Greece as a European Energy Gate

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1 Greece as a European Energy Gate Israel Energy & Business Convention 2012 Tel Aviv, October 28 29, 2012 A Presentation by Costis Stambolis, A.A. Dip. Grad., MIE, Executive Director Institute of Energy for S.E. Europe (IENE), Athens INSTITUTE OF ENERGY FOR SOUTH EAST EUROPE

2 Presentation Outline IENE and the S.E. European Energy Area European energy flows (Oil, Gas, Electricity, Solid Fuels) Greece s current energy mix and future outlook Greece at the epicentre of regional energy flows (oil, electricity, gas) International electricity interconnections Proposed regional gas corridors The importance and role of RES Some ideas concerning Greek Israeli cooperation in the energy sector

3 The South East Region Defined

4

5 SE Europe Basic Economic & Energy Parameters (2009) Population GDP Installed Electricity Capacity Oil Consumption Oil Production Gas Consumption Gas Production million USD billion MW bbl/day bbl/day BCMs BCMs

6 SE Europe Basic Economic & Energy Information (2009)

7 Oil and Gas Production and Consumption in SE Europe (2011 oil statistics, 2010 gas statistics)

8 Total Primary Energy Consumption in SE Europe Total Primary Energy consumption shares in SE Europe (2000) ,00 mtoe Total Primary Energy consumption shares in SE Europe (2009) ,00 mtoe

9 SE Europe Capacity Mix 2009,2020 Installed Electricity Capacity in GW Additional Capacity (GW) Oil 5,5 3,3-2,2 Solid Fuels 39,7 45,8 +6,1 Nuclear 3,5 10,3 +6,8 N. Gas 25,1 32,1 +7,0 Hydro 32,5 37,6 +5,.1 RES 4,1 14,5 +11,4 110,4 143,6 36,4

10

11 SE Europe as an Energy Bridge Natural Gas Current gas flows: East to West Potential additional gas flows: South to North and South to West Electricity Current flows: North to South and West to East Potential additional flows: South to North Oil Current flows: East to West Potential additional flows: South to West

12 Gas Routes and European Energy Security

13 EU-27 Gas Supply (2010)

14 Gas Trade in Europe, 2011 (bcm)

15 Oil flows worldwide, 2011 (mt)

16 Electricity flows, 2010 (Gwh)

17 ENTSO-E (formerly UCTE network) Albania and Turkey still not synchronized to the European network.

18 Map of Greece s Natural Gas Infrastructure, 2010

19 Map of Greece s Oil Infrastructure, 2010

20 Location of existing and proposed coal-fired plants, 2010

21 Greek Transmission Network

22

23 Electricity Installed Capacity in Greece Coal ,88% Oil ,18% Natural Gas ,94% CHP 104 0,61% Hydro ,75% RES ,65% TOTAL 17001,00 100,00% Electricity Installed Capacity in Greece, 2012 (Total Installed Capacity: MW) 17,65% 17,75% 0,61% 16,94% 30,88% 16,18% Coal Oil Natural Gas CHP Hydro RES

24

25 Total Primary Energy Supply

26 Local Energy Production by Source

27 Total Final Consumption by Source

28 Greece at the Epicenter of Regional Energy Flows Electricity interconnections to all neighbouring countries allow for sizeable flows from North (Bulgaria, Romania) to South (Greece), from East to West and West to East (Greece to Turkey) and from South to North (Greece to Albania) and from East to West (Greece to Italy) Greece has three (3) gas gates (a) The Greek-Turkish interconnector carries Azeri and Turkish gas to Greece (b) The Russian built main gas pipeline brings gas from Russia to Greece via Bulgaria (c) The LNG terminal at Revithoussa brings in gas from Algeria and elsewhere The coal terminal at Milaki allows steam coal imports largely used by industry The Thessaloniki Skopje oil pipeline provides for crude and oil products movement from Thessaloniki to the OKTA refinery in FYROM Oil terminal and corresponding oil storage facilities in Aspropyrgos, Elefsis, Agioi Theodori (Corinth) and Thessaloniki allow crude and oil product imports and exports. Secondary oil terminals in Crete, Rhodes, Corfu and elsewhere

29 Existing, under construction and planned electricity interconnections

30 Net Electricity Flows

31 Planned electricity interconnection in Cyclades complex

32 The planned electricity interconnection between Crete and continental Greece

33 Proposed international electricity interconnections

34 The main geotectonic features in the East Mediterranean Sea

35 Areas of Interest

36

37 OIL Upstream Sector Exploration and Drilling

38

39 South Corridor Map

40 The South Corridor

41

42

43

44

45

46

47

48

49 Some Ideas on Greek Israeli Co-operation in the Energy Sector I. Areas of interest Upstream oil and gas Oil and gas trading Electricity transfers and trading Renewable energy sources Regional energy exchange Energy security II. Approach Co-operation at government level including regulatory authorities Co-operation between think tanks, research institutes and academic institutions Co-operation between individual companies Cross holdings in energy companies and projects Joint energy security council

50 Thank you for your attention

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