Burgas Alexandroupolis Pipeline

Transcription

1 Burgas Alexandroupolis Pipeline Christos Dimas General Manager HELPE S.A.-THRAKI S.A. Director TBP Greece Greek-Bulgarian Cooperation in the Energy Sector Sofia, Thursday April 29, 2010 Organized by the Institute of Energy for South East Europe (IENE) in association with the Hellenic Business Council in Bulgaria (HBCB) 1

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

3 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 3

4 Russian and Caspian Crude Oil Production (Million Metric Tons) TURKMENISTAN AZERBAIJAN KAZAKHSTAN RUSSIA

5 Russian and Caspian Crude Oil Exports (Million Metric Tons) TURKMENISTAN AZERBAIJAN KAZAKHSTAN RUSSIA

6 OIL CONCENTRATION IN THE BLACK SEA AND THE BOSPORUS STRAITS 6

7 Balance of crude oil flow shipped through the Black Sea and the Bosporus Straits during 2008 (Million Metric Tons) Youzny 10 Feodosiya Kavkaz Kerch Total Crude Oil Shipped 105 Youzhnaya Ozereevka Novorossiysk Tuapse Supsa Legend Actually mln tons shipped in 2008 / Terminal throughput capacity mln tons / year 2009

8 Balance of crude oil flow shipped through the Black Sea and the Bosporus Straits during 2009 (Million Metric Tons) Youzny Approx.10 Feodosiya Kavkaz Kerch Total Crude Oil Shipped 116 Youzhnaya Ozereevka Novorossiysk Tuapse Supsa Batumi Legend 32,6 / 32 Actually mln tons shipped in 2009 / Terminal throughput capacity mln tons / year 2009 Total Black Sea Ports Crude Oil Export Capacity in Million Metric Tons)

9 Days 3,2 5,2 7,9 10,7 9,5 11,4 20,3 d 18,6 16,9 5,5 12,3 Actual Monthly Average Tanker Delays in the Straits - Winters (Net waiting time of tankers > 200 m LOA passing in transit - Round trip) 3,1 3,5 5,1 6,9 9,1 3,5 4,5 3,3 4,9 6,4 4,3 Traffic system improvements applied in the Straits since Nov. 1,7 3,0 2,1 3,4 13,5 8,7 13,3 9,6 10,7 8,1 10,8 12,0 8,0 2,7 2,6 4,1 4,2 5,6 7,5 7,8 11,2 10,0 2,5 3,3 9 d 5,5 5,8 6,3 5,7 2,9 3,1 4,5 5,4 1,8 S/B Delays N/B Delays 6.6 d 3,0 3,5 2,9 3,9 1,9 2,3 3,3 3,7 3,7 4,9 2,2 10 d 5,1 5,4 6,7 6,9 7,4 7,8 3,4 2,9 Οκτ.03 Νοε.03 εκ.03 Ιαν.04 Φεβ.04 Οκτ.04 Νοε.04 εκ.04 Ιαν.05 Φεβ.05 Oct.05 Nov.05 Dec.05 Ιαν.06 Φεβ.06 Oct.06 Nov.06 Dec.06 Jan.07 Feb.07 Oct.07 Nov.07 Dec.07 Jan.08 Feb.08 Oct.08 Nov.08 Dec.08 Jan.09 Feb.09 Oct.09 Nov.09 Dec.09 Jan.10 Feb.10 9

10 Flows of Eurasian Crude Oil Through the Bosporus (Million Metric Tons) High Scenario Base Scenario

11 Black Sea Crude Oil Export Alternatives Bypassing the Straits Trieste Trieste Augusta To US-Market To USA and North Europe Omishali Baltic Sea Ventspils Buting Feneshlitkye OVERVIEW MAP CRUDE OIL EXPORTCHAINS existing pipeline planned pipeline Gdansk Tanker transport Oil Field Samara Plotsk Samara Unecha Unecha Brody Sisak C B Alexandroupolis Vlore Alexandroupolis Vlore D A Odessa Constanta Constanta Burgas Ibrice Burgas Kiykoy E F Primorsk Tikhoretsk Novorossiysk Tuapse Black Sea Samsun Ceyhan CPC Pipeline Kashagan Kurmangazy Makhachkala TO CHINA/JAPAN THROUGH SIBERIA Karatschaganak Atyrau Tengiz Aktau Aktau from Surgut Tscheljabinsk TO CHINA Supsa Batumi Baku A. C. G. Mega Structure Neka Port Neka Port Tehran A. Odessa Brody Baltic Sea B. Constantza Trieste C. Burgas Flore D. Burgas Alexandroupolis E. Kiykoy Ibrice F. Samsun - Cheyhan 11

