Spain's Gas System Enagas EFG 09.pdf

Spain’s Gas Industry ithi th EUwithin the EU

Juan Pons. i l d i l ió

June 2009

Director General de Estrategia y Regulación

1. ENAGAS Overview2 S i ´ N t l G I d t “C t Sit ti ”2. Spain´s Natural Gas Industry “Current Situation”3. Spain´s Natural Gas Industry “Future Developments”4. Liberalization of the Spanish Gas Industryp y5. European Union Security of Supply6. European Energy Third package

1

ENAGASENAGASOverviewOverview

2

Enagas Key Investment Highlights: Focused Strategy

RegulatedAssets

Sp as rtat

ion

Spain Gas

Tran

spor

t

Pivotal Role in ► Owner of 90% transport network, main player in regasification

Fully Regulated ► Revenues with no volume or commodity exposure, collected through settlement system handled by the regulator

Pivotal Role inSpanish Gas Sector

► Owner of 90% transport network, main player in regasification /storage and national system operator

Spanish InfrastructurePlan

► Investments follow mandatory Government plan; all capex brings new additional regulated revenues

Strong CreditProfile

► Commitment to maintain its strong credit rating (AA-/A2) through conservative financing policies

Track Record ofDelivery ► Consistently meeting investment, growth and financial targets

Supportive 5% d b S i h St t d li it ti t k i d

Profile through conservative financing policies

3

Supportive Ownership Oversight

► 5% owned by Spanish State and limitations on stake size and voting rights for other shareholders

Activities at 01-01-2009

Enagas: Main Magnitudes and Activities

TRANSPORTATION8,438 Km of pipelines

Activities at 01 01 2009UNDERGROUND GAS STORAGE

Operation of two storage facilities

Operating Volume: 0.7 Mm3 (Serrablo)Cap. Extraction /Injection: 6.8/3.8 (Mm3(n)/day)

Enagás: Leading Gas

Transport Company in

Spain and System

REGASIFICATIÓN

Regasification capacity: 4,350 (Km3(n)/h)

LNG tanks capacity: 1.4 (Mm3)

SYSTEM TECHNICAL MANAGER

Technical Manager

Activity: Fully Regulated and System Technical Manager

Financial Basic Information Shareholding Structure

Focus on Spain and Portugal

Others37%

United States30%

SEPI5%

Bancaja Inversiones

5%

REN1%

Market Cap(1)

Net Debt 2008

EBITDA 2008

3,106 mill €

2,351 mill €

636 mill € 37%

United Kingdom24%

Free float69%

BBK5%

Cajastur5%

O Oil H ldi

Sagane Inversiones

5%

EBITDA 2008 636 mill €

Capex 900 mill €

Net Income 2008 259 mill €

Targets 2009

4

Spain9%

24%Oman Oil Holdings5%

p

(1) As of 10th June 2009, €13.01 per share.

Assets put into into operation 900 mill €

Enagas Investment Plan breakdown 2007-2012

Activity

10,9008,100Pipelines(Km)

•2012•Infrastructure

+42%

2008 %

518,400327,700Compression Stations (kW)

(Km)

+93%

Transportation(60%)

Regasification

2.31.4LNG

tanks capacity (Mm

3)

+80%

(25%)

5,6004,350Regasificatio

n capacity(Km

3(n)/h)

+33%

Underground Storage

(15%)

46.86.9Extraction (Mm3(n)/day)

3.00.7Operating

Volume (Mm

3(n))

+588%

+328%

5

Enagas’s Committed Investment plan

Enagas: Infrastructure Operator

ifi tiregasificationBarcelona: 1 650 000 m3(n)/h ; (6 TK´s: 540 000 m3 LNG)Barcelona: 1.650.000 m3(n)/h ; (6 TK s: 540.000 m3 LNG)Cartagena: 1.350.000 m3(n)/h ; (4 TK´s: 440.000 m3)Huelva : 1.350.000 m3(n)/h ; (4 TK´s: 460.000 m3)

transmission>8.000 km of high pressure pipelines (72-80 bar) (>90% of total)International links to Morocco, France & Portugal (x2)

storagestorage“Serrablo” underground storage facility (Total capacity: 9.6 TWh)

6

Enagas business takes place in a 100% regulated area It Enagas business takes place in a 100% regulated area It

Enagas: Main Magnitudes and Activities

Enagas business takes place in a 100% regulated area. It mitigates the impact of market fluctuations

