DOCSLIB.ORG

EBRD Financing for Gas Projects in the CESEC Region CESEC Gas Plenary & Working Group 13Th February 2020, Brussels

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
EBRD Financing for Gas Projects in the CESEC Region CESEC Gas Plenary & Working Group 13Th February 2020, Brussels EBRD financing for gas projects in the CESEC region CESEC Gas Plenary & Working Group 13th February 2020, Brussels Mark Lane PUBLIC Introduction to EBRD PUBLIC Overview of EBRD Key Facts Shareholding Structure Established in 1991. 9% The EBRD is owned by 69 countries from five continents, as well as the European 9% Union and the European Investment 10% 64% Bank. 8% Capital base of €30 billion The EBRD has a triple-A rating from all three main rating agencies (S&P, Moody’s EU27 countries EBRD region Includes European Community and Excluding EU, and Fitch) European Investment Bank (EIB) Russia at 4% each at 3%. Among other EU countries: France, Germany, Italy, Invested €140 billion in 5,777 projects, and the UK each holds 8.6% since inception USA Japan Other 79% private sector share As at December 2018 PUBLIC 3 Overview of EBRD Where we operate PUBLIC 4 EBRD portfolio of projects • In 2019, number of projects in portfolio exceeds 2,000 for the first time • €8.6bn in South-Eastern Europe PUBLIC EBRD Annual Bank Investment (ABI) - 2019 • Record level of Annual Bank Investment in 2019 €10bn ABI 452 projects • €1.7bn in South-Eastern Europe PUBLIC Green Economy Transition ABI • In 2015, EBRD set a target of increasing green financing from 25% to 40% of its annual investment by 2020. • In 2019, Green investments of €4.6 billion accounted for 46% of total financing. • To date, the EBRD has signed €34 billion in green investments, financed over 1,900 Green projects that are expected to reduce carbon emissions by 102 million tonnes annually. • In 2019 alone, the Bank financed over 2.2 GW of new renewable power capacity. PUBLIC EBRD investment in energy sector Investment in SE Europe and other CESEC countries Cumulative EBRD financing in the energy sector since South East Europe accounts for 15% of EBRD’s 1992 has reached EUR 18bn, spread across c.400 total portfolio with energy projects comprising 4% projects of the total or 18% of total EBRD energy investment. 10000 9000 In 2019, EBRD invested over EUR 1.6bn in 39 8000 in the energy sector. 7000 projects 6000 5000 Energy projects portfolio – by sub-sector 4000 Portfolio €m 3000 2000 1000 0 of which 48% in the CESEC region Natural Conventional Gas 18% power generation … 100% 80% 60% 40% 20% Power 0% T&D; 28% Renewable s 37% Energy Non-energy PUBLIC 8 Energy composition in overall EBRD portfolio EBRD Total Projects – 5,670 Cumulative Investment (€m) – €142 billion Private sector – 79% 228 39 EBRD Total – Dec ‘19 Active projects – 2,092 Portfolio (€m) – 46,051 Annual projects – 452 ABI (€m) – 10,092 EBRD Energy – Dec ‘19 Active projects – 228 €8,997m €1,637m Portfolio (€m) – 8,997 Annual projects – 39 ABI (€m) – 1,637 PUBLIC 9 EBRD energy projects in CESEC countries – Dec19 Albania Ukraine Serbia Slovenia Active projects – 8 Active projects – 30 Active projects – 9 Active projects – 1 Portfolio (€m) – 483 (5%) Portfolio (€m) – 1,189 (13%) Portfolio (€m) – 340 (4%) Portfolio (€m) – 51 (1%) Annual projects – 3 Annual projects – 11 Annual projects – 0 Annual projects – 0 ABI (€m) – 111 (7%) ABI (€m) – 322 (20%) ABI (€m) – (0%) ABI (€m) – 0 (0%) Bosnia and Herzegovina Slovakia Active projects – 5 Active projects – 1 Portfolio (€m) – 36 (0%) Portfolio (€m) – 0 (0%) Annual projects – 0 Annual projects – 0 ABI (€m) – (0%) ABI (€m) – (0%) Bulgaria Romania Active projects – 8 Active projects – 5 Portfolio (€m) – 264 (3%) Portfolio (€m) – 175 (2%) Annual projects – 0 Annual projects – 0 ABI (€m) – (0%) ABI (€m) – 0 (0%) Croatia North Macedonia Active projects – 3 Active projects – 7 Portfolio (€m) – 48 (1%) Portfolio (€m) – 76 (1%) Annual projects – 0 Annual projects – 1 ABI (€m) – (0%) ABI (€m) – 6 (0%) Greece Hungary Kosovo Montenegro Active projects – 6 Active projects – 2 Active projects – 3 Active projects – 5 Portfolio (€m) – 364 (4%) Portfolio (€m) – 44 (0%) Portfolio (€m) – 102 (1%) Portfolio (€m) – 147 (2%) Annual projects – 1 Annual projects – 0 Annual projects – 2 Annual projects – 0 ABI (€m) – 18 (1%) ABI (€m) – (0%) ABI (€m) – 76 (5%) ABI (€m) – (0%) PUBLIC 10 Energy Sector Strategy 2019-2023 The EBRD will promote secure, affordable and sustainable energy through the Aim transition to a market-oriented