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Security of Supply and Demand in a Liberalised European Natural Gas Market

Security of Supply and Demand in a Liberalised European Natural Gas Market. Mario Puleo Managing Director, EconGas Italia S.r.l. Managing Director, EconGas Hungária Kft . Istanbul, June 9 th , 2009. Agenda. European Market Background

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Security of Supply and Demand in a Liberalised European Natural Gas Market

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  1. Security of Supply and Demand in a Liberalised European Natural Gas Market Mario Puleo Managing Director, EconGas Italia S.r.l. Managing Director, EconGas Hungária Kft. Istanbul, June 9th, 2009

  2. Agenda • European Market Background • Key Topics for European Natural Gas Suppliers in the Medium/Long Term • The Positioning of OMV and EconGas in a Liberalised European Natural Gas Market EconGas, June 2009

  3. Agenda • European Market Background • Key Topics for European Natural Gas Suppliers in the Medium/Long Term • The Positioning of OMV and EconGas in a Liberalised European Natural Gas Market EconGas, June 2009

  4. EU Natural Gas Demand Increases Despite Downturn Supply vs. Demand Short / medium term: Oversupply (to 2012+) Long term: Supply gap Δ Demand 2007-2030 + 28% Supply Gap 2030 443 bcm 4 Source: EconGas based on Global Insight: European Energy and Environmental Outlook 2008 und OMV 2008 * Supply Gap = Consumption – Production – Contracted Imports EconGas, June 2009

  5. CEGH DevelopmentCentral European Gas Hub 70 active members as of May 2009 (87 total) Total traded volume reached an all-time high of over 2 bcm in December 2008. 5 5 Source: CEGH 2008 EconGas, June 2009

  6. Δ Demand 2007-2030 + 28% Supply Gap 2030 443 bcm EU Natural Gas Demand Increases Despite Downturn Δ Production 2007- 2030 - 66,5% Supply vs. Demand • Short / medium term: • Oversupply (to 2012+) • Long term: • Supply gap • Indigenous production declines by 60 Percent from 2007-2030 Source: EconGas based on Global Insight: European Energy and Environmental Outlook 2008 und OMV 2008 * Supply Gap = Consumption – Production – Contracted Imports EconGas, June 2009

  7. Agenda • European Market Background • Key Topics for European Natural Gas Suppliers in the Medium/Long Term • The Positioning of OMV and EconGas in a Liberalised European Natural Gas Market EconGas, June 2009

  8. Aspects of security of supply? • “Security of supply is the biggest challenge of European Energy policy.” (acc. to Mr. A. Piebalgs; 2007) • “Energy security is comprehensive. It’s like a coin with two sides. Security of supply cannot be separated from security of demand.” (acc. to Mr. A. Medvedev; 2006) • “It is our responsibility to evaluate all options to secure long-term energy supply for central Europe in an increasingly competitive environment.” (acc. to Mr. W. Ruttenstorfer; June 2007) • “Security of supply means that consumers are able to obtain natural gas at the time it is needed, with a defined quality and transparent and cost oriented prices.” (acc. to CEER; 2004) • “Security of supply means, with respect to the good of all consumers, to secure that energy sources are available on the market continuously and at prices all consumers can cope with.” (acc. to 1st energy round table E-Control; 2003) EconGas, June 2009

  9. The long term goal:Four supply channels for Europe Proved reserves in trillion cubic metres LNG LNG LNG LNG LNG LNG Russia 47.6 2.3 0.4 0.2 1.4 Middle East 73.4 0.1 Nabucco 0.1 Algeria 4.5 1.5 9 Source: EconGas based on EIA - Energy Information Administration; 01/2009 EconGas, June 2009

  10. Storage • Relative to consumption, Austria has the largest storage volumes among EU-15 countries Source: EconGas based on Global Insight 2008, OMV 2009 EconGas, June 2009

  11. Agenda • European Market Background • Key Topics for European Natural Gas Suppliers in the Medium/Long Term • The Positioning of OMV and EconGas in a Liberalised European Natural Gas Market

