GREEK NATURAL GAS MARKET: From Birth to Maturity. May, 2014

Size: px
Start display at page:

Download "GREEK NATURAL GAS MARKET: From Birth to Maturity. May, 2014"

Transcription

1 GREEK NATURAL GAS MARKET: From Birth to Maturity May, 2014

2 The Natural Gas in Greece An exciting journey 1987 Intergovernmental agreement between USSR and Greece signed 1988 Intergovernmental agreement between Algeria and Greece signed 1998 Establishment of DEPA 1991 Establishment of Prometheus GAS 1994 First gas supply contract signed between DEPA and PPC 1995 First law regulating natural gas market ratified (law 2364) 1995 Completion of the main pipeline 1996 First Russian Gas entering the Greek system through the Sidirokastro entry point and delivered to the Hellenic Sugar Company 2000 Completion of the Revythoussa LNG terminal and first Algerian LNG deliveries made Establishment of the 3 gas distribution companies 2003 Intergovernmental agreement between Turkey and Greece signed 2007 Establishment of DESFA Greek Gas Transmission System operator 2007 ITG completed First gas deliveries from Turkey 2014 Renewal of the gas supply contract with Gazprom for yrs 2

3 The Greek National Natural Gas Transmission System (NNGS) 3 Entry, 39 Exit points Entry Points: Sidirokastro (GR-BG Border) Kipi (GR-TR Border) Revythoussa LNG Terminal Pipeline network of 1291 km 512 km main 779 km branches (another 150 km in 2015) DESFA data ENTSOG Gas network map

4 National Natural Gas System Technical Capacities Greece Bulgaria: (Nm 3 /d) Greece Turkey: (Nm 3 /d) Revythoussa LNG Terminal: (Nm 3 /d) Total: (Nm 3 /d) Note: Nm 3 refers to 0 o C and 1 atm LNG Terminal technical data: Total LNG storage capacity: m 3 Maximum LNG unloading rate: 7.250m 3 /h Sustained Maximum LNG re-gas Rate: 1.000m 3 /h Peak LNG re-gas Rate: 1250m 3 /h DESFA data

5 Regulatory and Legislative Framework 2009: Directive 2009/73/EC on Common rules for the internal market in natural gas Regulation 715/2009 on Conditions for access to natural gas transmission networks 2010: Ministerial Decree 5346/2010 on Network Code for the Management of NNGS (with later amendments latest 2013) RAE Decision 611/2010 on Approval of Gas Transportation Agreements and LNG Facility Usage Ministerial Decree 5815/2010 on Natural Gas on License Regulation 2011: Law 4001/2011 for the Operation of Electricity and Gas Energy Markets (harmonization with Directive 2009/73/EC) 2012: Ministerial Decrees 594/2012 & 722/2012 on Tariff Regulation & Tariffs for the use of NNGS respectively 5

6 Legislative Framework Access to the Natural Gas Supply Access to NNGS Entities registered in the NNGS Users Registry (includes suppliers, shippers, operators) GTAs or LNG Terminal Use Agreements Regulated Tariffs Entry-Exit system Natural Gas Licenses National Natural Gas System License Independent Natural Gas System License Natural Gas Supplier License Natural Gas Distribution License (Gas Distribution Companies GDCs) Consumer supply options Eligible customers Consumers over 100 Gwh p.a. (Power producers, Industrial, etc.) Gas Distribution Companies (over contracted volumes from DEPA and post DEPA supply contract expiry) CNG supply sites (networks) Other consumers located outside existing GDC s geographical boundaries 6

7 3 Companies in Operation Gas Distribution Companies (GDCs) Attiki (Athens) (2001) Thessaloniki (2000) Thessalia (2000) 30-year exclusive license Currently DEPA single supplier Scope of activities Exclusive rights for: Operation, maintenance and expansion of city networks Gas distribution to residential, commercial and industrial customers (< 100 GWh) within the GDCs geographical area Thessalia Thessaloniki Attiki Shareholding structure DEPA (51%) Private investors (49%) Attica (Shell Gas) Thessaloniki & Thessaly (Eni)

8 Gas Distribution Companies Consumption data GDCs Consumption (Nm 3 ) EPA Thessalonikis (Nm3) EPA Thessalias (Nm3) EPA Attikis (Nm3) mil. Nm Total EPAs (Nm3) Year GDCs data

9 Greek Natural Gas Market Supply Structure 3 long term gas supply contracts between DEPA and: Additional LNG supplies from global spot market DEPA data

10 Imports deregulation Milestone: Approval of GTAs and LNG facility Usage contracts First private LNG cargo unloading at Revythoussa terminal (May 2010) Enabling new gas importers in the Greek gas market through LNG facility Natural gas injected in NNGS in 2009 Natural gas injected in NNGS in 2012 LNG Russian gas Azeri gas (GR-TR border) LNG Russian gas Azeri gas (GR-TR border) Pipeline Gas remains the main supply option Third Party Access to LNG terminal increased LNG imports 10 DESFA data

11 Spot LNG imports in Greece SPOT LNG VOLUMES IMPORTED IN GREECE mil. Nm OTHERS DEPA YEARS 11

12 Imports by supply source: NATURAL GAS IMPORTS PER ORIGIN Total (bln Nm 3 ) Natural Gas supply % 100% 90% 80% 70% 60% 50% 40% 30% 20% 2% 16% 81% 9% 8% 8% 13% 13% 1% 10% 14% 20% 17% 15% 16% 15% 12% 14% 76% 66% 57% 59% 54% 18% 14% 13% 55% 17% 17% 65% SPOT BOTAS SONATRACH GAZPROM 10% 0% Years 12

13 Domestic natural gas consumption per sector: Power Generation Industry GDCs Quantities in Nm 3 13 DESFA data

14 Greek Natural Gas market Total domestic consumption 2013 Total natural gas consumption: 3,7 bln Nm natural gas consumption per sector DEPA data

15 CNG as a vehicle fuel Current status & future planning DEPA supplies with compressed natural gas 600 public transportation buses and 102 municipality garbage collection vehicles (started 2001) DEPA establishes FYSIKON in co-operation with HELPE for the development of CNG as vehicle fuel (2013) 4 refueling stations in Athens and 1 in Thessaloniki now open to all CNG vehicles (dual or bi-fuel technology) Promotion programme in cooperation with VW (vehicle purchase subsidization) Small number of CNG fuelled taxis introduced Expansion of CNG retail network across the country (main highways and major cities) Joint initiatives with other municipalities Introduction of new players in the market