low-carbon energy sector. How? By decarbonising economies, making them highly efficient, powered by renewable energy and increasingly electrified 1 Decarbonisatio 2 Well- 3 Cleaner oil & gas 4 Energy- Interrelated n and functionin value chains efficient & strategic electrification g energy consistent with inclusive directions markets the Paris economies Agreement Continue supporting the gas sector during the Strategy period where it is consistent with a low-carbon transition that is both secure and affordable • Subject to an economic assessment (applying a shadow price of carbon) Criteria for • Investments consistent with NDCs natural gas • Investments not displacing less carbon-intensive sources, or lead to carbon lock-in or stranded assets investments • Facilitate the energy transition by accounting for flexibility of energy solutions • Investments consistent with EBRD Environmental and Social Policy (incl. best available techniques) PUBLIC 11 EBRD gas investments across South-Eastern Europe PUBLIC Strategic Context Emerging gas markets and the low-carbon transition in SE Europe Risks / Investment Challenges Opportunities Roles of gas Constraints options Modern Climate change More gas Fuel switching Methane Pipelines, LNG, Need to reduce from diverse from more carbon- emissions UGS GHG emissions sources (US, Asia, intensive sources, if The expansion of (NDC COP 21) Black Sea, East done sustainably gas pipelines and Fugitive emission Med.) is traded LNG involves abatement globally. fugitive emissions. Air Quality Reducing air Energy Efficiency is a critical social pollution by (heat recovery) More gas delivery Technological concern in SEE replacing heavy options competition fuels Flexible flexible supply Gas competes generation (e.g. options (LNG), with other less Declining capex peak power) pipelines (SGC), Delivering carbon-intense leads to RES secure interconnectors and flexible energy sources (RES) expansion 3EP, TPA, real systems (intermittence) unbundling More markets Limited Regulatory reforms Physical & Virtual interconnectivity Gas-to-gas led to flexible Supporting the Reverse Flow and access to competition trading in national scaling-up of international gas is changing the and regional intermittent markets in SEE. Gas pricing terms markets. renewables Liquid Hubs Investment must attend specific Market connectivity & Maturity Changing role of gas depending on context considerations PUBLIC 13 Gas investments examples across SE Europe 2009 Resilient -- Energy Security EUR 200m loan for the development 2014 2009 & operation of MMBF UGS Well Governed – Corp. Governance USD 150m sovereign-guaranteed loan for Resilient -- Energy Security gas pipeline replacement and reverse flow EUR 70m sovereign- guaranteed loan for the development of Okoli UGS. 2019 2010 Resilient - Well Governed EUR 90m letter of credit for Resilient -- Gasification emergency gas purchase EUR 19m loan for the construction of a 40km domestic pipeline. 2018 2018 Competitive – Route Integrated – Regional Market diversification EUR 500m as part of EUR ~4bn Ca. EUR 60m sovereign-guaranteed financing for the construction of loan for the construction of BRUA. TAP. 2013 2010 Well Governed – Corp. Resilient -- Energy Security Governance EUR 150m sovereign-guaranteed EUR 50m equity participation in IPO loan to rehabilitate 40% of gas network. at the Bucharest Stock Exchange. PUBLIC 14 Policy dialogue and technical cooperation Fostering the development Improving governance and Decarbonisation of energy markets operating standards Scaling-up the share of Improving infrastructure SOE commercialization, renewable energy corporate governance and capacity building of energy Sustainable gas Cross-border firms penetration interconnectivity and market integration Regulatory reforms Fugitive emissions abatement In the gas sector In the gas sector In the gas sector Albgaz Capacity Building and Methane emissions reduction Supporting feasibility studies: support drafting of Gas Transmission programme in Ukraine across the Network Code gas infrastructure in Ukraine - Ionian-Adriatic Pipeline Supporting Albania, Montenegro - BiH - Croatia interconnector Moldava Energy Sector Reform and Kosovo Gas Master Plans - North Macedonia - Kosovo Action Plan Supporting feasibility studies for - Kosovo – Albania BiH gas market reforms gas storage in Albania and gas Ukrainian Natural Gas Exchange transmission & distribution Naftogaz unbundling infrastructure in Albania and North Macedonia