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Thomas Kleefuß (NET4GAS CEO): NET4GAS Asset Strategy, European Economic Congress 2011Katowice, May 17th 2011
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NET4GAS Asset Strategy
Thomas Kleefuß, CEO
European Economic Congress 2011Katowice, May 17th 2011
With Nordstream, OPAL and Gazelle Gazprom will be able to bypass Ukraine as the major transit country
Current gas flows
Gazelle
White Stream / GUEU
Nabucco / South StreamTauern pipeline
OPAL
Nord Stream
Lanzhot - Baumgarten
Shift of gas flowsexpected from
2011
Major Russian gas flows will be shifted from the Southern Russian onshore transit route to Nord Stream / OPAL / NEL.
The first branch of the offshore Russian transit highway will be used earliest in 2011. The second line will be completed not before 2013.
In order to benefit from the new/planned infrastructure in Southern Europe (e.g. LNG, Caspian gas) starting not before 2012, access to Baumgarten is essential.
Pipeline Project Gazelle is necessary for extension of Nord Stream/OPAL and GE contract (shift to entry point Hora Svate Kateriny).
Project “Lanzhot – Baumgarten connection” is necessary in order to capitalize on infrastructural developments in the South East of Europe.
Future gas flows
3
The Moravian Loop project will foster the interconnection with Poland
3 business opportunities are envisaged: Gazsystem connection for
extending the supply zone achieved with Stork I project
Yamal connection for long distance transports in Poland to provide Caspian gas also to remote Polish areas
Moravian Loop will offer PGNIG the possibilities to market LNG gas outside of Poland into direction of Baumgarten (fostering of Baumgarten development due to additional non-Russian gas)
The Moravian Loop will enhance the national transport system and provide transit opportunities with Poland
Moravian Loop
LNG Terminal
Swinoujscie
Moravian Loop
4
The business case for this project is based on expected regulatory requirements. The project ensures N4G’s first mover position against WAG extension.
N4G North-South-corridor to Poland is already reflected in the European Investment plans (#1). (Moravia Project)
N4G now tries to include Oberkappel connection in the regional and European investment plans (#2)
Connection to Oberkappel will support an EU-North-South corridor and serve as a backbone for a trading region CZ-A-SK-HU
Oberkappel connection
Interconnection point Compressor stationUGS
Oberkappel connection
1
2
Baumgarten
Eustream
5
The shift of flows from Lanzhot to Brandov is already reflected in the transit contracts
E X
E X
E X
E X
In 2011: The GE contract is running
from Lanzhot to Waidhaus Exit to Germany in HSK plays
a role, however compared to the classic East-West flow it is of minor importance
In 2020: Gas from Brandov to
Waidhaus is delivered according to the GE contract
Potential upside may be provided by Nabucco on Lanzhot Entry and Waidhaus and Cesky Tesin Exit.
The remaining border points are of minor importanceMajor flow in 2011
Major flow in 2020
Brandov Sayda/Olbernhau
Cesky Tesin
Lanzhot
Waidhaus
All figures in mcm/day
Transit contracts and upsides for N4G
Contracts Nabucco High caseNabuco Low case
E X
20112020
20112020
-101030507090
110130150
20112020
20112020
010203040506070
20112020
20112020
02468
101214
020406080
100120140
20112020
20112020
0
40
80
120
160
6
Connect OPAL in Q3 2011 with NET4GAS grid
Completion Czech-Polish connection in Q3 2011
Build and connect Gazelle till the end of 2012
Connect Czech grid with Baumgarten either LBL or Nabucco
Develop Moravian Loop as part of North South Corridor depending on
capacitiy demand beyond 2017 from Poland and local market (also
Nabucco volumes should be transported)
Develop the Czech-Austrian (Oberkappel) connection around 2018 as
competitive answer towards WAG extension or E.ON Bohemia WAG
connection and as significant contribution to Target Regions (CR-AT-SK-
HU)
Overview of Key Strategic Measures
Strategy Paper 20117
Trading Region AB = Cross-border entry/exit system including all nominated points on the transmission systems of countries A and B
End-user Zone = National balancing zone for national final customers, no matter the system (distribution or transmission) they are connected to
Virtual point of the trading region serving as the sole marketplace of the trading region and all attached end-user zones. Shifting of gas between trading region and end-user zone is done by nominating a virtual exit on the VP.
A trading region allows shipper to bundled their purchase portfolios but not the supply portfolios of the countries inside
Storages and indigenous productions of the countries inside the region are linked to the VP
The trading region model reduces the requirements of legal conditions between participating countries for establishing of cross-border markets as much as possible
Trading Regions enable i.e. faster establishment of functioning wholesale markets
Trading Region model at a glance
,
-
E or X contract X contract
Country A Country B
Trading Region AB
End-userZone A
End-userZone B
Final customers (A) Final customers (B)
VPVP
NB: Trading regions can be developed also for more than two countries and don’t hamper the establishment of full merged markets later
8
N4G enables a functioning market in Central Europe by forming a trading region with Austria, Slovakia and Hungary
One investment to Austria just required (Vodňany <> Oberkappel would be (probably) necessary in order to establish a trading region (one wholesale market) together with A, SK, HUN and maybe SLO
One common VP and gas exchange Hub-to-Hub capacity products to all
neighbouring markets and maybe beyond
National distribution zones remain substantially unaffected
Expected benefits are (a) shift of unused transit capacities to required intra market capacities, (b) reduction of pipe-to-pipe competition and (c) continuing eye-level TSO cooperation/ avoiding RSO
Trading Region in Central Europe
PL-Hub
ROM-HubPSV
(CEGH+)
NCG
Gaspool
9
N4G follows clearly defined steps to build a turntable between CEE and NWE markets
East
-Wes
t tra
nspo
rter
with
suffi
cien
t re
vers
e flo
w p
ossi
bilit
es in
pla
ce
Gas
turn
tabl
e in
Cen
tral
Eur
ope
Regulatory aspects
As of today 2020
Austria connected with adequate tariff in 2014
Interconnection with Austria: Oberkappel in
2018 (South)
Interconnection with Poland in 2011
(North)
Bundled products in place with all
adjacent TSO in 2012
GATRAC is used as a core for VP2VP
products in Europe
Trading region A-SK-CZ-HU established in
2018
Asset aspects
2011-2013 2014-2017 2018-2020