Opening the Eurasia gas corridor

Transcription

1 Opening the Eurasia gas corridor 2nd South East Europe Energy Dialogue International Conference Thessaloniki, May 2008 Naske Afezolli Head of Gas & Power East EGL AG

2 European Gas Demand European natural gas demand will likely increase continuously until 2030 At the same time, European indigenous production is declining Additional gas imports will be needed to cover Europe s needs

3 Gas Reserves

4 European Gas Supply Corridors

5 TAP - The Missing Link TAP is opening the Eurasia Gas corridor

6 StatoilHydro Joins EGL for TAP Rune Bjørnson, StatoilHydro Executive Vice President for Gas (left) and Joachim Conrad, EGL s Head of Gas Agree on TAP Joint-Venture

7 Pipeline Route TAP shall connect the existing national grids in Greece and Italy TAP is the shortest pipeline link between Greece and Italy TAP will be the first international natural gas pipeline crossing Albania 20 km 115 km 200 km 185 km

8 Diversification and Supply Security TAP opens the access to new gas supply sources in the Caspian and Middle Eastern region TAP will add gas storage in Albania to provide security of supply and flexibility for long distance gas transport TAP will make a considerable contribution to the diversification of gas supply and supply security for the European gas market

9 TAP Rationale TAP is the shortest pipeline link between Greece and Italy The Final Investment Decision is expected in the second half of 2009 The pipeline will be fully operational by 2012 TAP opens the Eurasia gas corridor TAP Joint-Venture Partners already have access to gas supply sources in the Caspian and Middle Eastern region TAP will make a considerable contribution to the diversification of gas supply and supply security for the European gas market

10 Integrated Project Elements TAP Pipeline TAP Storage TAP LNG LNG Terminal Storage SNAM ReteGas Brindisi Region Fieri Region Thessaloniki Offshore Onshore ITALY ALBANIA GREECE TURKEY

11 TAP Overview Trans Adriatic Pipeline

12 Project Plan Basic Detail Studies Construction Operations Engineering Engineering Investment Decision Studies and the Basic Engineering were concluded in 2007 TAP is now in the Front-End Engineering Design stage TAP Project Final Investment Decision is expected in the 2nd half of 2009 The construction of the pipeline will take more than two years The pipeline will be fully operational by 2012

13 Transportation Capacity TAP shall have an initial annual capacity of 10 billion cubic metres TAP provides enough energy to supply 3 million households The system is designed to be expandable to 20 billion cubic metres a year Capacity 20 BCM/yr 10 BCM/yr Q time

14 TAP Elevation Profile The highest elevation of the pipeline route in approximately metres in the mountainous area of Albania TAP Elevation Profile Italy Adria Albania Greece CS2 (KPA 2.5) 1500 Brindisi Tie-In (KPI 20.5) Elevation [m] BRT(KPI 1.0) 0 Fier CS3 (KPA 185.5) Thessalonica CS1 (KPG 1.0) X-Pos [km] Profile Compressor Station Brindisi Receiving Terminal Tie-In Border

15 Offshore Section The offshore section from Albania to Italy will have a length of 115 km The lowest depth offshore is 820 metres

16 TAP Storage Salt cavern storage in Albania is considered as an integrated part of the TAP project Storage pre-feasibility studies are completed, currently launching the feasibility studies. Storage facilities provide security of supply and flexibility for long-distance gas transport

17 Focus on Albania TAP provides sustainable solutions for economic growth Sustainable energy solutions contribute to political stability TAP will be the first major natural gas infrastructure project in Albania TAP enjoys wide support in Albania TAP enables the re-introduction of natural gas in Albania TAP will contribute to energy security in Albania ALBANIA TAP will secure significant employment during construction and operation

18 Find out more about TAP at:

19 TAP upside potential IAP ECR- Energy Community Ring TAP TAP and IAP together would make half of the ECR (Energy Community Ring)

20 THANK YOU FOR YOUR ATTENTION!