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Natural gas infrastructure in Europe Experiences of an independent system operator

Natural gas infrastructure in Europe Experiences of an independent system operator. Helmer Horlings. Who we are…. N.V. Nederlandse Gasunie From an integrated natural gas company to infrastructure provider. Shareholders Prior to 1 July 2005 Integrated company. Shareholders From 1 July 2005

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Natural gas infrastructure in Europe Experiences of an independent system operator

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  1. Natural gas infrastructure in EuropeExperiences of an independent system operator Helmer Horlings

  2. Who we are…

  3. N.V. Nederlandse GasunieFrom an integrated natural gas company to infrastructure provider Shareholders Prior to 1 July 2005 Integrated company Shareholders From 1 July 2005 Two companies N.V. Nederlandse Gasunie 100% Infrastructure Gasunie Ministry of Finance 25% 50% 25% GasTerra 25% 50% 25% Trade Ministry of Economic Affairs

  4. Gasunie’s natural gas transport gridFrom 1 July 2008 • Total length 15,000 km • Gas qualities: H-, L- and G-gas • Transported volumes: 125 BCM in 2007 • 18 compressor stations • 1 LNG peak shaver

  5. Natural gas in the European Union…

  6. Natural gas supply situation in 2020 Projected imports amount more than 530 BCM Natural gas supply situation in 2007 Imports amounted some 290 BCM 120 90 110 120 155 200 210 20 50 30 30 Natural gas imports of EU-27 to grow substantially 240 BCM on imported gas to be added in the period 2007-2020 Annual volumes in BCM Indigenous production Imports from outside EU

  7. Colder and longer than average winters • Technical failure • Terrorism • Commercial disputes • Political tensions • Natural disasters Gas supply security Markets’ preparedness for extreme conditions Securing natural gas deliveries also under more extreme than average conditions Policy choices Broad discussion Questions • 1-in-10, 1-in-20 or 1-in-50 winter? • 30, 60 or 90 days with interruption of largest supply? • National measures or a European solution? • Who is responsible for deliveries at extreme conditions? • …

  8. With an increased interconnectivity EU member states could all approach this level Investment requirement € 20 to 30 billion Relative comparison of gas securityImportant gas markets of EU-27 Anno 2007 A large spread on a national level Plentiful • MODEL INPUT • Energy supply mix • Natural gas diversity • Natural gas storage National means to deal with gas crisis Absent Exposure to natural gas supply shocks High Low

  9. +120 BCM of storage above current level Investment requirement € 35 to 50 billion Investment requirement € 60 to 90 billion +70 BCM of storage above current level If no additional large-scale storage constructed Gas security of the EUMaintaining current gas security level requires investments in new storages Anno 2020 Plentiful National means to deal with gas crisis 2007 Absent Exposure to natural gas supply shocks High Low

  10. Market • Let market players take all responsibility • Government to set proper boundary conditions Measures assuring gas security • Long distance pipelines • LNG receiving terminals • Interconnection pipelines • Storages for normal conditions • Demand side management • Storages for extreme conditions Both supply & demand • Governments & market • Let governments take a large share of responsibility through direct participation in strategic projects How to tackle extreme conditions?To what extent are market players willing to invest? Should the governments intervene or participate in projects? By 2020, some € 120 billion need to be invested in EU infrastructure to assure gas security close to its current level ? How to assure adequate investments, including extreme conditions? ?

  11. Gasunie’s new activities…

  12. Gasunie’s business philosophyIndependent gas infrastructure business creates a platform for market openness Open access philosophy Aggregation role Gas storage LNG re-gasification Gas transport

  13. Gasunie invests intensely into infrastructure in Northwest-EuropeProgress between 2005 and present Gas storage Zuidwending BBL Nord Stream LNG Gate Gasunie Deutschland Integrated Open Season North-South expansion

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