  12. A strong line-up 2.73% BEGAS • EconGas, a European natural gas sales company focused on large business customers and wholesale, combines the know how and competencies of its owners: • OMV on the up and midstream side • and four important Austrian multi-utilities on the downstream side. 14.25% EGBV 50.00% OMV Gas & Power 16.51% WIEN ENERGIE 16.51% EVN

  13. OMV Gas & Power GmbH OMV Gas & Power GmbH OMV Gas & Power GmbH OMV Gas GmbH OMV Gas GmbH OMV Gas GmbH OMV Gas GmbH OMV Gas GmbH OMV Gas GmbH OMV Power OMV Power OMV Power EconGas GmbH EconGas GmbH EconGas GmbH Nabucco Gas Pipeline Nabucco Gas Pipeline Nabucco Gas Pipeline 1 EconGas EconGas EconGas GmbH GmbH GmbH (100%) (100%) (100%) (100%) (100%) (100%) (59,26%) (59,26%) 1 1 (50%) (50%) (50%) Central Central Central Central Central Central GmbH GmbH GmbH (100%) (100%) (100%) International GmbH International GmbH International GmbH International GmbH International GmbH International GmbH (59,26%) BOG GmbH BOG GmbH BOG GmbH BOG GmbH BOG GmbH BOG GmbH European European European European European European (100%) (100%) (100%) (16,67%) (16,67%) (16,67%) Borasco Borasco Borasco Electric Electric Electric Ü Ü Ü Gas Hub AG Gas Hub AG Gas Hub AG Gas Hub AG Gas Hub AG Gas Hub AG TAG GmbH TAG GmbH TAG GmbH TAG GmbH TAG GmbH TAG GmbH ve ve ve Ticaret Ticaret Ticaret A.S. A.S. A.S. Borasco Borasco Borasco Electric Electric Electric Ü Ü Ü retim retim retim Sanavi Sanavi Sanavi Ve Ve Ve 100% 100% 100% Nabucco Nabucco Nabucco Gas Gas Gas Ticaret Ticaret Ticaret A.S. A.S. A.S. 1 1 1 1 1 1 Petrom S.A. Petrom S.A. Petrom S.A. Petrom S.A. Petrom S.A. Petrom S.A. Pipeline Pipeline Pipeline Austria Austria Austria GmbH GmbH GmbH (51%) (51%) (51%) 1 1 1 (51%) (51%) (51%) Petrom S.A. Petrom S.A. Petrom S.A. (51%) (51%) (51%) Petrom S.A. Petrom S.A. Petrom S.A. Petrom S.A. Petrom S.A. Petrom S.A. Petrom S.A. Petrom S.A. Petrom S.A. (51%) (51%) (51%) (51%) (51%) (51%) 2 (51%) (51%) (51%) 2 2 2 2 2 2 2 2 Central Central Central 100% 100% 100% Nabucco Nabucco Nabucco Hungaria Hungaria Hungaria OMV Gaz OMV Gaz OMV Gaz ve ve ve Enerji Enerji Enerji Ltd. Ltd. Ltd. Sti Sti Sti OMV Gaz OMV Gaz OMV Gaz ve ve ve Enerji Enerji Enerji OMV Gaz OMV Gaz OMV Gaz ve ve ve Enerji Enerji Enerji Ltd. Ltd. Ltd. European European European Gas Pipeline Ltd. Gas Pipeline Ltd. Gas Pipeline Ltd. (100%) (100%) (100%) (100%) (100%) (100%) OMV Gaz ve Enerji Ltd. OMV Gaz ve Enerji Ltd. OMV Gaz ve Enerji Ltd. OMV Gaz ve Enerji Ltd. OMV Gaz ve Enerji Ltd. OMV Gaz ve Enerji Ltd. OMV Gaz ve Enerji OMV Gaz ve Enerji OMV Gaz ve Enerji (100%) (100%) (100%) Gas Hub AG Gas Hub AG Gas Hub AG Doljchim Doljchim Doljchim Sti Sti Sti . . . Sti Sti Sti . . . Ltd. Ltd. Sti Sti . . 