The Developments in the Transportation of Oil from Russia and the Caspian Sea Region and The Burgas Alexandroupolis (BAP) Oil Pipeline Project

Transcription

1 1 TRANSBALKAN PIPELINE B.V. HELPE THRAKI A.E. The Developments in the Transportation of Oil from Russia and the Caspian Sea Region and The Burgas Alexandroupolis (BAP) Oil Pipeline Project Christos Dimas General Manager HELPE THRAKI A.E. The Originator and Greek Shareholder of the BAP Project INSTITUTE OF ENERGY FOR SOUTH-EAST EUROPE International Conference 2nd South East Europe Energy Dialogue Thessaloniki, 21 22

2 2 Russian and Caspian Main Crude Export Routes Barents Sea Timan Pechora West Siberia East Siberia Sakhalin Taishet Volga Urals Tengiz Dqing Caucasus & Caspian - Baku Legend Major Oil basins

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5 5 Russian and Caspian Main Crude Export Routes Murmansk Barents Sea Primorsk Timan Pechora West Siberia East Siberia Far East & Sakhalin Volga Urals Kenkiyak Atasu Kumkol Taishet Scovorodino Novorossiysk Odessa Supsa Tengiz Caucasus & Caspian Alashankou Daqing Kozmino Burgas-Alex/lis Baku Ceyhan Legend Existing crude pipelines Planned crude pipelines Major Oil basins

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7 Kazakhstan s Crude Oil Export Routes HELPE THRAKI A.E. Karatschaganal Karatschaganal Existing Soviet-era pipeline Supplying China with Russian oil Kashagan Makhachkala Mangistau Aktau Uzen Existing Sovietera pipeline Baku To Neka 6 7

8 8 Azerbaijan s Crude Oil Export Routes Baltic Sea Primorsk OVERVIEW MAP CRUDE OIL EXPORTCHAINS from Surgut Ventspils Buting Gdansk Plotsk Unecha Unecha existing pipeline planned pipeline Tanker transport Oil Field Samara Samara Tscheljabinsk Brody Karatschaganak Trieste Trieste Feneshlitkye Atyrau Omishali Sisak Odessa Constanta Burgas Constanta Tikhoretsk Novorossiysk Tuapse Tuapse CPC Pipeline Kashagan Kurmangazy Makhachkala Tengiz Aktau Aktau Augusta Burgas Vlore Alexandroupolis Samsun Supsa Batumi Baku A. C. G. Mega Structure To US-Market Neka Port Neka Port Ceyhan Tehran

9 TRANSBALKAN PIPELINE B.V. HELPE THRAKI A.E. OIL CONCENTRATION IN THE BLACK SEA AND THE BOSPORUS STRAITS 9

10 10 Balance of crude oil flow shipped through the Black Sea and the Bosporus Straits during 2007 (Million Metric Tons) Youzny 10 Feodosiya Total Crude Oil Shipped Youzhnaya Ozereevka Novorossiysk Tuapse Georgian Ports Legend 32,6 / 32 Actually mln tons shipped in 2007 / Terminal throughput capacity mln tons / year

11 Number of Tankers and Volume of Hazardous Cargo (Crude oil + Products) Transiting the Bosporus Straits 12,000 No. of Tankers 160 Million tons of hazardous cargo 10,000 Tankers Hazardous Cargo , , , ,000 Source: Turkish Marine Research Foundation

12 Days c ṫ O o v N ,3 d e c D Actual Monthly Average Tanker Delays in the Straits - Winters (Net waiting time of tankers > 200 m LOA passing in transit - Round trip) a n J e b F c ṫ O o v N e c D Source: Inchcape Shipping Services-Turkey Traffic system improvements applied in the Straits since Nov ,1 d 5 a n J e b F c ṫ O o v N ,5 d e c D a n J e b F c ṫ O S/B Delays N/B Delays ,3 d d 6 o v N 6 e c D a n J 10 7 e b F c ṫ O o v N 7 e c D a n e b J F 12

13 TRANSBALKAN PIPELINE B.V. HELPE THRAKI A.E. BYPASSING ALTERNATIVES AND THE BURGAS ALEXANDROUPOLIS OIL PIPELINE PROJECT 13

14 14 BLACK SEA CRUDE OIL EXPORT PIPELINE ALTERNATIVES A. Odessa Brody Baltic Sea B. Constantza Trieste C. Burgas Flore D. Burgas Alexandroupolis E. Kiykoy Ibrice F. Samsun - Cheyhan

15 TRANSBALKAN PIPELINE B.V. HELPE THRAKI A.E. WHY THE BURGAS ALEXANDROUPOLIS PIPELINE? 15

16 16 CRITERIA FOR SELECTING THE MOST SUITABLE BYPASS ALTERNATIVE 1. Cost Efficiency 2. Diversification of Routings 3. Political Risks a. Political stability of territory b. Political support 4. Technical & Technological Risks 5. Environmental Risks 6. Viability and Financial Risks a. Oil availability and guarantees b. Legal and economical governmental commitments. c. The transport cost to be financially comparable with the existing through the Straits routing.

