National Energy Security Fund

Natural Gas Market in the EU:

Pipeline versus or plus LNG?

Aleksei Grivach

December, 2016

Share of own production and imports in EU’s

natural gas balance , %

National Energy Security Fund Source: Eurostat, NESF Calculations

EU Natural Gas Production , BCM

National Energy Security Fund Source: Eurostat

0

50

100

150

200

250

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Others

Austria

Hungary

Croatia

Poland

Denmark

Italy

Germany

Romania

UK

Netherlands

National Energy Security Fund

EU Natural Gas Imports by Source, BCM

Source: ENTSO-G, UTG, Gassco, Snam Rete,

DESFA, Enagas, GRT Gaz, NESF Calculations

*pipeline, ** NESF estimations based on 10 months data

National Energy Security Fund

Southern Corridor to Italy

Balancing North African Flows?

Source: SNAM Rete, ENTSO-G, NESF

23 BCM

National Energy Security Fund

Monthly Exports to the EU by Source, BCM

*pipeline

Source: ENTSO-G, Gazprom, Norway

Statbank, Snam Rete, DESFA, GIE, NESF

Calculations

National Energy Security Fund

Nord Stream and Yamal Pipeline

Performance in 2016 (monthly), BCM

Source: OPAL Gastransport, NEL

Gastransport, ENTSO-G, NESF calculations

*net of OPAL transit restrictions

Main Ukrainian Transit Pipelines and

Actual Gas Flow in November 2016

National Energy Security Fund

Source: Ukrtransgaz,

Eustream, NESF Calculations

Route, km

Compressor

stations

Projected

capacity,

bcm/year

Start of

operation

Soyuz Pipeline (Novopskov-Uzhgorod) 1,567 12 26 1976

Urengoy-Pomary-Uzhgorod (Ukrainian

section) 1,160 9 28.5 1983

Progress Pipeline (Sudzha-Uzhgorod) 1,120 9 28.5 1988

National Energy Security Fund

LNG Infrastructure in the EU

Source: ENTSO-G, Enagas, Snam Rete, GRT

Gaz, Gasunie, Fluxys, Amber Grid, DESFA,

NESF Calculations

Natural Gas Balance in Spain, BCM

National Energy Security Fund Source: Enagas, NESF Calculations

National Energy Security Fund

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