Italy energy demand to increase 10% by 2025

30/09/2011 10:24


Total energy demand in Italy is likely to increase from 177.5 million tonnes of oil equivalent (toe) forecasted in 2011 to 186.6 million toe in 2015 and 195.5 million toe in 2025 with Italian economic slowdown, following approval of the government's austerity plan, weighing on short-term energy demand and according to a recently published report by the Italian oil refining body Unione Petrolifera (UP).

Natural gas demand is expected to increase from 81 billion cubic metres (bcm) expected in 2011 to 96.7 bcm in 2025 mainly driven by demand for power generation, thus becoming the largest source for covering national demand in 2014, with a share likely to increase from 37.4% in 2011 to 40.5% in 2025. Meanwhile, oil demand is expected to fall, with oil demand for making refined products and for other uses likely to drop from 73 million tonnes in 2011 to 70.7 million tonnes in 2025. The share of oil in total energy demand is expected to drop from 40% in 2011 to 37.8% in 2015 and 34.3% in 2025. The share of solid fuels is likely to remain steady at 8%. As for renewable energy, it is expected to increase from 10% in 2011 to 14.4% of the country’s energy demand in 2020-2025. Electricity demand is expected to reach 423 TWh in 2025 from 336 TWh in 2011, recovering to pre-crisis levels in 2012 as UP said. Petrol demand is likely to drop to 8 million tonnes in 2025 from 9.5 million tonnes in 2011. Diesel demand for road vehicles is expected to slightly change from current levels at 25.7 million tonnes in 2025 while the share of diesel-fuelled vehicles is likely to increase from 38% in 2010 to 43.5% of the total. Carbon dioxide emissions are seen up from 396 million tonnes in 2010 to 409 million tonnes in 2015 keeping this level through 2020 and then dropping to 407 million tonnes in 2025, due to energy efficiency and higher use of renewable energy.

Exxon Mobil considers sale of Malaysian offshore assets for up to $3 bln

09/10/2019 14:54:00

U.S. energy giant Exxon Mobil Corp is considering a sale of its Malaysian upstream offshore assets for up to $3 billion, Bloomberg reported on Wednesday.


Zimbabwe hikes average electricity tariff by 320% - energy regulator

09/10/2019 13:25:00

Zimbabwe has increased the average electricity tariff by 320% to let the state power utility ramp up production and improve supplies at a time of daily rolling power cuts, the national energy regulator said on Wednesday.


Daily (09.10.2019): European carbon prices reached EUR 23 a tonne on Tuesday, on worries over Brexit negotiations

09/10/2019 10:50:00

Crude oil prices traded lower on Tuesday, after Donald Trump reported that a quick trade deal will unlikely happen soon. Meanwhile, oil prices were supported by protests in OPEC members Iraq and Ecuador, which threatened to disrupt their oil output. Hence, WTI futures fell by 0.2% to $52.63 a barrel, while Brent crude edged 0.2% down at $58.24 a barrel.