PUBLIC 15 EBRD Case Studies : Natural Gas in South-Eastern Europe 16 PUBLIC Albgaz Regulatory Capacity Building TC, ongoing Started in Technical Cooperation to Albgaz for capacity building support for its legal and regulatory 2018 function (with funding from EBRD SSF) – ongoing Main objectives: • Capacity building of legal and regulatory unit, including drafting of regulatory strategy, skills gap analysis, and structuring of compliance function • Operationalization of tariff methodology and tariffs • Drafting Albgaz transmission network code • Support Albgaz in the cooperation with TAP in regards to technical regulations for the operations of the systems • Enhance network planning functions, e.g. network planning and capex plans for regulatory reviews 17 PUBLIC Ionian Adriatic Pipeline (IAP), ongoing Two Technical Assistances financed under the WBIF
Load more

Recommended publications
  • W O R K I N G P a P E R Natural Gas Import and Export
    W ORKING P APER Working Paper No26 July 2019 NATURAL GAS IMPORT AND EXPORT ROUTES IN SOUTH-EAST EUROPE AND TURKEY Gina Cohen Lecturer & Consultant on Natural Gas ΙΕΝΕ Working Paper No26 NATURAL GAS IMPORT AND EXPORT ROUTES IN SOUTH-EAST EUROPE AND TURKEY Author Gina Cohen, Lecturer & Consultant on Natural Gas Institute of Energy for SE Europe (IENE) 3, Alexandrou Soutsou, 106 71 Athens, Greece tel: 0030 210 3628457, 3640278 fax: 0030 210 3646144 web: www.iene.gr, e-mail: [email protected] Copyright ©2019, Institute of Energy for SE Europe All rights reserved. No part of this study may be reproduced or transmitted in any form or by any means without the prior written permission of the Institute of Energy for South East Europe. Please note that this publication is subject to specific restrictions that limit its use and distribution. [2] ACRONYMS AERS - Energy Agency of the Republic of Serbia AIIB - Asian Infrastructure Investment Bank BCM - Billion cubic meters BOTAS - Boru Hatlari Ile Petroleum Tasima Anonim Sirketi (Petroleum Pipeline Corporation) BRUA - Bulgaria-Romania-Hungary-Austria BRUSKA- Bulgaria-Romania-Hungary-Slovakia-Austria EBRD - European Bank for Reconstruction and Development EITI - Exctractive Industries Transparency Initiative EPDK - Enerji Piyasasi Duzenleme Kurumu (Energy Market Regulatory Authority) EU - European Union FGSZ - Foldgazszallito Zrt. (Hungarian Gas Transmission System Operator) FSRU – Floating Storage and Regasification unit GWh - Gigawatt hour HAG - Hungaria-Austria-Gasleitung (Hungary-Austria Interconnector)
    [Show full text]
  • Energy Partner EP #2/2019
    DIGITAL ERA OF ENERGY 6 GAS MARKETS IN EASTERN EUROPE 8 EU NEW HYBRID ENERGY SYSTEM 24 The next five years can become extremely dynamic “Gazprom’s” positions on the markets of Eastern New paradigm of the future EU energy system could for the European energy market. The “Clean Energy European countries will remain high owing to the be the use of excess electricity generated from the for All Europeans” will launch powerful mechanisms traditional partners of a Russian company. Under sun and wind to produce hydrogen gas with its further of decarbonization, push changes in the principles of certain scenarios, “Gazprom” may increase its presence transportation via gas transportation system and functioning of the energy market from centralized to in these markets. accumulation in the European system of underground distributed generation, and cause the emergence of a gas storage facilities. new active and mass player — the prosumer. ENERGY CORPORATE MAGAZINE CEPCONSULTPARTNER S.R.O. | # 2 DECEMBER 2019 -FEBRUARY 2020 | THE MAIN TOPIC THE THE NEXT FIVE YEARS CAN BECOME DIGITAL EXTREMELY DYNAMIC FOR THE ERA OF EUROPEAN ENERGY ENERGY MARKET. AS AN OPPORTUNITY AND A CHALLENGE |EDITORIAL COMMENT| |EDITORIAL COMMENT| On November 15th, 2018 at the Morava of the consulting agency into the Slovak Marian Meško, the Honorary Consul conference hall of Austria Trend consulting services market, to present of Lithuania in the Slovak Republic, Hotel,Bratislava, our commercial the groundwork on the main directions noted the prospects of increasing project presented its portfolio of of the company’s competitive services, interest of the business and government consulting services for the business as well as to establish business contacts of Slovakia in consulting services in community of Slovakia and other in the informal atmosphere of the project management in energy, energy European countries in cooperation reception.
