific 12,247 14,134 16,469 16,818 17,036 16,982 17,031 0.3% 2.4%Afghanistan 100 100 100 100 100 100 100 0.0% 0.0%Australia 2,203 2,429 3,864 3,831 3,821 3,769 3,703 -1.7% 3.8%Bangladesh 306 407 354 474 458 436 418 -4.1% 2.3%Brunei 366 333 301 288 276 270 263 -2.5% -2.3%China 1,515 2,200 2,853 3,051 3,200 3,275 3,367 2.8% 5.9%India 760 1,101 1,149 1,278 1,330 1,355 1,427 5.3% 4.6%Indonesia 2,608 2,659 2,963 2,925 2,954 2,866 2,815 -1.8% 0.5%Japan 40 39 37 36 34 33 32 -3.9% -1.6%Malaysia 2,189 2,346 2,334 2,389 2,550 2,611 2,690 3.0% 1.5%Myanmar 287 485 522 509 496 485 474 -2.2% 3.7%New Zealand 57 62 52 51 50 53 64 19.8% 0.8%Pakistan 677 852 810 778 762 749 736 -1.7% 0.6%Papua New Guinea 428 428 442 442 442 442 427 -3.5% 0.0%Philippines 105 95 89 87 83 80 76 -5.1% -2.3%South Korea 0 3 1 1 1 1 1 0.0%Taiwan 76 71 70 69 3 3 3 0.0% -20.6%Thailand 360 304 300 285 256 238 225 -5.7% -3.3%Vietnam 170 220 228 224 220 216 211 -2.5% 1.5%

39



Countries (*)



2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

Americas 14,418 14,651 18,210 19,026 18,461 19,666 20,067 2.0% 2.4%Argentina 778 439 359 333 316 328 309 -5.8% -6.4%Barbados 0 2 2 2 2 2 2 0.0%Bolivia 675 710 281 281 317 296 300 1.5% -5.6%Brazil 221 306 417 460 459 458 471 2.9% 5.6%Canada 1,683 1,632 1,700 1,660 1,700 2,097 2,128 1.5% 1.7%Chile 94 43 43 41 41 40 40 0.0% -5.9%Colombia 129 113 153 155 162 156 156 0.0% 1.4%Cuba 18 17 14 12 11 11 10 -9.1% -4.1%Ecuador 10 9 8 6 6 6 11 81.7% 0.6%Mexico 835 412 353 360 360 347 324 -6.6% -6.5%Peru 245 338 353 359 435 425 414 -2.6% 3.8%Trinidad and Tobago 557 531 381 375 371 346 325 -6.1% -3.8%

United States (**) 5,021 5,784 8,621 9,454 8,717 9,573 9,960 4.0% 5.0%Venezuela 4,152 4,315 5,525 5,528 5,563 5,581 5,617 0.6% 2.2%

40




2000 2014

World: 158,983 billion cubic metres as at 31st December 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

41

Natural Gas Production


Areas and Aggregates(*) (billion cubic metres)

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

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 710.00 686.62 748.05 791.27 820.94 831.71 880.24 5.8% 1.5%

- Latin America 135.00 174.27 211.08 215.94 219.99 222.31 225.69 1.5% 3.7%

World 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%

OPEC 302.20 411.05 568.55 588.12 627.51 641.58 651.40 1.5% 5.6%

NON OPEC 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%

42



The World Top 10 Producers (*)

(billion cubic metres)


(*) 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

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%

Canada 176.94 183.84 157.94 157.90 154.99 155.46 161.39 3.8% -0.7%

China 27.15 49.23 94.67 102.49 106.95 120.62 129.91 7.7% 11.8%

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%

The World Top 10 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%

Rest of the world 852.76 1,023.62 1,151.43 1,135.39 1,130.45 1,147.67 1,133.37 -1.2% 2.1%

World 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%

Alg

eria

Sau

di A

rab

ia

Turk

men

ista

n

Nor

awy

Ch

ina

Can

ada

Qat

ar

Iran

Ru

ssia

Un

ited

Sta

tes

2.3

%

2.4

%

2.4

%

3.3

%

3.7

%

4.6

%

4.9

%

4.9

%

18

.2%

20

.7%

Share of World Total

43



Countries (*)


(*) 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

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%

Albania 0.01 0.01 0.01 0.01 0.02 0.02 0.03 73.0% 7.6%

Austria 1.83 1.67 1.77 1.74 1.87 1.34 1.22 -9.1% -2.9%

Belarus 0.25 0.23 0.21 0.22 0.22 0.23 0.22 -2.6% -1.0%

Bulgaria 0.01 0.46 0.07 0.42 0.37 0.27 0.17 -35.5% 19.2%

Croatia 1.62 2.22 2.64 2.39 1.95 1.80 1.66 -7.7% 0.2%

Czech Republic 0.20 0.18 0.24 0.23 0.26 0.25 0.24 -1.1% 1.3%

Denmark 8.84 11.19 8.76 7.04 6.15 5.11 4.92 -3.6% -4.1%

France 1.79 1.08 0.77 0.60 0.54 0.35 0.02 -95.6% -28.9%

Germany 18.84 17.10 13.25 12.99 11.41 10.57 9.07 -14.2% -5.1%

Greece 0.05 0.02 0.01 0.01 0.01 0.01 0.01 -6.3% -13.6%

Hungary 2.95 2.78 2.67 2.52 2.11 1.84 1.71 -7.1% -3.8%

Ireland 1.14 0.55 0.28 0.20 0.22 0.18 0.15 -20.3% -13.7%

Italy 16.25 11.79 8.21 8.25 8.41 7.56 6.98 -7.6% -5.9%

Netherlands 62.24 67.11 75.65 68.87 68.55 73.67 59.77 -18.9% -0.3%

Norway 55.20 89.50 113.55 107.02 120.18 114.02 113.30 -0.6% 5.3%

Poland 3.95 4.63 4.40 4.59 4.66 4.56 4.44 -2.5% 0.8%

Romania 13.08 11.57 10.28 10.34 10.36 10.26 10.40 1.4% -1.6%

Serbia and Montenegro 0.74 0.27 0.37 0.48 0.51 0.50 0.50 0.0% -2.7%

Slovakia 0.16 0.15 0.11 0.12 0.15 0.12 0.10 -19.7% -3.2%

Slovenia 0.01 0.00 0.01 0.00 0.00 0.00 0.00 0.0% -5.9%

Spain 0.18 0.17 0.05 0.05 0.06 0.06 0.02 -58.2% -13.1%

Turkey 0.63 0.88 0.67 0.75 0.62 0.53 0.47 -11.3% -2.1%

Ukraine 17.89 20.80 18.40 18.53 18.38 19.11 17.74 -7.2% -0.1%

United Kingdom 116.35 94.69 61.38 48.61 41.79 39.20 39.22 0.0% -7.5%

2000 2005 2010 2011 2012 2013 2014Δ y/y

(2014-2013)CAGR

(2014-2000)


Russia 561.43 615.22 644.22 659.40 644.98 671.80 630.77 -6.1% 0.8%

Azerbaijan 5.45 5.54 16.68 16.37 17.71 18.32 20.52 12.0% 9.9%

Georgia 0.07 0.02 0.01 0.01 0.01 0.00 0.00 -8.2% -17.8%

Kazakhstan 9.09 18.88 29.35 30.19 34.06 36.62 37.83 3.3% 10.7%

Kyrgyzstan 0.03 0.03 0.02 0.03 0.03 0.03 0.03 0.0% 0.2%

Tajikistan 0.04 0.03 0.02 0.02 0.01 0.00 0.00 5.6% -15.0%

Turkmenistan 45.58 61.20 44.00 64.32 67.07 76.20 84.42 10.8% 4.5%

Uzbekistan 54.79 58.57 58.39 61.24 61.11 57.92 58.33 0.7% 0.4%

2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

Middle East 199.30 302.65 471.70 501.31 524.00 558.25 565.84 1.4% 7.7%

Bahrain 8.17 9.96 12.61 12.64 12.72 13.88 14.64 5.5% 4.3%

Iran 59.46 99.54 145.17 151.74 157.73 159.25 170.08 6.8% 7.8%

Iraq 3.07 1.77 5.00 5.97 5.88 7.11 6.98 -2.0% 6.0%

Israel 0.01 1.57 3.19 4.19 2.45 6.28 7.39 17.7% 61.0%

Jordan 0.25 0.21 0.16 0.16 0.14 0.13 0.13 -0.1% -4.5%

Kuwait 9.35 11.98 11.43 13.18 15.12 15.89 14.63 -7.9% 3.2%

Oman 10.96 22.80 29.88 31.14 31.24 33.77 31.71 -6.1% 7.9%

Qatar 25.98 47.55 127.97 141.73 153.22 173.28 169.81 -2.0% 14.3%

Saudi Arabia 36.71 54.82 71.44 72.76 79.00 79.84 81.68 2.3% 5.9%

Syria 5.51 5.90 8.64 7.61 6.23 5.46 5.03 -7.9% -0.6%

United Arab Emirates 39.83 46.54 49.56 50.52 52.45 52.74 53.75 1.9% 2.2%

Yemen 0.00 0.00 6.66 9.66 7.81 10.62 10.01 -5.7%

44



Countries (*)



2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

Africa 124.55 185.10 201.52 195.09 203.91 195.77 189.34 -3.3% 3.0%

Algeria 83.31 90.18 85.83 83.00 86.50 82.18 80.87 -1.6% -0.2%

Angola 0.56 0.63 0.71 0.73 0.74 0.90 0.82 -9.2% 2.8%

Cameroon 0.00 0.00 0.31 0.22 0.27 0.46 0.46 0.0%

Congo 0.00 0.02 0.10 0.15 0.21 0.22 0.22 0.0%

Côte d'Ivoire 1.51 1.49 1.58 1.56 1.70 1.91 1.91 0.0% 1.7%

Dem. Rep. Congo 0.00 0.00 0.01 0.01 0.01 0.01 0.01 3.3%

Egypt 17.22 50.84 55.35 54.93 52.71 53.82 46.55 -13.5% 7.4%

Gabon 0.12 0.15 0.32 0.36 0.37 0.41 0.41 0.0% 9.0%

Libya 5.73 11.01 16.38 7.66 11.89 10.13 9.32 -8.0% 3.5%

Morocco 0.05 0.04 0.05 0.06 0.08 0.10 0.10 -0.1% 5.7%

Mozambique 0.00 2.23 3.20 3.36 3.76 3.82 3.82 0.0% 80.3%

Nigeria 12.14 23.59 31.70 37.35 40.14 36.21 39.25 8.4% 8.7%

Senegal 0.00 0.02 0.03 0.04 0.04 0.04 0.04 0.9% 35.0%

South Africa 1.67 2.13 1.50 1.33 1.14 1.22 1.22 0.0% -2.2%

Tanzania 0.00 0.40 0.77 0.85 0.97 0.97 0.97 0.0%

Tunisia 2.25 2.38 3.67 3.49 3.38 3.37 3.37 0.0% 2.9%

2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

Asia - Pacific 288.02 370.28 477.52 477.97 474.45 496.07 509.05 2.6% 4.2%

Australia 34.04 37.40 53.05 56.82 54.43 62.17 63.19 1.7% 4.5%

Bangladesh 8.80 12.89 19.83 19.98 20.97 22.62 23.54 4.1% 7.3%

Brunei 11.29 11.93 12.25 12.76 12.53 12.17 11.82 -2.9% 0.3%

China 27.15 49.23 94.67 102.49 106.95 120.62 129.91 7.7% 11.8%

India 27.51 30.94 51.24 46.48 39.77 34.63 33.65 -2.8% 1.4%

Indonesia 72.95 78.21 89.22 84.79 80.30 75.09 74.71 -0.5% 0.2%

Japan 2.73 3.45 3.83 3.82 3.65 3.26 3.13 -4.1% 1.0%

Malaysia 50.76 66.04 60.84 62.83 61.38 69.39 69.95 0.8% 2.3%

Myanmar 6.17 12.28 12.13 11.99 12.08 12.40 14.70 18.5% 6.4%

New Zealand 6.03 3.85 4.60 4.15 4.53 4.80 5.21 8.7% -1.0%

Pakistan 19.88 30.59 32.18 32.14 32.36 30.73 30.26 -1.5% 3.0%

Philippines 0.01 3.22 3.64 3.93 3.77 3.47 3.64 5.0% 51.9%

South Korea 0.00 0.53 0.58 0.48 0.47 0.50 0.34 -30.5%

Taiwan 0.71 0.52 0.28 0.32 0.38 0.33 0.33 0.1% -5.4%

Thailand 18.65 22.07 29.49 26.25 31.26 33.86 34.13 0.8% 4.4%

Vietnam 1.34 7.14 9.69 8.74 9.64 10.05 10.53 4.8% 15.9%

2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

Americas 845.00 860.89 959.13 1,007.21 1,040.93 1,054.02 1,105.93 4.9% 1.9%

Argentina 40.93 47.62 42.19 41.63 40.75 38.64 38.60 -0.1% -0.4%

Bolivia 4.80 12.24 14.72 15.99 18.25 20.78 21.99 5.8% 11.5%

Brazil 7.24 11.01 14.90 16.89 19.38 21.41 23.00 7.4% 8.6%

Canada 176.94 183.84 157.94 157.90 154.99 155.46 161.39 3.8% -0.7%

Chile 1.91 1.92 1.84 1.48 1.23 0.97 0.91 -6.0% -5.1%

Colombia 6.51 7.30 11.24 10.91 11.16 11.76 11.66 -0.9% 4.3%

Cuba 0.54 0.72 1.02 0.97 0.98 1.01 1.01 0.0% 4.5%

Ecuador 0.00 0.33 0.51 0.45 0.61 0.69 0.74 7.9%

Mexico 31.88 36.50 49.99 49.85 48.13 48.29 47.23 -2.2% 2.8%

Peru 0.59 1.94 9.09 14.02 14.30 14.27 15.10 5.8% 26.1%

Trinidad and Tobago 14.54 31.60 42.74 40.72 40.95 41.13 41.98 2.1% 7.9%

United States 533.06 502.78 590.11 633.37 665.95 676.25 718.85 6.3% 2.2%

Venezuela 26.06 23.10 22.85 23.02 24.24 23.36 23.47 0.5% -0.7%

45




2000 2014

World: 2,457.57 billion cubic metres World: 3,474.46 billion cubic metres

2014 (billion cubic metres as at 31st December)