Enagas business takes place in a 100% regulated area. It mitigates the impact of market fluctuations

REGANOSAMUSEL BILBAO



6.000

≈ 2.800 M€≈ 2.800 M€

Total investment foreseen 2007-2012 ≈ 5.000 M€

REGANOSA

CASTOR

GAVIOTA LARRAU

YELA

BARCELONA

SERRABLO

REUS

CARDONA

DORADA

REGANOSA

CASTOR

GAVIOTA LARRAU

YELA

BARCELONA

SERRABLO

REUS

CARDONA

DORADA

REGANOSA

CASTOR

GAVIOTA LARRAU

YELA

BARCELONA

SERRABLO

REUS

CARDONA

DORADA

2.000

3.000

4.000

5.000

777 M€777 M€

≈ 900 M€≈ 900 M€

≈ 2.800 M€

CARTAGENA

SAGUNTO

CASTOR

LAS BARRERASEL RUEDO


CARTAGENA

SAGUNTO

CASTOR



CARTAGENA

SAGUNTO

CASTOR



0

1.000

2007 2008 2009 periodo 2010-2012

501 M€501 M€

777 M€777 M€

HUELVA

TARIFA

ALMERÍA

CARTAGENA

MARISMASPOSEIDÓN

GasoductoEstación de compresiónTanque de GNLAlmacenamiento subterráneo


Incorporación INFRAESTRUCTURASen operación a 31-dic-2007aprobadas en la Revisión 2005-2011 de la Planificación Obligatoria 2002-2011Planificación Obligatoria 2007-2016 – Categoría APlanificación Obligatoria 2007-2016 – Categoría B


Planificación Obligatoria 2008-2016


D. PLANIFICACIÓN

Incorporación INFRAESTRUCTUR ASen operación a 31-dic-2007aprobadas en la Rev isión 2005-2011 de la Planif icación Obligatoria 2002-2011Planif icación Obligatoria 2008-2016 – Categoría APlanif icación Obligatoria 2008-2016 – Categoría B

HUELVA

TARIFA

ALMERÍA

CARTAGENA

MARISMASPOSEIDÓN







D. PLANIFICACIÓN

HUELVA

TARIFA

ALMERÍA

CARTAGENA

MARISMASPOSEIDÓN







D. PLANIFICACIÓN

Incorporación INFRAESTRUCTUR ASen operación a 31-dic-2007aprobadas en la Rev isión 2005-2011 de la Planif icación Obligatoria 2002-2011Planif icación Obligatoria 2008-2016 – Categoría APlanif icación Obligatoria 2008-2016 – Categoría B

Incorporación INFRAESTRUCTUR ASen operación a 31-dic-2007aprobadas en la Rev isión 2005-2011 de la Planif icación Obligatoria 2002-2011Planif icación Obligatoria 2008-2016 – Categoría APlanif icación Obligatoria 2008-2016 – Categoría B Investments related to peak demand.

Natural Gas is the backup of Renewable Energies in electricity generation.

Remuneration by Tolls and Fees for the use of Transmission, Regasification and Storage Infrastructures.

Investment Retribution depends on the Asset Base, is independent from demand fluctuations and

7

Investment Retribution depends on the Asset Base, is independent from demand fluctuations andOperation and Maintenance costs, according to a standard values.

SPAIN’S NATURAL SPAIN’S NATURAL GAS INDUSTRYGAS INDUSTRY“Current Situation”“Current Situation”“Current Situation”“Current Situation”

8

Natural gas sales evolution

Natural Gas Demand

380 000400.000420.000440.000460.000

Unidad: GWh/año

Natural gas sales evolution

280 000300.000320.000340.000360.000380.000 Sector eléctrico ATR

ATR Internacional

Convencional ATR

180 000200.000220.000240.000260.000280.000 Sector eléctrico a tarifa

Convencional a tarifa

100.000120.000140.000160.000180.000

020.00040.00060.00080.000

1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008198226.635+10%

198425.831

-5%

198632.379+8%

198845.985+27%

199066.340+11%

199277.918+6%

199482.874+9%

1996108.031+13%

1998152.319

+7%

2000200.407+13%

2002248.139+15%

2004320.172+14%

2006397.358

+6%

2008451.535+10%

At the end of 2008 there were 54 groups of natural gas combined le into ope tion ith tot l p it of 20 951 MW

Power Generation Natural Gas Demand

nº CTCC CT GWh nº CTCC CT GWhAES 3 0 8 219

· CTCC· CT convencionales

(Utilización 52%)184.6052 863

GWhGWh

Anual a fecha 31-12-2008

Gas sector eléctrico 187.468 GWh por compañía propietaria de la instalación

cycle into operation, with a total capacity of 20.951 MW.

