Italy's expected bill for
imported energy will be some 20% less this year than in 2013 due
to reduced consumption and the decline in world oil prices, the
union of Italian oil firms Up said Wednesday.
The tab for foreign energy in 2014 was estimated at 45
billion euros, some 11 billion euros less than in 2013, a
reduction of some 20% while the cost of oil imports to the
peninsula is expected to be 25 billion this year, a reduction of
18%,according to the Up.
Demand for energy fell by an estimated 5.1% in 2014,
slipping to 157.6 tonnes of petroleum, a return to the level of
the 1980s.
Nearly all forms of energy consumption fell except for
renewable energy that rose by estimated 3.9% and net electricity
imports, which rose by 2.3%, Up said.
Oil remained the main source of energy, making up 35.4%
while gas consumption falls by an estimated 11% to make up 32.4%
of total energy consumption.
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