1 / 16

European Natural Gas Networks Errika Georges The American College of Greece

3rd AFCEA Europe Student Conference ‘People, Projects and Perceptions - even thinking is participation!’ 26 October 2010 The Queen Elizabeth II Conference Centre, London, United Kingdom. European Natural Gas Networks Errika Georges The American College of Greece.

taffy
Download Presentation

European Natural Gas Networks Errika Georges The American College of Greece

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 3rd AFCEA Europe Student Conference‘People, Projects and Perceptions - even thinking is participation!’26 October 2010The Queen Elizabeth II Conference Centre, London, United Kingdom European Natural Gas Networks Errika Georges The American College of Greece

  2. NATURAL GAS PIPELINES IN PROMOTING ENERGY SECURITY WITHIN THE EU AREA

  3. ENERGY in the EU • Need for energy import dependendency from unstable and insecure regions • Today half of the EU’s gas consumption comes from 3 countries: Russia 40% – Norway 25% - Algeria 30%. • On current trends gas imports would increase to 20 % over the next 25 years Source: EU Green Paper, 2006

  4. NATURAL GAS • Commodity: being more strategically valuable • Need for importing • Natural Gas Pipelines: direct routes for the distribution of it createnetworks that serve DIFFERENT INTERESTS

  5. 2 Major Pipeline Projects Nabucco & South Stream U.S. + E.U. Russia Currently a very hot issue Under negotiation for: FINANCE RESOURCES

  6. South Stream Pipeline

  7. Russia’s position • Market Economy is extremely dependent on The Exports from Natural Gas by 50% Natural gas reserves are extremely important

  8. Analysis of Networks • Transit Countries (retain sound relationships) • Supply Countries (hard game) What is Russia doing?? Buys natural gas from Turkmenistan & Azerbaijan for 2 reasons:

  9. Strategy Having sufficient reserves inside the country; • Not spending their reserves • Eliminating the reserves of the rival projects(!!)

  10. Greek territory • Geopolitically benefited: WHY? • Pipelines of different interests will cross the country: Part of S. Stream Independent Pipeline I - nterconnectorT -rans- T - urkeyA - driatic G - reeceP -ipeline I – taly (Gr. – Alb. – It.)

  11. Possible alternatives – Strategic Partnerships?? • Strategically important for other reasons also: Seen as an energy hub and interconnector since Algerian liquefied natural gas (LNG) will be crossing Greece to reach Bulgaria.

  12. Thank you for your attention e.georges@acg.edu

More Related