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Madrid, 27 th October 2009

11th IG Meeting South Gas Regional Initiative. Madrid, 27 th October 2009. 11th IG meeting S-GRI- Agenda. II. Open Season Procedures II.1 Results of the capacity requesting period of 2013 OS. Incidents and results of the capacity requesting period of 2013 OS Presentation by TSOs.

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Madrid, 27 th October 2009

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  1. 11th IG Meeting South Gas Regional Initiative Madrid, 27th October 2009

  2. 11th IG meeting S-GRI- Agenda

  3. II. Open Season ProceduresII.1 Results of the capacity requesting period of 2013 OS Incidents and results of the capacity requesting period of 2013 OS Presentation by TSOs

  4. II. Open Season ProceduresII.2 Investment decision-making regarding 2013 OS • 2013 OS AGENDA Capacity requesting period ECONOMIC TEST Decision-making step

  5. II. Open Season ProceduresII.2 Investment decision-making regarding 2013 OS • BINDING CAPACITY REQUESTING PERIOD RESULTS • Participation of 8 different business groups • 33 companies, from 11 different countries, showed their interest in the process (2013 and 2015 OS) • 12 application forms received, 11 multiannual, for 10 years or more, and 1 multiseasonal CONFIDENTIAL

  6. II. Open Season ProceduresII.2 Investment decision-making regarding 2013 OS • CAPACITY REQUESTED

  7. II. Open Season ProceduresII.2 Investment decision-making regarding 2013 OS • INVESTMENTS REQUIRED(according to TSOs’ joint investment plan, published in July 2007, updated in march 2008)

  8. II. Open Season ProceduresII.2 Investment decision-making regarding 2013 OS • CRE’S TEST TO VALIDATE INVESTMENTS

  9. II. Open Season ProceduresII.2 Investment decision-making regarding 2013 OS • EUROPEAN RECOVERY PLAN • Objective: the development of energy projects that contribute to SoS (diversification of gas sources, routes and supplies) and energy networks’ optimization and integration • Preliminary financial envelope assigned to Africa-Spain-France and Western axis: 245 mill €, 200 mill. € to France and 45 mill. € to Spain • Final decision: late dec-09, early Jan-10

  10. II. Open Season ProceduresII.2 Investment decision-making regarding 2013 OS • CONCLUSIONS AND NEXT STEPS • Final allocation before 30th October and contracts signature before 30th November : • A NEED FOR A QUICK INVESTMENT DECISION INSIDE THE SGRI • TSOs’ investment economic burden may be relieved by European Funds: • INVESTMENTS REDUCED BY 36% IN FRANCE (FROM 550 M€ TO 350 M€) AND BY 7% IN SPAIN (FORM 609 M€ TO 564 M€)

  11. II. Open Season ProceduresII.2 Investment decision-making regarding 2013 OS • CONCLUSIONS AND NEXT STEPS • Capacity assigned in case of not building Irún 30,8 GWh/d (22,3%) with Irún 186,6 GWh/d (91,5%) with Irún 180 GWh/d (100%) with Irún

  12. Capacityassigned Capacityoffered II. Open Season ProceduresII.2 Investment decision-making regarding 2013 OS • CONCLUSIONS AND NEXT STEPS • Demand versus offer considering Larrau and Biriatou

  13. Capacityassigned Capacityoffered II. Open Season ProceduresII.2 Investment decision-making regarding 2013 OS • CONCLUSIONS AND NEXT STEPS • Capacity assigned in case of not building Irún

  14. II. Open Season ProceduresII.2 Investment decision-making regarding 2013 OS • CONCLUSIONS AND NEXT STEPS • Capacity assigned in case of not building Irún CapacityassignedwithonlyLarrau Capacitynotassignedduetolack of invetsments in Biriatou

  15. II. Open Season ProceduresII.2 Investment decision-making regarding 2013 OS • CONCLUSIONS AND NEXT STEPS • THE NEED FOR DEVELOPING IRUN INTERCONNECTION POINT: • Current capacity requested at S-F interconnection point would allocate 100% of capacity offered from Spain to France and 60% of capacity offered from France to Spain: High contracting level expected • Capacity requested from Spain to France at the border is 200% above capacity offered at this point (Larrau+Irún): important market’s interest • Not building Irún means reducing capacity offered, and then allocated, at S-F border. Moreover, since most of shippers requested coordinated capacity along corridors, reducing capacity offered at one point reduces capacity allocated in the rest of aligned points

  16. II. Open Season ProceduresII.2 Investment decision-making regarding 2013 OS • CONCLUSIONS AND NEXT STEPS • THE NEED FOR DEVELOPING IRUN INTERCONNECTION POINT: • Less allocated capacity means less use of infrastructures along the corridor, which may jeopardize investment cost recovery • In general in Europe capacity booked at 100% in one flow sense justifies investments • Capacity reserved for short term contracts will also produce incomes • Both projects are highly relevant from an strategic point of view and for security of supply • Building Larrau and Bitiatoumeans shippers will received 50% of the capacity they requested. If Biriatou is not built, this figure is reduced to 30%, which will seriously affect their business plans, introducing uncertainties and reducing process credibility.

  17. II. Open Season ProceduresII.3 2015 OS: Further actions • RESULTS OF THE NON-BINDING CAPACITY REQUESTING PERIOD

  18. II. Open Season ProceduresII.3 2015 OS: Further actions • 2015 OS CALENDAR

  19. II. Open Season ProceduresII.3 2015 OS: Further actions • NEXT STEPS REGARDING 2015 OS • Principles to decide on network scheme design and capacity to sell • Detailed calendar for 2010 • Documentation required for the binding phase • Information memorandum • Application forms • allocation rules, etc.

  20. III. AOB

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