Homepage > Regional News > Croatia > Natural gas reserves in the Adriatic may be up to 100 billion cubic meters
  • Smanji veličinu slova
  • Normalna veličina slova
  • Povećaj veličinu slova

Natural gas reserves in the Adriatic may be up to 100 billion cubic meters


22.7.2008 15:19:00 | Author/Source PressCut

Paolo Scaroni, CEO of Italian oil and gas group ENI said on Monday his company estimated its concessions in the Adriatic Sea had at least 40 billion cubic meters of natural gas. He added it was also possible there are up to 100 billion cubic meters, because “once you start exploiting reserves, you never know how far you can go”.

This statement could have a significant impact on the value of Croatian Ina, because the two companies have been jointly developing certain gas fields in the Adriatic. On the other hand, Ina estimates gas reserves to around 20 billion cubic meters. Last year Ina produced 1.15 billion cubic meters of gas in the Adriatic, which is by as much as 69 percent more than a year ago. However, in the first quarter of the year, production was reduced.
(Poslovni dnevnik)

Related news:
23.4.2015 Unemployment declined to 19.7%, real wages up
(Author/Source RBA analitičari)
21.4.2015 2014 fiscal deficit rose to 5.7% of GDP
(Author/Source RBA analitičari)
17.4.2015 Government decided to raise excises
(Author/Source RBA analitičari)
16.4.2015 Slight CPI growth in March
(Author/Source RBA analitičari)
14.4.2015 Carve-out of Hypo Group Alpe Adria AG SEE-banking network from Heta Asset Resolution AG finalised
(Author/Source Limun.hr)

Croatia:
14.4.2015 Carve-out of Hypo Group Alpe Adria AG SEE-banking network from Heta Asset Resolution AG finalised
(Author/Source Limun.hr)
9.4.2015 CE benefits from ECB’s loose monetary policy
(Author/Source Limun.hr)
7.4.2015 Retail trade growth continues
(Author/Source RBA analitičari)
15.12.2014 RBA celebrates 20 years of operation
(Author/Source Limun.hr)
12.12.2014 Slight retail trade growth confi rmed (HRK and rates neutral)
(Author/Source RBA analitičari)