22/11/2007gie annual conference 2007- madrid1 26/04/2007gle1 investment in lng different approaches...

26/04/2007 GLE 122/11/2007 GIE Annual Conference 2007- Madrid 1

Investment in LNG

Different approaches in EU

FRANCISCO DE LA FLOR - GLE PRESIDENTFRANCISCO DE LA FLOR - GLE PRESIDENT


LNG Increasing Demand

SOURCE: TOTAL


x27

Existing LNG Terminals

LNG Terminals under construction / committed

LNG Terminals planned/under study

LNG Infrastructures in the World 2007

Existing Liquefaction Terminals Liquefaction Terminals under construction/planned/under study

(58)

(35-40)

(70-80)

(21)(40-50)SOURCE: PETROLEUM ECONOMIST &

LNG JOURNAL


SOURCE: NATURAL GAS MARKET REVIEW 2007, IEA

600

400

200

0

bcm

60-100 bcm 80-160 bcm

Regional Production LNG Imports Pipeline Imports

LNG Increasing Demandin OCDE Countries

2005 2010 2015


15 Existing LNG

Terminals

8 LNG Terminals

under construction/ commmitted

23 LNG Terminals

under study/planned

- LNG plays different roles in each EU country.

- LNG regulation differs in each MS depending on national needs and particularities.

LNG Terminals in Europe


Different Approaches: SPAIN

(1)(1)

Barcelona - ENAGASSEND-OUT (m3/h)

Nº TANKS

STORAGE (m3 LNG)

6

540.000

1.700.000Tenerife - GASCAN

SEND-OUT (m3/h)

Nº TANKS

STORAGE (m3 LNG)

1

150.000

150.000

Gijón - ENAGAS

SEND-OUT (m3/h)

Nº TANKS

STORAGE (m3 LNG)

2

300.000

800.000

Gran Canaria-GASCAN

SEND-OUT (m3/h)

Nº TANKS

STORAGE (m3 LNG)

1150.000

150.000

COMMITTED/ UNDER CONSTRUCTION

Sagunto - SAGGASSEND-OUT (m3/h)

Nº TANKS

STORAGE (m3 LNG)

2

300.000

800.000

Cartagena- ENAGASSEND-OUT (m3/h)

Nº TANKS

STORAGE (m3 LNG)

3

290.000

1.200.000Huelva- ENAGAS

SEND-OUT (m3/h)

Nº TANKS

STORAGE (m3 LNG)

4

470.000

1.200.000

Ferrol - REGANOSASEND-OUT (m3/h)

Nº TANKS

STORAGE (m3 LNG)

2300.000

412.000

Bilbao - BBGSEND-OUT (m3/h)

Nº TANKS

STORAGE (m3 LNG)

3

300.000

1.200.000

EXISTING

UNDER STUDY/PLANNED

UNDER EXPANSION PROCESS

• Demand Growth (PowerGen + Backing-up Renewables)

• Full r-TPA without exemptions

• Government’s Infrastructure Mandatory Planning

• LNG terminals considered Basic Infrastructures as Pipelines and UGSs.


Spanish LNG Infrastructures to 2011

Barcelona Cartagena Huelva Bilbao Sagunto El Ferrol Gran Canaria TenerifeGijón

2002 2003 2004 2005 2006 2007 2008 20110

800.000

1.600.000

2.400.000

3.200.000

4.000.000

4.800.000

5.600.000

6.400.000

7.200.000

8.000.000

8.800.000m(n)

3/h

0

7

17

27

37

47

57

67

77bcm/y

x 4,1

Regasification CapacityRegasification Capacity


0

24

6

810

12

1416

18

202224

262830

32

2002 2003 2004 2005 2006 2007 2008 2011

nº

x 4


0

24

6

810

12

1416

18

202224

262830

32

2002 2003 2004 2005 2006 2007 2008 2011

nº

x 4

Number of tanksNumber of tanks


0

800.000

1.600.000

2.400.000

3.200.000

4.000.000

2002 2003 2004 2005 2006 2007 2008 2011

m3

x 7,1

Storage CapacityStorage Capacity


Different Approaches: UNITED KINGDOM

Anglesey

Canvey Island

STORAGE (m3 LNG)