16 The future of the Greek Natural Gas Market Forecast of Natural Gas Consumption in Greece: ,5 bln Nm 3 (0 o C) 5 4,5 4 3,5 3 2,5 2 1,5 3,399 3,522 4,107 4,368 4,650 4,508 4,806 4,446 4,580 4,779 Total Demand Power Generation 1 0, Years Basis: DESFA 10 yr development plan

17 The future in Gas Distribution 3newGDCtobeestablished: Eastern Macedonia - Thrace Central Macedonia Central Greece (Sterea Ellada) Evia 2 unsuccessful attempts (2012, 2013) Reform of the regulatory framework Applies to the existing and future GDCs Unbundling of network operation and distribution/marketing Transition to full eligibility for all gas customers (gradual) Phase out of the exclusivity regime Issuance of new Distribution Licenses Transition to regulated Tariffs TPA rules for the distribution network Eastern Macedonia - Thrace Central Macedonia Central Greece (Sterea Ellada) - Evia

18 New Domestic Infrastructures 1. NNGS Continuous expansion and upgrading Enhance security of supply Respond to future domestic and regional demand Recently Completed Projects Kavala UGS Compressor in Nea Mesimvria Extension to Aliveri PPC plant Ongoing Projects Expansion to Peloponnese - Connection with Megalopolis PPC power plant Upgrade of Revythoussa LNG terminal o New m 3 storage tank o Upgrade of vessel receiving facilities o Increase gasification rate (+40%) 2. Other UGS South Kavala Conversion of depleted gas field to UGS o 2 x 360 mil m 3 o Concession project > Nov

19 New Infrastructures - International projects GREECE BULGARIA INTERCONNECTION (IGB) Shareholders Pipeline interconnecting Greek and Bulgarian gas systems, allowing bidirectional flow between Komotini (GR) and Stara Zagora (BG) Capacity: 3 up to 5 bcm/y 19

20 New Infrastructures - International projects TRANS ADRIATIC PIPELINE (TAP) Shareholders: BP (20%), SOCAR (20%) Statoil (20%), Fluxys (16%), Total (10%), E.ON (9%), Axpo (5%) TAP will transport natural gas from Shah Deniz II field in Azerbaijan Total Length 870km: Greece 550km, Albania 210km, Offshore Adriatic Sea 105km, Italy 5km Initial Capacity: 10 bcm/y o Designedtoexpandupto20bcm/y TAP has secured TPA exemption for the initial capacity of 10bcm/y on forward flow Start up:

21 LNG Bunkering IMO regulations imposing reductions on marine fuel emissions Outside SECAs as of 2020 Greek Passenger Shipping companies facing severe cost challenges Ministry of Maritime Affairs investigating possibilities for LNG use in marine bunkering Regulatory and Legislative framework to be developed Several initiatives involving shipping stakeholders and class societies Passenger ship market at Piraeus port estimated at m 3 of LNG 21

22 THANK YOU

Greece s Role as the Emerging Energy Hub of South- Eastern Europe: DESFA s Role and Perspectives

Greece s Role as the Emerging Energy Hub of South- Eastern Europe: DESFA s Role and Perspectives Greece s Role as the Emerging Energy Hub of South- Eastern Europe: DESFA s Role and Perspectives By: Konstantinos E. Maroulis General Manager Director of Gas Transmission, Administration & Finance Hellenic

More information

History. The introduction of natural gas into Greece

History. The introduction of natural gas into Greece History The introduction of natural gas into Greece was made possible thanks to a strong national effort that initiated in the early 1980s and still goes on. Natural gas diversified and upgraded the overall

More information

GREEK NATIONAL NATURAL GAS SYSTEM (NNGS): DEVELOPMENTS AND PROSPECTS. Nikos Katsis Energy Community 5 th Gas Forum, Slovenia 14 September 2010

GREEK NATIONAL NATURAL GAS SYSTEM (NNGS): DEVELOPMENTS AND PROSPECTS. Nikos Katsis Energy Community 5 th Gas Forum, Slovenia 14 September 2010 GREEK NATIONAL NATURAL GAS SYSTEM (NNGS): DEVELOPMENTS AND PROSPECTS Nikos Katsis Energy Community 5 th Gas Forum, Slovenia 14 September 2010 2 Contents DESFA s Profile Natural Gas Outlook Regulatory Progress

More information

Figure 1: Gross inland energy consumption mix 2008-2012 (source: Eurostat)

Figure 1: Gross inland energy consumption mix 2008-2012 (source: Eurostat) Greece Key Issues prices were fully liberalised in July 2013 but no effective entry into the market has taken place and the incumbent electricity company remains the dominant supplier as a result. prices

More information

REPORT ΟΝ THE SECURITY OF NATURAL GAS SUPPLY IN GREECE

REPORT ΟΝ THE SECURITY OF NATURAL GAS SUPPLY IN GREECE REPORT ΟΝ THE SECURITY OF NATURAL GAS SUPPLY IN GREECE According to the provisions of article 4 of Law 3428/2005, concerning the Liberalisation of the Natural Gas Market ATHENS JANUARY 2009 REGULATORY

More information

EXPORTING CASPIAN GAS TO SEE AND THE EU THE ITGI PROJECT. Marco Margheri Edison SpA Head of EU Affairs Ljubljana, Sept.. 11, 2009

EXPORTING CASPIAN GAS TO SEE AND THE EU THE ITGI PROJECT. Marco Margheri Edison SpA Head of EU Affairs Ljubljana, Sept.. 11, 2009 EXPORTING CASPIAN GAS TO SEE AND THE EU THE ITGI PROJECT Marco Margheri Edison SpA Head of EU Affairs Ljubljana, Sept.. 11, 2009 AGENDA WHO WE ARE (BRIEFLY ) THE CONTEXT: EU GAS SCENARIOS THE ITGI PROJECT:

More information

TAP from development to project execution

TAP from development to project execution TAP from development to project execution Michael Hoffmann, External Affairs Director 8 th Annual European Gas Summit, Platts Berlin, 30 September 2014 8 th Annual European Gas Summit 2 Southern Gas Corridor

More information

1. EXECUTIVE SUMMARY AND KEY RECOMMENDATIONS

1. EXECUTIVE SUMMARY AND KEY RECOMMENDATIONS 1. EXECUTIVE SUMMARY AND KEY RECOMMENDATIONS EXECUTIVE SUMMARY Energy policy in Greece has the potential to make a significant contribution to the country s economic recovery. Increasing competition and

More information

May 2016 Southern Gas Corridor

May 2016 Southern Gas Corridor May 2016 Southern Gas Corridor Delivering Azerbaijani Gas to Europe Overview of the Southern Gas Corridor The SGC Project is one of the world s largest gas sector developments with an estimated investment

More information

Interconnecting Albania in the Eurasia Gas Corridor

Interconnecting Albania in the Eurasia Gas Corridor REPUBLIC OF ALBANIA MINISTRY OF ECONOMY, TRADE AND ENERGY National Agency of Energy Interconnecting Albania in the Eurasia Gas Corridor Transit and Trade Meeting 17-18 May BULGARIA BULGARIA Artan Leskoviku

More information

Greece s Contribution to the Diversification of Supplies and Routes in SE Europe

Greece s Contribution to the Diversification of Supplies and Routes in SE Europe Greece s Contribution to the Diversification of Supplies and Routes in SE Europe Dimitrios E. Manolis International Projects Deputy Division Head DEPA S.A. Istanbul, 11 November 2015 Realities and challenges

More information

NATURAL GAS SUPPLY SECURITY OF TURKEY AND ITS REGIONAL IMPACTS

NATURAL GAS SUPPLY SECURITY OF TURKEY AND ITS REGIONAL IMPACTS NATURAL GAS SUPPLY SECURITY OF TURKEY AND ITS REGIONAL IMPACTS Overview Kuddusi Atalay, İGDAŞ, Phone +90 212 499 20 95, E-mail: katalay@igdas.com.tr Turkey is one of the regional players that desire dependency

More information

Bulgarian natural gas sector development Regulator s point of view

Bulgarian natural gas sector development Regulator s point of view Bulgarian natural gas sector development Regulator s point of view Petya Ivanova Gas Department SEWRC, Bulgaria pivanova@dker.bg Sofia, 28-29 March 2012 1 SEWRC s tasks in conjunction with European legislation

More information

ENERGY POLICY OF GREECE Developments in the Energy Sector

ENERGY POLICY OF GREECE Developments in the Energy Sector ENERGY POLICY OF GREECE Developments in the Energy Sector 2004-2007 by Nikos Stefanou General Secretary, Ministry of Development There is no doubt that, over the last years, energy has been the center

More information

P R O J E C T S L I S T O F F E R E D S E R V I C E S

P R O J E C T S L I S T O F F E R E D S E R V I C E S BUDGET ( MANAGEMENT CONTROL 1 IGI POSEIDON IGI POSEIDON PROVISION OF FEASIBILITY STUDY SERVICES FOR THE EASTERN MEDITERRANEAN NATURAL GAS PIPELINE (EAST- MED (in Consortium 2015 2016 2 TRANSADRIATIC PIPELINE

More information

The Turkey-Greece-Italy Interconnection Project. MINI GAS FORUM Vienna, 13 October 2006

The Turkey-Greece-Italy Interconnection Project. MINI GAS FORUM Vienna, 13 October 2006 The Turkey-Greece-Italy Interconnection Project MINI GAS FORUM Vienna, 13 October 2006 1 Estimated World Gas Reserves North America 6.1 Europe 7.3 FSU 50.4 Middle-East 52.8 Latin America 7.4 Africa 10.6

More information

The Aegean LNG and the IGB Pipeline

The Aegean LNG and the IGB Pipeline The EU-BALKAN SUMMIT PAVING THE WAY TO RECOVERY AND GROWTH Sofia, 17 & 18 October 2013 The Aegean LNG and the IGB Pipeline Two highly important projects for the Balkans energy security and gas market integration

More information

Gas Interconnector Greece-Bulgaria (IGB Project) an alternative supply route to South East Europe by 2014

Gas Interconnector Greece-Bulgaria (IGB Project) an alternative supply route to South East Europe by 2014 1 Gas Interconnector Greece-Bulgaria (IGB Project) an alternative supply route to South East Europe by 2014 Jordan Georgiev Deputy-Chairman ICGB AD Athens, 28 March, 2012 2 Bulgaria develops key regional

More information

Presentation content

Presentation content 5 TH SOUTH EAST EUROPE ENERGY DIALOGUE Thessaloniki, 2 & 3 June 2011 Meeting the Gas Supply and Market Integration Challenges in SE Europe Spiros Paleoyannis Vice Chairman & Deputy CEO, DEPA S.A. Presentation

More information

TURKISH GAS NETWORK & PIPELINES RECENT DEVELOPMENTS

TURKISH GAS NETWORK & PIPELINES RECENT DEVELOPMENTS TURKISH GAS NETWORK & PIPELINES RECENT DEVELOPMENTS Öztürk SELVITOP Head of Department 4 th GAS FORUM 10-11 11 September 2009 Ljubljana - SLOVENIA Strategies in the Energy Sector Major Aspects Exploration

More information

THE SOUTHERN GAS CORRIDOR

THE SOUTHERN GAS CORRIDOR Energy July 2013 THE SOUTHERN GAS CORRIDOR The recent decision of The State Oil Company of the Azerbaijan Republic (SOCAR) and its consortium partners to transport the Shah Deniz gas through Southern Europe

More information

Snam Rete Gas Ten-Year Development Plan

Snam Rete Gas Ten-Year Development Plan Snam Rete Gas Ten-Year Development Plan Ten-year development plan of the natural gas transmission network 2014-2023 Ing. Michele Ricciardi S. Donato M.se, 14 May 2014 snam.it What is the SRG Ten-Year Development

More information

Gas distribution and the Greek case

Gas distribution and the Greek case Gas distribution and the Greek case Gerasimos Avlonitis Head of Energy Systems Analysis Department The Energy Community Gas Distribution Conference Zagreb 25.09.2008 Outline The Regulatory Context The