AES 3 0 8.219mapa correspondiente al último día del periodo solicitado BBE 2 0 9.456

Electrabel 2 0 7.514Endesa 6 5 28.069Esbi 2 0 6.290GNCom 10 0 36.028

· CT convencionales 2.863 GWh

HC 3 0 8.227Iberdrola 14 3 42.064U. Fenosa 10 0 37.744Viesgo/EON 2 0 3.858

nº CTCC CT GWh nº CTCC CT GWhAndalucía 12 1 43.428 País Vasco 5 1 18.095Aragón 5 1 12.855 Valencia 7 0 21.363Asturias 1 0 1.620Castilla Mancha 2 2 9 580

ubicación por CCAA

Castilla-Mancha 2 2 9.580Cataluña 6 3 25.205Galicia 3 0 9.959La Rioja 2 0 7.162Murcia 8 0 29.834Navarra 3 0 8.368

Potencia instalada en CTCC: 20.951 MW

Power Generation Natural Gas Demand

1%

Year 2008

Natural gas combined cycle16%

1%

WindOther renewalsHydro20%

%32%

Nuclear

Coal

Fueloil11%

13%7% Fueloil13%

11

Supplies to Spanish natural gas system in 2008

Natural Gas Supply

Unidad : GWh GWh % GWh %real 2007 real 2008

Supplies to Spanish natural gas system in 2008

Argelia GN 102.243 103.691

Argelia GNL 50.178 56.814

Qatar GNL 50.445 12% 53.611 12%

Omán GNL 2.704 1% 7.820 2%

35%37% GNL72%

GNNigeria GNL 96.871 24% 86.676 19%

Egipto GNL 46.960 11% 56.986 12%

Noruega GN 25.257 20.807

Noruega GNL - 11.478 6% 7%

OmánQ

T&T10,9%

Noruega7,0%

GN28%

Francia GN 1.049 0,3% 1.489 0,3%

Libia GNL 8.760 2% 6.090 1%

T&T GNL 24.440 6% 50.053 11%

Guinea Ecuatorial GNL - 945 0,2%

1,7%

Egipto12,4%

Qatar11,7%

,

...

,

Otros GNL - 1.107 0,2%

Nacional GN 1.040 0,3% 1.334 0,3%

TOTAL 409.947 100% 458.901 100%

,

Nigeria18,9%

Argelia 35,0%

2002-20082008

Natural Gas Supply

72%72%

80%

90%

100%

Nacional0 3%

2008

58%50%

60%

70%0,3%

LNG

42%

20%

30%

40%Importación

99,7%

28%28%

0%

10%

2002 2003 2004 2005 2006 2007 2008

GN GNL

Pipe

GN GNL

LNG imports have been 72%, confirming the LNG strong share in supply.

LNG/NG Share will partially equilibrate with Medgaz pipeline operation in late2009.

13

SPAIN’S NATURALSPAIN’S NATURALGAS INDUSTRYGAS INDUSTRY“Future developments”“Future developments”“Future developments”“Future developments”

14

Growth prospects in Spanish gas sector...

N t l G D d P k D dNatural Gas Demand Peak Demand(bcm) (GWh/day)

+5.4%CAGR = 5.6%

x 1.3

1 9CAGR = 11.4%

x 1.546

2,866

1 135

1,532CAGR = 11.6%

x 1.9+12.1%

22.922.4

29

18.2

35.138.6

1,6621,863

,866

573 7281,334

1,0891,135

Winter Peak '06/07 Winter Peak '07/08 Winter Peak '11/12

1.1 12.2 16.2 1717.1

2001 2007 2008 2012E(1)

• 10.1% demand growth in 2008; Expected 46 bcm in 2012• Growth in projected peak demand higher than in total demand

Winter Peak 06/07 Winter Peak 07/08 Winter Peak 11/12

GenerationConventional Demand GenerationConventional Demand

• Strong increase in gas demand for generation: +27% in 2008, accounting for 42% of total gas demand and 25% of electricity generation

• Enagás capex plan based on long-term view on demand and peak demand; independently of short-term demand fluctuations

15

Enagás’ focus is on enabling infrastructure for peak demand.(1) Source: National Infrastructure Plan 2008-2016.

