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Ministry of Mining and Energy Republic of Serbia www.mem.sr.gov.yu. Impact of Energy on stability and Economic Development in the Region Serbian Oil and Gas sector. SERBIAN ENERGY MILESTONES. Energy Law is enforced on August 1st 2004
Impact of Energy on stability and Economic Development in the Region
Serbian Oil and Gas sector
Public Enterprise NIS for exploration, production, processing and trade of oil and natural gas was divided into the new entities:
Joint Stock Company for exploration, production, processing, distribution and trade of oil and oil derivatives and for exploration and production of natural gas,
PE ” Srbijagas”,
Public Enterprise for natural gas transport, storage, distribution and trade;
Public Enterprise for the transport of oil by the oil transportation pipelines and oil derivatives by product pipelines;
At the moment, the Government has an intention to privatize “NIS” a.d. only.
The Government passed a decision on the selection of the Privatization Advisor for “NIS” a.d.
Merrill Linch&Raiffeisen Investment AG were selected by public tender procedure for Privatization Advisor
The Advisor’s task is to prepare and implementthe privatization strategy for “NIS” a.d..
The completion of the privatization strategy is expected in June 2006.
Oil 720.000 t
Gas 290.000 cm
1,000 industrial consumers
via Romania (north) Russia 32
via Romania (central) Russia or Caspian/ Iran 76 Nabucco pipeline
via Bulgaria Russia or Caspian/ Iran 83 Nabucco pipeline
via Croatia North African LNG 36 Croatian terminal
via Croatia and BiH North African LNG 73 Croatian terminal
via Macedonia Caspian/ Iran 67 Turkey-Greece pipeline
via Montenegro North African LNG 195 Montenegro terminal
via Albania Caspian/ Iran 202 Turkey-Greece pipeline
Route Source/dependanciesUS$ million
Interconnection of Serbian and Croatian pipeline systems would provide transit of gas to Croatia, particularly in case of connection to Romania pipeline system (Arad-Mokrin route)
Connection imoprt routes:
Connection export routes:
potential transit volumes in 2015, bcm
SCHORTEST ROUTE TO EUROPE
Constanza (Romania) – Serbia –Croatia – Trieste (Italy)
40 million tonnes per year
60 million tonnes per year
90 million tonnes per year
Final design capacity will depend on negotiated agreements with oil producers and refiners
A 1319 km pipeline to transport crude oil from Black Sea to Western/Central Europe
Start - a new marine terminal in Constanta,
Terminate - at in Trieste, Italy
Traverses - Romania, Serbia, Croatia, Slovenia &
Supplies - Western European Market by directly feeding into the existing pipeline network.
Industrial heartlands of Northern Italy, Germany, Austria and Czech Republic
Refineries supplied by existing pipelines
Pipeline fed from Trieste and Genoa, supplied by tankers using the Adriatic and Mediterranean Seas
TAL 37-40 Mt/y
Croatia 5-7 Mt/y
Serbia 5-8 mil.T/y
SPSE(25) & Other MED
Refineries : 100 Mt/y
----- Demand 2010- 2030
North Italian Grid
Security of Supply for Host Countriesand the rest of Europe
Substantial Economic Benefits for Host Countries
Enhanced Regional Cooperation and Interdependence
Reduced Environmental Risk in the Bosporus and Adriatic Sea
All other projects need export ports - PEOP no !
All alternative routes would significantly increase port activity in the Adriatic and/or Mediterranean - PEOP no !
All other pojects increase tankers traffic in the Adriatic and/or Mediterranean - PEOP no !
Host Government Agreement
“Bankable” PEOP Project
Promotion Of The Project
Agreements with oil producers and refiners, and financial institutions
Establish PEOP company
First Oil 2013?