Statoil - Norwegian German Cooperation in Changing Energy Markets - Anders Marvik
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Presentation at the 17th German Norwegian Energy Forum in Berlin 2013

Presentation at the 17th German Norwegian Energy Forum in Berlin 2013

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Statoil - Norwegian German Cooperation in Changing Energy Markets - Anders Marvik Presentation Transcript

  • 1. Norwegian/German cooperation in changing energy markets VP Anders Marvik, German Norwegian Energy Forum
  • 2. Statoil in Germany • • First gas delivered 1977 Three pipelines from Norway directly accessing the German market Currently delivering more than 20bcm, a ~25% share in a 81bcm market* Arctic Circle • Diversified sales portfolio ‒ Large utility companies ‒ Industry ‒ Trading (NCG and Gaspool) ‒ Gas to power ‒ Stadtwerke Emden/ Dornum • Presence in infrastructure GasPool NCG German gas hubs * 2012 data. Source: Statoil analysis, IHS CERA. 2
  • 3. A solid basis for gas supplies to Europe and Germany • The Norwegian Continental Shelf is Europe’s largest gas producing area 120 100 80 • Fuels Europe’s and Germany’s economy and contributes to its competitiveness 60 40 • Future prospects is one of interdependence. The NCS offers vast reserves at Europe’s doorstep and demand is key to drive development 3 0 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 20 Norwegian gas exports 1977-2016 in bcm Forecast for 2012-2016 Sales gas at 40 MJ/Sm³ Source: Norwegian Petroleum Directorate
  • 4. Norwegian natural gas exports in 2011 • Pipeline accounts for 95.7% • Two core markets, UK and D • LNG allows for tapping into high growth Asian markets albeit long distances Source: Gassco / Norwegian Petroleum Directorate 4
  • 5. German natural gas imports • Growth (2000 – 2011) − Total Imports: +26% or +2.3% per year − Norway: +62% or +5.7% per year • Shares (2011): − Russia: 39.8% − Norway: 34.4% − Netherlands: 22.1% • Transit • Traded markets 5 4000 3500 3000 2500 2000 1500 1000 500 0 2000 2002 2004 Total Imports Norway Other 2006 2008 2010 Russia Netherlands Source: BAFA, units in PJ
  • 6. German import dependency by energy source • Natural Gas is Germany’s Western European fuel: • Germany covers two thirds of its gas supply from domestic and Western European sources… 100 31% 80 73,4% 60 68,1% Crude oil Hard coal 100% 40 20 • …but relies on non-EEA imports for more than two thirds of its hard coal consumption 0 Uranium* Domestic Other EU Norway Natural gas Imports from outside EEA * Enriched in EU Source: own calculations based on BAFA and AGEB; 2011 data 6
  • 7. The deal with Stadtwerke Düsseldorf • Stadtwerke Düsseldorf AG or “SWD”: − 1.8 B€ Sales in 2012 with 1700 employees − 16 TWh power and 12 TWh gas portfolio − Ownership structure: 55% ENBW; 25% Düsseldorf town; 20% Cologne town • Project: − CCGT/CHP capacity 580 MWel and 300th − Efficiency 55% HHV (world class) − Start Date:  January 2016 − Replacement of existing aging plant • Concept: − Risk and award sharing arrangement − Linked to a mix of power, CO2 and natural gas commodity prices − Allows economic operation of the plant 7
  • 8. Statoil/Wintershall partnership Gas sales contract Asset sale and swap Norway • 10 year contract • Wintershall acquires stakes in Brage, Vega and Gjøa fields • 45 billion cubic meter of gas • Competitive hub pricing • More than 6% of the total German gas consumption • 2 million homes or 9 power stations • Statoil acquires stakes in Edvard Grieg fields • 39.000 barrels a day • USD 100 million cash deal • High potential upsides in new areas and for future prodcution and value 8
  • 9. German policy must be more explicit on gas • • 9 IEA is urging Germany to clarify the role of gas in the Energiewende Bundesnetzagentur capacity scenarios imply that emissions target will be missed Coal is likely to be more costly than gas in the long run 90 Installed thermal capacity (GW) • 90% 80 80% 70 70% 60 60% 50 50% 40 40% 30 30% 20 20% 10 10% 0 Power sector emissions (relative 1990) BNetzA capacity forecast and associated emissions Nuclear Lignite Coal Gas Calculated emissions Targeted emissions 0% 2012 2024 2034 Source: Bundesnetzagentur (Szenariorahmen 2013; Scenario B),Statoil
  • 10. Natural gas is crucial for the Energiewende Power generation mix to reach Energiewende targets • Meeting the emissions target requires a higher market share for gas Coal and lignite generation must be scaled down 100% 700 90% 600 80% 500 70% 60% 400 50% 300 40% 30% 200 20% 100 10% 0 0% 2012 2020 Power sector emissions (relative 1990) • Renewables need to be complemented by flexible power plants Power generation (TWh) • Other Coal Gas Nuclear Renewables Emissions 2030 Source: IHS CERA, Statoil 10
  • 11. Norwegian/German cooperation in changing energy markets Anders Marvik VP head of EU Political Affairs anma@statoil.com www.statoil.com 11