(*) 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

North America880.24

Latin America225.69

Africa189.34

Middle East565.84

Russia and C. Asia831.92

Asia - Pacific509.05

Europe272.37

Majors

10%IOCs

5%

NOCs

1%

Others

84%

Majors11%

IOCs1%

NOCs79%

Others10%

Majors5%

IOCs0%

NOCs85%

Others10%

Majors

22%

IOCs

3%

NOCs

70%

Others

5%

Majors26%

IOCs4%

NOCs69%

Others1%

Majors17%

IOCs8%NOCs

51%

Others25%

Majors31%

IOCs18%

NOCs2%

Others48%

46

Natural Gas Reserves/Production Ratio



(years)

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

2000 2005 2010 2011 2012 2013 2014

Europe 26 22 20 19 19 18 19


Middle East 300 240 168 159 153 143 142

Africa 100 77 72 75 71 74 76

Asia - Pacific 43 38 34 35 36 34 33

Americas 17 17 19 19 18 19 18

- North America 9 11 14 14 13 14 14

- Latin America 57 42 37 37 37 36 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 16 15 17 17 16 17 16

NON OECD 103 92 85 84 83 81 81

OPEC 240 211 166 161 152 148 146

NON OPEC 40 37 38 39 38 38 38

47



The World Top 10 Producers Ranked by Reserves/Production Ratio (*)

(years)


(*) 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

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

Norway 70 35 24 25 22 23 22

United States (**) 9 12 15 15 13 14 14

Canada 10 9 11 11 11 13 13

48



Countries (*)

(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

(**) The original data are from Italian Ministry for Economic Development

2000 2005 2010 2011 2012 2013 2014

Europe 26 22 20 19 19 18 19

Austria 14 13 9 9 8 8 8

Croatia 18 13 9 10 12 12 12

Denmark 16 11 12 14 15 18 18

France 4 6 6 18 19 26 578

Germany 14 10 7 6 6 6 6

Hungary 11 8 5 5 5 5 5

Ireland 30 45 90 123 114 136 171

Italy (**) 12 10 8 8 7 7 8

Netherlands 27 21 17 18 17 13 14

Norway 70 35 24 25 22 23 22

Poland 30 23 16 15 16 15 14

Romania 26 54 58 11 11 11 10

Serbia and Montenegro 34 84 60 44 41 40 40

Turkey 6 9 9 8 11 12 14

Ukraine 58 50 53 52 52 50 53

United Kingdom (***) 6 5 4 5 6 6 6

2000 2005 2010 2011 2012 2013 2014


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 2005 2010 2011 2012 2013 2014

Middle East 300 240 168 159 153 143 142

Bahrain 13 9 7 7 7 7 6

Iran 447 277 228 222 214 214 200

Kuwait 166 131 156 135 118 112 122

Oman 78 29 32 31 30 28 42

Qatar 556 539 197 177 164 142 144

Saudi Arabia 172 126 112 112 104 104 104

Syria 44 48 33 37 46 52 57

United Arab Emirates 152 130 123 121 116 115 113

49



Countries (*)

(years)

(*) 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

2000 2005 2010 2011 2012 2013 2014

Africa 100 77 72 75 71 74 76

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

Morocco 66 74 56 33 25 10 10

Mozambique 27 23 22 20 20 20

Nigeria 338 218 161 138 128 141 130

South Africa 10 14 8 11 13 7 9

Tanzania 70 48 44 38 38 38

Tunisia 35 16 18 19 19 19 19

2000 2005 2010 2011 2012 2013 2014

Asia - Pacific 43 38 34 35 36 34 33

Australia 65 65 73 67 70 61 59

Bangladesh 35 32 18 24 22 19 18

Brunei 32 28 25 23 22 22 22

China 56 45 30 30 30 27 26

India 28 36 22 27 33 39 42

Indonesia 36 34 33 34 37 38 38

Japan 15 11 10 9 9 10 10

Malaysia 43 36 38 38 42 38 38

Myanmar 46 39 43 42 41 39 32

New Zealand 9 16 11 12 11 11 12

Pakistan 34 28 25 24 24 24 24

Taiwan 107 136 247 219 8 9 9

Thailand 19 14 10 11 8 7 7

Vietnam 127 31 24 26 23 21 20

2000 2005 2010 2011 2012 2013 2014

Americas 17 17 19 19 18 19 18

Argentina 19 9 9 8 8 8 8

Bolivia 141 58 19 18 17 14 14

Brazil 31 28 28 27 24 21 20

Canada 10 9 11 11 11 13 13

Chile 49 22 23 28 33 41 44

Colombia 20 15 14 14 15 13 13

Mexico 26 11 7 7 7 7 7

Trinidad and Tobago 38 17 9 9 9 8 8

United States (**) 9 12 15 15 13 14 14

Venezuela 159 187 242 240 230 239 239

50

Natural Gas Consumption


Areas and Aggregates(*) (billion cubic metres)

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

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%


Middle East 176.49 255.22 372.98 392.79 407.07 424.29 445.90 5.1% 6.8%

Africa 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 741.83 701.17 757.03 778.04 809.12 831.25 850.70 2.3% 1.0%

- Latin America 133.20 169.76 210.16 216.94 228.16 236.62 243.12 2.7% 4.4%

World 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%

OPEC 214.48 290.81 393.74 419.78 443.64 451.41 473.29 4.8% 5.8%

NON OPEC 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%

51



The World Top 10 Consumers (*)


The World top 10 (2014)


2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

United States 653.26 604.94 663.21 678.34 709.52 727.44 746.67 2.6% 1.0%Russia 380.47 417.04 457.44 472.28 461.70 471.29 450.03 -4.5% 1.2%China 24.75 46.26 105.66 128.54 143.80 167.22 181.60 8.6% 15.3%Iran 62.77 99.99 145.68 154.10 153.04 155.31 173.64 11.8% 7.5%Japan 78.32 84.18 102.62 119.37 125.63 126.77 128.63 1.5% 3.6%Canada 88.56 96.24 93.82 99.70 99.60 103.81 104.03 0.2% 1.2%Saudi Arabia 36.71 54.82 71.44 72.76 79.00 79.84 81.04 1.5% 5.8%Germany 85.70 92.77 90.53 83.00 83.27 87.19 76.47 -12.3% -0.8%Mexico 34.50 45.41 63.54 67.07 69.75 73.37 73.71 0.5% 5.6%United Kingdom 104.24 101.94 101.44 84.10 79.34 78.34 71.25 -9.1% -2.7%

The World Top 10 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%

Rest of the World 916.19 1,160.45 1,366.02 1,364.24 1,378.32 1,388.49 1,356.80 -2.3% 2.8%

World 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%

52



Countries (*)



(**) The original data are from Italian Ministry for Economic Development

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%Albania 0.01 0.01 0.01 0.01 0.02 0.02 0.03 68.4% 7.4%Austria 7.77 9.73 9.80 9.29 8.84 8.36 7.61 -9.0% -0.2%Belarus 17.01 20.21 21.65 20.50 20.20 20.38 20.07 -1.5% 1.2%Belgium 15.94 17.57 20.27 18.04 17.13 17.17 15.08 -12.2% -0.4%Bosnia Herzegovina 0.24 0.36 0.24 0.27 0.25 0.19 0.16 -15.5% -2.6%Bulgaria 3.50 3.34 2.74 3.14 2.92 2.85 2.85 0.1% -1.4%Croatia 2.64 2.83 3.14 3.07 2.88 2.72 2.28 -16.2% -1.0%Czech Republic 8.95 9.19 9.62 8.12 8.18 8.28 7.36 -11.1% -1.4%Denmark 5.31 5.25 5.27 4.43 4.16 3.95 3.37 -14.9% -3.2%Estonia 0.79 0.95 0.67 0.60 0.65 0.66 0.52 -21.5% -2.9%Finland 4.08 4.29 4.58 4.01 3.58 3.41 3.00 -12.0% -2.2%France 42.66 48.93 50.74 44.18 45.58 46.52 38.50 -17.2% -0.7%Germany 85.70 92.77 90.53 83.00 83.27 87.19 76.47 -12.3% -0.8%Greece 2.03 2.81 3.86 4.74 4.37 3.86 2.96 -23.2% 2.7%Hungary 11.52 14.42 11.71 11.16 9.99 9.06 8.32 -8.2% -2.3%Ireland 4.10 4.14 5.58 4.91 4.79 4.61 4.45 -3.5% 0.6%Italia 69.11 84.27 81.18 76.12 73.19 68.45 60.48 -11.6% -0.9%Latvia 1.30 1.62 1.74 1.54 1.44 1.44 1.29 -10.1% -0.1%Lithuania 2.46 2.95 2.97 3.24 3.17 2.58 2.51 -3.0% 0.1%Luxembourg 0.80 1.40 1.43 1.23 1.25 1.06 1.01 -5.3% 1.6%Macedonia 0.06 0.07 0.11 0.13 0.14 0.15 0.15 0.0% 6.4%Moldova 2.54 2.85 2.76 2.69 2.67 2.07 2.45 18.2% -0.2%Netherlands 41.74 42.13 46.76 40.79 39.11 39.42 33.91 -14.0% -1.5%Norway 4.94 4.86 9.25 5.77 5.48 6.84 6.02 -12.0% 1.4%Poland 11.88 14.59 15.27 15.31 16.32 16.37 15.98 -2.4% 2.1%Portugal 2.43 4.47 5.35 5.32 4.69 4.48 4.14 -7.7% 3.9%Romania 16.32 16.61 12.87 13.24 12.85 11.68 11.00 -5.8% -2.8%Serbia and Montenegro 1.83 2.32 2.21 2.27 2.00 2.23 2.30 3.2% 1.6%Slovakia 6.89 7.02 5.97 5.53 5.21 5.74 3.98 -30.6% -3.8%Slovenia 0.98 1.11 1.03 0.88 0.85 0.83 0.75 -9.4% -1.9%Spain 18.15 35.59 37.13 34.51 34.08 31.20 28.23 -9.5% 3.2%Sweden 0.93 1.00 1.75 1.38 1.20 1.14 0.95 -16.9% 0.2%Switzerland 2.90 3.32 3.59 3.18 3.49 3.68 3.18 -13.4% 0.7%Turkey 15.07 27.18 37.44 43.88 44.44 44.79 47.58 6.2% 8.6%Ukraine 74.27 80.46 65.89 55.88 51.32 47.06 33.88 -28.0% -5.5%United Kingdom 104.24 101.94 101.44 84.10 79.34 78.34 71.25 -9.1% -2.7%

2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2013-2000)


Russia 380.47 417.04 457.44 472.28 461.70 471.29 450.03 -4.5% 1.2%

Armenia 1.34 1.60 1.54 1.89 2.30 2.22 2.34 5.4% 4.1%

Azerbaijan 5.76 9.66 9.36 9.91 10.79 10.79 11.73 8.7% 5.2%

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%

53



Countries (*)



2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

Middle East 176.49 255.22 372.98 392.79 407.07 424.29 445.90 5.1% 6.8%Bahrain 8.17 10.04 12.61 12.64 12.72 13.88 14.64 5.5% 4.3%Iran 62.77 99.99 145.68 154.10 153.04 155.31 173.64 11.8% 7.5%Iraq 3.07 1.77 5.00 5.97 5.88 7.11 6.98 -2.0% 6.0%Israel 0.01 1.57 5.25 4.87 2.51 6.85 7.45 8.8% 61.1%Jordan 0.25 1.65 2.73 1.04 0.79 1.08 1.09 0.9% 11.0%Kuwait 9.35 11.98 14.14 16.56 17.70 18.01 19.49 8.2% 5.4%Lebanon 0.00 0.00 0.25 0.00 0.00 0.00 0.00