17 BURGAS ALEXANDROUPOLIS OIL PIPELINE Burgas Alternative Marine Facilities A/B1 Burgas Burgas Marine Facilities Alternative B3 B3 (Single Point Moorings) Route A Burgas Alternative Terminal A/B1 Burgas Alternative Terminal B3 B3 BLACK SEA Route B1/B3 Alternative Bulgaria of Alternatives Pumpstation 2 of B1/B3 Pumpstation of Alternative 2 of A Mainline 36 Turkey Virsini 0 REV First Issue (For Presentation of the Project) Buchauer Millim DATE ISSUE, SCOPE OF REVISION PREPARED CHECKED Heinz APP ROVED Greece CLIENT: PROJECT: Joint Venture DEP S.A./THRAKI S.A. Burgas-Alexandroupolis Oil Pipeline Project Alexandroupolis Terminal CONTRACT NO: A: ENGINEERING CONTRACTOR: 2 nd Stage Study (Basic Design) ILF CONSULTING ENGINEERS Arabellastr. 21, D Munich MEDITERRANEAN SEA Abas Alexandroupolis Single Point Moorings Loading Lines Shore Facilities SUBCONTRACTOR: DRAWING TITLE: SCALE approx. 1:1 Mio. Pipeline Routes and Facilities Map 1:10000 PROJECT DRAWING NO SHEET 3436 II - DW - AL - AL of 1 Source: ILF STUDY 17

18 18 ROJECT CHARACTERISTICS FOR THROUGHPUT OF 35 MLN TONS ASED ON ILF STUDY, SUBJECT TO CHANGE UPON COMPLETION OF TUDY UPDATING Main Pipeline Length: km Overall Pipeline Length: km Pipeline Pipeline Diameter: 36 Intermediate Pumpstation Burgas Tank Farm and Marine Facilities Alexandroupolis Tank Farm and Marine Facilities Capex Tank Farm Capacity: m Swing Tanks x 2000 m 3 Marine Facilities: 2 Piers x 2 Berthing Points for Tankers of dwt Tank Farm Capacity: m Swing Tanks x 2000 m 3 Marine Facilities: 2 SPMs x Accommodating 2 Tankers of dwt each Total CAPEX for Both Countries Including Facilities for dwt tankers in Alex/lis: 1 Bln Euros (updated prices for 2007)

19 PROJECT BACKGROUND Athens Concept of the Burgas Alexandroupolis Project by the late N. Gregoriadis - Establishment of THRAKI S.A, which is the initiator and promoter of the project.. Feb Athens Establishment of the J/ V HELPE S.A. THRAKI S.A., the Greek participant in the project. Sep Moscow Establishment of the Project s Trilateral Working Committee among Bulgaria, Greece and Russia. Jan Project Studies Extensive studies completed by ILF Consulting Engineers. Jan Athens Signing of a Political Memorandum among Bulgaria and Greece. Nov Athens Political Memorandum initialed among Bulgaria, Greece and Russia. Jan Moscow Legal and economical transit framework initially agreed. Group of Initiating Companies (GIC) created. Apr Sofia Russia, Bulgaria and Greece signed a Memorandum on cooperation. Sep Athens Russia, Bulgaria and Greece signed a Trilateral Declaration of Cooperation. Mar Athens Russia, Bulgaria and Greece signed an Intergovernmental Agreement. 6 Feb Amsterdam Incorporation of the International Project Company of the Project Transbalkan Pipeline B.V. in Neterlands. 19

20 20 NEXT STEPS OF THE TRANSBALKAN PIPELINE BV Updating of the Project s Studies and its time schedule Preparation and signing of the Host Government Agreements Licensing Financing Construction

21 21 TRANSBALKAN PIPELINE BV SHAREHOLDERS RUSSIAN SIDE ( 51 % ) Pipeline Consortium Burgas-Alexandroupolis Ltd Gazprom Neft Rosneft Transneft BULGARIAN SIDE ( 24.5 % ) JSC Pipeline Burgas-Alexandroupolis BG Bulgargaz Technoexportstroy GREEK SIDE ( 24.5 % ) HELPE THRAKI A.E. Burgas-Alexandroupolis Oil Pipeline Hellenic Petroleum S.A. Latsis Group ( 23,5% ) Prometheus Gas Group Greek State ( 1% )