Isle of Grain - NGCSEND-OUT (m3/h)

Nº TANKS 4

200.000

708.000

EXISTING

UNDER STUDY/PLANNED



SouthHook – SOUTHOOK LNG

SEND-OUT (m3/h)

Nº TANKS

STORAGE (m3 LNG)

2.400.000

775.0005

Dragon – DRAGON LNG

SEND-OUT (m3/h)

Nº TANKS

STORAGE (m3 LNG)

1.050.000

3

504.000

• Cover Increasing Dependency on gas imports

• Allow Supply Diversification

• All terminals exempted


DIFFERENT APPROACHES: ITALY

Panigaglia - SRGSEND-OUT (m3/h)

Nº TANKS

STORAGE (m3 LNG)

2

100.000

439.000

Adriatic – ADRIATIC LNG

SEND-OUT (m3/h)

Nº TANKS

STORAGE (m3 LNG)

1.000.0002

250.000

BrindisiSEND-OUT (m3/h)

Nº TANKS

STORAGE (m3 LNG)

1.300.000

4

640.000

Toscana Offshore

Rosignano

Porto EmpedocieTaranto

San Ferdinando

Gioia Tauro

Priolo

Trieste Zaule

EXISTING

UNDER STUDY/PLANNED



• Cover Increasing Dependency

• New terminals almost completely exempted (80%)

• Many projects announced, only few in progress


DIFFERENT APROACHES: FRANCE

Montoir - GdFSEND-OUT (m3/h)

Nº TANKS

STORAGE (m3 LNG)

3360.000

1.380.400

Fos Tonkin - GdFSEND-OUT (m3/h)

Nº TANKS

STORAGE (m3 LNG)

3

150.000

150.000

Le Verdon

Le Havre

Fos-sur-Mer

Fos Cavaou – STMFC

SEND-OUT (m3/h)

Nº TANKS

STORAGE (m3 LNG)

1.160.000

3330.000

Dunkerque

Le Verdon

EXISTING

UNDER STUDY/PLANNED



• Supply diversification

• r-TPA for existing terminals

• New terminals exempted/regulated ?


DIFFERENT APROACHES: BELGIUM

Zeebrugge – FLUXYS LNGSEND-OUT (m3/h)

Nº TANKS

STORAGE (m3 LNG)

3261.000

750.000

EXISTING

UNDER STUDY/PLANNED



• Strategic Geographic situation (Zeebrugge Hub)

• Transition to multi-shipper environment

• r-TPA with long term contracts


Other Approaches: PORTUGAL AND GREECE

Revithoussa - DESFASEND-OUT (m3/h)

Nº TANKS

STORAGE (m3 LNG)2

130.000

240.000

Sines – REN ATLANTICOSEND-OUT (m3/h)

Nº TANKS

STORAGE (m3 LNG)

2240.000

900.000

EXISTING

UNDER STUDY/PLANNED



• Security and diversification of Supply

• Regulated terminals

• r-TPA


Other Approaches (II):

WILHELMSHAFEN

GERMANY

POLANDSWINOUJSCIE

THE NETHERLANDSGATE TERMINAL

EEMSHAVEN

LIONGAS

CROATIAOMISALJ

CYPRUSVASSILIKOEXISTING

UNDER STUDY/PLANNED



• Supply diversification.

• Exempted terminals with long-term contracts.

• Long permits/authorisations/exemptions phase.


EU FUTURE LNG INVESTMENTS2007-2012

0

2

4

6

8

10

12

14

Existing(Expansion)

Committed/ Underconstruction

Planned/ Understudy

bn €

SOURCE: GLE MAP & ROUGH INTERNAL ASSESSMENT

• Significant Investments ongoing

• Allowing Supply Diversification

• Increasing Gas Supply competition

• Long-term Commitment (regulatory and/or contractual)


THANK YOU FOR

YOUR KIND

ATTENTION!

22/11/2007gie annual conference 2007- madrid1 26/04/2007gle1 investment in lng different approaches...

Documents