Klaipėda LNG Terminal a Game Changer in the Baltic Sea Region. Mantas Bartuška General Director SC Klaipėdos Nafta 1

Transcription

1 Klaipėda LNG Terminal a Game Changer in the Baltic Sea Region Mantas Bartuška General Director SC Klaipėdos Nafta 1

2 1. Introduction to SC Klaipėdos Nafta A Diversified Oil Product and LNG Terminal Operator 40+ years of oil product terminal operations Successful fast track LNG terminal project implementation State fuel reserves LNG reloading and bunkering station project LNG bunkering vessel project LNG terminal consulting projects 2

3 1. Introduction to SC Klaipėdos Nafta A New LNG Terminal Started Operation from the 1 st Of January Commissioning cargo Delivered 28 th of October 2014 Commercial operations First commercial send-out from 1 st of January 2015 First commercial cargo Delivered 23 rd of December 2014 FSRU Independence Arrived on the 27 th of October

4 Single FSRU a Solution To Many Regional Demands? 2. Global price 3. Reliability & Access 1. Energy security 4. Flexibility & Cost Efficiency 9. Missing gap in new supply chain? 8. Market enabler 5. Break-bulk 6. Bunkering & Clean Fuel 7. Off-grid demand LNG 4

5 Security of gas supply - availability Baltic-connector to Finland Klaipeda LNG terminal GIPL LATVIA 1.3 BCM/yr LITHUANIA 2.6 BCM/yr ESTONIA 0.6 BCM/yr Incukalns gas storage RUSSIA BELARUS Klaipeda LNGT, if needed, can cover: 100% demand of vulnerable customers in all three Baltic states 100% of demand in Lithuania 90% of all demand in the Baltics Klaipeda LNGT may deliver significant volumes of natural gas to Ukraine, if transit is permitted POLAND UKRAINE Third Party Access infrastructure Limited or no TPA GIPL (Gas interconnection Poland Lithuania) Possible gas flows from Klaipeda LNG terminal The European Commission (from the stress test report): <...>An example is the envisaged agreement between Estonia and Lithuania on the basis of which the protected customers of both countries will be served ahead of the non-protected customers in either country. <...> <...> The Commission welcomes the forthcoming commissioning of the Klaipeda LNG terminal in Lithuania. The existence of such infrastructure enabling supply diversification is vital both in order to diversify supply but also to ensure a more flexible gas network.<...> 5

6 1. Energy Security Ensured Security of Natural Gas Supply for the Whole Region Gas supply disruption 6 months, cold spell scenario Before the completion of LNG terminal > 50% 25 50% 10 25% 5 10% < 5% Full supply After the completion of LNG terminal and Klaipėda Kuršėnai pipeline Source: Energy Security Stress Test coordinated by the European Commission: Joint report by Estonia, Latvia, Lithuania and Finland ( adjusted by Klaipėdos Nafta to reflect post-stress Test conditions) 6

7 2. Global Natural Gas Prices A Cap for Natural Gas Prices in the Region EUR/ MWh 38 Average annual natural gas import price Klaipėda LNG Terminal is in Operation LNG price sets natural gas price cap H1 EU average RU-DE boarder Regional average Lithuania NBP+3.5 (LT, LV, EE, FI) Sources: NCC,GetBaltic, Latvijas Gaze, Elering, Energiavirasto, The ICE, Indexmundi, ycharts, x-rates.com Monthly prices are averaged to get the annual average price; Respective month exchange rates are used for currency conversions where needed; Reference for the last 3 months of 2015 H1 price in Lithuania is the GetBaltic fulfilled transaction weighted average price for transactions carried out within a month; 3.5 EUR/MWh are added to the NBP price to represent LNG shipping, supplier margin and any other additional costs; 10.4 MWh/1000 nm 3 natural gas for conversions where needed. 7

8 3. Reliability and Access Full TPA, Constant Operational Readiness and Transparency Terminal capacities are available through an open booking procedure Nm 3 /day Terminal User Unused capacity 10,000,000 Terminal User Unused capacity 8,000,000 6,000,000 Third Party Access infrastructure Terminal User Unused capacity 4,000,000 Terminal User 2,000,000 - Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Capacity available for traders Ensured minimum operational send-out 8

9 4. Flexibility and Cost Efficiency FSRU Most Flexible and Cost Efficient Gas Supply Solution FSRU (Floating Storage & Regasification Unit) Land-based terminal Low capital investment cost Short construction schedule Low construction risks Low environmental impact High flexibility 9

10 5. Break-Bulk Klaipėda LNG Terminal as a Hub to Meet Small-Scale Demand Gävle project Expected start-up: 2018 Size: 20,000-30,000 m 3 Nynäshamn project Operational from: 2011 Size: 20,000 m 3 Gothenburg project Expected start-up: 2017 Size: 9,600 m 3 Regional hub Expected start-up: 2017 Size: 5,000-6,000 m 3 Manga project Expected start-up: Size: 50,000 m 3 Rauma project Expected start-up: Size: 20,000 m 3 Pori project Expected start-up: 2016 Size: 30,000 m 3 Haminan project Expected start-up: Size: 20,000-30,000 m 3 Tallinn-Muuga project Expected start-up: 2017 Size: 2,000 m 3 Tallinn-Muuga project Expected start-up: 2017 Size: 5,000 m 3 10

11 6. Bunkering & Clean Fuel Klaipėda s Small Scale LNG to Meet Regional Bunkering Needs Boil-off gas is used up in the boiler plant Jetties can hold additional equipment Powerful fire-prevention equipment Existent electricity and air supply Qualified personnel Sufficient safety measures Hydrocarbons are being loaded into trucks Safe distance from neighbours LNG loading 11

12 7. Off-Grid Demand Small-Scale LNG Facility to Meet Gas Demand in Off-Grid Locations Ferry to Karlsham 500 km Current LNG consumption Potential LNG consumption 12

13 8. Market Enabler The LNG Terminal Is a Catalyst for Many Energy Sectors Industrial companies Regular source of energy LPG Biomass Diesel fuel Electricity Market Segments Heat District heating supply companies Vessels Source of peak energy Stand-by source of energy LNG Vehicles Buses/ trucks LNG fuel Cold energy Cars Compressed natural gas as a fuel Air separators Low temperature generation Food processing establishments Electricity generation competing source of energy 13

14 Summary Global Price Reliability & Access Regional energy security Flexibility & Cost Efficiency Break-bulk Missing gap in new supply chain Bunkering & Clean Fuel Market enabler Off-grid demand LNG 14

15 Contact details: Thank You for Your attention 15