    [Show full text]
  • The Caspian Legal Status and Riparian Producers' Outlook on the European Commission's Strategy Towards the Fourth/Southern G
    THE CASPIAN LEGAL STATUS AND RIPARIAN PRODUCERS’ OUTLOOK ON THE EUROPEAN COMMISSION’S STRATEGY TOWARDS THE FOURTH/SOUTHERN GAS CORRIDOR Mariana Liakopoulou TABLE OF CONTENTS INTRODUCTION ................................................................................................................................... 2 1. SOUTHERN GAS CORRIDOR: EMERGENCE AND REGULATORY FRAMING OF AN EU-CONCEIVED IDEA ......................................................................................................................... 3 1.1 Conceptualization and significance of energy security ............................................... 3 1.2 First institutional steps ......................................................................................................... 4 1.3 The 2006 transit crisis ........................................................................................................... 5 1.4 The 2009 transit crisis ........................................................................................................... 6 1.5 The near-crisis of 2014 .......................................................................................................... 7 2. SOUTHERN GAS CORRIDOR TODAY: EVALUATION OF THE FUTURE DEVELOPMENT AND EXPLOITATION OF THE PIPELINE TRANSPORT SYSTEM ............. 9 2.1 Present state of affairs .......................................................................................................... 9 2.1.1 Shah Deniz 1 and South Caucasus Pipeline ..............................................................
    [Show full text]
  • Visegrad 4 States and Russian Gas Dilemma: Between Politics and Commercial Interests of Energy Companies
    Visegrad 4 States and Russian Gas Dilemma: Between Politics and Commercial Interests of Energy Companies By Ivan Smirnov Submitted to Central European University Department of Political Science In partial fulfillment of the requirements for the degree of Masters of Arts in Political Science Supervisor: Professor Inna Melnykovska Vienna, Austria CEU eTD Collection (2021) Abstract: The presented thesis is aimed at considering drivers that influence energy policy outcome of decreasing or sustaining the energy dependence of Visegrad 4 states on Russian natural gas supply. The theoretical part provides the overview of the factors that influence the sustaining or decreasing the energy dependence of states that import Russian gas. The empirical part of this thesis provides the analysis of the structural and organizational power of energy companies in Hungary, Slovakia, Czech Republic, and Poland, along with the role that governments of the foregoing countries play in gas trade with Russia. The evidence provided indicates that the Czech and Slovakian gas companies were able to significantly influence the states’ energy policies and, driven by commercial interests, to diversify the gas supply and reduce the energy dependence on Russia, although in the Slovakian case the power of companies decreased to almost zero after the main energy company was re-nationalized in 2014. The analysis of Poland and Hungary reveals the opposite trend, with governments were the key decision-makers on the energy dependence diversification and preservation, respectively, which indicates about the absence of structural power of energy companies in those two afore-mentioned states. CEU eTD Collection ii Table of Contents Abbreviations ............................................................................................................................ v Introduction .............................................................................................................................