Oman 6.59 10.30 19.32 21.52 21.70 23.68 22.85 -3.5% 9.3%Qatar 11.30 16.43 27.35 33.91 42.75 46.80 45.45 -2.9% 10.5%Saudi Arabia 36.71 54.82 71.44 72.76 79.00 79.84 81.04 1.5% 5.8%Syria 5.51 5.90 9.31 7.85 6.23 5.46 5.03 -7.9% -0.6%United Arab Emirates 32.77 40.77 58.89 60.89 63.96 65.20 67.79 4.0% 5.3%Yemen 0.00 0.00 1.01 0.68 0.79 1.07 0.46 -56.6%

2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

Africa 56.28 86.90 103.57 112.14 117.94 117.73 116.69 -0.9% 5.3%Algeria 20.08 24.48 27.81 29.56 33.41 34.11 35.41 3.8% 4.1%Angola 0.56 0.63 0.71 0.73 0.74 0.40 0.40 0.0% -2.4%Cameroon 0.00 0.00 0.31 0.22 0.27 0.46 0.46 0.0%Congo 0.00 0.02 0.10 0.15 0.21 0.22 0.22 0.0%Côte d'Ivoire 1.51 1.49 1.58 1.56 1.70 1.91 1.91 0.0% 1.7%Dem. Rep. Congo 0.00 0.00 0.01 0.01 0.01 0.01 0.01 3.3%Egypt 17.22 35.76 42.71 46.55 46.67 47.65 44.49 -6.6% 7.0%Gabon 0.12 0.15 0.32 0.36 0.37 0.41 0.41 0.0% 9.0%Ghana 0.00 0.00 0.42 0.83 0.42 0.31 0.31 -0.1%Libya 4.95 5.75 6.83 5.30 5.58 4.58 3.89 -15.1% -1.7%Morocco 0.05 0.45 0.68 0.86 1.27 1.23 1.28 3.7% 26.9%Mozambique 0.00 0.02 0.08 0.09 0.09 0.17 0.02 -87.9% 23.9%Nigeria 6.87 10.75 10.53 14.59 15.05 14.07 14.21 1.0% 5.3%Senegal 0.00 0.02 0.02 0.02 0.03 0.04 0.04 14.7% 35.0%South Africa 1.67 3.29 4.62 4.59 4.81 4.88 5.22 6.9% 8.5%Tanzania 0.00 0.40 0.77 0.85 0.97 0.97 0.97 0.0%Tunisia 3.26 3.69 6.06 5.87 6.34 6.32 7.45 17.8% 6.1%

2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

Asia - Pacific 305.95 408.02 579.37 619.24 643.00 674.52 690.78 2.4% 6.0%Australia 22.99 22.63 33.92 35.68 33.53 35.45 37.88 6.8% 3.6%Bangladesh 8.41 12.51 20.53 20.65 21.74 22.61 23.53 4.1% 7.6%Brunei 2.21 2.19 3.19 3.80 3.71 2.93 3.57 21.8% 3.5%China 24.75 46.26 105.66 128.54 143.80 167.22 181.60 8.6% 15.3%Hong Kong 2.92 2.61 3.74 2.97 2.74 2.58 2.50 -3.3% -1.1%India 27.51 37.94 64.88 65.61 58.37 53.06 51.84 -2.3% 4.6%Indonesia 31.68 34.91 46.30 42.53 41.75 39.03 39.50 1.2% 1.6%Japan 78.32 84.18 102.62 119.37 125.63 126.77 128.63 1.5% 3.6%Malaysia 29.49 38.01 37.21 37.76 38.66 45.49 45.99 1.1% 3.2%Myanmar 1.43 2.73 1.53 1.69 1.86 2.19 0.20 -90.7% -13.0%New Zealand 6.03 3.85 4.45 4.07 4.58 4.75 5.22 10.1% -1.0%Pakistan 19.88 30.59 32.17 32.14 32.37 30.73 30.27 -1.5% 3.0%Philippines 0.01 3.22 3.64 3.93 3.77 3.47 3.65 5.3% 52.0%Singapore 1.33 6.64 8.60 8.69 9.42 10.60 10.89 2.8% 16.2%South Korea 20.29 32.65 46.08 49.60 53.64 56.79 51.52 -9.3% 6.9%Taiwan 6.63 10.57 15.85 16.73 15.80 15.66 17.08 9.1% 7.0%Thailand 20.71 30.93 39.32 36.74 41.98 45.14 46.36 2.7% 5.9%Vietnam 1.34 5.60 9.69 8.74 9.64 10.05 10.53 4.8% 15.9%

54



Countries (*)



2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

Americas 875.03 870.94 967.19 994.99 1,037.28 1,067.87 1,093.83 2.4% 1.6%Argentina 36.30 42.72 45.30 48.25 49.71 50.01 49.81 -0.4% 2.3%Bolivia 2.79 2.35 3.05 3.22 3.66 3.69 4.34 17.4% 3.2%Brazil 9.44 19.95 27.46 27.30 32.48 38.26 42.32 10.6% 11.3%Canada 88.56 96.24 93.82 99.70 99.60 103.81 104.03 0.2% 1.2%Chile 6.21 8.11 5.33 5.45 5.11 4.84 4.65 -3.8% -2.0%Colombia 6.51 7.30 9.82 9.03 9.44 10.03 10.96 9.3% 3.8%Cuba 0.54 0.72 1.02 0.97 0.98 1.01 0.99 -1.9% 4.4%Dominican Republic 0.00 0.20 0.77 0.87 1.13 1.02 0.98 -3.3%Ecuador 0.00 0.33 0.51 0.45 0.61 0.69 0.73 5.4%Mexico 34.50 45.41 63.54 67.07 69.75 73.37 73.71 0.5% 5.6%Peru 0.59 1.94 6.56 7.70 8.14 6.96 8.59 23.4% 21.1%Trinidad and Tobago 10.22 17.53 21.89 21.60 21.15 21.40 21.72 1.5% 5.5%United States 653.26 604.94 663.21 678.34 709.52 727.44 746.67 2.6% 1.0%Uruguay 0.04 0.11 0.08 0.09 0.06 0.06 0.06 0.6% 3.5%Venezuela 26.06 23.10 24.85 24.95 25.92 25.28 24.27 -4.0% -0.5%

55

Natural Gas Per Capita Consumption


Areas and Aggregates (*) (cubic metres)

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

2000 2005 2010 2011 2012 2013 2014

Europe 922 1,030 1,015 922 894 876 777Russia and Central Asia 2,116 2,344 2,532 2,640 2,590 2,614 2,548Middle East 1,062 1,365 1,756 1,809 1,836 1,877 1,936Africa 77 105 111 119 122 119 115Asia - Pacific 90 113 153 162 166 173 175Americas 1,051 985 1,036 1,056 1,090 1,111 1,127- North America 2,367 2,133 2,200 2,245 2,317 2,363 2,399- Latin America 256 306 357 364 379 388 395

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 1,196 1,203 1,274 1,263 1,278 1,297 1,265NON OECD 219 257 297 305 307 310 309

OPEC 658 795 955 995 1,028 1,022 1,048NON OPEC 389 409 441 443 443 449 439

56



The World Top 10 Consumers Ranked by Per Capita Consumption (*)

(cubic metres)


(*) Data source: Eni’s calculations. The original data are from IEA Extended Balances© OECD/International Energy Agency, 2015 and IHS Global Insight

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

Iran 952 1,425 1,956 2,043 2,003 2,005 2,213

United Kingdom 1,770 1,687 1,616 1,329 1,245 1,222 1,104

Japan 623 663 806 938 987 997 1,013

Germany 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

57



Countries (*)

(cubic metres)

(*) 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

2000 2005 2010 2011 2012 2013 2014

Europe 922 1,030 1,015 922 894 876 777Albania 4 4 5 5 6 6 10Austria 970 1,183 1,171 1,107 1,049 986 890 Belarus 1,704 2,091 2,281 2,169 2,148 2,179 2,157 Belgium 1,553 1,672 1,853 1,639 1,549 1,546 1,353 Bosnia Herzegovina 63 94 62 71 65 51 43Bulgaria 437 435 371 428 402 394 398Croatia 589 644 724 709 668 634 534Czech Republic 871 898 915 774 778 788 700Denmark 994 968 950 795 742 704 597Estonia 578 720 517 464 504 514 405Finland 788 818 853 744 663 628 551France 723 800 807 699 717 729 600Germany 1,043 1,125 1,107 1,015 1,017 1,062 928 Greece 185 254 347 426 393 347 266Hungary 1,127 1,428 1,169 1,117 1,006 915 843 Ireland 1,077 995 1,250 1,085 1,046 997 952 Italy(**) 1,219 1,444 1,348 1,260 1,208 1,128 995 Latvia 549 727 834 741 701 701 633Lithuania 704 899 969 1,065 1,045 856 833Luxembourg 1,832 3,012 2,812 2,370 2,359 1,946 1,801 Macedonia 32 37 54 63 65 73 73Moldova 696 792 774 756 751 583 689Netherlands 2,631 2,584 2,815 2,448 2,340 2,353 2,020 Norway 1,101 1,050 1,891 1,167 1,098 1,357 1,183 Poland 310 382 400 401 427 428 418Portugal 235 426 506 502 442 422 390Romania 729 751 589 607 591 538 508Serbia and Montenegro 221 288 279 288 256 286 296Slovakia 1,275 1,302 1,099 1,023 962 1,060 735 Slovenia 495 554 501 427 410 398 360Spain 448 807 790 731 721 663 598Sweden 104 111 186 146 126 119 98Switzerland 404 446 459 402 436 454 389Turkey 239 401 519 601 601 598 627Ukraine 1,514 1,707 1,431 1,220 1,127 1,040 754 United Kingdom 1,770 1,687 1,616 1,329 1,245 1,222 1,104

2000 2005 2010 2011 2012 2013 2014

Russia and Central Asia 2,116 2,344 2,532 2,640 2,590 2,614 2,548 Russia 2,592 2,897 3,185 3,293 3,225 3,300 3,159 Armenia 434 521 498 610 740 713 750 Azerbaijan 709 1,128 1,030 1,077 1,159 1,147 1,233 Georgia 240 283 276 411 451 381 383 Kazakhstan 538 987 1,672 1,809 1,637 1,844 1,825 Kyrgyzstan 138 146 55 61 78 59 58 Tajikistan 121 94 25 25 18 37 36 Turkmenistan 2,889 3,580 4,102 4,459 4,540 4,605 5,507 Uzbekistan 2,002 1,828 1,599 1,761 1,794 1,549 1,591

58



Countries (*)

(cubic metres)


2000 2005 2010 2011 2012 2013 2014

Middle East 1,062 1,365 1,756 1,809 1,836 1,877 1,936 Bahrain 12,219 11,414 10,072 9,779 9,656 10,418 10,894 Iran 952 1,425 1,956 2,043 2,003 2,005 2,213 Iraq 129 65 161 188 179 211 201 Israel 2 237 708 646 328 885 952 Jordan 53 315 423 155 112 149 145 Kuwait 4,906 5,218 4,726 5,298 5,444 5,348 5,603 Lebanon 0 0 58 0 0 0Oman 3,007 4,086 6,892 7,115 6,548 6,518 5,819 Qatar 19,025 20,003 15,633 17,748 20,847 21,582 20,039 Saudi Arabia 1,822 2,220 2,621 2,621 2,793 2,770 2,759 Syria 337 325 432 360 285 249 229 United Arab Emirates 10,827 9,826 6,976 6,822 6,948 6,976 7,177 Yemen 0 0 45 29 33 44 19

2000 2005 2010 2011 2012 2013 2014

Africa 77 105 111 119 122 119 115 Algeria 633 721 750 783 868 870 887 Angola 40 38 37 36 36 19 18 Cameroon 0 0 15 10 12 21 20 Côte d'Ivoire 94 86 83 80 86 94 92 Egypt 260 498 547 586 578 581 534 Gabon 99 106 206 226 227 243 237 Libya 956 1,028 1,131 868 907 738 622 Morocco 2 15 21 27 39 37 38 Mozambique 0 1 3 4 4 6 1 Nigeria 56 77 66 89 89 81 80 Senegal 0 2 2 1 2 3 3 South Africa 37 68 90 88 92 92 98 Tanzania 0 10 17 18 20 19 19 Tunisia 341 367 570 546 583 575 670

59



Countries (*)

(cubic metres)