Highlights of Spanish Electricity Sector

CCGT i O ti R bl i O tiCCGTs in Operation Renewables in Operation

CAGR 2008-16 = 20.5%CAGR

2008-16 = 5.4%

(MW) (MW)

10 680

39,680

CAGR 2001-07 = 20.5%

CAGR 2004-07 = 38.7%

2008 16 5.4%

29 0004,442

10,680

35 000

+4.2%

14,313

20,214

+41%

2,7678,507

12,791 15,772

29,000

2001 2004 2007 20080

8,285

22,107 23,054

35,000

2001 2004 2007 2008 2016E(1) 2016E(1)

3,144

9,298

• CCGT is the highest growing thermal generation source in Spain • Spain has made a strong effort to increase the weight of renewables in the Spanish

2001 2004 2007 20082001 2004 2007 2008 2016E

Other renewablesWind

2016E

p g g pgeneration mix, both in the past and for the foreseeable future

• Renewable generation is volatile and therefore needs appropriate back-up through CCGT which in turn makes additional infrastructure capacity necessary

Profile of natural gas increasingly relevant in Spanish electricity sector

16

Profile of natural gas increasingly relevant in Spanish electricity sectorfor its own merits and through renewables growth.

(1) Source: National Infrastructure Plan 2008-2016.

Wind Power & CCGTs in Spain

Fl ibilit i Flexibility is Paramount!

Current 21 GW

Installed Capacity

Current 21 GWFuture (2016) 34 GW

CCGTs

Wind Power

Current 14 GWFuture (2016) 28 GWPower Future (2016) 28 GW

Wind Power generation means high electrical fluctuations. Wi d P ti b k d b CCGT

17

Wind Power generation are backed-up by CCGTs.CCGTs are backed-up by LNG (mainly) and storage.

Main gas infrastructures included in mandatory planning 2008-2016

Spanish GAS INFRASTRUCTURES

REGANOSA MUSEL

GAVIOTA IRÚN

BILBAO

LARRAU

REGANOSA MUSEL

GAVIOTA IRÚN

BILBAO

LARRAU

825.600 Nm3/h

1.000.000 Nm3/h1.200.000 Nm3/h

BARCELONA

SERRABLO

BARCELONA

SERRABLO

SAGUNTO

CASTORYELA

SAGUNTO

CASTORYELA

1.950.000 Nm3/h

1.400.000 Nm3/h



LAS BARRERASEL RUEDO 1.350.000 Nm3/h

HUELVA

TARIFA

ALMERÍA

CARTAGENA

MARISMASPOSEIDÓN


Incorporación INFRAESTRUCTURAS

LAS BARRERAS

HUELVA

TARIFA

ALMERÍA

CARTAGENA

MARISMASPOSEIDÓN



Incorporación INFRAESTRUCTURASIncorporación INFRAESTRUCTURAS

LAS BARRERASLAS BARRERAS

1.650.000 Nm3/h

18

TARIFA en operación a 31-dic-2007aprobadas en la Revisión 2005-2011 de la Planificación Obligatoria 2002-2011Planificación Obligatoria 2008-2016 – Categoría APlanificación Obligatoria 2008-2016 – Categoría B

TARIFA en operación a 31-dic-2007aprobadas en la Revisión 2005-2011 de la Planificación Obligatoria 2002-2011Planificación Obligatoria 2008-2016 – Categoría APlanificación Obligatoria 2008-2016 – Categoría B

en operación a 31-dic-2007aprobadas en la Revisión 2005-2011 de la Planificación Obligatoria 2002-2011Planificación Obligatoria 2008-2016 – Categoría APlanificación Obligatoria 2008-2016 – Categoría B

Spain: LNG Terminals to 2016

Barcelona - ENAGÁS1969

(6) 540.000 (5) 680.0001.650.000 1.950.000

1Bilbao - BBG

2003(2) 300.000

800.000(4) 600.000

1.400.000

4

1.200.000

Gijón(2011e.M.P.)

