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EU energy among Lisbon, Moskow and Kyoto. Dr.Ionut PURICA IPE Academy of Romania. Topics for discussion. Energy Trends in EU Energy Market in a regional context Surrounded – integrated corporate action New Technologies – real options Some Romanian data Conclusions.
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EU energy among Lisbon, Moskow and Kyoto Dr.Ionut PURICA IPE Academy of Romania
Topics for discussion • Energy Trends in EU • Energy Market in a regional context • Surrounded – integrated corporate action • New Technologies – real options • Some Romanian data • Conclusions
New Infrastructure towards the EU-27 (bcm/a) Pipelines, Existing (2006), under construction/planned (2015) • Russia – EU-2006: 176 – 2015: - FRG +55, Bulgaria +30 • Norway – EU-2006: 128 – 2015: UK +11, TBD:<20, Swe/DK:+8 • Algeria – EU-2006: 40 – 2015: Spain +13, Italy +13 • Lybia – EU-2006: 9 • Iran/Caspian – 2015: Bulgaria 23 Total (2006) 344 – (2015) +92-173
Complex traffic risks in the Baltic both surface and submarine
North Stream operational at end 2011; South Stream allowed by Turkey to pass in its waters in Dec.2011: “Best Christmas present to Russia”- Vladimir Putin
LNG gas capacity Likely/possible
Conclusions • EU energy strategy should be viewed at continental level • Environmental measures should include technologies not only markets • North-South view may shed new solutions in the East of the EU • Global corporate strategy needed for energy companies • Development within 3 x 20%: mobilizing local domain objectives without a global view
Be it that you live interesting times (Chinese curse) The road ahead for EU energy