2000 2005 2010 2011 2012 2013 2014

Asia - Pacific 90 113 153 162 166 173 175

Australia 1,194 1,103 1,514 1,569 1,455 1,519 1,603

Bangladesh 64 87 136 135 141 144 148

Brunei 6,652 5,961 7,971 9,345 8,993 7,016 8,439

China 20 35 79 95 106 123 133

Hong Kong 428 378 530 419 383 358 344

India 26 34 54 54 47 42 41

Indonesia 152 156 192 174 169 156 156

Japan 623 663 806 938 987 997 1,013

Malaysia 1,259 1,471 1,316 1,313 1,322 1,531 1,524

Myanmar 28 49 26 28 30 35 3 New Zealand 1,564 931 1,018 922 1,027 1,053 1,148 Pakistan 138 194 186 182 181 169 164

Philippines 0 38 39 41 39 35 37

Singapore 341 1,478 1,694 1,674 1,777 1,958 1,974

South Korea 441 694 951 1,018 1,095 1,153 1,041

Taiwan 300 467 688 725 682 674 734

Thailand 332 472 592 552 629 674 690

Vietnam 17 66 109 97 106 110 114

2000 2005 2010 2011 2012 2013 2014

Americas 1,051 985 1,036 1,056 1,090 1,111 1,127

Argentina 984 1,105 1,122 1,185 1,210 1,207 1,192

Bolivia 329 251 300 312 349 346 400

Brazil 54 107 141 139 164 191 209

Canada 2,890 2,988 2,763 2,907 2,870 2,958 2,931

Chile 402 496 311 315 293 274 262

Colombia 164 170 212 192 199 208 225

Cuba 49 64 90 86 87 90 88

Dominican Republic 0 21 77 86 110 98 93

Ecuador 0 24 34 29 39 44 45

Mexico 332 410 539 562 577 600 595

Peru 23 70 224 260 271 229 279

Trinidad and Tobago 8,056 13,520 16,484 16,205 15,812 15,959 16,162

United States 2,310 2,041 2,139 2,172 2,256 2,297 2,340

Uruguay 11 32 23 25 18 17 17

Venezuela 1,068 864 856 846 865 831 787

60

Natural Gas Production/Consumption Ratio



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

2000 2005 2010 2011 2012 2013 2014

Europe 0.55 0.50 0.48 0.48 0.50 0.50 0.52


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 0.96 0.98 0.99 1.02 1.01 1.00 1.03

- Latin America 1.01 1.03 1.00 1.00 0.96 0.94 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 0.78 0.75 0.73 0.75 0.75 0.74 0.78

NON OECD 1.27 1.28 1.23 1.22 1.22 1.23 1.21

OPEC 1.41 1.41 1.44 1.40 1.41 1.42 1.38

NON OPEC 0.96 0.96 0.93 0.94 0.93 0.94 0.95

61



The World Top 10 Producers Ranked by Production/Consumption Ratio (*)


(*) Data source: Eni's calculations. The original data are from IEA Extended Balances © OECD/International Energy Agency, 2015

2000 2005 2010 2011 2012 2013 2014

Norway 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

62



Countries (*)

(*) 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

2000 2005 2010 2011 2012 2013 2014

Europe 0.55 0.50 0.48 0.48 0.50 0.50 0.52

Albania 1.00 1.00 1.00 1.00 1.00 1.00 1.03

Austria 0.24 0.17 0.18 0.19 0.21 0.16 0.16

Belarus 0.01 0.01 0.01 0.01 0.01 0.01 0.01

Bulgaria 0.00 0.14 0.03 0.13 0.13 0.09 0.06

Croatia 0.61 0.79 0.84 0.78 0.68 0.66 0.73

Czech Republic 0.02 0.02 0.02 0.03 0.03 0.03 0.03

Denmark 1.67 2.13 1.66 1.59 1.48 1.29 1.46

France 0.04 0.02 0.02 0.01 0.01 0.01 0.00

Germany 0.22 0.18 0.15 0.16 0.14 0.12 0.12

Greece 0.02 0.01 0.00 0.00 0.00 0.00 0.00

Hungary 0.26 0.19 0.23 0.23 0.21 0.20 0.21

Ireland 0.28 0.13 0.05 0.04 0.05 0.04 0.03

Italy (**) 0.24 0.14 0.10 0.11 0.11 0.11 0.12

Netherlands 1.49 1.59 1.62 1.69 1.75 1.87 1.76

Norway 11.17 18.43 12.28 18.55 21.92 16.67 18.82

Poland 0.33 0.32 0.29 0.30 0.29 0.28 0.28

Romania 0.80 0.70 0.80 0.78 0.81 0.88 0.95

Serbia and Montenegro 0.41 0.12 0.17 0.21 0.25 0.23 0.22

Slovakia 0.02 0.02 0.02 0.02 0.03 0.02 0.03

Slovenia 0.01 0.00 0.01 0.00 0.00 0.00 0.00

Spain 0.01 0.00 0.00 0.00 0.00 0.00 0.00

Turkey 0.04 0.03 0.02 0.02 0.01 0.01 0.01

Ukraine 0.24 0.26 0.28 0.33 0.36 0.41 0.52

United Kingdom 1.12 0.93 0.61 0.58 0.53 0.50 0.55

2000 2005 2010 2011 2012 2013 2014


Russia 1.48 1.48 1.41 1.40 1.40 1.43 1.40

Azerbaijan 0.95 0.57 1.78 1.65 1.64 1.70 1.75

Georgia 0.06 0.01 0.01 0.00 0.00 0.00 0.00

Kazakhstan 1.16 1.27 1.10 1.04 1.28 1.21 1.25

Kyrgyzstan 0.05 0.03 0.08 0.08 0.07 0.10 0.10

Tajikistan 0.05 0.04 0.12 0.09 0.08 0.01 0.01

Turkmenistan 3.51 3.60 2.13 2.82 2.86 3.16 2.89

Uzbekistan 1.10 1.23 1.32 1.24 1.19 1.29 1.25

63



Countries (*)


2000 2005 2010 2011 2012 2013 2014

Middle East 1.13 1.19 1.26 1.28 1.29 1.32 1.27

Bahrain 1.00 0.99 1.00 1.00 1.00 1.00 1.00

Iran 0.95 1.00 1.00 0.98 1.03 1.03 0.98

Iraq 1.00 1.00 1.00 1.00 1.00 1.00 1.00

Israel 1.00 1.00 0.61 0.86 0.98 0.92 0.99

Jordan 1.00 0.13 0.06 0.15 0.18 0.12 0.12

Kuwait 1.00 1.00 0.81 0.80 0.85 0.88 0.75

Oman 1.66 2.21 1.55 1.45 1.44 1.43 1.39

Qatar 2.30 2.89 4.68 4.18 3.58 3.70 3.74

Saudi Arabia 1.00 1.00 1.00 1.00 1.00 1.00 1.01

Syria 1.00 1.00 0.93 0.97 1.00 1.00 1.00


Yemen 6.57 14.24 9.87 9.93 21.60

2000 2005 2010 2011 2012 2013 2014

Africa 2.21 2.13 1.95 1.74 1.73 1.66 1.62

Algeria 4.15 3.68 3.09 2.81 2.59 2.41 2.28

Angola 1.00 1.00 1.00 1.00 1.00 2.27 2.06

Côte d'Ivoire 1.00 1.00 1.00 1.00 1.00 1.00 1.00

Egypt 1.00 1.42 1.30 1.18 1.13 1.13 1.05

Gabon 1.00 1.00 1.00 1.00 1.00 1.00 1.00

Libya 1.16 1.91 2.40 1.44 2.13 2.21 2.40

Morocco 1.00 0.09 0.08 0.07 0.06 0.08 0.08

Nigeria 1.77 2.19 3.01 2.56 2.67 2.57 2.76

Senegal 1.00 1.00 1.02 2.11 1.50 1.14 1.00

South Africa 1.00 0.65 0.33 0.29 0.24 0.25 0.23

Tanzania 1.00 1.00 1.00 1.00 1.00 1.00

Tunisia 0.69 0.64 0.61 0.59 0.53 0.53 0.45

2000 2005 2010 2011 2012 2013 2014

Asia - Pacific 0.94 0.91 0.82 0.77 0.74 0.74 0.74

Australia 1.48 1.65 1.56 1.59 1.62 1.75 1.67

Bangladesh 1.05 1.03 0.97 0.97 0.96 1.00 1.00

Brunei 5.12 5.44 3.84 3.36 3.38 4.15 3.31

China 1.10 1.06 0.90 0.80 0.74 0.72 0.72

India 1.00 0.82 0.79 0.71 0.68 0.65 0.65

Indonesia 2.30 2.24 1.93 1.99 1.92 1.92 1.89

Japan 0.03 0.04 0.04 0.03 0.03 0.03 0.02

Malaysia 1.72 1.74 1.64 1.66 1.59 1.53 1.52

Myanmar 4.32 4.50 7.92 7.11 6.48 5.66 72.42

New Zealand 1.00 1.00 1.03 1.02 0.99 1.01 1.00

Pakistan 1.00 1.00 1.00 1.00 1.00 1.00 1.00

Philippines 1.00 1.00 1.00 1.00 1.00 1.00 1.00

South Korea 0.00 0.02 0.01 0.01 0.01 0.01 0.01

Taiwan 0.11 0.05 0.02 0.02 0.02 0.02 0.02

Thailand 0.90 0.71 0.75 0.71 0.74 0.75 0.74

Vietnam 1.00 1.28 1.00 1.00 1.00 1.00 1.00

64



Countries (*)


2000 2005 2010 2011 2012 2013 2014

Americas 0.97 0.99 0.99 1.01 1.00 0.99 1.01

Argentina 1.13 1.11 0.93 0.86 0.82 0.77 0.77

Bolivia 1.72 5.21 4.83 4.97 4.98 5.63 5.07

Brazil 0.77 0.55 0.54 0.62 0.60 0.56 0.54

Canada 2.00 1.91 1.68 1.58 1.56 1.50 1.55

Chile 0.31 0.24 0.35 0.27 0.24 0.20 0.20

Colombia 1.00 1.00 1.15 1.21 1.18 1.17 1.06

Cuba 1.00 1.00 1.00 1.00 1.00 1.00 1.02

Ecuador 1.00 1.00 1.00 1.00 1.00 1.02

Mexico 0.92 0.80 0.79 0.74 0.69 0.66 0.64

Peru 1.00 1.00 1.39 1.82 1.76 2.05 1.76

Trinidad and Tobago 1.42 1.80 1.95 1.89 1.94 1.92 1.93

United States 0.82 0.83 0.89 0.93 0.94 0.93 0.96

Venezuela 1.00 1.00 0.92 0.92 0.93 0.92 0.97

65

Natural Gas Exports


The World Top 10 Exporters(*)




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%

United States 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%

The World Top 10 550.67 667.00 721.57 757.54 765.50 794.13 756.77 -4.7% 2.3%

Rest of the world 93.70 197.86 259.26 254.80 257.70 273.95 270.38 -1.3% 7.9%

World 644.38 864.86 980.83 1,012.34 1,023.20 1,068.08 1,027.15 -3.8% 3.4%

66

Natural Gas Exports


Countries (*)


(*) 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

2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

Europe

Austria 0.02 1.05 4.99 3.65 6.24 3.86 2.33 -39.7% 41.6%

Belgium 0.00 0.00 3.28 4.32 1.29 0.94 0.84 -11.1%

Croatia 0.00 0.44 0.47 0.25 0.25 0.36 0.41 12.2%

Czech Republic 0.00 0.08 0.16 0.16 0.01 0.01 0.00 -83.9% 2.0%

Denmark 3.44 5.98 3.77 3.33 3.19 2.35 2.23 -5.1% -3.0%

France 0.81 1.08 3.05 4.02 6.49 5.38 3.79 -29.5% 11.6%

Germany 5.03 20.23 20.46 17.60 17.01 21.95 19.22 -12.5% 10.0%

Hungary 0.08 0.00 0.22 0.56 0.82 1.44 0.74 -49.0% 17.5%

Italy 0.05 0.39 0.14 0.12 0.14 0.22 0.23 3.9% 11.8%

Netherlands 35.38 44.58 50.88 47.74 51.63 57.50 50.62 -12.0% 2.6%

Norway 50.26 84.64 104.35 101.22 114.72 107.17 107.28 0.1% 5.6%

Poland 0.04 0.04 0.04 0.03 0.00 0.09 0.07 -19.6% 4.5%

Slovakia 0.00 0.37 0.00 0.00 0.05 0.01 0.00 -79.9%

Spain 0.00 0.00 1.20 1.76 2.90 6.05 8.53 40.9%

Turkey 0.00 0.00 0.64 0.70 0.60 0.67 0.62 -7.2%

Ukraine 2.87 2.66 0.01 0.00 0.00 0.00 0.00 -100.0%

United Kingdom 13.51 8.88 16.28 16.95 13.29 10.12 10.70 5.7% -1.6%

2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

Russia and Central Asia

Russia 186.76 199.68 183.88 197.17 189.42 207.66 184.15 -11.3% -0.1%

Armenia 0.00 0.00 0.00 0.10 0.07 0.07 0.00 -100.0%

Azerbaijan 0.00 0.00 6.20 6.83 6.63 7.32 8.83 20.7%

Kazakhstan 5.22 15.43 6.23 6.08 10.73 10.21 10.52 3.0% 5.1%

Turkmenistan 32.57 44.20 23.32 41.54 43.59 52.06 55.19 6.0% 3.8%

Uzbekistan 6.66 12.05 13.99 11.66 9.91 13.11 13.11 0.0% 5.0%

2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

Middle East

Iran 0.00 4.78 8.57 9.56 9.39 9.71 9.50 -2.1%

Oman 4.37 12.50 12.58 11.69 11.61 12.17 10.95 -10.0% 6.8%

Qatar 14.69 31.12 100.62 107.82 110.48 126.47 126.22 -0.2% 16.6%

United Arab Emirates 7.07 7.14 7.63 7.31 7.17 6.96 7.79 12.0% 0.7%

Yemen 0.00 0.00 5.64 8.98 7.02 9.55 9.55 0.0%

2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

Africa

Algeria 63.23 65.70 58.02 53.44 53.09 48.07 45.48 -5.4% -2.3%

Angola 0.00 0.00 0.00 0.00 0.00 0.50 0.47 -6.6%

Egypt 0.00 15.08 12.64 8.38 6.04 6.17 0.90 -85.4%

Libya 0.78 5.26 9.55 2.36 6.30 5.55 5.00 -10.0% 14.2%

Mozambique 0.00 2.21 3.12 3.26 3.67 3.66 3.80 4.0%

Nigeria 5.27 12.83 21.18 22.76 25.09 22.13 24.46 10.5% 11.6%

67

Natural Gas Exports


Countries (*)



