8. Why so high?
UK small player - global market
Not most expensive in EU
Increasing demand esp for gas across globe
Infrastructure catch-up
Cutting f-fuel pollution expensive
Climate Works Ltd 2013
Wednesday, 11 December 2013
9. EXPECTED GAS FROM RUSSIA AND “STANS”
•
Must have new gas fields
Current gas fields.
___ Current pipes
___ Must have new pipes
Ukraine
N.B: Drawn for impact not exact
A
SHIP
B
F
C
E
E
D
Source: Ofgem
Image: Alistair Buchanan Ofgem 2013
RUSSIA TO INCREASE DELIVERIES BY 80BCM?
29
Before 2012
Wednesday, 11 December 2013
Climate Works Ltd 2013
10. WINTER 2012 – ALL CHANGE ON RUSSIAN DELIVERIES
•
Must have new gas fields
Current gas fields.
___ Current pipes
___ Must have new pipes
Ukraine
A
SHIP
N.B: Drawn for impact not exact
B
F
?
• Shtokman – gone.
• Nabucco – effectively gone.
• Ukraine – worries about
deterioration.
?
E
C
E
D
Image: Alistair Buchanan Ofgem 2013
SHTOKMAN/NABUCCO ALONE = 80BCM
30
Winter 2012
Wednesday, 11 December 2013
Climate Works Ltd 2013
11. BEFORE
NOW
EXPECTED GAS FROM RUSSIA AND “STANS”
•
Must have new gas fields
Current gas fields.
___ Current pipes
___ Must have new pipes
Ukraine
A
SHIP
N.B: Drawn for impact not exact
WINTER 2012 – ALL CHANGE ON RUSSIAN DELIVERIES
B
•
Must have new gas fields
Current gas fields.
___ Current pipes
___ Must have new pipes
Ukraine
F
A
SHIP
N.B: Drawn for impact not exact
?
• Shtokman – gone.
• Nabucco – effectively gone.
• Ukraine – worries about
deterioration.
E
?
F
C
E
B
E
D
C
E
D
Source: Ofgem
RUSSIA TO INCREASE DELIVERIES BY 80BCM?
SHTOKMAN/NABUCCO ALONE = 80BCM
29
Before
30
Images: Alistair Buchanan Ofgem 2013
After
Climate Works Ltd 2013
Wednesday, 11 December 2013
12. What a (UK) gas
Gas in power stations expected to fall from
40% to 20-30% by 2020
But will rise 60-70%
Climate Works Ltd 2013
Wednesday, 11 December 2013