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Gas Bridge between Caspian Region / Middle East/Egypt and Europe

4th Vienna Economic Forum November 5-6, 2007 Reinhard MITSCHEK OMV Gas International GmbH Senior Vice President Logistics Nabucco Gas Pipeline Int‘l GmbH Managing Director. Gas Bridge between Caspian Region / Middle East/Egypt and Europe. www.nabucco-pipeline.com.

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Gas Bridge between Caspian Region / Middle East/Egypt and Europe

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  1. 4th Vienna Economic ForumNovember 5-6, 2007 Reinhard MITSCHEKOMV Gas International GmbHSenior Vice President LogisticsNabucco Gas Pipeline Int‘l GmbHManaging Director Gas Bridge between Caspian Region / Middle East/Egypt and Europe www.nabucco-pipeline.com

  2. Nabucco Gas Pipeline ProjectGas imports to European Union 2006 Gas imports Source: European Commission, Competition DG, Energy Sector Inquiry/Draft Preliminary Report Source: BP Statistical Review 2005Source: Study A.T. Kearney, „Russland am Gashahn“, January 2006

  3. Nabucco Gas Pipeline ProjectLink between giant gas sources and potential markets 3,450 47,650 1,350 84,490Caspian Region Middle Eastand Egypt 4,500 Source: BP Statistical Review 6/2007 (in bcm)

  4. Nabucco Gas Pipeline ProjectNew gas transmission possibility • Pipeline Diameter: 56“ • Distance: 3,300 km • Investment: ~ 5 bill. € • Transport capacity:max. 31 bcmy • Pipeline Diameter: 56“ • Distance: 3,300 km • Investment: ~ 5 bill. € • Transport capacity:max. 31 bcmy VIENNA BUDAPEST BUCHAREST SOFIA ISTANBUL ANKARA

  5. 2009 2010 2011 2012 2013 2014 2015 2016 2017 Construction Step I Construction Step I Constr. Step II Constr. Step II O p e r a t i o n O p e r a t i o n Nabucco Gas Pipeline Project Construction

  6. Nabucco Gas Pipeline Project Gas Supply Sources Baumgarten Russia Romania Black Sea Caspian Region Egypt Middle East

  7. Nabucco will balance the steady long term supply contracts for Europe with flexibility services to produce market required swing. 15 bcm via Baumgarten 2 bcm Hungary 2 bcm Romania 1 bcm Bulgaria Nabucco volumes for EUROPE: 20 bcm 5-10 bcm for Turkey

  8. Nabucco Gas Pipeline ProjectResults and Progress until Q3 2007 • Approval for Exemption granted by Austria‘s Energy Control Commission • Binding offer from new potential Shareholders • Signed Letters of Intent with potential Shippers from Norway, Austria, Italy, Germany, Switzerland, Ukraine, Azerbaijan Ongoing negotiations for further LOIs with Shippers from Netherlands, France, Italy and Czech Republic. • National Nabucco Companies founded in Austria, Hungary, Romania and Bulgaria • Approval for EU-funding, 2nd step • Candidates for Owner‘s Engineer short listed – offers work in progress

  9. Nabucco Gas Pipeline ProjectObjectives Q4 2007 and Q1 2008 • Implementation of one or two new Shareholder(s) • Execution of Open Season procedure • Approval for Exemption based on Art 22 of Gas Directive • Foundation of National Nabucco Companies • Start of Negotiations with Financial Institutions • Start up of Owner‘s Engineer for General Engineering / Front End Engineering Design and for the Environmental/Social Impact Assessment Goal: Investment Decision

  10. Nabucco Gas Pipeline Project Conclusions • New routes for gas from existing and new suppliers will enhance competition on the European gas market • Europe will need more than one or two new infrastructure projects to cover the future gas needs • Cooperation of European institutions, national authorities of the involved countries, investors of infrastrucure and suppliers will be of essence to be sucessful • Global competition for gas sources will become much more crucial compared to European competition on demand markets

  11. Nabucco Gas Pipeline ProjectContact Nabucco Gas Pipeline International GmbH floridotower Floridsdorfer Haupstraße 1; 1210 Vienna Austria Reinhard Mitschek Tel. +43 1 2700 371 28660 Fax: +43 1 2700 371 28669 e-mail: reinhard.mitschek@nabucco-pipeline.com

  12. Gas Bridge between Caspian Region / Middle East and Europe

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