More information

Chapter 11. Liberalisation of the European Natural Gas Market: Myth or Reality? Evidence from Greece

Chapter 11. Liberalisation of the European Natural Gas Market: Myth or Reality? Evidence from Greece Research Topics in Agricultural and Applied Economics (Volume 1) 168-183 168 Chapter 11. Liberalisation of the European Natural Gas Market: Myth or Reality? Evidence from Greece Irene Fafaliou University

More information

COMPETITIVE ELECTRIC ENERGY MARKET IN GREECE

COMPETITIVE ELECTRIC ENERGY MARKET IN GREECE NATIONAL TECHNICAL UNIVERSITY OF ATHENS (NTUA) GREECE COMPETITIVE ELECTRIC ENERGY MARKET IN GREECE EVANGELOS DIALYNAS Professor NTUA Director of Electric Power Division 1 Competitive Electric European

More information

Scope of work GLE Small Scale LNG STUDY: Map of the small scale LNG infrastructure in Europe

Scope of work GLE Small Scale LNG STUDY: Map of the small scale LNG infrastructure in Europe Scope of work GLE Small Scale LNG STUDY: Map of the small scale LNG infrastructure in Europe 1. Who we are Gas LNG Europe (GLE) currently comprises 14 European LNG terminal operators from 9 countries,

More information

Presentation of natural gas energy sector in Bulgaria

Presentation of natural gas energy sector in Bulgaria STATE ENERGY REGULATORY COMMISSION - BULGARIA Presentation of natural gas energy sector in Bulgaria Contents: ANGEL SEMERDJIEV Commissioner 1. General overview of natural gas sector 2. Market structure

More information

Natural Gas in Turkey Today and Tomorrow

Natural Gas in Turkey Today and Tomorrow Natural Gas in Turkey Today and Tomorrow Dr. Matthias Keuchel General Manager, Enerjisa Natural Gas Co. EBC WORKING COMMITTEE ENERGY, Athens, 30 May 2014 ENERJISA AT A GLANCE 2 ENERJISA - Largest Private

More information

FINNGULF LNG LNG IMPORT TO FINLAND

FINNGULF LNG LNG IMPORT TO FINLAND FINNGULF LNG LNG IMPORT TO FINLAND CLEANLY WITH NATURAL ENERGY GASES Gasum is a Finnish expert in natural energy gases. We import natural gas to Finland, and transmit and supply it for energy production,

More information

Infrastructure, market and regulatory developments in Poland and CEE

Infrastructure, market and regulatory developments in Poland and CEE Infrastructure, market and regulatory developments in Poland and CEE 7 th Annual European Gas Summit Vienna, 19 th of September 2013 Piotr Kus, Director, Brussels Office Gas Transmission Operator GAZ-SYSTEM

More information

IGB: Opening new import route to SEE. Redefining SE Europe s Energy Map

IGB: Opening new import route to SEE. Redefining SE Europe s Energy Map IGB: Opening new import route to SEE Fabio Santambrogio Redefining SE Europe s Energy Map Thessaloniki, May 30th & 31st, 2012 AGENDA SEE Long Term Gas Import Requirements ITGI-IGB IGB System: a multi-source

More information

IGB PIPELINE MARKET TEST EXPRESSION OF INTEREST PHASE NOTICE (December 2015)

IGB PIPELINE MARKET TEST EXPRESSION OF INTEREST PHASE NOTICE (December 2015) IGB PIPELINE MARKET TEST EXPRESSION OF INTEREST PHASE NOTICE (December 2015) In accordance with the "Updated Guidelines for management and allocation of capacity on the IGB INTERCONNECTOR according to

More information

E n e r g y, N a t u r a l R e s o u r c e s & E n v i r o n m e n t - J u n e 2 0 1 3

E n e r g y, N a t u r a l R e s o u r c e s & E n v i r o n m e n t - J u n e 2 0 1 3 Rokas E n e r g y N e w s f l a s h 1 sst t IISSUE International Law Firm E L E C T R I C I T Y Restructuring and privatization of PPC Proposals for reducing industrial energy costs Ownership Unbundling

More information

We use Natural Gas as a fuel

We use Natural Gas as a fuel We use Natural Gas as a fuel G. Chatzopoulos, S. Economidis / for 4th European keeping Conference the on ICT environment for Transport Logistics clean 1 THE EXISTING INFRASTRUCTURE 2 MARKET SEGMENTS CNG

More information

Balkan Gas Hub Concept

Balkan Gas Hub Concept Balkan Gas Hub Concept and its role in the EU's Internal Energy Market European Commission Varna, September 5, 2016 A warm welcome to Varna Thank you for your interest in the 'Balkan Gas Hub' project Agenda

More information

Supplier networking event EPC Onshore Pipeline and EPC Stations

Supplier networking event EPC Onshore Pipeline and EPC Stations Supplier networking event EPC Onshore Pipeline and EPC Stations 21/22 January 2015 Cecilia Wagner, Local Content Manager Alexandroupolis & Thessaloniki, Greece Supplier Networking Events - 21/22 January

More information

FORECAST OF THE TECHNICAL CAPACITY FOR THE ENTRY POINTS OF THE NATIONAL NATURAL GAS TRANSMISSION SYSTEM (NNGTS) FOR THE YEARS

FORECAST OF THE TECHNICAL CAPACITY FOR THE ENTRY POINTS OF THE NATIONAL NATURAL GAS TRANSMISSION SYSTEM (NNGTS) FOR THE YEARS FORECAST OF THE TECHNICAL CAPACITY FOR THE ENTRY POINTS OF THE NATIONAL NATURAL GAS TRANSMISSION SYSTEM (NNGTS) FOR THE YEARS 2017-2026 13/6/2016 According to paragraph 3.3.5 of Annex I of Regulation (EC)

More information

The LNG storage business and associated costs. Enagás Gas Assets General Management

The LNG storage business and associated costs. Enagás Gas Assets General Management The LNG storage business and associated costs Enagás Gas Assets General Management Index About Enagás and its LNG capacities LNG storage & associated costs New LNG terminals Onshore vs Offshore 2 45 years

More information

Gas markets and supplies from the former I Soviet Union area. IEA 2013 Energy Training Week Marc-Antoine Eyl-Mazzega Russia Programme Manager

