Gas Infrastructure Development in CEE: building basis for a major shift in energy-mix

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1 Gas Infrastructure Development in CEE: building basis for a major shift in energy-mix Brussels, 23 rd of April 2012 Jan CHADAM, President of the Management Board GAZ-SYSTEM S.A.

2 GAZ-SYSTEM Facts&Figures National gas transmission system operator (TSO) Established in April 2004 on the basis of the Directive of the European Parliament and the European Council 2003/55/EC Independent and fully unbundled Company providing equal services to all entities on non-discriminatory basis Joint-Stock Company, owned by the State Treasury as the only shareholder Strategic Company responsible for Country s energy security Assets: approx. EUR 1,5 billion Equity: approx. EUR 1,3 billion GAZ-SYSTEM transmission Network: Approx. 15 transported in 2011 (excluding transit) Approx km of Pipelines 680 km of Transit Pipeline (Yamal) 1 LNG Terminal (under construction) 15 compressor stations 57 gas supply nodes 970 exit points

3 Energy Challenges for the CEE Region ENERGY ROADMAP 2050 Long-term vision of EU Energy sector and its way towards low carbon intensity Finding right balance between goals and costs CREATING FUNCTIONING ENERGY MARKET Market bringing competition and lowering prices Enhanced competitivness of economies in CEE Region ENERGY EFFICIENCY Producing and transporting energy in more efficient way EU CLIMATE POLICY IMPACT Emissions reduction targets imply more sustainable energy sources Higher RES share in power generation NEW POTENTIAL FOR DEMAND Keeping up with growing demand for energy from developing economies in the region Electricity as a major driver SECURITY OF SUPPLY Diversification of supply routes and sources to minimize the risk of disruption New infrastructure standards and enhancing the network flexibility NATURAL GAS AS A VIABLE ENERGY SOURCE ADRESSING THE CHALLENGES

4 Natural Gas in CEE Transit oriented infrastructure East-West running pipelines Almost 100% of the current gas import in the Region is sourced (at least physically) from Russia 3 28% 14 13% Relatively small markets with potential to grow Weak competition, supply dominated by long term contracts high level of prices. Fragmentation, low level of interconnectivity (couple of IPs in the region) not attractive for upstream players and traders 8 18% 11 5,5 39% 28% 13,5 37% 2,5 16% Source: Kantor & Eurogas

5 Natural Gas in CEE trends EU Market Positive outlook for natural gas in the region (at least up to 2030) Diversification and integration required (competitive and liquid market, increase of security of supply) Stable regulatory framework and clear long term energy policy needed to secure the further role of natural gas in CEE ? Source: Kantor CEE Report for EC (BG, CR, CZ, HU, PL, RO, SK, SL)

6 Necessary shift in Natural Gas Infrastructure initiated New Interconnections PL-CZ Interconnection (Cieszyn) Project Launched in Sep 2011 with capacity of 0,5 PL-DE Interconnection (Lasów) Upgrade of 0,6 (to 1,5 ) launched in Jan LNG European Status of Yamal Pipeline Nov 2010 GAZ-SYSTEM designated by Polish NRA as Yamal Pipeline independent operator Nov 2011 VRF services provided to the market participants Transmission System Development Program Program scheduled for , with 1000 km of new pipelines & LNG Terminal and overall budget of approx. 2 Bn EUR. 217 km of new pipelines commissioned in 2011 PL-DE EU Support PL-CZ In 2011 GAZ-SYSTEM raised import capacities to the Polish market by 30%

7 Providing New Opportunities Diversification Projects LNG TERMINAL Facility under construction to be commissioned in JUNE BALTIC PIPE Offshore Interconnection with Denmark in pre-construction phase. LNG BALTIC PIPE PL-LT Interconnections (under Analysis) PL-LT Interconnection After business case analysis Feasibility study is launched in Q PL-SK Interconnection Comprehensive analysis, including Feasibility Study performed (results foreseen for Q1 2013) SHALE GAS PL-CZ, PL-DE Interconnections (upgrade) Further development and capacity upgrades are considered PL-DE Transmission System Development Program STAGE I ( ) STAGE II ( ) STAGE III( 2020) PL-CZ PL-SK

8 LNG Terminal in Świnoujście Regasification Capacity 5,0 /a ( cm/h) since ,5 /a ( cm/h) or more possible enhancement LNG Offloading Facility designated to receive Carriers from to cm (Q-flex vessels) Carriers characteristics - draught: 12,5m, length: 315m Storage Two storage tanks with capacity of cm each. Possibility for construction of third additional storage tank (space reserved) Pipeline Inlet pressure of 6,3 to 8,4 Mpa; Temperature: 1 C. Truck Loading Two loading bays with capacity of t/a Costs LNG Terminal construction cost estimated at approx. 700 M EUR (including EPC contract valued at 550 M EUR) Project has EU financial support via EEPR

9 Deploying LNG in the Region First LNG Terminal in North-East Europe Diversification, 1 st new physical source of supply in the region in 2014 Regas Capacity offered to the shippers (Open Season Procedures) Access to global and liquid LNG market New source of supply for Lithuania and other Baltic States to be analysed within the scope of PL-LT Interconnection. Important new source of supply for Central European Countries within N-S gas interconnections program. Potential Enhancement of SoS to Scandinavian Countries via Baltic Pipe. LNG Terminal in Świnoujście may constitute a regional solution supplying the local smaller LNG Terminals in the Baltic Sea area (smaller vessels). LNG Terminal in Świnoujście as the first such an advanced project in the area may serve a basis for developing the LNG as a fuel for maritime transport in the Baltic Sea.

10 LNG SGC LNG/NCS SHALE GAS Regional Natural Gas Market Development Key role of Polish Transmission System in the Region Connecting Baltic Sea Region with CEE Countries Coordination of the regional infrastructure projects Setting the stage for the new supply potential LNG Terminal 5-7,5 YAMAL Baltic Pipe Infrastructure Leverage Relatively low costs of new infrastructure provide leverage for lower commodity prices for endusers New investments facilitate new possibilities for the market Creating attractive supply-mix for the region Enhancing economic competitiveness of Region s economies Western Europe SHALE GAS East Sound Basis for growth of Natural Gas in CEE Region s Energy-Mix LNG NABUCCO LNG

11 Unconventional Gas as Potential Important Supply Source According to latest forecasts potential production from unconventional sources estimated initially up to 768 First analysis of potential transmission infrastructure for unconventional gas already initiated Investments needed to create and enhance transmission capacities in the system (providing also capacities for export if needed) Future development needs Approx km of pipelines Budget: over EUR 1,5 billion

12 Conclusions A positive outlook for natural gas in the regional energy mix (sustainability, security) New demand potential (electricity, industry) Sustainable fuel (low emissions) supporting the development of RES A potential for future production from unconventional sources Clear long term policy vision ensuring a long-term role for natural gas New infrastructure needed to provide necessary and positive shift in the regional energy mix Crucial need for Infrastructure and Regulatory Developments to create liquid and competitive Natural Gas Market Creating competitive, liquid and diversified markets/hubs Market Integration/Coupling Gas-to-gas competition Security of Supply Enhancing competitiveness of economies

13

14 Thank you for your attention

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