100% 100% 100% Nabucco Nabucco Nabucco Gas Gas Gas (100%) (100%) (100%) (100%) (100%) (100%) (100%) (100%) (100%) Ltd. Sti . Pipeline Pipeline Pipeline Romania Romania Romania S.R.L. S.R.L. S.R.L. OMV Gas Adria OMV Gas Adria OMV Gas Adria d.o.o d.o.o d.o.o . . . GmbH ( GmbH ( GmbH ( 65%) 65%) 65%) International GmbH International GmbH International GmbH 100% 100% 100% Nabucco Nabucco Nabucco Gas Gas Gas (100%) (100%) (100%) Pipeline Pipeline Pipeline Bulgaria Bulgaria Bulgaria EOOD EOOD EOOD Adria LNG Adria LNG Adria LNG d.o.o d.o.o d.o.o . . . (25,58%) (25,58%) (25,58%) OMV Gas Adria OMV Gas Adria OMV Gas Adria d.o.o d.o.o d.o.o . . . 100% 100% 100% Nabucco Nabucco Nabucco T T T ü ü ü rkiye rkiye rkiye Gate Gate Gate terminal terminal terminal b.v b.v b.v . . . (5%) (5%) (5%) Gaz Gaz Gaz Boruhatti Boruhatti Boruhatti Ltd. Ltd. Ltd. Sti Sti Sti . . . Adria LNG Adria LNG Adria LNG d.o.o d.o.o d.o.o . . . Gate Gate Gate terminal terminal terminal b.v b.v b.v . . . (5%) (5%) (5%) Business Unit Business Unit Business Unit Gas Gas Gas Supply Supply Supply , , , Business Unit Business Unit Business Unit Nabucco Nabucco Nabucco Marketing & Trading Marketing & Trading Marketing & Trading Gas Gas Gas Logistics Logistics Logistics Business Unit Power Business Unit Power Business Unit Power 1) Direkte und indirekte Beteiligung. 1) Direkte und indirekte Beteiligung. 2) Petrom S.A. ist eine 51% Tochtergesellschaft der OMV Aktienge 2) Petrom S.A. ist eine 51% Tochtergesellschaft der OMV Aktienge sellschaft. OMV Gas & Power koordiniert das Gasgesch sellschaft. OMV Gas & Power koordiniert das Gasgesch ä ä ft der Petrom. ft der Petrom. EconGas within OMV Gas & Power • Direct and indirect shares. • Petrom S.A. is a 51% subsidiary of OMV Aktiengesellschaft. OMV Gas & Power coordinates Petrom‘s gas business.

  14. EconGas Profile • Core business • Direct marketing of natural gas to large European consumers • Wholesaling to European distributors • Gas trading on international exchanges • Target markets • Austria, Germany, Italy, Hungary, Croatia, Czech Republic, Slovakia, Slovenia • Highlights of financial year 2008 • Sales: 7.2 bcm • Revenue: EUR 2.5 bn • Exports: approx. 27 Percent HQ: Ares-Tower, Donau-City, Vienna

  15. Target markets Steady growth Organic growth: new power station projects underpin long-term volume growth Wholesale / strategic alliances Market monitoring Trading used to spearhead market entry EconGas sites Baumgarten hub/CEGH EconGas LNG activities/plans EconGas presence on hubs

  16. Thank you for your attention! 16

  17. EconGas GmbH ARES Tower, Donau-City-Strasse 11, 1220 Vienna, Austria Honauerstrasse 2, 4020 Linz, Austria EconGas Deutschland GmbH Furtmayrstraße 3, 93053 Regensburg, Germany EconGas Italia S.r.l. Piazza Castello 16, 20121 Milano, Italy EconGas Hungária Kft. Andrássy út 70, 1062 Budapest, Hungary www.econgas.com 17

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