LNG for bunkering Prospects in Greece and Southeast Europe George - - PowerPoint PPT Presentation

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LNG for bunkering Prospects in Greece and Southeast Europe George - - PowerPoint PPT Presentation

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LNG for bunkering Prospects in Greece and Southeast Europe George Polychroniou Poseidon Med II - Project Manager Executive Director Strategy, Business Development, Administration & IT DEPA Public Gas Corporation S.A. WHATS NEXT: a

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WHAT’S NEXT: a glance into the future of Shipping

George Polychroniou Poseidon Med II - Project Manager Executive Director Strategy, Business Development, Administration & IT DEPA – Public Gas Corporation S.A.

LNG for bunkering

Prospects in Greece and Southeast Europe

Athens, May 2018

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  • I. Current LNG Market Conditions

II.SSLNG Potentials in Greece and Southeast Europe III.What’s Next?

Content

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  • I. Current LNG Market Conditions

II.SSLNG Potentials in Greece and Southeast Europe III.What’s Next?

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100 200 300 400 500 600 700 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2034 2036 2038 2040 Africa OECD Asia Non-OECD Asia CIS Europe Latin America Middle East North America

LNG Demand (includes boil-off gas) (Mmtpa)

Global LNG Demand

LNG Demand growth under all scenarios Non-OECD Asia is the main growth market Europe remains the residual market LNG demand as transportation fuel grows in importance

Source: IHS Markit

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Mid scale storag e End user (NG) Small scale shippin g Evapo- ration Truck transp

  • rt

Ship bunkeri ng Small scale storag e End user (NG) Evapo- ration Hub Pipelin e End user (NG) Gas explo- ration Liqui- faction Large scale shippin g Evapor ation Source: Wartsila

LNG for shipping needs smaller scale LNG Infrastructure

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European LNG Infrastructure

Most European LNG Terminals provide already loading LNG Truck Stations while in the same time, premises with the capability of LNG bunkering are increasing significantly.

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Global Infrastructure for LNG Bunkering

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  • I. Current LNG Market Conditions

II.SSLNG Potentials in Greece and Southeast Europe III.What’s Next?

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Importance of SSLNG Market in Greece

Greece could be an international LNG bunkering & distribution hub in SE Europe

Tradition - Greece is a world leader in shipping Strategic geographical position Important internal short sea activity (53 Islands with population >1.000 - 111 ports) Need for LNG for other uses (potential for gasification of remote areas) Availability of LNG supply / infrastructure (LNG Terminal – Revithoussa)

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East Mediterranean: Shipping Traffic

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Piraeus is a key port in Global Bunkering

Piraeus on Global Map

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Marine Fuel Industry Road Transport Power Plan Commercial Sector Domestic Sector

LNG Distribution in small scale to serve:

  • New Markets for transport(bunkering,

road transport)

  • High density residential areas & large

industrial & commercial customers in Western Greece & the Islands without access to Natural Gas

  • Non interconnected power generation

plans

SSLNG Infrastructure - Synergies

Existing Network Network under Development New Regions Main HP System

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Poseidon Med II

Poseidon Med II is a key European project aiming to take all the necessary steps towards adoption of LNG as marine fuel in the Eastern Mediterranean Sea, while making Greece an international marine bunkering and distribution hub for LNG in South Eastern Europe.

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3 Countries

  • Greece
  • Cyprus
  • Italy
  • Piraeus
  • Patra
  • Heraklion
  • Igoumenitsa
  • Limassol
  • Venice

6 Ports

Poseidon Med II – Region of Action

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Activities

01

Studies for Ports

02

Designs of Vessels

03

Regulation

04

Financial Synergies

Infrastructure at Revithoussa LNG terminal - LNG infrastructure at 5 ports -

  • Financial assessment
  • Financial tools for investments

Adaptation of regulatory framework - Environmental impact assessment -

  • LNG fuelled vessels (newbuilds & retrofit)
  • LNG bunkering and feeder
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Progress on ports & LNG Terminal Infrastructure

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Progress on Vessels Designs

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  • I. Current LNG Market Conditions

II.SSLNG Potentials in Greece and Southeast Europe III.What’s Next?

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Key conditions for LNG adoption as a bunker fuel

LNG availability LNG main infrastructure LNG competitiveness (full cost) ssLNG supply chain

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LNG Available in Greece since 2000

  • 500

1.000 1.500 2.000 2.500 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

{ ,000 m3 LNG} LNG Volumes unloaded at Revithoussa Terminal

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Role of Revithoussa Terminal

Revythoussa is a small island located in the Saronic Gulf approx. 15miles away from Piraeus Port. Since 1999 it has been operating the main LNG Terminal which is one of the most important infrastructures in Greece.

New Infrastructure

(Under Development)

  • To load bunkering/feeder Vessels
  • Truck Loading

Regional role in SE Europe

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LNG ($/MMBtu) MGO ($/MMBtu) IFO 380 ($/MMBtu)

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Current Marine Fuel prices vs LNG prices

Source: S&P Global - Platts

13,330 7,443

7,200

13,189 7,694

8,550

13,471 7,443

7,497

13,835 7,643

8,300

15,047 8,160

8,200

12,320 7,172

7,196

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Long Term Price Comparison

Last Decade

MGO = 18,76 Brent LNG = 10,45 Brent

Ιαν-08 Σεπ-08 Μαϊ-09 Ιαν-10 Σεπ-10 Μαϊ-11 Ιαν-12 Σεπ-12 Μαϊ-13 Ιαν-14 Σεπ-14 Μαϊ-15 Ιαν-16 Σεπ-16 Μαϊ-17 Ιαν-18 ($/MMBtu) MGO MED LNG SWE 50 100 150 ($/MMBtu) Brent ($/bl) MGO MED LNG SWE

MGO=18,2% Brent LNG=10,87% Brent Today

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DEPA’s Strategic Goals

  • Maintain a leading role in the liberalized competitive domestic

market.

  • Increase the natural gas penetration in the Greek energy

market by developing infrastructure projects and by supplying natural gas to regional markets (mainland, Aegean islands).

  • Become a key player in the broader region – expand trading

activities through participation in international infrastructure projects.

  • Maintain and continuously improve the competitive and

sufficiently diversified natural gas supply portfolio.

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DEPA’s Strategic Planning

DEPA aims to develop SSLNG projects, in cooperation with private investors, to supply new users/markets with NG

  • LNG as marine fuel
  • LNG/CNG in road transport sector
  • LNG for Power Generation Plants on Greek

Aegean islands

  • LNG for off grid areas mainly in Western

Greece (individual/remote consumers, potential distribution companies),

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George Polychroniou Executive Director Strategy, Business Development, Administration & IT DEPA – Public Gas Corporation S.A. Tel: +30 210 2701222 E-mail: G.POLYCHRONIOU@depa.gr

www.poseidonmedii.eu