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Eustream

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Milan Sedlacek - Head of EU affairs and strategy, Eustream – Slovakia

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Eustream

  1. 1. eustream, a.s. Votrubova 11/A, 821 09 Bratislava www.eustream.sk Eurasian Natural Gas Infrastructure Conference Gas Transmission in the CEE region Milan Sedláček, eustream, a.s. 31st May 2017, Milan
  2. 2. 2 1. Introduction 2. CEE/SEE – where we are - myths and truths 3. Missing interconnections and import routes 4. Hardware without software is not enough Agenda
  3. 3. Yamal (33 mld.m3/a) Eustream East to South 80.3 bcm/a South to East 14.6 bcm/a North – South 24.5 bcm/a Veľké Kapušany • Key infrastructure for delivery of gas to Central and South Europe and Ukraine • Biggest TSO for Russian gas towards EU Eustream is the key player in transit of gas to Western and Southern Europe
  4. 4. Market less developed and: - Russian gas dependency - CEGH the only liquid hub - No access to LNG - Only East - West interconnections - Fragmented markets - Russia – Ukraine relations is the issue - SoS problems Usual rhetorics - gas market in CEE Natural gas import dependency by Member State (intra+extra-EU imports), 2012, % Missing integration and diversification
  5. 5. GPL NCG AOC ZTP VTP AT TTF NBP GTF TRS PSV PEG NORD VTP SK CZ MGP PL ZEE LT UA VTP SI VTP CH Some of that no longer true
  6. 6. 6 Jonathan Stern: Natural Gas Pricing: future perspectives and competitiveness with coal, OIES JOGMEC Seminar, Tokyo, March 2016 Market starts to be developed, at least in CE
  7. 7. 7 Jonathan Stern: Natural Gas Pricing: future perspectives and competitiveness with coal, OIES JOGMEC Seminar, Tokyo, March 2016
  8. 8. Wholesale price in the region Source: DG ENER Quarterly report Volume 8., 2015
  9. 9. Market less developed and: - Russian gas dependency - CEGH the only liquid hub - No access to LNG - Only East - West interconnections - Fragmented markets - Russia – Ukraine relations is the issue - SoS problems Usual rhetorics - gas market in CEE Natural gas import dependency by Member State (intra+extra-EU imports), 2012, % Market integration and diversification to be improved still
  10. 10. 10 1. Introduction 2. CEE/SEE – where we are - myths and truths 3. Missing interconnections and import routes 4. Hardware without software is not enough Agenda
  11. 11. Lanžhot Baumgarten Veľké Kapušany Cancellation of the existing Ukrainian transmission route for Russian gas to Western and Southern Europe Planned expansion of Nord Stream gas pipeline Nord Stream 2 clearly designed to deliver Russian gas to Southern and Eastern Europe (including Italy) by circumventing the traditional gas corridor through Ukraine 11 Nord Stream 2 Influence on Ukraine Transmission System
  12. 12. Reverse Flow to Ukraine from the EU OBA regime – Good news from Ukraine In addition As of 1/4/2016, Budince is: - Technically available to export from Ukraine - OBA regime is in place Existing Ukrainian Reverse Flow Options:
  13. 13. National plans: are they consistent and integral from wider perspective? 1. Poland 13
  14. 14. National plans: are they consistent and integral from wider perspective? 2. Czechia 14
  15. 15. National plans: are they consistent and integral from wider perspective? 3. Slovakia 15
