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Italy Oil and Gas Downstream Market Size (2024 - 2029)

The market size of the Italian oil and gas downstream sector is anticipated to experience growth driven by increased oil production and the exploration of domestic fossil fuel reserves. Despite facing challenges from global competition, particularly from Chinese refineries, the sector's expansion is supported by the country's reliance on oil and gas as primary energy sources. Stagnant refinery capacity in previous years highlights the need for investment to stimulate industry growth. The reduction in transportation costs for oil imports due to local production could further enhance the market's potential.

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Market Size of Italy Oil and Gas Downstream Industry

Italy oil and gas downstream - market summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR < 1.00 %
Market Concentration High

Major Players

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*Disclaimer: Major Players sorted in no particular order

Italy Oil and Gas Downstream Market Analysis

The Southeast Asia oil and gas downstream market is expected to register a CAGR of less than 1.0% during the forecast period of 2020-2025. Factors, such as increasing production of oil, are expected to boost the need for the Italian oil and gas downstream market during the forecast period. However, competition from refineries around the world, especially China, led to a slowdown in the sector, with many refineries not able to utilize full capacity.

  • The refinery capacity in the country remained stagnant during the 2015-2018 period. Most of the country depends on oil and gas for its primary energy source. Investment in the sector may lead to growth in the industry.
  • Italy has a proven gas reserve of around 1.6 trillion cubic feet of natural gas and 0.4 thousand million metric ton of crude oil, as of 2018. Exploration and production of fossil fuel may lead to a boom for the downstream industry as the transportation cost of oil imports would reduce.
  • Oil production is expected to drive the market during the forecast period. The country depends primarily on imports for the supply of fossil fuels to meet the required energy consumption in the country.

Italy Oil and Gas Downstream Industry Segmentation

The Italian oil and gas downstream market report includes:

Refineries
Overview
Existing Infrastructure
Projects in Pipeline
Upcoming Projects
Petrochemicals Plants
Overview
Existing Infrastructure
Projects in Pipeline
Upcoming Projects
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Italy Oil and Gas Downstream Market Size Summary

The Italian oil and gas downstream market is characterized by a stagnant refinery capacity and a heavy reliance on imports to meet energy demands. Despite the challenges posed by international competition, particularly from Asian refineries, the market is poised for modest growth driven by increased oil production. The acquisition of the Augusta refinery by Sonatrach is expected to enhance refining capabilities, although the overall number of refineries in Italy has declined due to substandard facilities failing to compete globally. The market's growth is further supported by Italy's proven gas reserves and the potential reduction in transportation costs for oil imports, which could stimulate exploration and production activities.

Italy's oil and gas sector remains consolidated, with major players such as Esso Italiana Srl, Eni SPA, and Total SA dominating the landscape. The country's dependence on foreign oil and gas, particularly from Russia, underscores the importance of strategic investments in the sector to bolster domestic capabilities. While natural gas production and consumption have seen a decline, the increase in oil production offers a positive outlook for the downstream market. The Sarpom Trecate, Novara Refinery stands as the largest facility, highlighting the significance of key players in maintaining the market's stability and potential for slight growth over the forecast period.

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Italy Oil and Gas Downstream Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Refining Capacity Installed and Forecast, in thousand barrels per day, until 2025

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraint

    6. 1.6 Supply Chain Analysis

    7. 1.7 PESTLE ANALYSIS

  2. 2. MARKET SEGMENTATION

    1. 2.1 Refineries

      1. 2.1.1 Overview

        1. 2.1.1.1 Existing Infrastructure

        2. 2.1.1.2 Projects in Pipeline

        3. 2.1.1.3 Upcoming Projects

    2. 2.2 Petrochemicals Plants

      1. 2.2.1 Overview

        1. 2.2.1.1 Existing Infrastructure

        2. 2.2.1.2 Projects in Pipeline

        3. 2.2.1.3 Upcoming Projects

Italy Oil and Gas Downstream Market Size FAQs

The Italy Oil and Gas Downstream Market is projected to register a CAGR of less than 1% during the forecast period (2024-2029)

Eni SPA, PJSC Lukoil Oil Company, Anonima Petroli Italiana, Esso Italiana Srl (Subsidiary of Exxon Mobil Corporation) and Total SA are the major companies operating in the Italy Oil and Gas Downstream Market.

Italy Oil and Gas Downstream Market Report Snapshots

Italy Oil and Gas Downstream Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)