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A Market Based Bridge to Energy Transition Michael Thomadakis Head of Strategy & Development, DESFA

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A Market Based Bridge to Energy Transition Michael Thomadakis Head of Strategy & Development, DESFA A Market Based Bridge To Energy Transition Michael Thomadakis Head of Strategy & Development, DESFA Power & Gas Supply Forum| 31.03.2021 The Hellenic Gas Transmission System Operator (DESFA) • Established in March 2007, DESFA owns and operates the Greek National Natural Gas System (NNGS), which consists of the National Natural Gas Transmission System & the LNG Terminal in the islet of Revithoussa. • After the completion of a privatization process in the 20th of December 2018, DESFA was certified as an Ownership Unbundled Operator under the 3rd EU Energy Package • DESFA operates, maintains and develops the National Natural Gas System in a safe, reliable and economically efficient way and offers (a) regulated Third Party Access services in a transparent and non-discriminatory way and (b) a range of non-regulated services to a number of national and international clients September 2014 Privatization process is December 2018 DESFA is established completed DESFA is certified as March 2007 DESFA certified as an December 2018 Ownership Unbundled Independent Transmission Operator Operator under the 3rd EU Energy Package DESFA becomes an important physical gas hub for the SEE region We are working hard to revert this to the SEE trading gas point by the end of 2021 HP Pipeline to 1 FSRU Alexandroupolis: West Macedonia 566 Shareholders: Gastrade Investment: €110 M 1 Shareholders: DESFA Bulgaria HEnEx Bulgaria 7 Participations 2 7 6 7 (Hellenic Energy Exchange) GreeceGreece - Bulgaria 7 Shareholders: DESFA 7% North InterconnectorInterconnector (ICGB) (IGB) N. Macedonia Sidirokastro HP Pipeline to 3 Macedonia Sidirokastro Western Greece Greece - - North N. Macedonia Macedonia Investment: €85 Μ 2 InterconnectorInterconnector Kipoi Nea MessimvriaNea Messimvria (TAP (TAP) entry) 90 5 Kipoi Interconnector Shareholders: DESFA 8 Albania UGS 7 Italy 3 1 6 8 Greece – Bulgaria (ICGB): TAPTAP 8 Pipeline to SouthSouth KavalaKavala FSRU Pipeline to AlexandroupolisFSRU Shareholders: DEPA, Edison, BEH Italy West MacedoniaW. Macedonia Italy West Macedonia W. Macedonia Alexandroupolis 1 Interconnector 8 Greece – North Macedonia Trans Adriatic Pipeline (TAP) 3 developersOther Investment: €51.4 M 8 Investment: €4,500 M (Completed) Pipeline to Shareholders: DESFA 4 Shareholders: BP, Socar, Snam, Fluxys, Enagás, Axpo Western Greece 4 SSLNG5 & TLS 2 4 Revithoussa 2 LNG6 TerminalHEnEx W. Greece W. Greece 2 4 DESFA’s 10YDP - €500 Mperiod next5-year within the Pipeline to RevithoussaAgia Triada (LNG) Western LNG Terminal 5 Greece SSLNG & Truck Loading Station Agia Triada (LNG) UGS South Kavala SSLNG Jetty: €20.4 M 4 Existing lines 9 Expression of interest to participate Truck Loading: €6.5 M Projected lines in the tender Tender Entry points Revithoussa LNG Terminal | Auctions implemented since 2021; ssLNG services imminent; • 225.000 m3 LNG of storage space • 11 bcm annual sustained send-out capacity • Can receive up to Q-Max size LNG carriers 1 2 Year bcm LNG Truck Loading Station – Dec’21 Tankers Increasing LNG activity ssLNG Jetty – Dec’22 2016 0.74 13 aiming also to Exports €27 Μ 2017 1.35 18 2018 0.90 30 2019 2.67 50 2020 +35% 49 One loading bay with a • 35 Slots already capacity of 50 m3 and loading flow of 100 m3/h. booked through auctions in 2021 Provision for a future second bay • 5-year allocation of capacity from 2022 Diversity of Sources Off-grid supply of LNG 4 Establishing a transparent marketplace/reliable price signals VTP, Balancing Platform, short-term price development Establishment of a Trading Platform o New trading possibilities: Since July 1st 2018, • anonymous fundamental changes in • screen-based the gas market: • cleared trading Same trading platform to o Virtual Trading Point o o Marginal gas prices will be be used both by DESFA (for based on the transactions o Market-based balancing regime and a Balancing system balancing) & the carried out at the trading Platform market participants (for platform both by market o Establishment and publication of reference daily prices commercial purposes and participants and the TSO self-balancing) DESFA’s Participation in the Hellenic Energy Exchange Exploring synergies o DESFA is participating as a shareholder (7%) in the Hellenic Energy Exchange, established 18 June 2018 o Through its participation, DESFA will have the opportunity to: Exploit economies of scale & promote efficiency by sharing infrastructure & avoiding the duplication of efforts; Make use of the expertise of the rest of the current & prospective shareholders in organized markets & their commitment in delivering a well-functioning market not only for Greece, but also for the whole region Development of a Gas Trading Platform/Gas Exchange is underway, with estimated completion by Q3 2021. Energy Transition: With an eye in the future, preparing a roadmap for the decarbonized future for the Greek energy market Studies for our H2 – readiness: √ Ampelia CS will be hydrogen ready √ W. Macedonia pipeline will be ready for H2 operations Long term strategy for renewables To incorporate for the first time in our Development Study Participation in the national committee for the ENTSOG & GIE Hydrogen Europe related activities preparation of the Greek Hydrogen strategy The European Gas for Climate (discussions on (GQ prime Hydrogen group Hydrogen Act movers, re- Backbone proposal) stream study) Participate in all relevant national and EU discussions in legislations amendments (taxonomy, TEN-E, costs for hydrogen infrastructure) Follow-up of White Dragon project (possible candidate for IPCEI) Cooperation 7 Thank you for your attention! [email protected].
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