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Investment in LNG. Different approaches in EU. FRANCISCO DE LA FLOR - GLE PRESIDENT. SOURCE: TOTAL. LNG Increasing Demand. x27. LNG Infrastructures in the World 2007. Existing LNG Terminals. (58). LNG Terminals under construction / committed. (35-40). LNG Terminals planned/under study.
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Investment in LNG Different approaches in EU FRANCISCO DE LA FLOR - GLE PRESIDENT GLE
SOURCE: TOTAL LNG Increasing Demand GLE
x27 LNG Infrastructures in the World 2007 Existing LNG Terminals (58) LNG Terminals under construction / committed (35-40) LNG Terminals planned/under study (70-80) (21) Existing Liquefaction Terminals SOURCE: PETROLEUM ECONOMIST & LNG JOURNAL (40-50) Liquefaction Terminals under construction/planned/under study GLE
LNG Increasing Demand in OCDE Countries bcm 600 400 80-160 bcm 60-100 bcm 200 0 2005 2010 2015 Pipeline Imports LNG Imports Regional Production SOURCE: NATURAL GAS MARKET REVIEW 2007, IEA GLE
LNG Terminals in Europe 15 Existing LNG Terminals 8 LNG Terminals under construction/ commmitted 23 LNG Terminals under study/planned • LNG plays different roles in each EU country. • LNG regulation differs in each MS depending on national needs andparticularities. GLE
Gijón - ENAGAS SEND-OUT (m3/h) 800.000 2 Nº TANKS Ferrol - REGANOSA 300.000 STORAGE (m3 LNG) SEND-OUT (m3/h) 412.000 Nº TANKS 2 STORAGE (m3 LNG) 300.000 Barcelona - ENAGAS 1.700.000 SEND-OUT (m3/h) Tenerife - GASCAN 6 Nº TANKS STORAGE (m3 LNG) 150.000 SEND-OUT (m3/h) 540.000 1 Nº TANKS 150.000 STORAGE (m3 LNG) Sagunto - SAGGAS 800.000 SEND-OUT (m3/h) Gran Canaria-GASCAN 2 Nº TANKS STORAGE (m3 LNG) 300.000 150.000 SEND-OUT (m3/h) 1 Nº TANKS 150.000 STORAGE (m3 LNG) Cartagena- ENAGAS Huelva- ENAGAS Bilbao - BBG EXISTING 1.200.000 1.200.000 1.200.000 SEND-OUT (m3/h) SEND-OUT (m3/h) SEND-OUT (m3/h) 3 4 3 Nº TANKS Nº TANKS Nº TANKS UNDER STUDY/PLANNED STORAGE (m3 LNG) STORAGE (m3 LNG) STORAGE (m3 LNG) 300.000 470.000 290.000 UNDER EXPANSION PROCESS Different Approaches: SPAIN • Demand Growth (PowerGen + Backing-up Renewables) • Full r-TPA without exemptions • Government’s Infrastructure Mandatory Planning • LNG terminals considered Basic Infrastructures as Pipelines and UGSs. (1) (1) COMMITTED/ UNDER CONSTRUCTION GLE
Regasification Capacity Storage Capacity Number of tanks Spanish LNG Infrastructures to 2011 GLE
Anglesey SouthHook – SOUTHOOK LNG Dragon – DRAGON LNG Canvey Island SEND-OUT (m3/h) SEND-OUT (m3/h) Nº TANKS Nº TANKS 2.400.000 STORAGE (m3 LNG) STORAGE (m3 LNG) 5 775.000 Isle of Grain - NGC 708.000 SEND-OUT (m3/h) 4 Nº TANKS STORAGE (m3 LNG) 200.000 EXISTING 1.050.000 3 UNDER STUDY/PLANNED 504.000 UNDER EXPANSION PROCESS Different Approaches: UNITED KINGDOM • Cover Increasing Dependency on gas imports • Allow Supply Diversification • All terminals exempted COMMITTED/ UNDER CONSTRUCTION GLE
Trieste Zaule Panigaglia - SRG 439.000 SEND-OUT (m3/h) 2 Nº TANKS STORAGE (m3 LNG) 100.000 1.000.000 Adriatic – ADRIATIC LNG 2 Toscana Offshore 250.000 SEND-OUT (m3/h) Nº TANKS Rosignano Brindisi STORAGE (m3 LNG) 1.300.000 SEND-OUT (m3/h) 4 Nº TANKS 640.000 STORAGE (m3 LNG) Porto Empedocie Taranto EXISTING Priolo San Ferdinando UNDER STUDY/PLANNED Gioia Tauro UNDER EXPANSION PROCESS DIFFERENT APPROACHES: ITALY • Cover Increasing Dependency • New terminals almost completely exempted (80%) • Many projects announced, only few in progress COMMITTED/ UNDER CONSTRUCTION GLE
Fos Tonkin - GdF Dunkerque 150.000 SEND-OUT (m3/h) 3 Nº TANKS STORAGE (m3 LNG) 150.000 Montoir - GdF Fos Cavaou – STMFC SEND-OUT (m3/h) 1.380.400 3 Nº TANKS 1.160.000 SEND-OUT (m3/h) STORAGE (m3 LNG) 360.000 3 Nº TANKS 330.000 STORAGE (m3 LNG) EXISTING COMMITTED/ UNDER CONSTRUCTION UNDER STUDY/PLANNED UNDER EXPANSION PROCESS DIFFERENT APROACHES: FRANCE Le Havre • Supply diversification • r-TPA for existing terminals • New terminals exempted/regulated ? Le Verdon Le Verdon Fos-sur-Mer GLE
Zeebrugge – FLUXYS LNG SEND-OUT (m3/h) 750.000 Nº TANKS 3 STORAGE (m3 LNG) 261.000 EXISTING COMMITTED/ UNDER CONSTRUCTION UNDER STUDY/PLANNED UNDER EXPANSION PROCESS DIFFERENT APROACHES: BELGIUM • Strategic Geographic situation (Zeebrugge Hub) • Transition to multi-shipper environment • r-TPA with long term contracts GLE
Sines – REN ATLANTICO SEND-OUT (m3/h) 900.000 Nº TANKS 2 STORAGE (m3 LNG) 240.000 Revithoussa - DESFA SEND-OUT (m3/h) 240.000 Nº TANKS EXISTING 2 STORAGE (m3 LNG) 130.000 COMMITTED/ UNDER CONSTRUCTION UNDER STUDY/PLANNED UNDER EXPANSION PROCESS Other Approaches: PORTUGAL AND GREECE • Security and diversification of Supply • Regulated terminals • r-TPA GLE
GERMANY THE NETHERLANDS WILHELMSHAFEN GATE TERMINAL POLAND EEMSHAVEN SWINOUJSCIE LIONGAS CROATIA OMISALJ CYPRUS VASSILIKO EXISTING COMMITTED/ UNDER CONSTRUCTION UNDER STUDY/PLANNED UNDER EXPANSION PROCESS Other Approaches (II): • Supply diversification. • Exempted terminals with long-term contracts. • Long permits/authorisations/exemptions phase. GLE
bn € 14 12 10 8 6 4 2 0 Existing Committed/ Under Planned/ Under (Expansion) construction study SOURCE: GLE MAP & ROUGH INTERNAL ASSESSMENT EU FUTURE LNG INVESTMENTS 2007-2012 • Significant Investments ongoing • Allowing Supply Diversification • Increasing Gas Supply competition • Long-term Commitment (regulatory and/or contractual) GLE