(4) 600.000

9

REGANOSA MUSEL

GAVIOTA IRÚN

SERRABLO

BILBAO

LARRAU

REGANOSA MUSEL

GAVIOTA IRÚN

SERRABLO

BILBAO

LARRAU

1.200.000

Sagunto - SAGGAS2006 5Ferrol - REGANOSA

20076

SAGUNTO

CASTORYELA

BARCELONA

SERRABLO

SAGUNTO

CASTORYELA

BARCELONA

SERRABLO

Huelva - ENAGÁS2 Cartagena - ENAGÁS3

(4) 750.0001.600.000

(2) 300.0001.000.000825.000

(2) 300.000(2) 300.000410.000

HUELVA

TARIFA

ALMERÍA

CARTAGENA

MARISMASPOSEIDÓN




HUELVA

TARIFA

ALMERÍA

CARTAGENA

MARISMASPOSEIDÓN







(1)

(1)

Huelva - ENAGÁS1988

(4) 460.000 (5) 760.0001.350.000 1.800.000

2 Cartagena ENAGÁS1989

(4) 440.000 (5) 590.0001.350.000 1.650.000

3

G.Canaria - GASCAN(2012 e.M.P.)

7Tenerife - GASCAN

(2011 e M P )8

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Starting operation



LNG plant -

Starting operation





LNG plant -

Starting operation



- /LNG plant -

Starting operation



LNG plant -

Starting operation





LNG plant -

Starting operation





LNG plant -


/Promotor


LNG plant -

Starting operation



LNG plant -

Starting operation









LNG plant -

Starting operation

Owner/

Starting operation





LNG plant -

Starting operation

Owner/

Starting operation





LNG plant -

Starting operation



LNG plant -

Starting operation





LNG plant -

Starting operation



- /LNG plant -

Starting operation

Operator/Promotor


LNG plant -

Starting operation



LNG plant -

Starting operation

Operator/Promotor


LNG plant -

Starting operation



- /LNG plant -

Starting operation



LNG plant -

Starting operation





LNG plant -

Starting operation





LNG plant -


/Promotor


LNG plant -

Starting operation



LNG plant -

Starting operation









LNG plant -

Starting operation

Owner/

Starting operation





LNG plant -

Starting operation

Owner/

Starting operation





LNG plant -

Starting operation



LNG plant -

Starting operation

Owner/OperatorLNG plant -

Starting operation



LNG plant -

Starting operation



- /

19

150.000(1) 150.000

(2011 e.M.P.)

(1) 150.000150.000

(nº tk.) LNG Storage

(nº tk.) LNG Storage 2011 (m3)

Send out (m3(n)/h)

Send out 2011 (m3(n)/h)

2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3



Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3

(nº tk.) LNG Storage 2005 (m3)Send out 2005 (m

3(n)h)



Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3



Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3

Current(nº tk.) LNG Storage (m 3)Current Send out(m

3(n)h)



Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3



Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3


3(n)h)



Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk tk

3)out


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3

tk3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3



Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk tk

3)out


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3

Current (nº tk.) LNG 3

Current Send out(m

3(n)h)

Storage (m )(nº tk.) LNG Storage


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)


2002 (m3)tk(nº tk.) LNG

Storage 2011 (m3)Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3



Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)





2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3


3(n)h)



Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)





2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk tk

3)out


Send out (m3(n)/h)


tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3

tk3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3



Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)





2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk tk

3)out


Send out (m3(n)/h)


tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3


3(n)h)



Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)





2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)





2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)


2002 (m 3)

3out 2011

32002


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3



Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)





2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)





2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)


2002 (m 3)

3out 2011

32002


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3


3(n)h)



Send out (m3(n)/h)





2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)


2002 (m 3)

3out 2011

32002


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)


tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk tk

3)out


Send 2002 (m3)

tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3

tk3)

3out 2011

32002

tk tk3)

out 3

3

3

tk3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3



Send out (m3(n)/h)





2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)


2002 (m 3)

3out 2011

32002


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)


tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk tk

3)out


Send 2002 (m3)

tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk

out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3


Current Send out(m

3(n)h)

Storage (m ) 66



Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3



Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3


3(n)h)



Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3



Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3


3(n)h)



Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3



Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3


3(n)h)



Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk tk

3)out


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3

tk3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3



Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk tk

3)out


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3


Current Send out(m

3(n)h)

Storage (m )(nº tk.) LNG Storage


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)





2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3



Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)





2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3


3(n)h)



Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)





2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk tk

3)out


Send out (m3(n)/h)


tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3

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3out 2011

32002

tk tk3)

out 3

out 2011 3

3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3



Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)





2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk tk

3)out


Send out (m3(n)/h)


tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3


3(n)h)



Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)





2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)





2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)


2002 (m 3)

3out 2011

32002


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3



Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)





2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)





2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)


2002 (m 3)

3out 2011

32002


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3


3(n)h)