    [Show full text]
  • Black Sea Oil & Gas Projects, the Total Amount of Financing for Each of the Projects Has Not Been Disclosed
    State Capture A case study about natural gas exploitation and transportation in Romania date October 2019 author Laura Nazare editors Ioana Ciută, Alexandru Mustață design and layout Lavinia Vereș print Azero contact bankwatch romania 98 Regina Maria Bd, bloc 119, ap. 10, 040125, Bucharest, Romania 031 438 24 89 [email protected] www.bankwatch.ro This briefing has been produced with the financial assistance of the Open Society Initiative. The contents of this briefing are the sole responsibility of Bankwatch Romania and can under no circumstances be regarded as reflecting the position of the Open Society Initiative. Contents Executive Summary 2 Introduction 6 Description of ongoing projects 10 • BRUA corridor 10 • Expansion of the national system for the transportation 12 of natural gas extracted from the Black Sea • Vadu Gas Terminal 14 • Tuzla Gas Terminal 17 Law amendments for gas exploitation and 18 gas transport projects • Law 185/2016 – BRUA Law 18 • Offshore Gas Law and royalties 20 Practices in applying the legal principles and provisions 22 regarding public consultation and participation in decision making • BRUA 22 • Vadu – T1 Pipeline 23 • Vadu Gas Treatment Plant 24 • Tuzla Gas Terminal 26 Conclusions 28 Recommendations 29 Black Sea Gas & Oil concession, source Radio Free Europe Romania 2 Executive Since its inclusion in the European Union’s Projects of Common Interest list in Octo- Summaryber 2013, the gas pipeline project connecting Bulgaria – Romania – Hungary – Austria (BRUA) is eligible for receiving public funding through the Connecting Europe Facil- ity1. In parallel, the Romanian Government and Parliament put forward once more the old idea of Romania being an important player in the European Gas Market .
    [Show full text]
  • Russian Gas Transit Through Ukraine After 2019: the Options
    November 2018 Russian gas transit through Ukraine after 2019: the options The outlook for transit of Russian gas to Europe, and in particular transit across Ukraine, in 2020 and in the period up to 2025, is considered in this paper. The outlines of the problem are well known: Gazprom is aiming, by constructing transit diversification pipelines (principally, Nord Stream 2 and Turkish Stream), to minimise transit across Ukraine, and eventually to reduce it to zero; Naftogaz Ukrainy aims to retain the transit business as an important source of revenue. In any case, the transit diversification pipelines are very unlikely to be operating at full capacity by 31 December 2019,1 when the current transit contract between Gazprom and Naftogaz expires. New contractual arrangements must therefore be agreed; they are being negotiated in an atmosphere of unprecedented friction between the two companies. Failure to reach agreement would result in supply disruptions; this could seriously damage the gas industry’s efforts to raise its status as part of Europe’s energy supply future. I review the progress of transit diversification (Section 1), the state of the negotiations (Section 2) and possible outcomes (Section 3), and consider the implications of no agreement being reached (Section 4). I then review the prospects for transit of Russian gas to Europe up to 2025 and the implications for Ukraine (Section 5), and look at the issue of seasonal flow factors (Section 6). Finally I comment on the investment requirements of the Ukrainian transport system, and the influence on this of gas market reforms (Section 7), and present conclusions.
    [Show full text]
  • Final Report Options for Gas Supply Diversification for the EU and Germany in the Next Two Decades
    Ref. Ares(2018)2178116 - 24/04/2018 Final Report Options for Gas Supply Diversification for the EU and Germany in the next Two Decades Cologne and London, October 2016 www.ewi.research-scenarios.de www.eucers.eu ewi Energy Research & Scenarios gGmbH European Centre for Energy and Resource (ewi ER&S) Security (EUCERS) Alte Wagenfabrik Department of War Studies Vogelsanger Straße 321a King's College London 50827 Cologne London WC2R 2LS Germany United Kingdom Tel.: +49 (0)221 277 29-100 Tel.: +44 (0)20 7848 1912 Fax: +49 (0)221 277 29-400 www.ewi.research-scenarios.de www.eucers.eu ewi Energy Research & Scenarios (ewi ER&S) is a non-profit organisation that is dedicated to applied research and conducts consulting projects for industry, politics and associations. Scientific services are financed through proceeds from research projects, analyses and reports for private and public clients as well as through contributions from a Society of Benefactors, currently consisting of more than forty members including energy suppliers, industries, banks, consulting firms and organisations. Sponsors and their contributions do not interfere with the scientific work or advisory activities of ewi ER&S. The European Centre for Energy and Resource Security (EUCERS) promotes an understanding of how our use of energy and resources affects International Relations, since energy security is not just a matter of economics, supply and technological change. In an era of globalization energy security is more than ever dependent on political conditions and strategies. Economic competition over energy resources, raw materials and water intensifies and an increasing number of questions and problems have to be solved using holistic approaches and wider national and international political frameworks.
