Gas & Power

Key performance indicators

2011

2012

2013

(a)	Before elimination of intragroup sales.
(b)	Including volumes marketed by the Exploration & Production Division of 2.61 bcm (2.73 bcm and 2.86 bcm in 2012 and 2011, respectively).
(c)	LNG sales of affiliates and associates of the Gas & Power Division (included in worldwide gas sales) and the Exploration & Production Division.
(d)	The customer satisfaction score for 2013 relates to the first six months as at the date of publication of this Annual Report the Authority for Electricity and Gas has not yet published the data for the second half of the year.

Employees injury frequency rate

(No. of accidents per million of worked hours)

2.44

1.84

1.31

Contractors injury frequency rate

5.22

3.64

1.81

Net sales from operations ^(a)

(€ million)

33,093

36,200

32,124

Operating profit

(326)

(3,219)

(2,992)

Adjusted operating profit

(247)

356

(663)

Marketing

(657)

(837)

International transport

410

309

174

Adjusted net profit

252

473

(246)

EBITDA pro-forma adjusted

949

1,316

Marketing

257

858

(311)

International transport

692

458

317

Capital expenditure

192

225

232

Worldwide gas sales ^(b)

(bcm)

96.76

95.32

93.17

LNG sales ^(c)

15.7

14.6

12.4

Customers in Italy

(million)

7.10

7.45

8.00

Electricity sold

(TWh)

40.28

42.58

35.05

Employees at period end

(number)

4,795

4,752

4,514

Direct GHG emissions

(mmtonnes CO₂eq)

12.77

12.70

11.16

Customer satisfaction score (CSS) ^(d)

(%)

88.6

89.7

90.4

Water consumption/withdrawals per kWheq produced

(cm/kWheq)

0.014

0.012

0.017

Performance of the year

In 2013 the positive trend in employees and contractors injury frequency rates was confirmed, with a reduction of 28.9% and 50.1%, respectively.
In 2013 Greenhouse gas emissions decreased by 12.1% following lower power production (-10.5%) as well as lower volumes of gas transported.
In 2013, the water consumption rate of EniPower’s plants increased both in general (up 24.3% from 2012) and per kWh produced (up 39.9%), due to production reorganization in a number of sites, in particular in the Brindisi power plant due to higher use of sea water in cooling operations.
In 2013, adjusted net loss was €246 million, decreasing by €719 million from 2012 mainly in the marketing business reflecting worsening competitive environment, the effects of which were exacerbated by minimum off-take obligations provided by long-term supply contracts.
Eni gas sales (93.17 bcm) were down by 2.3% compared to 2012. When excluding the effect of the divestment of Galp, gas sales were broadly in line with the previous year. Eni’s sales in the domestic market increased by 1.08 bcm driven by higher spot sales and by higher sales to importers in Italy (up 1.94 bcm). This positive trend was more than offset by lower volumes marketed in the main European markets (down 5.61 bcm), particularly in Benelux, the Iberian Peninsula and the United Kingdom, due to declining gas demand and competitive pressure.
Electricity sales of 35.05 TWh decreased by 7.53 TWh from 2012, down 17.7%.
In 2013 capital expenditure of €232 million mainly concerned the revamping activities of the cogeneration plant of Bolgiano and the development of its heating cable system (€39 million), the flexibility and upgrading of combined cycle power stations (€82 million) as well as gas marketing initiatives (€88 million).
On March 31, 2014, Eni and Statoil have signed final agreement on the revision of the long-term gas supply contract currently in force between the two parties. The revision is reflecting changed fundamentals in the gas sector and will determine a positive effect in 2014 profit. The final agreement, which follows the Heads of Agreement signed on 27 February 2014, implies the end of the arbitration proceedings previously initiated by Eni.
In 2013 EniPower, in the development of Eni’s worldwide projects, confirmed its role as supplier of technological and specialist know-how in the electricity and photovoltaic applications, preserving the attention to access to energy projects, environmental and social themes. In particular during the year the company sanctioned the pre-feasibility study of a power generation plant and its related facilities to be built in the northern region of Mozambique, near the recently discovered giant gas fields.