2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

Asia - Pacific

Australia 11.05 14.77 24.92 27.83 26.85 33.39 32.43 -2.9% 8.0%

Brunei 9.10 9.73 9.05 8.99 8.81 9.21 8.25 -10.4% -0.7%

China 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% -3.4%

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%

68

Natural Gas Imports


The World Top 10 Importers(*)




2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

Japan 75.74 80.86 98.77 116.56 121.74 123.73 125.58 1.5% 3.7%

Germany 72.85 94.10 93.98 89.61 88.36 97.73 86.81 -11.2% 1.3%

United States 104.69 120.31 103.66 96.15 86.72 79.59 74.40 -6.5% -2.4%

Italy 56.12 71.76 73.62 68.75 66.16 60.54 54.47 -10.0% -0.2%

China 0.00 0.00 15.02 29.23 39.74 49.53 53.20 7.4%

South Korea 20.36 31.14 46.86 49.97 51.11 56.85 52.50 -7.7% 7.0%

Turkey 14.37 26.40 37.35 43.09 45.10 44.46 48.01 8.0% 9.0%

France 43.48 49.64 50.22 49.67 50.53 50.71 43.72 -13.8% 0.0%

United Kingdom 2.40 16.00 54.69 54.31 50.72 49.39 42.81 -13.3% 22.8%

Spain 18.45 36.08 38.11 36.83 36.38 36.83 37.76 2.5% 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%

69

Natural Gas Imports


Countries (*)



2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

Europe

Austria 6.28 9.58 12.28 13.23 13.87 10.17 9.97 -2.0% 3.4%

Belarus 16.95 19.92 21.36 19.80 20.05 20.06 19.85 -1.0% 1.1%

Belgium 15.84 17.67 23.31 22.46 18.18 18.20 16.09 -11.6% 0.1%

Bosnia Herzegovina 0.24 0.36 0.24 0.27 0.25 0.19 0.16 -15.5% -2.6%

Bulgaria 3.27 2.93 2.54 2.70 2.44 2.65 2.65 -0.1% -1.5%

Croatia 1.08 1.10 1.04 0.85 1.31 1.23 1.07 -12.9% 0.0%

Czech Republic 8.92 9.07 8.32 9.11 7.28 8.31 7.10 -14.6% -1.6%

Denmark 0.00 0.00 0.16 0.90 0.98 1.44 0.67 -53.5%

Estonia 0.79 0.95 0.67 0.60 0.65 0.66 0.52 -21.5% -2.9%

Finland 4.08 4.29 4.58 4.01 3.58 3.41 3.00 -12.0% -2.2%

France 43.48 49.64 50.22 49.67 50.53 50.71 43.72 -13.8% 0.0%

Germany 72.85 94.10 93.98 89.61 88.36 97.73 86.81 -11.2% 1.3%

Greece 2.01 2.78 3.85 4.74 4.38 3.86 2.94 -23.7% 2.7%

Hungary 8.76 11.70 9.44 7.87 8.04 8.07 8.87 9.9% 0.1%

Ireland 2.95 3.59 5.34 4.72 4.58 4.42 4.28 -3.2% 2.7%

Italy 56.12 71.76 73.62 68.75 66.16 60.54 54.47 -10.0% -0.2%

Latvia 1.33 1.71 1.08 1.68 1.64 1.66 0.93 -44.2% -2.5%

Lithuania 2.46 2.97 2.96 3.25 3.17 2.58 2.60 0.7% 0.4%

Luxembourg 0.80 1.40 1.43 1.23 1.25 1.06 1.01 -5.3% 1.6%

Macedonia 0.06 0.07 0.11 0.13 0.14 0.15 0.15 0.0% 6.5%

Moldova 2.53 2.85 2.76 2.69 2.67 2.07 2.45 18.3% -0.2%

Netherlands 14.88 19.61 22.01 19.67 22.30 23.07 24.86 7.7% 3.7%

Poland 7.92 10.22 10.63 11.53 11.98 12.24 11.58 -5.4% 2.7%

Portugal 2.43 4.64 5.37 5.41 4.68 4.55 4.14 -8.9% 3.9%Romania 3.23 5.00 2.17 2.94 2.74 1.39 0.37 -73.2% -14.3%

Serbia and Montenegro 1.08 2.05 1.87 1.66 1.70 1.79 1.79 0.1% 3.7%

Slovakia 6.81 7.21 5.97 5.80 4.72 5.50 4.20 -23.6% -3.4%

Slovenia 0.98 1.10 1.02 0.88 0.84 0.82 0.74 -9.4% -1.9%

Spain 18.45 36.08 38.11 36.83 36.38 36.83 37.76 2.5% 5.2%

Sweden 0.93 1.00 1.75 1.38 1.20 1.14 0.95 -16.9% 0.2%

Switzerland 2.90 3.32 3.59 3.18 3.49 3.68 3.18 -13.4% 0.7%

Turkey 14.37 26.40 37.35 43.09 45.10 44.46 48.01 8.0% 9.0%

Ukraine 59.24 60.22 35.25 43.16 31.72 26.95 18.86 -30.0% -7.8%

United Kingdom 2.40 16.00 54.69 54.31 50.72 49.39 42.81 -13.3% 22.8%

2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)


Russia 12.55 7.40 4.17 7.82 7.88 8.03 8.42 4.8% -2.8%

Armenia 1.34 1.60 1.63 1.89 2.30 2.22 2.35 5.5% 4.1%

Azerbaijan 0.28 4.53 0.00 0.00 0.00 0.00 0.00 -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 -100.0%

2000 2005 2010 2011 2012 2013 2014∆ 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% 7.7%

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%

70

Natural Gas Imports


Countries (*)



2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

Africa

Ghana 0.00 0.00 0.42 0.83 0.42 0.31 0.31 -0.1%

Morocco 0.00 0.41 0.63 0.80 1.19 1.14 1.14 0.0%South Africa 0.00 1.16 3.12 3.26 3.67 3.66 3.74 2.2%

Tunisia 1.01 1.31 2.39 2.38 2.96 2.95 3.91 32.6% 10.1%

2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

CAGR

(2014-2000)

Asia - Pacific

Australia 0.00 0.00 5.79 6.69 5.96 6.68 7.11 6.5%

China 0.00 0.00 15.02 29.23 39.74 49.53 53.20 7.4%

Hong Kong 2.92 2.61 3.74 2.97 2.74 2.58 2.48 -3.9% -1.2%

India 0.00 7.00 13.64 19.13 18.60 18.42 19.42 5.4%

Japan 75.74 80.86 98.77 116.56 121.74 123.73 125.58 1.5% 3.7%

Malaysia 0.00 1.60 8.36 8.32 9.38 10.20 10.15 -0.4%

Singapore 1.33 6.64 8.60 8.69 9.42 10.60 11.01 3.9% 16.3%

South Korea 20.36 31.14 46.86 49.97 51.11 56.85 52.50 -7.7% 7.0%

Taiwan 6.17 9.96 15.44 16.99 16.13 16.23 17.59 8.4% 7.8%

Thailand 2.06 8.86 9.82 10.49 10.72 11.29 12.45 10.3% 13.7%

2000 2005 2010 2011 2012 2013 2014∆ y/y

(2014-2013)

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%

United States 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%

71

Natural Gas Natural Gas - Imports


Imports by Country of Origin - Pipeline and LNG 2014 (*)


(*) Data source: IEA Natural Gas Information, 2015 and, for Italy, Italian Ministry for Economic Development

Importers -->Exporters

Au

stri

a

Be

laru

s

Be

lgiu

m

Bo

snia

H

erz

eg

ovi

na

Bu

lga

ria

Cro

ati

a

Cz

ec

h

Re

pu

bli

c

De

nm

ark

Est

on

ia

Fin

lan

d

Fra

nc

e

Ge

rma

ny

Gre

ec

e

Hu

ng

ary

Ire

lan

d

Ita

ly

La

tvia

Lit

hu

an

ia

Lu

xe

mb

ou

rg

Ma

ce

do

nia

Mo

ldo

va

Ne

the

rla

nd

s

Po

lan

d

Po

rtu

ga

l

Ro

ma

nia

Se

rbia

Slo

vak

ia

Slo

ven

ia

Sp

ain

Sw

ed

en

Sw

itz

erl

an

d

Tu

rke

y

Uk

rain

e

Un

ite

d

Kin

gd

om

Europe

Austria 0.28

Belgium 2.47 0.01 0.12 0.37

Croatia 0.31

Czech Republic 0.41

Denmark 0.61 0.89

France 1.44 0.45

Germany 0.37 0.16 0.32 1.28 2.36 2.07

Hungary 0.08 0.06 0.02 0.58

Italy 0.24

Netherlands 7.84 4.81 25.16 3.90 0.13 0.64 6.56

Norway 1.42 5.64 0.70 0.47 17.05 10.27 0.08 2.80 0.07 0.63 16.83 0.09 0.06 4.18 0.18 24.51

Poland 0.08

Portugal 0.01

Spain 0.01 0.06 0.25

Turkey 0.63

United Kingdom 1.70 4.25 3.66


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

United Arab Emirates

Yemen

Africa

Algeria 4.23 0.45 6.84 0.07 2.40 21.08 4.18 0.53

Angola

Egypt

Equatorial Guinea

Libya 6.51

Nigeria 0.93 0.11 0.27 2.82 1.41 0.05

Asia-Pacific

Australia

Brunei

China

Indonesia

Malaysia

Myanmar

Papua New Guinea

Americas

Argentina

Bolivia

Canada

Mexico

Peru 1.24

Trinidad and Tobago 0.06 0.14 0.17 2.08 0.36

United States

Others/Non Specified 2.32 0.43 5.16 14.86 0.45 4.74 0.11 0.63 1.16 4.15

TOTAL BY COUNTRY 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

EUROPE

72



Ru

ssia

Arm

en

ia

Ge

org

ia

Ka

za

kh

sta

n

Ky

rgy

zst

an

Ta

jik

ista

n

Ira

n

Isra

el

Jord

an

Ku

wa

it

Om

an

Un

ite

d A

rab

E

mir

ate

s

Gh

an

a

Mo

roc

co

So

uth

Afr

ica

Tu

nis

ia

Au

stra

lia

Ch

ina

Ho

ng

Ko

ng

Ind

ia

Jap

an

Ma

lay

sia

Sin

ga

po

re

Ko

rea

Ta

iwa

n

Th

ail

an

d

Arg

en

tin

a

Bra

zil

Ca

na

da

Ch

ile

Do

min

ica

n

Re

pu

bli

c

Me

xic

o

Un

ite

d S

tate

s

Uru

gu

ay

Ve

ne

zu

ela

Oth

ers

A

me

ric

as

0.08 0.41

0.08

0.16 0.26 0.10 0.20 1.00 0.05 0.08 0.16

0.96 0.88 0.08

2.01 0.19 1.85 0.01 0.19 12.27 2.51 0.09 0.09

1.72

8.59 0.23 0.31

1.25 8.74 28.07

2.21 0.06

0.53

0.42

0.08 0.17 0.01 4.33 4.96 0.16 0.09

1.22 1.97 19.57 8.10 15.27 23.77 0.09 17.12 7.60 1.25 0.92 0.60 0.08 0.07 1.33

0.10 8.21 0.08

0.25 0.09 1.20 0.50 1.38 0.40 4.00 0.22 0.09 0.23

1.12 3.79 0.41 0.16 0.81 0.50 0.49 0.08

0.17 0.09 0.09 0.10

1.20 0.16 0.10 0.08 0.09

0.85 0.08 0.95 1.60 0.09 0.08 0.41 0.08

0.48 0.16 0.32 0.59 1.62 7.36 0.32 4.30 0.12 0.15 0.85 1.81 2.60 0.12

0.09 5.28 26.42 0.08 1.09 0.15

0.08 0.09 6.39 0.32 0.94 0.78

2.55

3.28 7.47 8.22 7.73 6.76 2.70 0.33

0.19 0.09 3.48 22.07 1.46 4.97 3.60 0.08

11.51

0.37 4.90 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 0.56 3.42 1.00 0.41 1.21 0.67

