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Gasunie gaat verder in gastransport

Gasunie gaat verder in gastransport. Sharing lessons from unbundling Dutch unbundling, a long and winding road. 4 November 2005, Athens. Agenda. The internal process. The position in the market. The new infrastructure level playing field. 01-01-2002. 01-07-2004. 01-07-2005.

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Gasunie gaat verder in gastransport

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  1. Gasunie gaat verder in gastransport Sharing lessons from unbundling Dutch unbundling, a long and winding road 4 November 2005, Athens

  2. Agenda The internal process The position in the market The new infrastructure level playing field

  3. 01-01-2002 01-07-2004 01-07-2005 Organisational unbundling of Gasunie into Gastransport Services and Gasunie Trade & Supply Establishment of Gas Transport Services B.V. as independent and regulated TSO with its own board Establishment of N.V. Nederlandse Gasunie as independent gas transmission company including GTS as TSO Overview of organisation of Gasunie’s transport activities 2000 – 2005 01-01-2000 Transmission Services division was organisationally split from Gasunie

  4. Ownership structure Before July 1st, 2005 One company Ownership structure After July 1st, 2005 Two separate companies Gasunie 100% Transportcompany Gasunie Dutch State Ministry of Finance Exxon 25% Dutch State 50% 25% Gasunie Trade & Supply Shell Exxon 25% 50% 25% Trading company Dutch State Ministry of Economic Affairs Shell On July 1ST vertical integration has ended Source: Gasunie

  5. Conclusions unbundling process • Unbundling has been a costly process • Unbundling requires major adjustments in: • management process • corporate governance • mindset

  6. Agenda The internal process The position in the market The new infrastructure level playing field

  7. Facts (2004) • Gas volumes • 97 billion m3 transported • Max daily capacity of 420 million m3 • 1350 employees • Infrastructure base • 11.600 km pipelines • 1,100 Gas-distribution stations • 10 Export stations • Customer base • 40 Shippers • 10 gas distribution companies and ~400 industrial consumers/ power generators • Leading record of safety and continuity in operations Facts and figures Gasunie Emden Oude Statenzijl Balgzand Zevenaar Zandvliet Zelzate Hilvarenbeek Source: Gasunie

  8. 100 EDI Access to two under-ground storage facilitates Gasunie Engineering & Technology Majority owner of BBL Emden Oude Statenzijl Balgzand LNG peak shaver Owner of TTF-hub Operating six quality conversion stations 33% owner of Eurohub Zevenaar Zandvliet Zelzate Hilvarenbeek ‘s-Gravenvoeren Other assets of Gasunie Source: Gasunie

  9. Majority of gas streams handled by Gasunie are international Transmission flows Gasunie 2004, contracted flows 97 Bcm Export Import Throughput for international markets Dutch gas for Domestic market Export Import Dutch gas for domestic market Transit Export Source: Gasunie

  10. Gasunie mission To provide safe and reliable transport of natural gas and related services to the integrating European market. Efficient, profitable and sustainable

  11. Agenda The internal process The position in the market The new infrastructure level playing field

  12. Liberalisationand regulation New policy: unbundling of trading and transport activities and establishment of transmission system operators. Different tariff structures and new products Increasedcompetition Not only between traders but also between transmission companies Marketstructure Restructuring of (regional) sales and distribution companies within countries Changing environment New gas streams Decline in European production and rise in demand will increase imports (mainly Russia and LNG)

  13. Increasing number of gas transport companies in Europe Source: GIE

  14. European level playing field for gas infrastructure Examples • Gas distribution assets in the UK & US • LNG terminal • Transmission pipes in Slovakia, Lithuania, Latvia, Estonia and Romania • MND (Czech R.) involved in storage • Pending majority stake in Hungarian MOL • BBL: • Gasunie • Fluxys • E.ON/Ruhrgas • BBL participation (20% stake) • UK Gas Management Services • NEGP: • Gazprom • E.On Ruhrgas • Wingas • Transmission and/ or distribution assets in Germany, Belgium, Slovakia, Russia, Germany, Hungary, Mexico, Canada, Italy and India • Involved in storage in o.a. Austria and the UK • Interconnector: • Amerada Hess • BP • BG • ConocoPhillips • Distrigas • ENI • E.ON/Ruhrgas • Gazprom • International Power • Total

  15. Concerns regarding restructuring EU gas market • Uneven paths to unbundling • Regulatory “patchwork” • Infrastructure investors of a different kind • Does infrastructure fragmentation hinder the attractiveness of Europe as a market for new gas?

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