12 By-pass Pipeline A Odessa Brody Plock Gdansk B Constanza Trieste Pipeline Black Sea Crude Oil Export Alternatives Bypassing the Straits Length (Km) Pros / Cons High investment; Export terminals in Gdansk & Rostock can be used; Problem again with the Danish Straits Relatively high initial investment requirements, direct pipeline supply of Central European refineries with Caspian light grades through the Trans Alpine Pipeline (TAL) C Burgas Vlore 913 Long and mountainous route, relatively high initial investment Pipeline (AMBO) requirements, supply to refineries along the route in FYROM & Albania, challenging financing due to political risk D Burgas Alex/polis Pipeline (BAPLine) E Kiyikoy Ibrice Pipeline 256 Short route, smooth terrain, relatively low initial investment requirements; Studies and design ready; Permits incl. EIA first stage finished, therefore fast implementation feasible; Diversification of oil routing. Cost efficient comparable with the Straits; European Union corridor. 200 Short route, smooth terrain, relatively low initial investment requirements; Russian and Caspian Black Sea exports depending on one country. F Samsun Ceyhan Pipeline 550 Long and mountainous bypass route, Russian, Caspian and Black Sea exports depending on one country, use of BTC pipeline corridor / supply to Kirikkale refinery 12

13 BURGAS ALEXANDROUPOLIS PIPELINE 13

14 PROJECT BACKGROUND Athens 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. Jan Project Studies Extensive studies completed by ILF Consulting Engineers. 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 Trans- Balkan Pipeline B.V. in Netherlands. Oct Project Studies Update awarded to ILF 2009 Elaboration of the technical studies Preparation of the environmental studies Public consultation procedure Transportation Agreement issues 2010 Completion of Project Technical studies expected by the end of June Planned submission of ESIA to the Ministries in both countries for approval Transportation Agreement Issues 14

15 PRELIMINARY PROJECT CHARACTERISTICS FOR A CAPACITY OF MTA Pipeline Main Pipeline Length: 256 km Overall Pipeline Length: 336 km Main Pipeline Diameter: 42 Capacity Mta Burgas Tank Farm and Marine Facilities Tank Farm Capacity: m 3 Marine Facilities: 2 SPMs for dwt Tankers each Alexandroupolis Tank Farm and Marine Facilities Tank Farm Capacity: m 3 Marine Facilities: 2 SPMs for dwt Tankers each 15

16 General Indicative Map of the Project 16

17 Location Options Jetty/SPMs (Burgas) 17

18 Studied Alternatives in Alexandroupolis 18

19 Location Option (Alexandroupolis) 19

20 Environmental Studies under review Finalization of Technical studies in June 2010 Submission of the Environmental studies to the ministries in both Countries for approval CURRENT ACTIVITIES (2010) Public Consultation Procedures and Query Management Procedure Transportation Agreement FUTURE ACTIVITIES HGA issues Detail design Permitting / Land acquisition issues Procurement / Construction 20

21 TBP s Values and Principles Throughout planning, development and implementation of the project, TBP is committed to: protecting the environment; respecting local communities and cultural heritage; safeguarding public health and occupational health and safety; employing best available technologies; applying highest safety standards to minimise any risks; applying international best practice Environmental and Social performance Standards to develop the Project, and working in a constructive and continuous dialogue with the population in the project area, PCDP ( Public Consultation and Disclosure Plan), NGOs and the relevant authorities and other stakeholders. 21

22 Public Consultation Disclosure Plan (PCDP) Public consultations have started since the beginning of the technical studies (November 2008) Numerous presentations of the project and consultations took place with various statutory stakeholders, regarding the Technical and Environmental data of the project. Public presentations were held in municipalities along the route of pipeline where TBP presented to the local public its studies of the terrain, the environment, information about the current state of the project and of the reviewed alternative facility locations. Visit to the CPC Marine International Terminal and Tank Farm in Novorossiysk for representatives of the public and media from Bulgaria and Greece. Press conferences and interviews to the press. Informative meetings with Ministries and Supervised Organizations/Entities. A Query Mechanism has been set up in each country. 22

23 SOME MAJOR CONSULTANTS OF TBP ILF Consulting Engineers Environmental Resources Management (ERM) Allen & Overy LLP, Law Firm Société Générale, Corporate & Investment Banking KPMG, Audit Advisor Deloitte & Touche (DT), Tax Consultant Cambridge Energy Research Associates(CERA) Local Consultants for Bulgaria/Greece page 23