B ALKAN L EGAL F ORUM 2014 J UNE 26-27, V IENNA , A USTRIA E NERGY I - - PowerPoint PPT Presentation

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Mar 25, 2024 302 likes •398 views

B ALKAN L EGAL F ORUM 2014 J UNE 26-27, V IENNA , A USTRIA E NERGY I SSUES THROUGHOUT THE R EGION SEE AS A NATURAL GAS GATEWAY / HUB INTO E UROPEAN M ARKETS : UPDATE ON THE VARIOUS PIPELINE AND LNG TERMINAL PROJECTS IN THE REGION , AND OUTLOOK FOR

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BALKAN LEGAL FORUM 2014 JUNE 26-27, VIENNA, AUSTRIA

ENERGY ISSUES THROUGHOUT THE REGION SEE AS A NATURAL GAS GATEWAY/HUB INTO EUROPEAN MARKETS: UPDATE ON THE VARIOUS PIPELINE AND LNG

TERMINAL PROJECTS IN THE REGION, AND OUTLOOK FOR THE FUTURE

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Gas Supply and Demand in Europe

BALKAN LEGAL FORUM 2014 JUNE 26-27, 2014, VIENNA, AUSTRIA

Traditional external supply sources Potential new supply sources Europe (Demand) 2020> 620 bcma 2025> 660 bcma Europe (Supply Gap) 2020> 49 bcma 2025> 102 bcma Russia 44.4 Tcm Caspia Region* 11.2 Tcm Middle East** 32.8 Tcm Εgypt 2.2 Tcm East Med ‐3 Tcm North Africa*** 6 Tcm Specifically for SEE gas demand will grow to 96 bcma in 2010

‐ 117 bcma in 2025

Supply gap in SEE will be over 20 bcma in 2025 East Med may provide another diversified source of natural gas to the EU by 2017

* Excludes Azerbaijan, Kazakhstan, Turkmenistan ** Iran, Iraq *** Algeria, Libya Source: Courtesy of IENE

Romania

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TANAP, TAP and IAP Systems

BALKAN LEGAL FORUM 2014 JUNE 26-27, 2014, VIENNA, AUSTRIA

SCP TANAP TAP IAP

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South Stream Pipeline

BALKAN LEGAL FORUM 2014 JUNE 26-27, 2014, VIENNA, AUSTRIA

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The East Med Pipeline Project

BALKAN LEGAL FORUM 2014 JUNE 26-27, 2014, VIENNA, AUSTRIA

Israel‐Cyprus Connection Libya‐Greece Connection Arab Gas Connection Greece‐Italy Connection South Stream Connection

The East Med Pipeline possible connections

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SEE Gas Interconnectors

BALKAN LEGAL FORUM 2014 JUNE 26-27, 2014, VIENNA, AUSTRIA

Projected (planned) interconnectors Existing interconnectors

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What’s Next

 Regional SE Europe Power Exchanges

European Exchange EPEX Spot

 A Regional Gas Hub in SE Europe

Will develop gas price competition
Will provide the forum for physical and financial transactions

 EU and Brussels bureaucracy to accept South Stream as a major European project  Russia should work towards a framework cooperation with the EU to promote the construction and operation of South Stream  EU needs to implement a cohesive policy to address its energy security by adding the East Med Gas supply Route in its agenda.

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Contact

KYRIAKIDES GEORGOPOULOS Law Firm 28, Dimitriou Soutsou Str. • GR 115 21 • Athens • GREECE SwitchBoard: +30 210 817 1500 • Fax: +30 210 685 6657-8 Direct Line: +30 210 817 1571 Mobile: +30 6945 494 414 E-mail: g.papamichalopoulos@kglawfirm.gr Website: www.kglawfirm.gr

Gus Papamichalopoulos

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