strategy of growth in the production of hydrocarbons at a rate of average annual growth of 4.5% in the period 2008 to 2011. In 2011 production will exceed 2:05 million barrels of oil equivalent per day scenario Eni to $ 55 a barrel. Assuming a scenario of oil prices of $ 90, the rate of growth is expected to remain high, 3.6% annual average, with an expected production in 2011 of over 2 million barrels of oil equivalent per day.
In 2008 hydrocarbon production will exceed 1.8 million barrels of oil equivalent per day to $ 64 a barrel. Again, in a
scenario of oil prices of $ 90 a barrel, the growth rate would remain at around 2%.
Increased production will help the acquisitions made in 2007 in Congo, Turkmenistan, North America and Russia, Which in 2011 will bring about 190.000 barrels of oil equivalent per day. Further growth is expected from the organic development in strategic areas such as North Africa, West Africa and the Caspian region. In these areas, Eni has an important position in some of the biggest projects in the world.
It is also expected to maintain a high rate of productivity growth over the plan period with an average annual growth of 3% until 2014.
All these objectives are based on internal growth prospects and do not involve further acquisitions.
Will also continue the development of LNG (liquefied natural gas) with the aim of enhancing the broad base of gas reserves of the company. Liquefaction capacity will reach 11.3 billion cubic meters by 2011 and 18.8 billion cubic meters in 2014