  16. 16. SK-PL project: essential for the NSI route Key Facts CS1 Veľké Kapušany (SK) – Strachocina (PL) Length: 164 km (106 km at SK side) Diameter: DN 1,000 mm Compression power : 32 MW (16 MW at SK side) Flow: Bi-directional Technical capacity: 4.7 bcm (to SK), 5.7 bcm (to PL) Total CAPEX: EUR 437.1 mil.* (current estimate EUR 138.1 mil. at SK side) * Official CAPEX from CEF grant application. CAPEX at PL side covers also required upgrades and adjustments of the existing system Important Milestones: Final Observation Conclusions of the EIA January 2016 Zoning Decision April 2017 Building Permits November 2018 Commissioning into commercial operation January 2021 16
  17. 17. National plans: are they consistent and integral from wider perspective? 4. Hungary 17
  18. 18. Eastring TANAP TAP Turkish Stream EastMed Poseidon IGB Ionian Adriatic Pipeline Tesla Pipeline RO part of BRUA pipeline BG-RS interconnector Southern Gas Corridor Pipeline Projects Poseidon pipeline Status: Advanced non-FID Capacity: 12 bcm/y COD: EoY 2020 Shareholder structure: IGI Poseidon (100%) – Edison 50%; Depa 50% EastMed pipeline Status: Less advanced non-FID Capacity: 16 bcm/y COD: EoY 2020 Shareholder structure: IGI Poseidon (100%) – Edison 50%; Depa 50% TANAP Status: construction Capacity: 16 bcm/y COD: 2018 Shareholder structure: SOCAR 58%; BOTAS 30%; BP 12% Eastring Status: Less advanced non-FID Capacity: 20-40 bcm/y COD: FID+3y Shareholder structure: Eustream + partners TAP Status: construction Capacity: 10-20 bcm/y COD: 2019 Shareholder structure: BP 20%; SOCAR 20%, Snam 20%; Fluxys 19%; Enagás 16%; Axpo 5% Turkish Stream Status: FID Capacity: 15.75 - 31.5 bcm/y COD: EoY 2019 (first leg of TS) Shareholder structure: Gazprom 100%Tesla pipeline Status: Less advanced non-FID Capacity: 27 bcm/y COD: EoY 2019 Shareholder structure: Local TSOs Interconnector Greece-Bulgaria Status: FID Capacity: 3 bcm/y COD: 2018 Shareholder structure: IGI Poseidon (50%) – Edison 50%; Depa 50%; Bulgarian Energy Holding EAD (50%) Ionian Adriatic pipeline Status: Advanced non-FID Capacity: 5 bcm/y COD: 2022 Shareholder structure: Plinacro; BH-Gas, governments of Montenegro and Albania RO part of BRUA pipeline Status: Advanced non-FID Capacity: 1.5-4.4 bcm/y COD: 2020 Shareholder structure: Transgaz 100%
  19. 19. Eastring Option AOption B Option D Option C CAPEX estimated: (Option A) 1,851 mEUR (Option B) 2,203 mEUR (Option C) 2,539 mEUR (Option D) 2,486 mEUR Eastring Capacity: 20 bcm/y bidirectional flow Length: 832 / 1,015 / 1,187 / 1,160 km Diameter: 1400 mm COD: EoY 2021 Capacity development: +20 bcm/y in case of higher market demand Shareholder structure: Eustream + partners 1. Eastring is dramatically different from other projects in Southern Europe. Eastring is routed directly to Eustream system, which has the flexibility to ship gas both to Western Europe and Southern Europe. Other projects, that are routed directly to Baumgarten, do not have this possibility. Capacities from Baumgarten from North and West are very limited. 2. Eastring has the capacity to bring any new gas from Caspian region and Middle East to practically all regions of Europe. 3. Eastring, unlike many small scale projects and interconnectors (1-3 bcm), with only local or regional significance aims to secure a capacity of 20 to 40 bcm. The positive contribution of this project, hence, exceeds the regional boundaries and brings benefits to the whole EU. 4. Project resolves the missing connection of SEE countries to western European liquid gas hubs (NCG, GasPool, CEGH, TTF). Current Status: MoU on both TSO and governmental level signed between Slovakia and Bulgaria in 2016.
  20. 20. 20 1. Introduction 2. CEE/SEE – where we are - myths and truths 3. Missing interconnections and import routes 4. Hardware without software is not enough Agenda
  21. 21. Sheet/Page Arial, 8 pt, line spacing 1 line
  22. 22. 22 For more information www.eustream.sk

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