Gas markets and supplies from the former I Soviet Union area. IEA 2013 Energy Training Week Marc-Antoine Eyl-Mazzega Russia Programme Manager Gas markets and supplies from the former I Soviet Union area IEA 2013 Energy Training Week Marc-Antoine Eyl-Mazzega Russia Programme Manager Outline 1. Russia: energy sector transformation Gas market snapshot

More information

MARINE TRANSPORTATION OF NATURAL GAS: LNG versus CNG. Dr. Marius Eugen OPRAN MEMBER OF THE EXECUTIVE BUREAU

MARINE TRANSPORTATION OF NATURAL GAS: LNG versus CNG. Dr. Marius Eugen OPRAN MEMBER OF THE EXECUTIVE BUREAU MARINE TRANSPORTATION OF NATURAL GAS: LNG versus CNG Dr. Marius Eugen OPRAN MEMBER OF THE EXECUTIVE BUREAU Case Study : AZ NG FLOATING DELIVERIES via GE - to BG & to RO o ONE SUPPLIER AZ: Max. 8 Bn CM/Y

More information

Key Energy Challenges for Bulgaria

Key Energy Challenges for Bulgaria Key Energy Challenges for Bulgaria Presentation at Initiative 2020 Sofia, April 15, 2009 Hinderikus Busz Energy and Infrastructure Advisor World Bank What are the Key Energy Challenges? I. Increasing Security

More information

Zeebrugge LNG terminal:

Zeebrugge LNG terminal: 17 th INTERNATIONAL CONFERENCE & EXHIBITION ON LIQUEFIED NATURAL GAS (LNG 17) 17 th INTERNATIONAL CONFERENCE & EXHIBITION ON LIQUEFIED NATURAL GAS (LNG 17) Zeebrugge LNG terminal: from regas

More information

The integration of the energy markets and the answer for the competitiveness

The integration of the energy markets and the answer for the competitiveness The integration of the energy markets and the answer for the competitiveness 4th National Conference on Chemistry & Energy Milan, 23 October 2013 Alberto Biancardi Commissioner Italian Authority for Electricity

More information

THE PRIVATISATION OF THE PUBLIC POWER CORPORATION OF GREECE A BRIEF PRESENTATION

THE PRIVATISATION OF THE PUBLIC POWER CORPORATION OF GREECE A BRIEF PRESENTATION THE PRIVATISATION OF THE PUBLIC POWER CORPORATION OF GREECE A BRIEF PRESENTATION S. TRAVLOS - JULY 2012 PPC A SHADOW OF ITS PAST PPC controls 70% of the wholesale market and 99% of the retail market. It

More information

Fluxys Zeebrugge LNG Terminal

Fluxys Zeebrugge LNG Terminal Fluxys Zeebrugge LNG Terminal 7 November 2013 Fluxys: gas infrastructure company for Europe BBL INTERCONNECTOR NEL TERMINAL GNL DUNKERQUE TENP TRANSITGAS Transmission Storage LNG terminalling 2 Fluxys

More information

Greece as a European Energy Gate

Greece as a European Energy Gate 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

More information

Central and South-Eastern European Gas Connectivity (CESEC) High Level Group

Central and South-Eastern European Gas Connectivity (CESEC) High Level Group Central and South-Eastern European Gas Connectivity (CESEC) High Level Group 5 th Romanian Energy Day European Parliament Catharina Sikow-Magny Head of Unit B.1 (Networks and Regional Initiatives) DG Energy

More information

Natural gas in the Netherlands. Wim van t Hof Gas Coordinator - Energy Market Directorate

Natural gas in the Netherlands. Wim van t Hof Gas Coordinator - Energy Market Directorate Natural gas in the Netherlands Wim van t Hof Gas Coordinator - Energy Market Directorate Overview of presentation The Netherlands: a gas country - facts and figures - outlook gas production - major players

More information

NATURAL GAS PENETRATION IN THE LIGHT OF NEW ALBANIAN ENERGY STRATEGY

NATURAL GAS PENETRATION IN THE LIGHT OF NEW ALBANIAN ENERGY STRATEGY NATURAL GAS PENETRATION IN THE LIGHT OF NEW ALBANIAN ENERGY STRATEGY Natural Gas Production, Importing, Transmission and Distribution Capacities Natural Gas Production Capacities The domestic gas production

More information

Bulgarian gas market through the eyes of the largest private national investor in the gas sector - Overgas Inc.

Bulgarian gas market through the eyes of the largest private national investor in the gas sector - Overgas Inc. Bulgarian gas market through the eyes of the largest private national investor in the gas sector - Overgas Inc. Experience Innovation Reliability Establishment: Overgas Inc. AD was established in 1992.

More information

Gas Export and Enhancing Reliability of Gas Supply to Europe

Gas Export and Enhancing Reliability of Gas Supply to Europe Gas Export and Enhancing Reliability of Gas Supply to Europe Press Conference, June 3, 2014 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

More information

Removing LNG Barriers on EU Gas Market Comparison East-West markets

Removing LNG Barriers on EU Gas Market Comparison East-West markets Removing LNG Barriers on EU Gas Market Comparison East-West markets Piotr Kuś, Director, Brussels Office GAZ-SYSTEM S.A. CEER Workshop Athens, 12 September 2016 AGENDA 1 GAZ-SYSTEM facts & figures 2 Natural

More information

LNG bunkering market perspectives, challenges and trends

LNG bunkering market perspectives, challenges and trends LNG bunkering market perspectives, challenges and trends Moscow 31 March 2015 Sergiu Maznic Full-picture perspective Sund Energy helps navigate into the energy future Energy Economics Environment Learning

More information

October 06, 2016 (Slovakia) Bulgartransgaz EAD Network Development Plans

October 06, 2016 (Slovakia) Bulgartransgaz EAD Network Development Plans October 06, 2016 (Slovakia) Bulgartransgaz EAD Network Development Plans General overview Bulgartransgaz EAD is the Bulgarian combined gas operator. The company holds long-standing experience in gas transmission

More information

The River Devoll Project

The River Devoll Project EVN Hydropower Development in Albania The River Devoll Project Dr. Michael Laengle, CFO Agenda > EVN Overview and strategy > Albania Electricity market in SEE > The River Devoll project 2 Company profile

