Gas is part of a long-term climate-friendly solution Franck Albert Neel Budapest, December 3 rd , 2018 OMV Petrom SA
Framework to achieve low carbon economy 2015 2016 2018-2030 Paris Agreement Clean Energy Package Romanian Energy Strategy Target is to keep deviation of +42% natural gas Three key targets for 2030: global temperature lower than • at least 40% cuts in greenhouse gas emissions Renewables, incl. hydro +2 ⁰C vs. pre-industrial level (1990 referenced) Nuclear • to boost the share of renewables to at least 27% of EU energy consumption Oil • an indicative energy efficiency target of Coal 27% by 2030 2030 vs. 2017 | Gas is part of a long-term climate-friendly solution / BEST, December 2018 2
Global trends ELECTRICITY : increasing importance (electric vehicles raising share in mobility; solutions for storage etc) NEW TECHNOLOGIES : Carbon Capture and Storage, power to gas etc. DIGITALIZATION : autonomous vehicles, energy technologies etc CONSUMPTION OF ENERGY : to grow in developing countries, while rather stable in developed countries URBANIZATION : by 2050, nearly 2/3 of the world’s population will live in urban areas GAS MARKET BECOMING GLOBAL : more LNG traded as compared to pipeline gas | Gas is part of a long-term climate-friendly solution / BEST, December 2018 3
Level of decarbonization between “business as usually” and “2 degrees” determined by range of drivers and issues “2 Degrees” Scenario Alternative fuels Energy Renewables Efficiency Low Carbon ? Level of decarbonization Rising Living Limits of Standards Battery “Business as Cheap Coal usually” Affordability Scenario | Gas is part of a long-term climate-friendly solution / BEST, December 2018 4
Gas is part of the solution along the entire path to 2050 2030 2050 2018 Power: Exit Coal! Switch to Gas saves -50% CO 2 now Mobility: Make use of today’s solutions! -30% CO2 & and half the noise with Gas Transport: infrastructure based on alternative fuels (CNG, LNG) Heating : Gas heats and cools! affordable & practically free of particulate matter “Greening the Gas” – renewable natural gas Security of supply: Gas is reliable & secure today and interconnector with Power2Gas tomorrow Renewable power / Gas to ensure back-up & balancing Market maturity of Power2Gas Large scale coupling of gas & power sector Innovation – Zero Carbon Gas | Gas is part of a long-term climate-friendly solution / BEST, December 2018 5
By coupling Power2Gas with existing oil refinery & gas logistics capabilities, security of supply could be redefined by 2030 Renewable sources Conventional sources H 2 Seasonal storage & distribution EU targets Greenhouse Gas to markets (GHG) reductions in the power sector (1990 reference): -68% by 2030 -99% by 2050 | Gas is part of a long-term climate-friendly solution / BEST, December 2018 6
100% renewable power requires high-capacity long-term storage options. Existing gas storage capacity can easily meet this requirement Austria / 2030 projection Energy storage options for 4.7 TWh Supply & demand with 100% renewable power in MW Tesla 22mn Hydro PV Wind Consumption (smoothed) Powerpacks 1 Current 170% Capacity 2 Existing 5% Capacity 1 st Jan 31 st Dec 1 Commercial version with 210 kWh | Gas is part of a long-term climate-friendly solution / BEST, December 2018 7 2 Current capacity in Austria 2.7 TWh
There are solutions to decarbonize natural gas Methane Pyrolysis Captured Carbon Storage Mobility H 2 Heating CH 4 CH 4 O 2 + Industry Carbon C >1,200 ° C Combustion CCS Utilization | Gas is part of a long-term climate-friendly solution / BEST, December 2018 8
| Gas is part of a long-term climate-friendly solution / BEST, December 2018 9
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