    [Show full text]
  • The Turkstream Pipeline in Light of the Security of Demand for Russian Gas
    European Scientific Journal October 2018 edition Vol.14, No.29 ISSN: 1857 – 7881 (Print) e - ISSN 1857- 7431 The TurkStream Pipeline in Light of the Security of Demand for Russian Gas Attila Virag, (PhD) Corvinus University of Budapest, Hungary Doi:10.19044/esj.2018.v14n29p16 URL:http://dx.doi.org/10.19044/esj.2018.v14n29p16 Abstract The purpose of this paper is to analyse the TurkStream project in light of the security of demand for Russian natural gas. The analysis focuses on the relations between the EU and Russia, with further focus on Eastern Europe, accompanied by a description of the power engineering actions affecting the old continent from 2014 to date. Based on the analysis, it can be established that although on the face of it, the Russian-inspired project has policy and business goals, but demand security considerations also lie in the background, fuelled by significant geopolitical endeavours. Keywords: Russia, TurkStream, energy security, security of demand, gas projects, pipelines Introduction In the 21st century, Russia’s power lies primarily in its outstanding hydrocarbon base rather than its economic or military capacity. Regarding the natural gas sector, Russia’s potential can be grasped from either the supply or the demand side. According to the statistics compiled by BP, the continent- sized country has the highest volume of recoverable reserves in the world, amounting to 35,000 billion cubic meters or 18.1 per cent of the total natural gas reserves on the Earth. More than 635.6 billion cubic meters of this amount were being extracted at the end of 2017, representing more than 17.3 per cent of the global production.
    [Show full text]
  • Romania National Reform Programme 2020
    NATIONAL REFORM PROGRAMME 2020 BUCHAREST APRIL 2020 TABLE OF CONTENTS ABBREVIATION INDEX .................................................................................. 3 1. INTRODUCTION .................................................................................. 7 2. MACROECONOMIC CONTEXT AND SCENARIO ................................................... 9 3. POLICY RESPONSE TO ECONOMIC CHALLENGES .................................. 13 3.1. Fiscal and budgetary policy ................................................... 13 3.2. Business environment and competitiveness ............................ 29 3.3. Strenghtening administrative capacity and other governmental measures ................................................................................. 53 4. NATIONAL EUROPE 2020 OBJECTIVES ......................................................... 73 4.1. Employment ........................................................................... 73 4.2. Research, Development and Innovation (RDI) ......................... 82 4.3. Environment and climate change ............................................ 90 4.4. Renewable energy sources ..................................................... 98 4.5. Energy efficiency .................................................................. 101 4.6. Early school leaving ............................................................. 106 4.7. Tertiary education ............................................................... 116 4.8. Social inclusion and combating poverty ...............................
    [Show full text]
  • Trans-Caspian Gas Pipeline) to Distinguish It from a Separate and Independent Trans-Caspian Oil Pipeline Project
    Energy Security Program Policy Paper The Trans-Caspian Is a Pipeline for a Geopolitical Commission No. 1 March 2020 Robert M. Cutler Executive Summary Dr. Robert M. Cutler is Senior The Trans-Caspian Pipeline (TCP) project from Turkmenistan to Research Fellow, NATO Associ- Azerbaijan is a geopolitical and strategic pipeline for Europe. It ation of Canada, and Director of will bring large quantities of natural gas from Central Asia to its Energy Security Program. He southern Europe and, via the White Stream pipeline under the is also Practitioner Member, Wa- Black Sea, also to Central and Eastern Europe. The Baku–Tbilisi– terloo Institute for Complexity Ceyhan (BTC) oil export pipeline 20 years ago established and reinforced the independence of the participating countries, Azer- and Innovation, University of baijan and Georgia. It also happened to be commercially very ad- Waterloo. His professional activ- vantageous. Like it, the TCGP is a unique opportunity to ensure ity has spanned policy analysis, Europe’s economic benefit and political influence in the region. consulting, academia and jour- Also like the BTC, it is a demonstration project that will open the nalism for over three decades. broader region to greater international investment. Gas from Turkmenistan costs much less than gas from Siberia. Implemen- tation of Turkmen gas exports to the EU in sizeable quantities will serve the geopolitical purpose of cementing Central Asia’s relations with Europe, promoting integration and stability. Any views or opinions herein ex– The Energy Security Program, directed by Dr. Robert M. Cutler pressed are solely the author's and ([email protected]), is an activity of the NATO Association of Canada, Toronto, a non-profit organization having the mission to keep Canadians do not necessarily represent those of informed about the significance of NATO.
