Download Ms Katerina Imellou, Senior Legal Counsel

Alexandroupolis LNG
October, 2015
Located in the crossroads of the European energy corridors
Alexandroupolis LNG
Project components
The project comprises 3 distinct components:
1. The floating LNG Storage and Regasification unit:
•
An LNG vessel with mounted regasification functionality (SRV)
2. The permanent offshore structures, including:
•
The Mooring system
•
The Flex Risers and the Pipeline End Manifold (PLEM),
transmitting gas from the floating unit to the subsea pipelines
3. The two sections of the natural gas pipeline transmission system, i.e.:
•
The subsea section: 24 km and the onshore section: 4 km
connecting the offshore terminal to the Greek National Gas Grid (NNGS)
A Pipeline system comprising a Subsea and an Onshore section
connects the floating unit to the NNGTS
National NG
Transmission
System (ESFA)
NNGTS (ESFA)
New M/R - DESFA
Onshore pipeline
4 km / D = 30’’
Alexandroupolis
10 km
SRV
Subsea pipeline
24 km / D = 30”
Technical features
•
LNG storage capacity: 170,000 m3
•
LNG receiving rate: up to 10,000 m3/h
•
Max.
sustainable
send-out
(re-gas)
capacity 700,000 Nm3/h (≈ 630 mmscfd)
i.e. > 6.1 bcm/yr
•
Re-gas system: Hybrid (2 Closed Loop,
2 Open Loop) - 4 x 400 m3/h of LNG
•
Sea depth at mooring position: ≈ 40 m
•
Adjustable gas send-out pressure to fit
receiving system requirements (e.g.
NNGS ≈ 50 barg, TAP ≈ 90 barg)
•
Pipeline system sizing (diameter): 30’’
A new energy Gateway to Europe
Greek National Gas Transmission System (ESFA)
Gas Interconnector Greece – Bulgaria (IGB)
to Romania &
Eastern
European
markets
Gas Interconnector Greece – Turkey (ITG)
TAP / TANAP
Country networks and Regional Interconnectors
– SEE and Balkans gas ring
Stara Zagora
Bulgaria
Kula - Sidirokastro
24”
Greece
Turkey
30”
Komotini
36”
Alexandroupolis
LNG supply
Kipi
Best placed to offer an Alternative Supply and Route Solution to Bulgaria and onwards
to Romania, Serbia and the wider region all the way to Ukraine
• Security & Diversification
of Supply
• New Pricing
• Enhancing trading
optionality
Alexandroupolis LNG
Careful consideration of Safety, Social & Environmental aspects
• Minimum environmental footprint
Evros district South Forest
(Gr1110009)
• In cooperation with local and national authorities
• Fully supported by local community
• Offers employment opportunities in the area
• All safety conditions met
Φ10
3,9 km
NNGS
pipeline
Φ8
Touristic zones
Φ4
Military Areas
SEVESO –
Worst Case
Scenario
Offshore
wind parks Planned
Evros River Delta
Gr 1110006
Φ3
Ship waiting area
Protected Zones
Φ2
Offshore wind parks - Planned
LNG-RV
National waters (6 ΝΜ)
Φ1
Offering direct access to the regional gas markets, creating new investment and
marketing opportunities
Strategically located to access the Regional markets and infrastructure projects
• Feeding into the Greek NG transmission system and to the Greek market
• Offering a new gas supply route to Bulgaria and onwards to Serbia, Romania &
further to Hungary / Ukraine via the Interconnector Greece – Bulgaria (IGB) and the
other planned regional interconnection projects
• Potential to supply the large and fast growing Turkish market via the existing ITG
• Ability to link and provide an additional gas source into TAP, support the South
Corridor and access the West Balkan markets
• Located and sized to capture material Growth potential in the region (anticipated
demand growth between 2015-2024 at 20 bcm)
• Access to a variety of major new international supply sources including the US and
East Med
• Can be the earliest available alternative supply infrastructure in the region, ahead of
any other planned project
Project reaching maturity - Licensing completed
• Production license (INGS – Independent Natural Gas System license):
 Received from the Ministry of Environment, Energy and Climate Change,
following positive opinion of the Greek Energy Regulator (RAE) (Aug.2011)
• Access rights to shore, seabed and sea area (required for subsea / offshore works):
 Granted by the Ministry of National Economy (Sept.2014)
• SEVESO II study:
 Submitted to the Ministry of Environment, Energy & Climate Change (May.2012)
Acceptance from all relevant authorities granted for the 1st phase of development
• Environmental & Social Impact Assessment (E.S.I.A.) study:
 Approved by the Minister of Environment, Energy & Climate Change (27.03.2013)
• Installation Act and Installation license
 Installation Act and Installation license issued by the Ministry of Environment,
Energy & Climate Change (30.12.2014 & 20.01.2015 respectively)
Project start up: 1Q2018
ALEXANDROUPOLIS LNG INGS
Favourable conditions and prospects for the financing of the project
Project Licensing completion rate: > 80% (Cont’d)
• Project received PCI status from E.C. (EC 347/2013, EC 1391/2013) for the period 20132015 and is again in the final list to maintain PCI status for 2015-2017
• Eligible for Grants of up to 50% through Connecting Europe Facility (CEF) –
Grant already APPROVED for FEED (November, 2014) – (€ 1.75 mil.)
• Eligible for favorable financing tools and terms from E.I.B. (E.F.S.I.) / E.B.R.D.
• Project eligible for subsidies and tax exemption in line with Greek Investment law
• Project candidate to be included in the 2014-2020 Corporate Agreement for the
Development Framework (C.A.D.F. – E.S.P.A.)
• Export financing schemes available from equipment suppliers
• Long standing relationships with local and international financial institutions