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Madrid, 27th October 2009
11th IG Meeting
South Gas Regional Initiative
2
11th IG meeting S-GRI- Agenda
I. Opening
I.1 Welcome
I.2 Approval of the agenda and last meeting minutes (for approval)
II. Open Season Procedure for the development of new gas interconnection capacity between Spain and France:
II.1 Incidents and results of the capacity requesting period in the OS 2013 (for information, by TSOs)
II.2 Investment decision-making regarding the 2013 OS infrastructures. Next steps (for discussion)
II.3 2015 OS: further actions (for discussion)
III. AOB
3
II. Open Season ProceduresII.1 Results of the capacity requesting period of 2013 OS
Incidents and results of the capacity requesting period of 2013 OS
Presentation by TSOs
4
II. Open Season ProceduresII.2 Investment decision-making regarding 2013 OS
2013 OS AGENDA
Capacity requesting
period
Decision-making step
ECONOMIC TEST
5
CONFIDENTIA
L
II. Open Season ProceduresII.2 Investment decision-making regarding 2013 OS
BINDING CAPACITY REQUESTING PERIOD RESULTS
• Participation of 8 different business groups
• 33 companies, from 11 different countries, showed their interest
in the process (2013 and 2015 OS)
• 12 application forms received, 11 multiannual, for 10 years or
more, and 1 multiseasonal
6
II. Open Season ProceduresII.2 Investment decision-making regarding 2013 OS
CAPACITY REQUESTED
NORTH
SPAIN
SOUTH
TIGF
South → North
1
2
North → South
5 5 1
24
3 3
4
NORTH
SPAIN
SOUTH
TIGF
South → North
1
2
North → South
5 5 1
24
3 3
4 3 Cap. Offered Cap. Requested Cap. Assigned
GWh/day 138,000 45,840 30,772
% referred to cap. offered
33,22% 22,30%
4 Cap. Offered Cap. Requested Cap. Assigned 2 Cap. Offered Cap. Requested Cap. Assigned
GWh/day 237,980 115,000 115,000 GWh/day 204,000 327,337 186,635
% referred to cap. offered
48,32% 48,32%% referred to cap. offered
160,46% 91,49%
5 Cap. Offered Cap. Requested Cap. Assigned 1 Cap. Offered Cap. Requested Cap. Assigned
GWh/day 117,980 69,000 69,000 GWh/day 180,000 361,637 180,000
% referred to cap. offered
58,48% 58,48%% referred to cap. offered
200,91% 100,00%España
GRTgaz South
TIGF
GRTgaz Nord
7
II. Open Season ProceduresII.2 Investment decision-making regarding 2013 OS
INVESTMENTS REQUIRED (according to TSOs’ joint investment
plan, published in July 2007, updated in march 2008)
FRANCE
GRTgaz-TIGF Interconnection Point jul-07 dic-08
2008 Captieux-Castillon 1002008 CS Lussagnet 50
2008-2009 CS Sauveterre 692011 CS Chazelles+ met 1042011 Lussagnet-Captieux 632011 EC Lussagnet 492011 EC Sauveterre 24
459LARRAU
2009 Reversibilidad flujo TIGF 42010 Lussagnet-Lacq 642010 CS Mont 38
106BIRIATOUDesp. 2010 Arcangues-Coudures 2 y 3 78
TOTAL FRANCE 643
420 550
mill. €
TOTAL FRANCE after 2009
SPAIN
LARRAU jul-07 dic-082007 Falces-Irurzun 192008 EC Zaragoza 232008 Duplicación Barcelona-Arbos 962009 EC Navarra 502010 Duplicación Tivissa-Paterna 2072009 EC Haro 122009 Lemona-Haro 232010 Duplicación Tivissa-Castelnou 472012 Zarza de Tajo -Villar de Arnedo 1992012 EC Villar de Arnedo 51
727
BIRIATOU2010 Vergara-Irun 702009 BBG 1.200.000 552009 Lemon-Haro 122009 EC Haro 232013 EC Irun 50
210TOTAL SPAIN 936
TOTAL SPAIN after 2009 679 679
mill. €
8
II. Open Season ProceduresII.2 Investment decision-making regarding 2013 OS
CRE’S TEST TO VALIDATE INVESTMENTS
9
II. Open Season ProceduresII.2 Investment decision-making regarding 2013 OS
EUROPEAN RECOVERY PLAN
• Objective: the development of energy
projects that contribute to SoS
(diversification of gas sources, routes and
supplies) and energy networks’
optimization and integration
• Preliminary financial envelope assigned
to Africa-Spain-France and Western axis:
245 mill €, 200 mill. € to France and 45
mill. € to Spain
• Final decision: late dec-09, early Jan-10
10
II. Open Season ProceduresII.2 Investment decision-making regarding 2013 OS
CONCLUSIONS AND NEXT STEPS
• Final allocation before 30th October and contracts signature before
30th November :
A NEED FOR A QUICK INVESTMENT DECISION INSIDE THE
SGRI
• TSOs’ investment economic burden may be relieved by European
Funds:
INVESTMENTS REDUCED BY 36% IN FRANCE (FROM
550 M€ TO 350 M€) AND BY 7% IN SPAIN (FORM 609 M€ TO 564
M€)
11
II. Open Season ProceduresII.2 Investment decision-making regarding 2013 OS
CONCLUSIONS AND NEXT STEPS
Capacity assigned in case of not building Irún