    [Show full text]
  • Gas Supply in SE Europe and the Key Role of LNG Final Report
    Gas Supply in SE Europe and the Key Role of LNG An IENE Study Project (M46) Final Report Athens, December 2018 Gas Supply in SE Europe and the Key Role of LNG Contributors: Costis Stambolis, Executive Director, IENE Dimitris Mezartasoglou, Head of Research, IENE Institute of Energy for SE Europe (IENE) 3, Alexandrou Soutsou, 106 71 Athens, Greece tel: 0030 210 3628457, 3640278 fax: 0030 210 3646144 web: www.iene.gr, e-mail: [email protected] Copyright ©2017, Institute of Energy for SE Europe All rights reserved. No part of this study may be reproduced or transmitted in any form or by any means without the prior written permission of the Institute of Energy for South East Europe. Please note that this publication is subject to specific restrictions that limit its use and distribution. 2 Gas Supply in SE Europe and the Key Role of LNG December 2018 This IENE Study (M46) was largely funded by contributions from Institute corporate members. Disclaimer This document contains the best opinion of the contributors at the time of issue and does not necessarily represent IENE’s official position. Neither IENE nor the sponsor company offer any warranty or guarantee regarding the accuracy of any forecasts, estimates or analyses contained in this report. The contributors, IENE and the sponsor company are not responsible for any liability in association with this content. 3 Table of Contents 1. Introduction – Raison d' être ..................................................................................... 6 2. Global gas demand and supply overview .................................................................. 8 3. Gas demand for Europe and SE Europe and supply overview................................. 14 The case of SE Europe .............................................................................................................
    [Show full text]
  • Gas Regional Investment Plan Southern Corridor Annex B
    Picture courtesy of DESFA GAS REGIONAL INVESTMENT PLAN SOUTHERN CORRIDOR Based on ENTSOG’s TYNDP 2018 ANNEX B Project Information SOUTHERN CORRIDOR Current TYNDP : TYNDP 2018 FINAL - Annex A Page 18 of 670 Upgrade of Rogatec interconnection (M1A/1 Interconnection Rogatec) TRA-N-390 Project Pipeline including CS Non-FID Update Date 30/03/2018 Advanced Adjustment to operating parameters of the transmission system of the Croatian TSO, increasing the transmission capacity and enabling bidirectional Description operation. The project is a part of the PCI 6.26 Cluster Croatia - Slovenia - Austria at Rogatec. PRJ Code - PRJ Name PRJ-G-003 - Interconnection Slovenia-Croatia (Gas pipeline Lučko-Zabok-Rogatec) Capacity Increments Variant For Modelling Point Operator Year From Gas System To Gas System Capacity Plinovodi d.o.o. 2022 HR SI 162.0 GWh/d Rogatec Plinovodi d.o.o. 2022 SI HR 162.0 GWh/d Sponsors General Information NDP and PCI Information Plinovodi 100% Promoter Plinovodi d.o.o. Part of NDP Yes (TYNDP for the period 2018-2027) Operator Plinovodi d.o.o. NDP Number C12 Host Country Slovenia NDP Release Date 09/10/2017 Status Planned NDP Website NDP URL Website Project's URL Currently PCI Yes (6.26.6) Priority Corridor(s) NSIE 3 | Gas Regional Investment Plan for South-Central Europe 2019_Annex B Generated by ENTSOG PDWS on 10/05/2019 05:40:09 PM Current TYNDP : TYNDP 2018 FINAL - Annex A Page 19 of 670 Schedule Start Date End Date Third-Party Access Regime Pre-Feasibility Considered TPA Regime Regulated Feasibility Considered Tariff Regime
    [Show full text]