Send out (m3(n)/h)





2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)


2002 (m 3)

3out 2011

32002


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)


tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk tk

3)out


Send 2002 (m3)

tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3

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3out 2011

32002

tk tk3)

out 3

3

3

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3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3



Send out (m3(n)/h)





2002 (m3)tk

3)

3out 2011

32002


Send out (m3(n)/h)


2002 (m 3)

3out 2011

32002


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out


Send out (m3(n)/h)


tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk tk

3)out


Send 2002 (m3)

tk tk3)

out


Send out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk

out (m3(n)/h)


2002 (m3)tk

3)

3out 2011

32002

tk tk3)

out 3

out 2011 3

3) 3

3


Current Send out(m

3(n)h)

Storage (m ) 66

Spain: LNG Infrastructure to 2016

R ifi ti C it [M 3( )/h]Regasification Capacity [Mm3(n)/h]

6

8

1012

2

4

6

Storage Capacity (Mm3 LNG) N mber of Tanks

2002 2004 2006 2008 2010 2012 2014 2016

Barcelona Cartagena Huelva Bilbao Sagunto El Ferrol Musel Tenerife Gran Canaria

Storage Capacity (Mm3 LNG)

2.5

3.5

4.5 Number of Tanks

20

30

40

0.5

1.5

2002 2004 2006 2008 2010 2012 2014 2016

10

20

2002 2004 2006 2008 2010 2012 2014 2016

20

2002 2004 2006 2008 2010 2012 2014 2016

Barcelona Cartagena Huelva Bilbao Sagunto El Ferrol Musel Tenerife Gran CanariaBarcelona Cartagena Huelva Bilbao Sagunto El Ferrol Musel Tenerife Gran Canaria

Infrastructures reinforcing the Transmission Network

Spain: Pipeline network development to 2016

Infrastructures reinforcing the Transmission Network

7.800 km 2007

2009

2008 en servicio

nuevos años anteriores

nuevos en el año

New pipelines attending demand in their local areaNetwork development 2008-2016

9.700 km 2011

2010

2014

2013

2012

1.926 kmTotal: +3.555 km

11.600 km 2016

2015

0

1 629 k

21

0 1.500 3.000 4.500 6.000 7.500 9.000 10.500 12.000 13.500 15.000

kilométros gasoductos red básica

1.629 kmprimarios secundarios

Spain: Capacity Evolution

6,2

8,09,7

8

10

12

n)/h +21%

7

x 1,63,5

4,4

3,03,54,04,55,0

Mm

3 GN

L

+20%32 TKs enoperación

x 2,0

Regasification LNG Storage tanks

2,3

0

2

4

6

Mm

3 (n

+176%

+29%x 2,7

0,6

2,2

0 00,51,01,52,02,5

Cap

acid

ad M

Baja de 3tanques

en la planta de Barcelona+293%

+61%

8 TKs en operación

19 TKs enoperación

26 TKs enoperación

x 3,7

2002 2007 2011 20160,0

2002 2007 2011 2016

700.000Km Pipelines Compressor Stations

6 4007.800

9.700

11.600

8.000

10.000

12.000

Km

+24%

+20%

x 1,2

x 1,5

282 700

479.400

577.900

400.000

500.000

600.000

cia

kW+21%

x 2,2

p p

6.400

2.000

4.000

6.000

Long

itud

+22%

+24%

102.200

282.700

0

100.000

200.000

300.000

Pote

n

+177%

+70%

x 1,8

22

02002 2007 2011 2016

02002 2007 2011 2016

Evolution CCGT vs. REGASIFICATION Capacity

30,000

35,000

Installed Power (MWe)

12

14

16

Regasification Capacity(MNm³/h)

6

7

8

LNG Storage Capacity (Mm3)

30,000

35,000

Installed Power (MWe)

12

14

16

Regasification Capacity(MNm³/h)

15,000

20,000

25,000

6

8

10

12

3

4

5

6

15,000

20,000

25,000

6

8

10

12

2002 2005 2007 2011 20160

5,000

10,000

2002 2005 2007 2011 20160

2

4

0

1

2

0

5,000

10,000

0

2

4

6

2002 2005 2007 2011 2016

CCGT

2002 2005 2007 2011 2016

Regasification Capacity (MNm3/h) CCGT WindCCGTRegasification Capacity (MNm3/h) CCGT Wind LNG Storage Capacity

Coherent planned development:

23

Wind Power - CCGT - Regasification Plants - and …… and LNG Storage Capacity

Liberalization of the Liberalization of the Spanish Gas IndustrySpanish Gas Industry

24

Development of the Natural Gas Industry

Spanish Gas System: HISTORY

►1972: Creation of Enagás.►1975: Enagás signs Algerian LNG contract►1983: National Energy Plan

Development of the Natural Gas Industry99--

1996

1996

gy►1991: Agreement to build Europe-Maghreb Pipeline►1994: 90% Enagás sold to a group of LCD

The liberalizations Process Starts

1969

1969

►1997: First TPA provisions►1998: Hydrocarbons Act /First EU directive/Remaining 10% Enagás sold to a group

of LCD

The liberalizations Process Starts

--200

220

02

►

►1999-2002: Basic Regulatory Framework Development►2001: Spin-Off of Enagás►2002 Enagas IPO

1997

1997

►2003: Full eligibility since 01.01.2003►2005: System Code (for all infrastructures: transmission, distribution, LNG terminals & UGS)

The Liberalisation Process is Completed

77--20

0220

02

25

►2008: Integral Basic Tariff disappears. 100% market supply by the TPA market.

1997

1997

Active Shippers in Spain

26

LNG Supplies to the LNG Market

TWh

300

350

200

250

300

75 %75 %

100

150

200 75 %75 %

0

50

100

25 %25 %

New entrantsIncumbent Integral Regulated Tariff Market TPA market:

2001 2002 2003 2004 2005 2006 2007 2008

27

European Union European Union ppSecurity of SupplySecurity of Supply

28

Supply cuts of Russian E

Europe´s security and diversification of supply couldEurope´s security and diversification of supply could

Security of Supply in Europe

gas to Europe, consequence of the gas crisis between Rusia and Ukraine in January 2009 resulted in several

u ope s secu ty a d d e s cat o o supp y cou dbe increased connecting its main Central Europeanmarkets with the African producer countries throughhigh capacity interconnections via Spain.

u ope s secu ty a d d e s cat o o supp y cou dbe increased connecting its main Central Europeanmarkets with the African producer countries throughhigh capacity interconnections via Spain.

2009, resulted in several european countries not being able to cover the 100% of their demand.

S i h G S i h G

País Importa de Rusia

Bulgaria 100%Macedonia 100%

EUROPEAN DEPENDENCE ON RUSSIAN GAS

XX Spanish Gas System: Entry point of gas at the South

Spanish Gas System: Entry point of gas at the South acedo a 00%

Bosnia 100%Serbia 100%Moldavia 100%Eslovaquia 100%Grecia 93%Croacia 88%

at the South of Europe

at the South of Europe

Development of MEDGAZ

Open Season FRANCE-SPAIN for development of Interconection capacity:

2013 Development of the existing interconnection point

Development of MEDGAZ

Open Season FRANCE-SPAIN for development of Interconection capacity:

2013 Development of the existing interconnection point

R. Checa 79%Hungría 75%Austria 74%Polonia 70%Rumania 52%Eslovenia 51%

29

2013 Development of the existing interconnection point LARRAU and BIRIATOU

2015 Development of a new interconnection point MIDCAT

2013 Development of the existing interconnection point LARRAU and BIRIATOU

2015 Development of a new interconnection point MIDCAT

Alemania 44%Italia 32%Francia 15%

Source: Gas Coordination Group UE (9.01.2009)

MEDGAZ Project- Connection to Spanish System

The following infrastructures are being

built by Enagas in order to integrate the

gas flows coming from the new Medgaz

GasoductoEstación de compresiónAlmacenamiento subterráneo






g g g

pipeline in the Spanish Gas System.

Almería–Lorca pipeline: 126 km & 42’’p p

Lorca–Chinchilla pipeline: 170 km & 42’’

Chinchilla CS: 48.000 kW

Spanish projectSpanish project

Chinchilla CS: 48.000 kW

ALMERÍAALMERÍAALMERÍAALMERÍA

MEDGAZMEDGAZAlgerian projectAlgerian project

370 Millones €≈

30

CAPACITY: Initial flow will be 913.000 m³(n)/h (8 bcm year)

MEDGAZ – Full integration in the Spanish system

Reinforcements in the core of Spanish Gas System allowingMedgaz integration

Transmission trough Almería Chinchilla pipeline will divert to Madrid andTransmission trough Almería-Chinchilla pipeline will divert to Madrid andValencia areas.