0.37 21.34 0.08 18.32

0.33 0.14 3.84 6.94 0.55 0.40 0.08 0.15 0.07 1.05 1.50 0.08 1.87

8.59 2.43 1.91 5.31 0.29 0.31 9.27 0.06 1.20 3.46 1.97 20.14 0.32 1.12 3.84 3.79 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

AMERICASRUSSIA AND CENTRAL ASIA MIDDLE EAST AFRICA ASIA-PACIFIC

73



Imports by Country of Origin - Pipeline 2014 (*)


(*) Data Source: IEA Natural Gas Information, 2015 and, for Italy, Italian Ministry for Economic Development

74


World Oil and Gas Review 2015 75



Imports by Country of Origin - LNG 2014 (*)


(*) Data source: IEA Natural Gas Information, 2015 and, for Italy, Italian Ministry for Economic Development

Importers -->Exporters

Be

lgiu

m

Fra

nc

e

Gre

ec

e

Ita

ly

Lit

hu

an

ia

Ne

th

erla

nd

s

Po

lan

d

Po

rtu

ga

l

Slo

ve

nia

Sp

ain

Tu

rk

ey

Un

ite

d

Kin

gd

om

Isra

el

Ku

wa

it

Un

ite

d A

ra

b

Em

ira

te

s

Ch

ina

Ind

ia

Jap

an

Ma

lay

sia

Sin

ga

po

re

So

uth

Ko

re

a

Ta

iwa

n

Th

ail

an

d

Arg

en

tin

a

Bra

zil

Ca

na

da

Ch

ile

Do

min

ica

n

Re

pu

bli

c

Me

xic

o

Un

ite

d S

ta

te

s

Oth

ers

Am

eric

as

Europe

Belgium 0.01 0.12 0.08 0.41

France 0.08

Netherlands 0.13

Norway 0.08 0.07 0.94 0.06 1.25 0.18 0.16 0.26 0.10 0.20 1.00 0.05 0.08 0.16

Spain 0.06 0.25 0.96 0.88 0.08


Russia 0.01 0.19 12.27 2.51 0.09 0.09

Middle East

Oman 0.16 0.08 0.17 0.01 4.33 4.96 0.16 0.09

Qatar 1.30 0.82 4.45 0.53 3.12 0.40 10.46 1.22 1.21 8.10 15.27 23.77 0.09 17.12 7.60 1.25 0.92 0.60 0.08 0.07 1.33

United Arab Emirates 0.10 8.21 0.08

Yemen 0.25 0.09 1.20 0.50 1.38 0.40 4.00 0.22 0.09 0.23

Africa

Algeria 0.00 4.23 0.45 0.44 0.07 0.08 5.10 4.18 0.53 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

Equatorial Guinea 0.85 0.08 0.95 1.60 0.09 0.08 0.41 0.08

Nigeria 0.93 0.11 0.27 2.82 1.41 0.05 0.48 0.16 0.59 1.62 7.36 0.32 4.30 0.12 0.15 0.85 1.81 2.60 0.12

Asia-Pacific

Australia 0.09 5.28 26.42 0.08 1.09 0.15

Brunei 0.08 0.09 6.39 0.32 0.94 0.78

Indonesia 3.28 7.47 0.09 6.76 2.70 0.33

Malaysia 0.19 0.09 3.48 22.07 4.97 3.60 0.08

Papua New Guinea 0.37 4.90 1.10

Americas

Canada 0.01

Peru 1.24 4.16

Trinidad and Tobago 0.06 0.14 0.17 2.08 0.36 0.06 0.90 0.20 0.06 0.17 0.37 0.17 0.07 0.08 2.85 1.70 0.56 3.42 1.00 0.41 1.21 0.67

United States 0.37 0.08

Others/Non Specified 0.06 1.16 0.33 0.14 0.55 0.40 0.08 0.15 0.07 1.05 1.50 0.08

TOTAL BY COUNTRY 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 329.08

ASIA-PACIFIC AMERICASEUROPE MIDDLE EAST

76

Natural Gas Traded Gas


Traded Gas on Production

(percentage)

Traded Gas by LNG/ Traded Gas by Pipeline/ Traded Traded Gas Traded GasTotal Traded Gas Total Traded Gas Gas/Production by LNG/Production by Pipeline/Production

(%) (%) (%) (%) (%)

2000 21.73 78.27 26.23 5.70 20.532005 22.67 77.33 30.22 6.85 23.372010 30.37 69.63 30.63 9.30 21.322011 31.94 68.06 31.47 10.05 21.422012 31.05 68.95 30.58 9.49 21.082013 30.74 69.26 30.21 9.29 20.922014 32.56 67.44 29.09 9.47 19.62

77

Natural Gas LNG – Liquefaction and Regasification Capacity


Liquefaction Capacity – Countries (*) (billion cubic metres)

Regasification Capacity – Countries (**) (billion cubic metres)

(*) Nominal Capacity. Data source: Wood Mackenzie LNG Tool (**) Data source: Wood Mackenzie LNG Tool (***) The United States includes Puerto Rico

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Europe 5.6 5.6 5.6 5.6 5.6 5.6 5.6 5.6

Norway 5.6 5.6 5.6 5.6 5.6 5.6 5.6 5.6

Russia and Central Asia 8.7 13.0 14.1 14.1 14.1 14.1

Russia East 8.7 13.0 14.1 14.1 14.1 14.1

Middle East 33.7 36.0 36.0 36.3 42.8 47.5 57.3 63.7 63.7 79.0 113.8 134.9 136.3 136.1 136.3

Oman 7.1 9.0 9.0 9.0 9.0 10.2 14.8 14.8 14.8 14.8 14.8 14.8 14.8 14.6 14.8

Qatar 19.1 19.4 19.4 19.7 26.3 29.8 34.9 41.3 41.3 55.9 83.4 103.4 104.8 104.8 104.8

United Arab Emirates 7.6 7.6 7.6 7.6 7.6 7.6 7.6 7.6 7.6 7.6 7.6 7.6 7.6 7.6 7.6

Yemen 0.7 8.0 9.1 9.1 9.1 9.1

Africa 42.0 42.4 42.8 46.9 43.9 55.0 71.5 76.9 81.2 82.0 81.7 78.6 78.3 76.1 81.5

Algeria 31.8 31.8 31.8 31.8 28.1 28.1 28.1 28.1 28.1 28.1 27.9 26.6 26.6 27.4 29.6

Angola 3.9 7.1

Egypt 11.1 16.6 16.6 16.6 16.6 16.6 16.6 16.6 9.8 9.8

Equatorial Guinea 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0

Libya 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 0.4

Nigeria 8.1 8.4 8.8 13.0 13.6 13.6 24.6 25.0 29.4 30.1 30.1 30.1 30.1 30.1 30.1

Asia - Pacific 83.1 83.1 83.1 86.5 91.4 88.7 93.0 94.7 96.8 105.4 113.3 113.0 117.3 115.7 117.2

Australia 10.4 10.4 10.4 10.4 12.4 16.1 20.5 20.9 23.0 27.3 27.3 28.5 32.9 35.0 35.0

Brunei 9.8 9.8 9.8 9.8 9.8 9.8 9.8 9.8 9.8 9.8 10.1 10.1 10.1 10.1 10.1

Indonesia 41.3 41.3 41.3 41.3 38.5 32.0 32.0 32.0 32.0 35.4 42.3 39.5 39.5 35.8 31.6

Malaysia 21.6 21.6 21.6 25.1 30.8 30.8 30.8 32.0 32.0 32.8 33.7 34.9 34.9 34.9 34.9

Papua New Guinea 5.7

Americas 6.1 6.1 8.1 14.3 15.5 15.6 22.7 22.7 22.7 22.7 26.0 28.7 28.7 28.7 28.7

United States 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0

Peru 3.3 6.0 6.0 6.0 6.0

Trinidad and Tobago 4.1 4.1 6.0 12.3 13.4 13.6 20.6 20.6 20.6 20.6 20.6 20.6 20.7 20.6 20.6

World 164.9 167.6 169.9 184.1 193.7 206.8 244.5 263.5 269.9 303.2 353.4 374.9 380.4 376.3 383.4

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Europe 46.4 46.4 50.5 54.8 70.3 73.2 84.8 106.6 114.9 144.1 168.9 191.0 197.4 199.7 203.5

Belgium 4.5 4.5 4.5 4.5 4.5 4.5 4.5 4.5 7.9 9.0 9.0 9.0 9.0 9.0 9.0

France 15.5 15.5 15.5 15.5 15.5 15.5 15.5 15.5 15.5 15.5 19.1 24.2 24.2 24.2 24.2

Greece 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 3.4 5.4 5.4 5.4 5.4 5.4 5.4

Italy 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 6.3 12.0 12.0 12.0 12.2 15.7

Lithuania 0.3

Netherlands 7.0 12.7 12.7 12.7

Portugal 0.9 5.6 5.6 5.6 5.6 5.6 5.6 5.6 5.6 6.3 8.3 8.3

Spain 15.2 15.2 19.4 22.7 33.6 34.2 43.1 55.6 58.2 61.6 62.4 63.6 63.6 63.6 63.6

Turkey 6.3 6.3 6.3 6.3 6.3 6.3 6.8 12.3 12.3 12.3 12.3 12.3 12.3 12.3 12.3

United Kingdom 2.3 4.5 8.3 8.7 28.5 43.2 52.0 52.0 52.0 52.0

Middle East 1.9 5.5 9.3 9.3 11.8 13.3

Israel 2.5 2.7

Kuwait 1.9 5.2 5.2 5.2 5.2 6.4

United Arab Emirates 0.3 4.1 4.1 4.1 4.1

Asia - Pacific 276.9 279.8 306.7 330.9 338.9 344.3 353.8 356.4 367.8 386.4 400.7 415.4 435.5 466.4 498.3

China 3.0 5.0 8.0 12.5 17.6 23.1 31.5 38.1 50.9

India 6.3 9.4 10.2 10.2 10.9 17.9 18.4 18.4 19.0 29.6 34.1

Indonesia 2.7 4.1 5.4

Japan 225.4 226.3 236.9 239.4 241.2 241.3 245.2 245.7 245.7 245.7 249.4 250.4 256.1 259.3 260.8

Malaysia 3.5 5.2

Singapore 3.6 7.9

South Korea 45.6 45.6 60.1 81.7 81.7 82.8 84.0 84.0 88.8 92.2 96.3 100.4 100.4 100.4 106.3

Taiwan 5.9 7.9 9.8 9.8 9.8 10.7 11.6 11.6 14.5 18.1 19.1 19.1 19.1 21.0 21.0

Thailand 4.0 6.8 6.8 6.8

Americas 11.1 12.7 17.6 25.5 29.3 33.7 47.4 56.7 105.9 150.9 187.9 209.7 229.9 231.5 238.3

Argentina 2.8 4.1 4.1 7.3 10.3 10.3 10.3

Brazil 1.3 5.1 7.7 7.7 7.7 7.7 14.5

Canada 6.1 10.3 10.3 10.3 10.3 10.3

Chile 1.7 5.1 5.4 5.4 5.4 5.4

Dominican Republic 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6

Mexico 1.7 5.2 12.9 15.5 15.5 15.5 19.5 20.7 20.7

United States (***) 11.1 12.7 17.6 22.9 26.8 31.1 43.1 48.9 86.3 115.8 142.6 160.9 174.1 174.5 174.5

World 334.4 338.8 374.8 411.2 438.5 451.1 486.1 519.7 588.6 683.4 763.0 825.3 872.1 909.4 953.4

78



Liquefaction Capacity – Cluster of Companies

2000 2014

World: 164.9 billion cubic metres 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

79



Regasification Capacity – Cluster of Companies

2000 2014

World: 334.4 billion cubic metres 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

80

Natural Gas Natural Gas Balance - Italy


Italy (*) (billion cubic metres)

2014

(*) 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

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 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

Total Primary Energy Supply 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

