BAKU, Azerbaijan, July 29. In the second quarter of 2022, natural gas sales of 13.38 bcm by Italian Eni decreased by 21 percent compared to the same period of 2021, due to the lower gas volumes marketed in Italy, particularly at the spot market and in the wholesale segment, and in the European markets, mainly in France, Trend reports with reference to the company.
Also, worldwide LNG sales decreased compared to the second quarter of 2021. These negatives were partly offset by higher gas volumes marketed in Germany. In the first half of 2022, natural gas sales amounted to 31.64 bcm, down 8 percent vs the same period of 2021, due to the same drivers as for the quarter.
Global Gas & LNG Portfolio segment reported an adjusted operating loss of €14 million in line with normal seasonality patterns. In the first half of 2022, adjusted operating profit was €917 million, an improvement from the same period of 2021, mainly due to the strong pricing environment and margin optimization leveraging on the flexibility of the natural gas supply portfolio in inventory management and the diversified price indexation.
Retail sales in Italy in Q2 were 1.35 mmtonnes, up 6 percent year-on-year due to higher volumes of gasoil, gasoline and LPG following the restarting of economic activities and travel. In the first half of 2022, retail sales amounted to 2.55 mmtonnes, up 10 percent vs. the first half of 2021. The market share in the second quarter 2022 was 21.7 percent (22.3 percent in the second quarter 2021).
Wholesale sales in Italy were 1.60 mmtonnes, up 10 percent in Q2 compared to the same period in 2021, driven by higher sales in the jet fuel segment. Positive performance was also recorded in the first half of 2022 at 2.92 mmtonnes: up 6 percent vs. the first half of 2021.
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