More information

CESEC Energy Community- Monitoring of Action Plan

CESEC Energy Community- Monitoring of Action Plan CESEC Energy Community- Monitoring of Action Plan Branislava Marsenic 10th Gas Forum, 6 October 2015, Ljubljana Energy PHLG Meeting, Community 17 Secretariat December 2015, Vienna 1 CESEC meets Energy

More information

CONTRIBUTION OF TAP TO THE ITALIAN ECONOMY

CONTRIBUTION OF TAP TO THE ITALIAN ECONOMY Analysis No. 256, June 2014 CONTRIBUTION OF TAP TO THE ITALIAN ECONOMY Matteo Verda The decision of building the Trans Adriatic Pipeline (TAP) represented a major breakthrough in the development of the

More information

PREVENTIVE ACTION PLAN

PREVENTIVE ACTION PLAN PREVENTIVE ACTION PLAN The present plan is drawn upon the requirements of Article 5, paragraph 1 of the Regulation (EU) 994/2010 of the European Parliament and of the Council of October 20th 2010 concerning

More information

Methanizing the Mediterranean Area.

Methanizing the Mediterranean Area. Methanizing the Mediterranean Area. TRIESTE & ROME 10-11/06/2015 FROM NORTH AND BALTIC SEA TO THE MEDITERRANEAN THE DEVELOPMENT OF A LNG CHAIN Tord johnsson Area, Business development manager, Europe &

More information

11th GAS FORUM - Energy Community Ljubljana, September Turkey potential gas market and trading opportunities

11th GAS FORUM - Energy Community Ljubljana, September Turkey potential gas market and trading opportunities 11th GAS FORUM - Energy Community Ljubljana, 22-23 September 2016 Turkey potential gas market and trading opportunities European Federation of Energy Traders Jan Haizmann EFET Board Member and Legal Committee

More information

LIBERALISING THE NATURAL GAS MARKET IN ITALY

LIBERALISING THE NATURAL GAS MARKET IN ITALY The Adam Smith Society, Milan Regulatory Lecture of March 24, 2003 LIBERALISING THE NATURAL GAS MARKET IN ITALY by Sergio F. Garribba, Commissioner The Regulatory Authority for Electricity and Gas (Autorità

More information

G & P Business Trends. Luciano Sgubini Chief Operating Officer Gas & Power Division

G & P Business Trends. Luciano Sgubini Chief Operating Officer Gas & Power Division G & P Business Trends Luciano Sgubini Chief Operating Officer Gas & Power Division January 2003 Gas & Power Strategy Italy Abroad! Generating profit in a competitive and regulated gas & power market! Building

More information

GLE Position paper: GLE s views on Small Scale LNG

GLE Position paper: GLE s views on Small Scale LNG GLE Position paper: GLE s views on Small Scale LNG Av. de Cortenbergh 100 B 1000 Brussels Tel +32 2 209 0500 Fax +32 2 209 0501 11GLE136 gie@gie.eu.com www.gie.eu.com Who is GLE? Gas LNG Europe (GLE) is

More information

WATER MANAGEMENT IN BULGARIA. Atanaska Tuntova at_tuntova@abv.bg Director of East Aegean River Basin Directorate, Bulgaria

WATER MANAGEMENT IN BULGARIA. Atanaska Tuntova at_tuntova@abv.bg Director of East Aegean River Basin Directorate, Bulgaria WATER MANAGEMENT IN BULGARIA Atanaska Tuntova at_tuntova@abv.bg Director of East Aegean River Basin Directorate, Bulgaria The national water management in Bulgaria has a long history Common state water

More information

Yusuf YAZAR Deputy Undersecretary Ministry of Energy and Natural Resources. 19 October 2010

Yusuf YAZAR Deputy Undersecretary Ministry of Energy and Natural Resources. 19 October 2010 Turkey s role as an energy bridge between the Caspian and Middle East regions to Europe Yusuf YAZAR Deputy Undersecretary Ministry of Energy and Natural Resources 19 October 2010 Demand for Primary Energy

More information

NATURAL GAS PROJECTS IN TÜRKİYE RECENT DEVELOPMENTS. UNECE-Sixteenth Session of the Working Party on Gas January 2006

NATURAL GAS PROJECTS IN TÜRKİYE RECENT DEVELOPMENTS.  UNECE-Sixteenth Session of the Working Party on Gas January 2006 Slide 1 UNECE-Sixteenth Session of the Working Party on Gas 24-25 January 2006 NATURAL GAS PROJECTS IN TÜRKİYE RECENT DEVELOPMENTS Hülya AKTAN Technical Expert Strategy and Business Development Department

More information

Liberalising natural gas in Turkey

Liberalising natural gas in Turkey www.pwc.com.tr Liberalising natural gas in Turkey February 2014 Contents Growing demand 4 Supply security 5 Market liberalization 7 Infrastructure Constraints 10 Welcome Murat Çolakoglu Energy, Utilities

More information

LNG, A GLOBAL COMMODITY AND THE GREEK CASE. Panayotis Kanellopoulos Executive Director, Head of Natural Gas

LNG, A GLOBAL COMMODITY AND THE GREEK CASE. Panayotis Kanellopoulos Executive Director, Head of Natural Gas LNG, A GLOBAL COMMODITY AND THE GREEK CASE Panayotis Kanellopoulos Executive Director, Head of Natural Gas LNG, A Global Commodity LNG accounts for a relatively small amount of total gas exports, around

More information

GAS AS A PART OF SMART ENERGY SYSTEM

GAS AS A PART OF SMART ENERGY SYSTEM GAS AS A PART OF SMART ENERGY SYSTEM GASUM GAS FUND DAY, DECEMBER 17 TH 2014 19.12.2014 Gasum Sari Siitonen 2 Natural gas demand is expected to grow significantly by 2040 19.12.2014 Gasum Sari Siitonen

More information

European Bank for Reconstruction and Developments. Utilizing Bulgaria s Gas Opportunities

European Bank for Reconstruction and Developments. Utilizing Bulgaria s Gas Opportunities European Bank for Reconstruction and Developments Utilizing Bulgaria s Gas Opportunities 23 September 2014 Daniel Berg European Bank for Reconstruction and Development 2010 www.ebrd.com EBRD: A Driving