Algeria 6.4

Russia 26.2

Croatia 0.3

Algeriaand others

0.5

Qatar4.4

Netherlands,Norway

and others 11.4

Libya 6.5

importsby pipeline

importsby lng

81


production quality

World

Europe


Middle East

Africa

Asia - Pacific

Americas

Distillation Yields

European imported crudeswith the most significant quality change

Production Quality World


Crude Production by Quality (Gravity and Sulphur Content) (*) (thousand barrels/day)

Crude Production by Gravity(*) (thousand barrels/day)

Crude Production Sulphur Content(*) (thousand barrels/day)

(*) Data source: Eni’s elaborations on Monthly Oil Data Service © OECD/International Energy Agency, 2015 data

2000 2014

World (A) 68,377 74,442 74,718 75,542 77,355 77,416 78,776

Ultra Light 1,789 2,228 2,694 2,930 3,186 3,326 3,393 2.6% 4.3%Light & Sweet 15,084 14,091 13,901 13,213 14,507 14,205 14,362 22.1% 18.2%Light & Medium Sour 2,718 3,015 3,660 3,527 3,883 3,990 4,044 4.0% 5.1%Light & Sour 2,489 2,455 2,201 2,427 2,548 2,495 2,023 3.6% 2.6%Medium & Sweet 7,318 8,514 8,429 8,495 7,939 8,278 8,559 10.7% 10.9%Medium & Medium Sour 2,373 2,704 2,965 3,016 2,930 3,032 3,303 3.5% 4.2%Medium & Sour 27,711 30,667 29,817 30,949 31,531 31,113 31,927 40.5% 40.5%Heavy & Sweet 1,113 1,407 2,180 1,957 1,813 1,629 1,798 1.6% 2.3%Heavy & Medium Sour 1,385 1,813 2,294 2,324 2,307 2,195 2,069 2.0% 2.6%Heavy & Sour 5,432 6,515 5,709 5,849 5,881 6,340 6,477 7.9% 8.2%

Unassigned production: (B) 965 1,032 868 855 831 814 821 1.4% 1.0%

% Unassigned production (B/A) 1.4 1.4 1.2 1.1 1.1 1.1 1.0

Share of total2013 20142000 2005 2010 2011 2012

2000 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 32.3% 30.2%

Medium 37,402 41,886 41,211 42,460 42,400 42,423 43,789 54.7% 55.6%

Heavy 7,930 9,735 10,182 10,131 10,000 10,164 10,344 11.6% 13.1%

Unassigned production 965 1,032 868 855 831 814 821

2000 2005 2010 2011 2012 2013 2014Share of total

2000 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%

Medium Sour 6,476 7,532 8,919 8,867 9,120 9,217 9,415 9.5% 12.0%

Sour 35,632 39,637 37,726 39,225 39,959 39,947 40,427 52.1% 51.3%

Unassigned production 965 1,032 868 855 831 814 821

2000 2005 2010 2011 2012 2013 2014Share of total

84



Quality and Production Volume of Main Crudes 2014 (*)


(*) Data source: Eni’s elaborations

85



Crude Production by Quality(*) (thousand barrels/day)

Crude Production by Quality(*) (selected years, thousand barrels/day)


0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

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

86

Production Quality Europe



Quality and Production Volume of Main Crudes 2014 (**)



(**) Data source: Eni’s elaborations

2000 2014

Europe (A) 6,753 5,585 4,127 3,790 3,498 3,323 3,349

Ultra Light 124 271 267 281 305 305 327 1.8% 9.8%

Light & Sweet 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%

Medium & Sweet 1,547 943 607 623 506 481 453 22.9% 13.5%

Medium & Medium Sour 14 4 4 2

Medium & Sour 172 1 29 15 10 10 13 2.5% 0.4%

Heavy & Sweet 17 31 75 45 62 19 28 0.3% 0.8%

Heavy & Medium Sour 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%


2013 2014Share of total

2000 2005 2010 2011 2012

87






0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

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 & Sweet Light & Sour

Light & Medium Sour Light & Sweet Ultra Light

88



Crude Production by Quality(*)



2000 2014

Denmark 363 388 255 221 201 175 165

Light & Sweet 131 121 24 13 12 7 8 36.1% 4.8%

Medium & Sweet 232 267 231 208 189 168 157 63.9% 95.2%

Italy 74 114 96 99 101 102 106

Light & Sweet 29 4 6 5 3 2 1 39.7% 0.9%

Light & Sour 20 88 69 75 82 83 83 26.5% 78.3%

Medium & Sour 2 1 0 0 0 0 0 2.1% 0.0%

Heavy & Sour 23 21 21 19 16 17 22 31.7% 20.8%

Norway 3,331 2,961 2,137 2,040 1,917 1,838 1,892

Ultra Light 124 271 267 281 305 305 327 3.7% 17.3%

Light & Sweet 2,074 1,899 1,312 1,199 1,103 1,070 1,132 62.3% 59.8%

Light & Medium Sour 31 31 31 23 19 0.0% 1.0%

Medium & Sweet 1,081 509 328 369 288 275 272 32.5% 14.4%

Medium & Medium Sour 14 4 4 2 0.0% 0.0%

Medium & Sour 29 15 10 10 13 0.0% 0.7%


United Kingdom 2,480 1,650 1,235 1,029 886 811 789

Light & Sweet 1,823 1,201 394 359 318 280 274 73.5% 34.7%


Medium & Sweet 234 167 48 46 29 38 24 9.4% 3.0%

Medium & Sour 170 6.9% 0.0%

Heavy & Sweet 17 31 75 45 62 19 28 0.7% 3.5%


Heavy & Sour 78 59 37 29 29 23 21 3.1% 2.7%


2000 2005 2010 2011 2012

89

Production Quality Russia and Central Asia






(**) Data source: Eni’s elaborations

2000 2014

Russia and Central Asia (A) 7,721 11,521 13,145 13,170 13,223 13,444 13,453

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%

Light & Sour 65 46 25 20 15 15 14 0.8% 0.1%

Medium & Sweet 246 413 217 194 143 137 137 3.2% 1.0%

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%

Heavy & Medium Sour

Heavy & Sour



Share of total2000 2005 2010 2011 2012 2013 2014

90






0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Medium & Sour Medium & Medium Sour Medium & Sweet Light & Sour


91





2000 2014

Azerbaijan 281 448 1,041 923 878 884 870

Light & Sweet 149 145 1,012 894 850 856 841 53.0% 96.7%

Medium & Sweet 132 303 29 29 28 28 29 47.0% 3.3%

Kazakhstan 718 1,295 1,655 1,680 1,665 1,713 1,688

Ultra Light 107 99 80 77 64 56 53 14.9% 3.1%

Light & Sweet 518 518 0.0% 0.0%

Light & Medium Sour 611 1,196 1,057 1,085 1,601 1,657 1,635 85.1% 96.9%

Russia 6,477 9,491 10,202 10,329 10,432 10,577 10,612

Ultra Light 232 297 393 422 434 471 465 3.6% 4.4%

Light & Sweet 148 139 261 273 253 249 270 2.3% 2.5%

Light & Medium Sour 72 26 9 41 33 0.0% 0.3%

Medium & Sweet 96 75 15 0.0% 0.0%

Medium & Medium Sour 318 608 627 741 950 0.0% 9.0%

Medium & Sour 6,096 9,055 9,062 8,926 9,094 9,075 8,894 94.1% 83.8%

Turkmenistan 139 163 196 197 214 238 252

Ultra Light 0 29 22 24 26 29 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 83 82 50 38 31 30 28

Ultra Light 16 28 18 14 12 12 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%


Medium & Sour 3 2 1 1 1 0.0% 3.5%

Share of total2000 2005 2010 2011 2012 2013 2014

92

Production Quality Middle East





(*) Data source: Eni’s elaborations on Monthly Oil Data Service © OECD/International Energy Agency, 2015 data (**) Data source: Eni’s elaborations

2000 2014

Middle East 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 1,174 0.8% 4.8%

Light & Sweet 398 333 346 347 335 284 237 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 & Sour 16,664 17,499 16,723 18,257 18,608 18,450 19,291 76.5% 78.5%

Heavy & Sweet

Heavy & Medium Sour

Heavy & Sour 429 592 569 553 412 433 356 2.0% 1.4%

Share of total2000 2005 2010 2011 2012 2013 2014

93






0

5,000

10,000

15,000

20,000

25,000

30,000

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Heavy & Sour Medium & Sour Medium & Medium Sour Light & Sour


94




(*) Data source: Eni’s elaborations on Monthly Oil Data Services © OECD/International Energy Agency, 2015 data

2000 2014

BAHRAIN 187 187 182 190 174 182 180

Medium & Sour 187 187 182 190 174 182 180 100.0% 100.0%

IRAN 3,684 3,879 3,704 3,621 3,004 2,682 2,812

Medium & Sour 3,684 3,764 3,563 3,491 2,913 2,511 2,700 100.0% 96.0%

Heavy & Sour 115 141 130 91 171 112 0.0% 4.0%

IRAQ 2,567 1,813 2,364 2,670 2,952 3,080 3,332

Medium & Sour 2,567 1,813 2,364 2,670 2,952 3,080 3,332 100.0% 100.0%

KUWAIT 2,045 2,423 2,298 2,533 2,735 2,809 2,800

Medium & Sour 1,905 2,283 2,173 2,401 2,611 2,689 2,684 93.2% 95.9%

Heavy & Sour 140 141 125 132 124 120 116 6.8% 4.1%

OMAN 955 775 864 887 919 943 944

Medium & Sour 955 775 864 887 919 943 944 100.0% 100.0%

QATAR 860 1,216 1,636 1,777 1,876 1,904 1,880Ultra Light 173 442 898 1,039 1,136 1,175 1,174 20.1% 62.5%

Light & Sour 575 578 463 458 467 416 391 66.8% 20.8%

Medium & Sour 113 196 275 279 273 313 315 13.1% 16.7%

SAUDI ARABIA 8,278 9,353 8,177 9,354 9,785 9,664 9,719

Light & Sweet 208 198 227 259 272 242 203 2.5% 2.1%

Light & Sour 1,350 1,224 1,084 1,238 1,300 1,264 1,046 16.3% 10.8%

Medium & Sour 6,580 7,791 6,741 7,725 8,089 8,038 8,354 79.5% 85.9%

Heavy & Sour 140 141 125 132 124 120 116 1.7% 1.2%

SYRIA 545 413 350 319 146 42 23


Heavy & Sour 149 196 178 159 72 22 12 27.5% 53.3%

UNITED ARAB EMIRATES 2,238 2,459 2,311 2,505 2,652 2,762 2,758

Light & Medium Sour 1,095 1,269 1,262 1,322 1,358 1,414 1,548 48.9% 56.1%

Light & Sour 454 492 490 570 617 653 427 20.3% 15.5%

Medium & Medium Sour 17 7 0.8% 0.0%

Medium & Sour 672 691 560 613 678 694 783 30.0% 28.4%

YEMEN 436 400 284 219 170 130 125

Light & Sweet 190 135 120 88 64 41 33 43.6% 26.7%


Share of total2000 2005 2010 2011 2012 2013 2014

95

Production Quality Africa





(*) Data source: Eni’s elaborations on Monthly Oil Data Service © OECD/International Energy Agency, 2015 data(**) Data source: Eni’s elaborations

2000 2014

Africa (A) 7,461 9,473 9,809 8,702 9,401 8,693 8,226

Ultra Light 630 603 567 537 498 468 501 8.4% 6.1%

Light & Sweet 4,177 4,829 5,202 4,384 5,332 4,612 3,994 56.0% 48.6%Light & Medium Sour 77 12 44 65 40 0.0% 0.5%Light & Sour 26 26 37 32 32 30 28 0.3% 0.3%Medium & Sweet 1,760 2,843 2,485 2,519 2,113 2,106 2,361 23.6% 28.7%Medium & Medium Sour 5 276 174 142 231 241 247 0.1% 3.0%Medium & Sour 741 442 377 304 341 313 336 9.9% 4.1%Heavy & Sweet 46 224 451 377 407 452 412 0.6% 5.0%Heavy & Medium Sour 61 56 308 284 283 284 211 0.8% 2.6%Heavy & Sour 159 131 105 103 101 85 0.0% 1.0%Unassigned production (B) 15 15 1 5 17 19 11 0.2% 0.1% % Unassigned production (B/A) 0.2 0.2 0.0 0.1 0.2 0.2 0.1


2000 2005 2010 2011 2012

96






0

2,000

4,000

6,000

8,000

10,000

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014


Medium & Medium Sour Medium & Sweet Light & Sweet Ultra Light

97





2000 2014

Algeria 1,436 1,931 1,765 1,747 1,761 1,748 1,578Ultra Light 630 603 515 491 454 425 457 43.9% 29.0%

Light & Sweet 806 1,327 1,205 1,181 1,165 1,148 1,121 56.1% 71.0%

Angola 745 1,228 1,750 1,662 1,784 1,718 1,661Light & Sweet 355 280 356 331 281 222 213 47.6% 12.8%

