Geopolitica, reti, mercati europei del gas e dell’energia elettrica: la
prospettiva di Snam
Carlo Malacarne, CEO
Firenze, 11 aprile 2015
snam.it
Key European Gas Market Trends
Gas demand in EU
Gas supply reserves and flows
[bcm]
600
North Sea
3.7 TCM
Gas Reserves
Russia
49.5 TCM
Gas Reserves
400
Northern Europe
65% of additional
import needs in 2020
CAGR 13 – 30: +1%
Net import
Southern Europe
200
Caspian Sea
11.3 TCM
Gas Reserves
35% of additional
import needs in 2020
Domestic production
0
2013
2015E
2020E
Source: OECD/IEA World Energy Outlook 2014;
EU Commission Energy – EU Road Map
2025E
2030E
North Africa
6.1 TCM
Gas Reserves
Source: World Oil & Gas Review 2014. North Sea include Norway and Netherlands, North Africa Libya
and Algeria, Caspian Sea Azerbaijan and Turkmenistan
Increasing import dependence and supply diversification needs
2
Global natural gas prices
Deep changes in market fundamentals…
~4
$/MMBtu
~ 12
$/MMBtu
~ 17
$/MMBtu
… resulting in three main areas with different prices
3
Fonte: Quarterly Report on European Gas Markets - Volume 6, issue 2 – First quarter 2013
Diversification and Security of Gas supplies
Diversification of gas sources per country
European Storage capacity* (Bcm)
18.
Number of
accessible sources
15.9
11.4
Including access to
LNG
6.9
5.7
5.4
4.4
3.7
3.4
2.8
Others
Source: ENTSOG TYNDP 2013 – 2022 ; Diversification expected in 2022
Source: Gas storage Europe map 2014
4
* Including stretegic storage
Snam’s European Development on North-South and East-West corridors
Key pillars
•
•
•
Snam’s geographic footprint
Optimize the return on current asset base
in a broader European context
Integrated management of the North-South
corridor, coordinating capex and
commercial initiatives within Snam-Fluxys
Strategic Alliance
Completion of the East-West corridor
Domestic pipelines
LNG Terminals
International assets
5
Geopolitica, reti, mercati europei del gas e dell’energia elettrica: la
prospettiva di Snam
Carlo Malacarne, CEO
Firenze, 11 aprile 2015
snam.it