More information

Nea Mesimvria Operation & Maintenance Centre

Nea Mesimvria Operation & Maintenance Centre Source of Development, Carrier of Energy Nea Mesimvria Operation & Maintenance Centre Nea Mesimvria Compression Station: A significant infrastructure ensuring security of energy supply in Greece and Southeastern

More information

Belgrade, December 17, A Presentation by Costis Stambolis, Executive Director Institute of Energy for S.E. Europe (IENE), Athens

Belgrade, December 17, A Presentation by Costis Stambolis, Executive Director Institute of Energy for S.E. Europe (IENE), Athens Round Table Geopolitical Significance of South Stream for Serbia: New Energy Infrastructure of Europe The New Balkan Gas Pipelines and their Role in European Energy Security Belgrade, December 17, 2013

More information

Seminar No. 63. Major Gas Finds in Eastern Mediterranean a source of new supply and conflicts in South East Europe

Seminar No. 63. Major Gas Finds in Eastern Mediterranean a source of new supply and conflicts in South East Europe Seminar No. 63 Major Gas Finds in Eastern Mediterranean a source of new supply and conflicts in South East Europe Wednesday, 26 th of September 2012 Speakers: Ambassador Mikael Eriksson International Energy

More information

Investment in LNG terminal on the Croatian island of KrK is of strategic importance to regional energy security.

Investment in LNG terminal on the Croatian island of KrK is of strategic importance to regional energy security. Croatia Key Issues Competition in Croatia s energy market is still very limited. Market opening is needed to improve the investment climate and create incentives for new entrants. Croatia should step up

More information

COUNTRY EXPERIENCE ON EMISSION MEASUREMENT AND MITIGATION POLICIES. Republic of the Fiji Islands

COUNTRY EXPERIENCE ON EMISSION MEASUREMENT AND MITIGATION POLICIES. Republic of the Fiji Islands COUNTRY EXPERIENCE ON EMISSION MEASUREMENT AND MITIGATION POLICIES Republic of the Fiji Islands Major Exports (i)sugar $120m (ii) Tourism F$500m (iii) Fisheries F$30m (iv) Minerals F$40m Populated Islands

More information

Turkish Petroleum Law ) Member companies mainly have activities in 2 sectors: Exploration & Production Sector Natural Gas Market

Turkish Petroleum Law ) Member companies mainly have activities in 2 sectors: Exploration & Production Sector Natural Gas Market Latest Developments in Turkish Natural Gas Market and Their Impacts on Transit Pipeline Projects June 20, 2012 Istanbul Altan Kolbay Secretary General Gas to Power Turkey About PETFORM Established in 2000,

More information

TEN-YEAR NETWORK DEVELOPMENT PLAN OF BULGARTRANSGAZ EAD

TEN-YEAR NETWORK DEVELOPMENT PLAN OF BULGARTRANSGAZ EAD 2015-2024 TEN-YEAR NETWORK DEVELOPMENT PLAN OF BULGARTRANSGAZ EAD 30 April 2015 Approved by Decision under Minutes No 82/30.04.2015 of Bulgartransgaz EAD Management Board meeting Submitted for approval

More information

Poseidon Med. LNG Bunkering from Barrier to Solution. Panayiotis Mitrou Marine Technology & Innovation Manager

Poseidon Med. LNG Bunkering from Barrier to Solution. Panayiotis Mitrou Marine Technology & Innovation Manager Poseidon Med LNG Bunkering from Barrier to Solution Panayiotis Mitrou Marine Technology & Innovation Manager Marine Business Development, Piraeus Office LNG & ELECTRIC SHORE POWER Mare FVG Workshop 09-10

More information

Project Presentation

Project Presentation Project Presentation What is BPO? Maritime Stakeholder Event (Brussels, 1 June 2011): Clean Air at sea: promoting solutions for sustainable and competitive shipping By Mr Siim Kallas, Vice-President of

More information

1. Introduction. Contents. List of Figures. List of Tables

1. Introduction. Contents. List of Figures. List of Tables 1. Contents 1.1... 2 1.2 SD and ACG Development to Date... 2 1.2.1 Shah Deniz Production Sharing Agreement... 2 1.2.2 Shah Deniz 1 Gas Export Project... 3 1.2.3 ACG Development... 3 1.2.4 Existing Export

More information

Natural Gas as a Transportation Fuel

Natural Gas as a Transportation Fuel Natural Gas as a Transportation Fuel Manitoba Hydro! Electric Utility 556,000 electric customers! Responsible for generation, transmission, distribution and retailing of electricity in Manitoba! 5,500

More information

Common Electricity Market Kosovo Albania Presented by Naim Bejtullahu, CEO of KOSTT

Common Electricity Market Kosovo Albania Presented by Naim Bejtullahu, CEO of KOSTT - K O S O V A N T R A N S M I S S I O N S Y S T E M & M A R K E T O P E R A T O R - O P E R A T O R I I S I S T E M I T, T R A N S M I S I O N I T & T R E G U T T Ë K O S O V Ë S - Common Electricity Market

More information

The Evolution of the Gas Industry: The Impact on Infrastructure Investments. Daniele De Giovanni SVP Supply Portfolio Development eni Gas & Power

The Evolution of the Gas Industry: The Impact on Infrastructure Investments. Daniele De Giovanni SVP Supply Portfolio Development eni Gas & Power The Evolution of the Gas Industry: The Impact on Infrastructure Investments Daniele De Giovanni SVP Supply Portfolio Development eni Gas & Power 1 Index The role of infrastructure investments in the European

More information

Africa LNG Market Outlook New Opportunities, Trends and Drivers to 2020

Africa LNG Market Outlook New Opportunities, Trends and Drivers to 2020 Africa LNG Market Outlook New Opportunities, Trends and Drivers to 2020 LNR11001A- JULY 2011 Report Description- Africa LNG Market Outlook- New Opportunities, Trends and Drivers to 2020 from LNGReports

More information

TRAINOSE PRIVATIZATION: THE TRAIN HAS BEEN DELAYED.

