european natural gas networks errika georges the american college of greece
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3rd AFCEA Europe Student Conference ‘People, Projects and Perceptions - even thinking is participation!’ 26 October 2010 The Queen Elizabeth II Conference Centre, London, United Kingdom. European Natural Gas Networks Errika Georges The American College of Greece. - PowerPoint PPT PresentationTRANSCRIPT
3rd AFCEA Europe Student Conference ‘People, Projects and Perceptions - even thinking is participation!’
26 October 2010The Queen Elizabeth II Conference Centre, London, United Kingdom
European Natural Gas Networks
Errika Georges
The American College of Greece
NATURAL GAS PIPELINES IN PROMOTING ENERGY SECURITY
WITHIN THE EU AREA
ENERGY in the EU• Need for energy import
dependendency from unstable and
insecure regions
• Today half of the EU’s gas consumption comes from 3 countries: Russia 40% – Norway 25% - Algeria 30%.
• On current trends gas imports would increase to 20 % over the next 25 years
Source: EU Green Paper, 2006
NATURAL GAS
• Commodity: being more strategically valuable
• Need for importing
• Natural Gas Pipelines: direct routes for the distribution of
itcreate networks that serveDIFFERENT INTERESTS
2 Major Pipeline Projects
Nabucco& South Stream U.S. + E.U. Russia
Currently a very hot issue Under negotiation for: FINANCE
RESOURCES
South Stream Pipeline
Russia’s position
• Market Economy is extremely dependent on
The Exports from Natural Gas by 50%
Natural gas reserves are extremely important
Analysis of Networks
• Transit Countries (retain sound relationships)
• Supply Countries (hard game)
What is Russia doing??Buys natural gas from Turkmenistan &
Azerbaijan for 2 reasons:
Strategy
Having sufficient reserves inside the country;
Not spending their reserves
Eliminating the reserves of the rival projects(!!)
Greek territory• Geopolitically benefited: WHY?
• Pipelines of different interests will cross the country:
Part of S. Stream IndependentPipeline
I - nterconnector T - rans-T - urkey A - driaticG - reece P - ipelineI – taly (Gr. – Alb. – It.)
• Strategically important for other reasons also:
Seen as an energy hub and interconnector since Algerian liquefied natural gas (LNG) will be crossing Greece to reach Bulgaria.
Possible alternatives – Strategic Partnerships??
Thank you for your attention