Nabucco Presentation Belgrad 20Oct2005

8/14/2019 Nabucco Presentation Belgrad 20Oct2005

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1 copyright 2005 by OMV Gas GmbH, all rights reserved, 3 Oct 2005

Gas Bridge between Caspian Region / Middle East and Europe


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2nd Work Group meeting on SEE

Gas Industry Infrastructure FinancingBelgrade / Vrnjacka Banja, Serbia & Montenegro,3 4 October 2005

Rupprecht BERGER

Deputy Project Co-OrdinatorOMV Gas GmbH

Nabucco Working Group

[email protected]

Gas

Gas Infrastructure Europe


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Nabucco Gas Pipeline Project

Why Nabucco Gas Pipeline Project?


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Sources of Natural Gas Supply - European Union

2002Indigenous Net Imports 47%Production 53 %

2003Indigenous Net Imports 51%Production 49 %

2030Indigenous Imports 80%Production 20 %

14%

19%

12%

49%

6%

80%

20%

14%

18%

12%3%

53%

Import Norway

Import Russia

Import Algeria

Import Others

Indigenous Production

Indigenous Production

Imports

Source: EU-forecast, EU Energy, Issue 86,July 2nd, 2004Source: Eurogas


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Forecast of Gas Supply OECD Europe

OECD European gas balance, 1990 - 2030

0

200

400

600

800

1.000

1990 2000 2010 2020 2030

bcmy

Indigenous produc tion A frica Trans ition economiesMiddle East Other

Source: Security of Gas Supply in Open Markets - LNG and power at a

turning point, Edition 2004 (OECD/IEA)


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Nabucco Gas Pipeline

New gas supply route to Europe from

Turkey to Austria

via Bulgaria, Romania and Hungary


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Project Partners

OMV

OMV Gas GmbH, Austria

MOL

MOL Plc., Hungary

Transgaz S.N.T.G.N. Transgaz S.A., Romania

Bulgargaz

Bulgargaz EAD, Bulgaria

BOTAS

Botas Petroleum Pipeline Corporation, Turkey


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Nabucco Gas Pipeline

Strategic Goals of Project

Opening a new gas supply corridor for Europe from Middle East and

Caspian regions

Raise transit profiles of participating project countries

Contribution to security of supply for partner countries, SEE- countriesand for Europe as a whole


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Project Phases

08 09 10 11 12 13 1403 04 2005 06 07

Feasibility Study

2ndstep

Operating& Marketing

Constr.1st step

Develop-ment


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Feasibility Study Phase - Findings Technical Study

VIENNA

BUCHAREST

SOFIA

ANKARA

ISTANBUL

BUDAPEST

Project is

technically feasible

Routing corridor defined

Border crossings fixed

Pipeline Diameter: 56 Distance: 3,300 km

Investment: 4.6 bill.


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Feasibility Study Phase - Findings Technical Study

2008 2009 2010 2011 2012 2013 2014 2015 2016

3,300 km + Compression

Capacity: up to 25.5 bcm

Construction

O p e r a t i o n


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Supply Sources for Nabucco

Azerbaidschan

10-14 bcm

Egypt Iran

10-20 bcmIraq8-10 bcm


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Feasibility Study Phase - Findings Market Study /

Demand

0

5

10

15

20

25

30

35bcm

Base Case

2011

2020

High Case Base Case High Case

Capacity to Baumgarten

Of f take Transit Countr ies

2,55,0

1215

2

8

13,5

16

Markets along the entire route

Gas business oportunities

at gas hubs

Gas swap possibilities between

Baumgarten, Zeebrugge, Bacton,Emden, Eurohub

Gas flow through Nabucco

4,5

13.0

25.5

31.0


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Nabucco company structure

NabuccoInternational

Company

Nabucco InternationalFINCO

OMV MOL TG BG Botas NN

NabuccoAustria

NabuccoHungary

NabuccoRomania

NabuccoBulgaria

NabuccoTurkey

S h a r e h o l d e r s


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Development Phase

2005 2006 2007

EconomicIssues

Technical Issues

Financial & Marketing Issues

Legal Issues


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Development Phase

2005 2006 2007

Environmental Impact Assessments

Social Impact Assessments

Basic Engineering

Detailed Engineering

Tender

Right of Way Aquisition

Technical Issues


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Development Phase

2005 2006 2007

Joint Venture Agreement

Intergovernmental Agreements

Contractual framework set up / Exemption

Establishment of national Nabucco Companies

Establishment of Nabucco International Company

Elaboration of Heads of Terms (Transportation Contractors)

Legal Issues


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Development Phase

2005 2006 2007

Consolidation with Nabucco International Company

Final decision on corporate structure

Review of overall business plan

Establishment of national Nabucco Companies

Tax optimisation analysis

Economic

Issues


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Development Phase

2005 2006 2007

Additional strategic shareholders

Transportation Contracts

Construction Budget

Financial Issues

Equity funding, guarantees agreed

Approaching of lenders

Financial Close

Financing Contracts


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Gas Bridge between Caspian Region / Middle East and Europe

Documents

Nabucco Presentation Belgrad 20Oct2005