Tenaris SA

Common Name
Tenaris
Country
Luxembourg
Sector
Energy
Industry
Oil & Gas Equipment & Services
Employees
25,874
Ticker
TEN
Exchange
EURONEXT MILAN
Description
Tenaris S.A. is a global manufacturer and supplier of steel pipes and related services primarily catering to the energy industry. With a focus on delivering high-performance solutions, the company pla...

Tenaris Energy Data Preview

In 2023, Tenaris disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.

Tenaris also reported how it meets its energy needs through a mix of purchased and self-generated energy, offering insight into its sourcing strategy and level of energy independence.

Additionally, Tenaris also disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.

Finally, Tenaris also reported the types of energy sources as well as generation technologies, both for purchased and self-produced energy, helping stakeholders evaluate Tenaris's reliance on fossil fuels versus cleaner alternatives.

Metric (GJ)2024202320222021 - 2017
Total Energy Consumed
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Renewable Energy Consumed
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Non-renewable Energy Consumed
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Energy Sold
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Electricity Consumed
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This table provides a simplified preview of selected energy data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Tenaris's Energy Renewability

In 2023, Tenaris consumed a total of 42.46 million Gigajoules of energy across its operations. Of this total, 3.98% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 96.02% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.

Tenaris's Energy Renewability Rate

4%

How much of Tenaris's energy consumed is renewable?

In 2023, Tenaris consumed a total of 42.46 million Gigajoules of energy, of which 3.98% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.

This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that Tenaris has considerable room to improve its energy sustainability strategy.

Are Tenaris's energy practices becoming more sustainable?

Since 2021, Tenaris's total energy consumption increased by 3.99%, but declined by 12.66% in 2023, suggesting a recent moderation in energy use.

Over the same period, the share of renewable energy in Tenaris's consumption increased by 341.87%, including a 214.83% increase in 2023, showing consistent progress in clean energy adoption.

Overall, Tenaris’s energy trends reveal a complex picture, with variations in total consumption and renewable sourcing. A closer examination of operational drivers and sourcing strategies is needed to fully assess the company’s environmental impact.

Tenaris's Renewable vs Non-renewable Energy Over Time

39.76 M19.76 M236.1 k39.76 MGigajoules (GJ)20212022202399%98%94%
  • Renewable Energy Consumed
  • Non-renewable Energy Consumed

Insights into Tenaris's Energy Consumption & Production Mix

In 2023, Tenaris disclosed detailed information on the sources and generation technologies of the energy it consumed. This disclosure enables a clearer assessment of the Tenaris's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies.

Tenaris's Energy Consumed by Sources and Technologies

Natural Gas(61.9%)Electricity(Unspecified Source)(32.1%)

What are the main sources and generation technologies behind Tenaris's energy consumption?

In 2023, Tenaris's total energy consumption was primarily sourced from

  • Natural Gas (61.86%)
  • Electricity (Unspecified Source) (32.09%)
  • Coal (4.71%)

How diverse is Tenaris’s energy consumption mix?

In 2023, Tenaris consumed energy from 4 different sources or generation technologies, indicating a moderately diverse energy mix, with some concentration in a primary source.

Insights into Tenaris's Energy Inflows & Self-Sufficiency

In 2023, Tenaris reported total energy inflows of 14.95 million Gigajoules, which corresponds to the company's full energy needs, including energy consumed, redistributed, sold, or stored. This energy inflow was composed of 11.66 million Gigajoules purchased from external suppliers and 3.29 million Gigajoules generated through internal production. This corresponds to a production share of 22.03%, reflecting a 598.11% percentage point increase from the previous year (2022) and a 253.43% percentage point decrease since 2021.

The recent uptick in energy production share reverses a longer-term decline, hinting at a possible strategic pivot. Tenaris may be rebalancing its sourcing strategy, potentially responding to external market dynamics, rising costs, or new internal capacity for energy generation.

Tenaris's Energy Purchased vs Produced Over Time

20212022202304 M8 M12 M16 MGigajoules (GJ)25%16%22%75%84%78%
  • Total Energy Produced
  • Total Energy Purchased
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