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Athens Energy Forum 2019 | Ioannis Arapoglou, Vice Chairman, Gastrade

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PANEL DISCUSSION 4 | UPDATE ON REGIONAL MIDSTREAM DEVELOPMENTS

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Athens Energy Forum 2019 | Ioannis Arapoglou, Vice Chairman, Gastrade

  1. 1. 4th International Energy and Shipping Seminar Developing Greece’s 1st FSRU terminal 8th June 2018
  2. 2. New landscape in the transportation of natural gas to Europe via pipelines IRAN - TURKEY 2January 2019
  3. 3. LNG the only realistic alternative to differentiate  Multiple and independent supply sources & routes  Security & diversification of supply  Outside of Turkish territory  Opportunity for US gas to be marketed in SE Europe  Growing US LNG production & exports  Enhances pricing flexibility & competition  Safer gas transportation  Offers political security  Lower-cost, easier-to-develop infrastructures  Flexible and scalable  Can support underperforming pipeline projects 3January 2019
  4. 4. New LNG terminal in northern Greece – Alexandroupolis 4 The Project is developed by Gastrade January 2019
  5. 5. The Project is located offshore Alexandroupolis and connects to the pipeline system(s) Floating Terminal 10 km Alexandroupolis Subsea pipeline 24 km / D = 30” Onshore pipeline 4 km / D = 30’’ National NG Transmission System (ESFA) New M/R - DESFA NNGTS (ESFA) New M/R - TAP TAP TAP The Project comprises the FSRU and the pipeline system (subsea and onshore sections) 5January 2019
  6. 6. Project of strategic importance for Greece … as it strengthens the geopolitical role of the country in the area and creates a new energy gateway to SE Europe Greece Alexandroupolis Bulgaria Turkey Komotini Stara Zagora to Romania & Eastern European markets (e.g. Ukraine) LNG supply Kipi 24” 36” 30” Greek National Gas Transmission System (ESFA) Gas Interconnector Greece – Bulgaria (IGB) Gas Interconnector Greece – Turkey (ITG) TAP / TANAP Country networks – SEE and Balkans gas ring Kula - Sidirokastro FYROM Gas Interconnector Greece – FYROM (planned) Gas Interconnector Bulgaria – Serbia (IBS) SERBIA 6 Supported by the governments of Greece & Bulgaria: Included in the: • Greek National Energy Plan prepared by the Greek Ministry of Environment & Energy • 2018-2027 Development Plan of the Greek National Natural Gas System (ESFA) • Energy Strategy plan of Bulgaria that was adopted by the Bulgarian Parliament on 30 Nov 2018 January 2019
  7. 7. Best placed to offer an alternative supply and route solution… LNG terminal N. Greece …to Bulgaria and onwards to Romania, Serbia and the wider region 7 The Project is key to the realisation of the Vertical Corridor and contributes in establishing a regional gas hub, working in harmony and complementing other regional gas infrastructure projects such as IGB, TAP, Revithoussa LNG, Kavala UGS and other planned interconnectors January 2019
  8. 8. Project of European priority - Enhances supply security and market integration  Project of Common Interest (PCI)  CESEC Initiative  Included in the European Energy Security Strategy 8January 2019
  9. 9. Project status update & next steps  Licensing in place  FEED study completed  EPC tenders progressing well  Exemption Application in place (in line with Article 36 of Directive 73/2009 - 3rd Energy Package -)  First Phase of Market Test successfully completed on 31 December 2018  20 companies submitted relevant EoI for a total regas capacity reservation of up to 12.2 billion cubic meters/annum  GasLog, one of the largest LNG carrier owners and operators, listed in the NYSE, has acquired 20% of Gastrade  DEPA and the Bulgarian State, through Bulgartransgaz, to become shareholders in Gastrade and reserve capacity at the Terminal 9January 2019
  10. 10. Thank you http://www.gastrade.gr/

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