TRAINOSE PRIVATIZATION: THE TRAIN HAS BEEN DELAYED. TRAINOSE PRIVATIZATION: THE TRAIN HAS BEEN DELAYED. S. Travlos July 2012 INTRODUCTION 2 The rail sector is regulated through two main pieces of legislation: Presidential Decree 41/2005 incorporates into

More information

INDICATIVE TERMINALLING PROGRAMME OF THE ZEEBRUGGE LNG TERMINAL

INDICATIVE TERMINALLING PROGRAMME OF THE ZEEBRUGGE LNG TERMINAL INDICATIVE TERMINALLING PROGRAMME OF THE ZEEBRUGGE LNG TERMINAL FOR THE PERIOD: 2005-2006 (PROPOSED ON THE BASIS OF ARTICLE 9 OF THE ROYAL DECREE OF 4 APRIL 2003 ON THE CODE OF CONDUCT FOR ACCESS TO THE

More information

Renewable Electricity and Liberalised Markets REALM. JOULE-III Project JOR3-CT98-0290 GREECE ACTION PLAN. By ICCS / NTUA K. Delkis

Renewable Electricity and Liberalised Markets REALM. JOULE-III Project JOR3-CT98-0290 GREECE ACTION PLAN. By ICCS / NTUA K. Delkis Renewable Electricity and Liberalised Markets REALM JOULE-III Project JOR3-CT98-0290 GREECE ACTION PLAN By ICCS / NTUA K. Delkis October 1999 INTRODUCTION AND BACKGROUND Background to Renewable Energy

More information

SUSTAINABILITY OF WATER & SANITATION SERVICES IN GREECE

SUSTAINABILITY OF WATER & SANITATION SERVICES IN GREECE SUSTAINABILITY OF WATER & SANITATION SERVICES IN GREECE P. Stathatou, E. Manoli, D. Assimacopoulos School of Chemical Engineering National Technical University of Athens, Greece Contents Overview of the

More information

MINISTRY OF ECONOMY, TRADE AND ENERGY SEPTEMBER, 2010

MINISTRY OF ECONOMY, TRADE AND ENERGY SEPTEMBER, 2010 MINISTRY OF ECONOMY, TRADE AND ENERGY SEPTEMBER, 2010 1. Overall context 2. A regional perspective 3. Government s policy and investments in the electricity sector 4. The gas sector 5. The petroleum sector

More information

LNG IMPACT ON LITHUANIAN NATURAL GAS MARKET

LNG IMPACT ON LITHUANIAN NATURAL GAS MARKET LNG IMPACT ON LITHUANIAN NATURAL GAS MARKET May 29, 2015 DOMINYKAS TUČKUS CONTENTS I. LITGAS activities II. Trends in Lithuania III. LNG market situation and outlook 2 LITGAS: activities NATURAL GAS SUPPLY

More information

Russian gas supplies: a point of view from the EU new MS

Russian gas supplies: a point of view from the EU new MS Russian gas supplies: a point of view from the EU new MS Prof. Vidmantas Jankauskas A Smart EU Energy Policy project Workshop on Energy Security of Supply 28-29 September, 2009, Milan Gas share in the

More information

Biomethane as vehicle fuel

Biomethane as vehicle fuel Biomethane as vehicle fuel Experiences from the Biogas West project Project manager Biogas Väst Bernt Svensén Business Region Göteborg Head and project manager Business Region Göteborg Represents 13 municipalities

More information

Invest in the Greek Renewable Energy Market

Invest in the Greek Renewable Energy Market Invest in the Greek Renewable Energy Market Pragalou Demetra Investment Promotion Manager 18 November, 2010 0 1 Why Greece? Greece is at the forefront of positive changes Crisis Opportunity Reforms Trade

More information

Kamil Valiyev Legal Department SOCAR

Kamil Valiyev Legal Department SOCAR Kamil Valiyev Legal Department SOCAR Brief overview of the country s energy consumption Gas Production in Azerbaijan Year SOCAR (in million m3) AZERBAIJAN (in million m3) 2011 7084.2 25752.9 2010 7178.9

More information

Shah Deniz 2. and Opening of the Southern Corridor

Shah Deniz 2. and Opening of the Southern Corridor Shah Deniz 2 and Opening of the Southern Corridor Contents Introduction... 2 Shah Deniz Field... 4 The Shah Deniz Stage 2 and South Caucasus Pipeline Expansion Projects... 6 Industry Technology and International

More information

EUROPEAN ALTERNATIVE FUELS INFRASTRUCTURE DIRECTIVE AND FUEL QUALITY REQUIREMENTS

EUROPEAN ALTERNATIVE FUELS INFRASTRUCTURE DIRECTIVE AND FUEL QUALITY REQUIREMENTS EUROPEAN ALTERNATIVE FUELS INFRASTRUCTURE DIRECTIVE AND FUEL QUALITY REQUIREMENTS Daniel Danielsson Technical Expert Fuels & Lubricants AVL MTC AB Gothenburg 2014-11-19 ALTERNATIVE FUELS INFRASTRUCTURE

More information

Natural Gas Licensing Regulation (Unofficial Translation)

Natural Gas Licensing Regulation (Unofficial Translation) DECISION Δ1/Α/5815 Natural Gas Licensing Regulation (Unofficial Translation) THE DEPUTY MINISTER OF ENVIRONMENT, ENERGY AND CLIMATE CHANGE Having taken into consideration: 1. Article 90 of the Legislative

More information

Supplier networking event Access Roads and Bridges

Supplier networking event Access Roads and Bridges Supplier networking event Access Roads and Bridges 14 October 2014 Cecilia Wagner Local Content Manager Supplier Networking Event (ARBA) - 14.10.2014 2 Agenda/Contents 1. Background information on the

More information

Central Eastern Europe GRIP

Central Eastern Europe GRIP GAS REGIONAL INVESTMENT PLAN 2014 2023 Central Eastern Europe GRIP ANNEX F : LIST OF PCI PROJECTS List of projects from the CEE region which are on the Union list of projects of common interest published

More information

Poland must fully transpose the Third Energy Package Directives without further delay to liberalise the electricity and gas markets.

Poland must fully transpose the Third Energy Package Directives without further delay to liberalise the electricity and gas markets. Poland Key Issues + With regard to electricity, coal is still the main source of fuel for power generation. Poland's generating capacity is ageing, and the country needs better incentives for investment

More information