3 Cap. Offered Cap. Requested Cap. Assigned
GWh/day 138,000 45,840 26,790
% referred to cap. offered
0,332 19,41%
4 Cap. Offered Cap. Requested Cap. Assigned 2 Cap. Offered Cap. Requested Cap. Assigned
GWh/day 237,980 115,000 115,000 GWh/day 204,000 327,337 149,451
% referred to cap. offered
0,483 48,32%% referred to cap. offered
1,605 73,26%
TIGF5 Cap. Offered Cap. Requested Cap. Assigned 1 Cap. Offered Cap. Requested Cap. Assigned
GWh/day 69,980 69,000 69,000 GWh/day 132,000 361,637 131,999
% referred to cap. offered
0,986 98,60%España
% referred to cap. offered
2,740 100,00%
GRTgaz South
GRTgaz Nord
NORTH
SPAIN
SOUTH
TIGF
South → North
1
2
North → South
5 5 1
24
3 3
4
NORTH
SPAIN
SOUTH
TIGF
South → North
1
2
North → South
5 5 1
24
3 3
4
30,8 GWh/d (22,3%) with Irún
186,6 GWh/d (91,5%) with Irún
180 GWh/d (100%) with Irún
12
II. Open Season ProceduresII.2 Investment decision-making regarding 2013 OS
CONCLUSIONS AND NEXT STEPS
Demand versus offer considering Larrau and Biriatou
Capacity assigned
Capacity offered
13
II. Open Season ProceduresII.2 Investment decision-making regarding 2013 OS
CONCLUSIONS AND NEXT STEPS
Capacity assigned in case of not building Irún
Capacity assigned
Capacity offered
14
II. Open Season ProceduresII.2 Investment decision-making regarding 2013 OS
CONCLUSIONS AND NEXT STEPS
Capacity assigned in case of not building Irún
Capacity assigned with only Larrau
Capacity not assigned due to lack of invetsments in Biriatou
15
II. Open Season ProceduresII.2 Investment decision-making regarding 2013 OS
CONCLUSIONS AND NEXT STEPS
• THE NEED FOR DEVELOPING IRUN INTERCONNECTION POINT:
Current capacity requested at S-F interconnection point would allocate
100% of capacity offered from Spain to France and 60% of capacity
offered from France to Spain: High contracting level expected
Capacity requested from Spain to France at the border is 200% above
capacity offered at this point (Larrau+Irún): important market’s interest
Not building Irún means reducing capacity offered, and then allocated, at
S-F border. Moreover, since most of shippers requested coordinated
capacity along corridors, reducing capacity offered at one point
reduces capacity allocated in the rest of aligned points
16
II. Open Season ProceduresII.2 Investment decision-making regarding 2013 OS
CONCLUSIONS AND NEXT STEPS
• THE NEED FOR DEVELOPING IRUN INTERCONNECTION POINT:
Less allocated capacity means less use of infrastructures along the corridor,
which may jeopardize investment cost recovery
In general in Europe capacity booked at 100% in one flow sense justifies
investments
Capacity reserved for short term contracts will also produce incomes
Both projects are highly relevant from an strategic point of view and for
security of supply
Building Larrau and Bitiatou means shippers will received 50% of the
capacity they requested. If Biriatou is not built, this figure is reduced to
30%, which will seriously affect their business plans, introducing uncertainties
and reducing process credibility.
17
II. Open Season ProceduresII.3 2015 OS: Further actions
RESULTS OF THE NON-BINDING CAPACITY REQUESTING PERIOD
H Cap. Offered Cap. Requested G Cap. Offered Cap. Requested
GWh/day 281,980 225,520 GWh/day 264,000 82,640
% referred to cap. offered
79,98%% referred to cap. offered
31,30%
GWh/day 160,000 225,512 GWh/day 80,000 82,632
% referred to cap. offered
140,95%% referred to cap. offered
103,29%
F Cap. Offered Cap. Requested E Cap. Offered Cap. Requested
GWh/day 144,000 62,520 GWh/day 184,000 88,352
% referred to cap. offered 43,42%
TIGF % referred to cap. offered
48,02%
D B C ACap. Offered Cap. Requested Cap. Offered Cap. Requested Cap. Offered Cap.Solicitada Cap. Offered Cap. Offered
GWh/day GWh/day GWh/day GWh/day GWh/day GWh/day GWh/day GWh/day
144 61,520 144,000 38,000 184,000 101,531 184,000 55,992
% referred to cap. offered
42,72% 26,39%% referred to cap. offered
55,18% 30,43%
GRTgaz Nord
GRT gaz Sud
España
CD AB
18
II. Open Season ProceduresII.3 2015 OS: Further actions
2015 OS CALENDAR
19
II. Open Season ProceduresII.3 2015 OS: Further actions
NEXT STEPS REGARDING 2015 OS
• Principles to decide on network scheme design and capacity to sell
• Detailed calendar for 2010
• Documentation required for the binding phase
Information memorandum
Application forms
allocation rules, etc.
20
III. AOB