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Summary | Profile

Country profile: Italy

Location: Southern Europe, a peninsula extending into the central Mediterranean Sea, northeast of Tunisia
Climate: predominantly Mediterranean; Alpine in far north; hot, dry in south
Terrain: mostly rugged and mountainous; some plains, coastal lowlands
Size: 301230 sq. km total (Land area: 294020 sq. km  Water area: 7210 sq.km)
Population: 58,145,321 (July 2008 est.)
Languages: Italian (official), German (parts of Trentino-Alto Adige region are predominantly German speaking), French (small French-speaking minority in Valle d'Aosta region), Slovene (Slovene-speaking minority in the Trieste-Gorizia area)
Government: republic
Capital city: Rome
Legal system: based on civil law system; appeals treated as new trials; judicial review under certain conditions in Constitutional Court; has not accepted compulsory ICJ jurisdiction
Currency: euro (EUR)
Licensing:

Country profile

With limited domestic energy sources, Italy is highly dependent on imports to meet its consumption needs. In absolute terms, oil consumption has remained relatively static since 1970, but oil's share of Italy’s primary energy mix has decreased significantly, steadily replaced by natural gas. A pressing issue affecting Italy has been the country's electricity supply. Over the past decade, Italy’s installed electricity generation has not been able to keep up with demand, resulting in an increased share of electricity imports as a percent of total consumption.

Oil is the largest source of Italy’s energy consumption, representing 47 percent of primary energy consumption in 2004. Natural gas is the second-largest with 35 percent of primary energy consumption, followed by minor contributions from coal (8 percent), hydroelectricity (5 percent), and other renewables (2 percent). Unlike many other OECD countries, Italy still relies upon oil for a sizable portion of electricity generation: preliminary International Energy Agency (IEA) data for 2005 shows that Italy relied upon oil for 16 percent of its electricity generation, versus 5 percent for the OECD as a whole.

Energy production and consumption


Oil Gas
Production: 164,800 bbl/day (2005 est.) 11 billion cu m (2005 est.)
Consumption: 1 million bbl/day (2005 est.) 82 billion cu m (2005 est.)
Exports: 521,400 bbl/day (2004 est.) 379 million cu m (2005 est.)
Imports: 2 million bbl/day (2004 est.) 70 billion cu m (2005 est.)
Reserves: 621 million bbl/day (2006 est.) 217 billion cu m (1 January 2006 est.)
Major fields:



Italy - recent news

21 Jun 24
Italy: Rockhopper Exploration announces receipt of Tranche 1 Funds for the Ombrina Mare Monetisation Transaction
Rockhopper Exploration has provided an update in relation to the monetisation of its Ombrina Mare Arbitration Award announced on 20 December 2023. Rockhopper has received €19 million of the €45 million Tranche 1 payment.
04 Jun 24
Italy: RWE to build 53-MW wind farm in Italy
Following the construction start of San Severo at the end of 2023, RWE has started the construction of another wind farm in the Apulia region in south-east Italy. The 53 MW Mondonuovo wind farm is scheduled to be commissioned in 2025.
03 May 24
Italy: Prospex Energy provides update on the Selva Malvezzi production concession in Italy
Prospex Energy, the AIM quoted investment company focused on European gas and power projects, has provided an update from the Selva Malvezzi production concession in Italy.
02 May 24
Italy: Heads of Agreement signed between Gunvor and LNEnergy
Reabold Resources has announced the execution of a non-binding Heads of Agreement between Gunvor International and LNEnergy for the purchase of liquefied natural gas ('LNG') by Gunvor from LNEnergy from the Colle Santo gas field, located onshore Italy. LNEnergy has the exclusive right to acquire a 90% interest in Colle Santo and Reabold owns a 26.1% equity interest in LNEnergy.
05 Apr 24
Italy: Baker Hughes to supply Snam with hydrogen-ready technology to support decarbonization and resilience of the Italian gas network
Baker Hughes, an energy technology company, has been awarded a contract to be booked in the first quarter of 2024 from Snam, Europe’s leading operator in natural gas transportation, storage and regasification, to provide three NovaLT 12 gas turbine driven compressor trains for a new gas compressor station in Sulmona, Italy.

Italy - more news

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