Medium & Sweet 329 657 922 912 948 888 861 44.2% 51.9%

Medium & Medium Sour 235 165 134 225 236 242 0.0% 14.6%

Heavy & Sweet 0 0 46 88 134 0.0% 8.0%


Cameroon 114 89 64 60 64 69 76Medium & Sweet 68 54 38 36 39 41 46 60.0% 60.0%

Heavy & Sweet 46 36 26 24 26 28 30 40.0% 40.0%

Chad 170 130 134 137 128 121Heavy & Sweet 170 130 134 137 128 121 100.0%

Congo 256 239 294 293 277 267 264Light & Sweet 131 121 167 161 152 142 146 51.2% 55.3%

Medium & Sweet 125 118 127 132 125 125 118 48.8% 44.7%

Cote d'Ivoire 27 27 27 27 27 27 27Medium & Sweet 7 21 21 25 22 15 9 25.9% 33.1%

Heavy & Sweet 19 24 20 20 19 18 0.0% 66.9%

Dem. Rep. Congo 23 25 25 24 24 24 23Medium & Sweet 23 25 25 24 24 24 23 100.0% 100.0%

Egypt 640 538 557 557 657 654 623Light & Sweet 109 128 231 278 365 378 372 17.0% 59.8%

Medium & Sour 531 251 195 174 190 175 166 83.0% 26.6%

Heavy & Sour 159 131 105 103 101 85 0.0% 13.6%

Equatorial Guinea 118 358 274 252 272 267 281Ultra Light 52 46 44 44 44 0.0% 15.6%

Light & Sweet 9 71 7.7% 0.0%

Medium & Sweet 105 247 222 206 228 223 237 88.9% 84.4%


2000 2005 2010 2011 2012 2013 2014Share of total

98





2000 2014

Gabon 276 270 255 254 245 237 236

Light & Sweet 72 66 65 63 56 52 0.0% 22.1%

Medium & Sweet 138 120 95 90 86 81 77 50.0% 32.6%

Medium & Sour 138 79 94 99 96 100 107 50.0% 45.3%

Ghana 7 6 7 77 81 104 107

Light & Sweet 7 6 7 77 81 104 107 100.0% 100.0%

Libya 1,411 1,640 1,550 458 1,387 898 460

Light & Sweet 1,353 1,544 1,403 422 1,285 769 365 95.9% 79.4%

Light & Medium Sour 77 12 44 65 40 0.0% 8.7%Medium & Sour 58 96 70 24 58 64 55 4.1% 11.9%

Mauritania 9 8 7 6 5

Medium & Medium Sour 9 8 7 6 5 100.0%

Nigeria 2,160 2,546 2,595 2,693 2,627 2,456 2,430Light & Sweet 1,372 1,245 1,734 1,842 1,915 1,771 1,598 63.5% 65.8%

Medium & Sweet 788 1,301 845 833 695 664 831 36.5% 34.2%

Heavy & Sweet 16 18 17 20 0.0% 0.0%

Sudan 177 305 465 453 113 221 268

Medium & Sweet 177 305 210 310 103 170 159 99.8% 59.4%

Heavy & Sweet 255 143 10 44 109 0.0% 40.6%

Tunisia 76 71 80 67 66 61 56Light & Sweet 35 35 34 28 25 22 19 46.6% 34.0%Light & Sour 26 26 37 32 32 30 28 33.7% 49.9%Medium & Medium Sour 1 1.3% 0.0%Medium & Sour 14 10 9 7 9 9 9 18.4% 16.1%


2000 2005 2010 2011 2012

99

Production Quality Asia - Pacific






2000 2014

Asia - Pacific (A) 7,478 7,552 7,898 7,766 7,781 7,573 7,543

Ultra Light 443 277 303 281 300 276 283 5.9% 3.8%

Light & Sweet 2,756 2,723 1,918 1,908 2,136 1,865 1,757 36.9% 23.3%

Light & Medium Sour 31 33 0.4% 0.0%

Light & Sour 34 34 34 34 34 0.0% 0.5%

Medium & Sweet 2,877 2,901 3,580 3,558 3,386 3,633 3,612 38.5% 47.9%


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%

Heavy & Medium Sour

Heavy & Sour



Share of total2000 2005 2010 2011 2012 2013 2014

100






0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Heavy & Sweet Medium & Medium Sour Medium & Sweet Light & Sweet Ultra Light

101





2000 2014

Australia 721 456 484 418 410 332 342

Ultra Light 311 50 85 73 95 79 91 43.1% 26.6%Light & Sweet 372 364 225 186 178 162 157 51.6% 45.9%Heavy & Sweet 38 42 174 159 137 91 94 5.3% 27.5%

Brunei 195 206 153 169 159 135 126

Ultra Light 16 18 22 13 13 13 12 8.2% 9.4%

Light & Sweet 110 90 65 93 88 64 59 56.3% 46.7%

Medium & Sweet 6 3 47 46 40 43 38 3.1% 30.4%

Heavy & Sweet 63 95 18 18 18 15 17 32.4% 13.6%

China 3,259 3,636 4,067 4,077 4,134 4,138 4,148

Light & Sweet 200 229 32 35 39 32 14 6.1% 0.3%Light & Medium Sour 31 33 1.0% 0.0%Light & Sour 34 34 34 34 34 0.0% 0.8%Medium & Sweet 2,201 2,329 2,627 2,688 2,752 2,789 2,835 67.5% 68.3%Medium & Medium Sour 543 563 582 580 582 589 588 16.7% 14.2%Medium & Sour 17 19 19 19 19 20 19 0.5% 0.5%Heavy & Sweet 267 463 773 721 708 674 658 8.2% 15.9%

East Timor 92 88 84 80 79 76

Ultra light 92 88 84 80 79 76 100.0%

India 659 656 789 800 773 769 766

Light & Sweet 552 562 694 697 671 671 675 83.8% 88.1%

Medium & Sweet 40 27 23 25 25 26 23 6.1% 3.0%

Heavy & Sweet 67 67 72 78 77 72 68 10.2% 8.9%

Indonesia 1,312 946 828 798 766 735 696

Ultra Light 75 64 43 42 39 47 47 5.7% 6.7%

Light & Sweet 823 549 111 104 385 232 167 62.7% 23.9%

Medium & Sweet 122 103 383 378 82 270 204 9.3% 29.2%

Heavy & Sweet 293 230 291 275 260 186 279 22.3% 40.1%

Malaysia 704 779 703 640 659 627 654

Ultra Light 41 53 65 70 73 57 57 5.8% 8.7%

Light & Sweet 412 500 306 295 307 284 288 58.5% 44.0%

Medium & Sweet 251 227 333 275 278 287 310 35.7% 47.3%

Share of total2000 2005 2010 2011 2012 2013 2014

102





2000 2014

New Zeland 36 19 55 47 41 35 39

Light & Sweet 36 19 39 33 31 30 31 100.0% 79.5%

Medium & Sweet 17 14 10 5 8 20.5%

Papua New Guinea 64 54 31 30 27 28 34

Light & Sweet 64 54 31 30 27 28 34 100.0% 100.0%

Thailand 120 196 257 262 264 241 232

Light & Sweet 120 196 257 262 264 241 232 100.0% 100.0%

Vietnam 325 372 308 307 345 335 296

Light & Sweet 68 160 158 174 146 121 101 20.9% 34.1%

Medium & Sweet 257 212 150 133 199 214 195 79.1% 65.9%


2000 2005 2010 2011 2012

103

Production Quality Americas






2000 2014

Americas (A) 17,169 17,393 17,540 18,017 19,017 20,151 21,632

Ultra Light 64 181 147 255 410 532 546 0.4% 2.5%

Light & Sweet 3,388 2,674 2,833 3,236 4,082 4,885 5,739 19.7% 26.5%


Light & Sour

Medium & Sweet 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%



Share of total2000 2005 2010 2011 2012 2013 2014

104






0

3,000

6,000

9,000

12,000

15,000

18,000

21,000

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014


Medium & Medium Sour Medium & Sweet Light & Medium Sour Light & Sweet

105





2000 2014

Argentina 769 661 611 575 559 525 519

Light & Sweet 115 94 88 84 81 77 76 15.0% 14.6%


Heavy & Sweet 308 249 235 224 217 204 202 40.0% 39.0%

Brazil 1,234 1,637 2,061 2,112 2,067 2,027 2,239

Light & Sweet 6 11 0.0% 0.5%


Medium & Sweet 20 35 112 269 403 0.0% 18.0%


Heavy & Sweet 81 90 72 37 36 0.0% 1.6%

Heavy & Medium Sour 914 1,144 1,319 1,353 1,294 1,238 1,250 74.0% 55.8%

Heavy & Sour 19 42 73 84 110 0.0% 4.9%

Canada 2,015 2,372 2,724 2,911 3,131 3,333 3,540

Light & Sweet 832 729 681 720 780 690 718 41.3% 20.3%

Medium & Sweet 334 673 939 1,000 1,003 999 992 16.6% 28.0%


Heavy & Sour 849 970 1,104 1,191 1,348 1,471 1,664 42.1% 47.0%

Memo: Syncrude production is included in Medium & Sweet

334 567 818 888 938 943 937 16.6% 26.5%

Memo: bitumen production is included in Heavy & Sour

288 445 680 762 895 1,011 1,212 14.3% 34.2%

Colombia 684 526 786 915 944 1,006 989

Light & Sweet 340 135 51 44 50 46 45 49.7% 4.5%

Medium & Sweet 105 74 61 59 53 54 53 15.3% 5.4%


Heavy & Sour 6 54 227 312 333 420 443 0.9% 44.8%

Ecuador 401 532 466 497 501 517 551

Heavy & Sour 401 532 466 497 501 517 551 100.0% 100.0%

Mexico 3,012 3,333 2,577 2,553 2,548 2,522 2,427


Medium & Sour 733 802 834 782 834 847 857 24.3% 35.3%

Heavy & Sour 1,774 2,387 1,423 1,430 1,394 1,365 1,267 58.9% 52.2%

Share of total2000 2005 2010 2011 2012 2013 2014

106





2000 2014

United States 5,822 5,181 5,471 5,653 6,481 7,448 8,626

Ultra light 21 12 29 136 287 402 429 0.4% 5.0%

Light & Sweet 2,101 1,717 2,013 2,388 3,171 4,066 4,889 36.1% 56.7%

Medium & Sweet 450 506 385 340 349 366 430 7.7% 5.0%


Medium & Sour 1,499 1,426 1,550 1,448 1,421 1,383 1,540 25.8% 17.9%

Heavy & Sour 809 670 615 590 587 607 678 13.9% 7.9%

Venezuela 2,894 2,788 2,535 2,501 2,498 2,497 2,462

Ultra light 43 131 96 104 107 116 104 1.5% 4.2%

Medium & Sweet 156 114 119 114 100 102 0.0% 4.1%

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%


2000 2005 2010 2011 2012

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

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

109


refining industry

Refining Capacity

Refining Industry Refining Capacity



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

FCC eqv. (%)

NCIFCC eqv.

(%)NCI

Europe (**) 148 852 17,058 268 31 8.3 137 872 17,461 298 34 8.7

Russia and Central Asia 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

Asia 227 1,115 22,351 394 35 7.0 240 1,233 24,699 549 45 7.4

North East Asia 149 722 14,450 280 39 7.2 164 819 16,395 415 51 7.7

Asia and Pacific 78 393 7,901 114 29 6.7 76 413 8,304 134 32 6.9

Americas 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

World 782 4,151 83,169 1,573 38 7.9 784 4,352 87,261 1,852 43 8.2

2000

Complexity Ratio Complexity RatioRefineries (no.)

Primary Capacity (mmtons)

Primary Capacity (kbbl/d)

Refineries (no.)



Conversion Capacity

(FCC eqv.) (mmtons)

2005

Conversion Capacity

(FCC eqv.) (mmtons)

112



2014 Complexity ratio (FCC eqv. %)

FCC eqv. (%)

NCIFCC eqv.

(%)NCI

129 841 16,817 308 37 8.9 118 789 15,782 306 39 9.0 Europe (**)

66 379 7,619 66 18 6.9 71 404 8,184 55 14 5.8 Russia and Central Asia

57 394 8,006 79 20 6.0 58 425 8,645 107 25 6.6 Middle East

46 159 3,203 27 17 5.7 51 177 3,563 33 18 5.8 Africa

264 1,474 29,556 790 54 8.3 275 1,636 32,847 1,001 61 8.9 Asia

183 979 19,604 598 61 8.6 189 1,104 22,142 777 70 9.4 North East Asia

81 495 9,952 192 39 7.7 86 532 10,705 224 42 8.1 Asia and Pacific

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

Complexity Ratio

2010 2014

Complexity RatioRefineries (no.)



Refineries (no.)



Conversion Capacity

(FCC eqv.) (mmtons)

Conversion Capacity

(FCC eqv.) (mmtons)

113



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

114

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World Oil and Gas Review 2015

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