GAVIOTAMUSEL

REGANOSA GAVIOTAMUSEL



REGANOSA

The fully integration with the Spanish system also requires the next pipelines:

Tivissa-Paterna GAVIOTABILBAOREGANOSA

BARCELONA

LARRAU

SERRABLO

GAVIOTABILBAOREGANOSA

BARCELONA

LARRAU

SERRABLO


BARCELONA

LARRAU

SERRABLO


BARCELONA

LARRAU

SERRABLO

Tivissa-Paterna

Tivissa-Castelnou

Zarza de Tajo-Villar de Arnedo

SAGUNTO

CASTOR

SAGUNTO

CASTOR

SAGUNTO

CASTOR

SAGUNTO

CASTOR

CARTAGENAHUELVA

ALMERÍAMARISMASPOSEIDÓN

NoroesteCentro-SurPaís VascoValle del EbroLevanteCataluña

CARTAGENAHUELVA




CARTAGENAHUELVA



CARTAGENAHUELVA




31

CataluñaCataluñaCataluña

MEDGAZMEDGAZ

Infraestructuras en operación y aprobadas en Planificación Obligatoria 2005-2011 (año horizonte)

CataluñaCataluñaCataluña

MEDGAZMEDGAZ

Infraestructuras en operación y aprobadas en Planificación Obligatoria 2005-2011 (año horizonte)

REINFORCEMENTES IN THE CORE OF SPANISH TRANSMISSION SYSTEM

Spanish Gas System – Full integration in Europe

Infrastructures that directly increase the interconnection

capacity:

REGANOSA MUSELGAVIOTA

LARRAU

SERRABLO

BILBAO

REINFORCEMENTES IN THE CORE OF SPANISH TRANSMISSION SYSTEM

capacity:

CASTOR

YELA

BARCELONA

TUY

Already IN OPERATION 42 M€

Under CONSTRUCTION 286 M€

Already IN OPERATION 42 M€

Under CONSTRUCTION 286 M€

SAGUNTO

CASTOR

BADAJOZ

Pending ADM. PROCEDURES 929 M€

Binded to OPEN SEASON 120 M€

TOTAL M€1.377

Pending ADM. PROCEDURES 929 M€

Binded to OPEN SEASON 120 M€

TOTAL M€1.377

HUELVAALMERÍA

CARTAGENA

MARIS MASPOSEIDÓ N

EL RUEDOLAS BA RRE RAS

MAIN TRANSMISION AXES

TARIFA

ALMERÍA

MEDGAZ

GME

32

Under operation sep-2008Pprojects included in Mandatory Planning, under Construction or under Administrative Procedures

To fully integrate Medgaz in the EU system it is necessary to develop

MEDGAZ – Full integration in the European System

y g g y y p

international pipeline connections: reinforcement of Core of FrenchGas System.

EUROPA

Open Season FRANCE-SPAIN 2009:

D l t f i t ti EUROPA

FRANCIA

Development of interconnectionsbetween France and Spain in orderto increase market fluidity andsecurity of supply.

ESPAÑA

security of supply.

33

ALMERÍA


ALMERÍA



ALMERÍA


ALMERÍA



ARGELIA

Trans Saharan Project

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EU LNG Consumption (bcm/year)

2000 20082000 2008

23 b23 bcm 53 bcm

35

Spain France Belgium Portugal Italy UK Greece

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

EU: Entry Capacity from LNG Terminals

MNm³/day 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018TOTAL UE 461 473 494 558 573 592 592 600 600 600

Spain 157 169 169 189 204 223 223 231 231 231

% Spain s/Total 34% 36% 34% 34% 36% 38% 38% 38% 38% 38%

36

Source: GTE+ Capacity Development Report 2008

European natural gas grid (2008)

The European Natural Gas Grid 2008The European Natural Gas Grid 2008

37

European Energy European Energy p gyp gyThird packageThird package

38

Aproved by the European Parliment (22/04/2009) and

Regulatory developments in the European Union

Aproved by the European Parliment (22/04/2009) and pending of its aproval by the European Council and signature

and adoption by the EU President:

3rd Directive3 DirectiveENTSOG creationACER creation ACER creation Different Models of Separation of Activities to warrant the INDEPENDENCE of the TSO

ISOISO

ITOITO

Ownership Ownership Ownership UnbundlingOwnership Unbundling

The Spanish Gas System, with the approval of the RD 6/2009, appointing ENAGAS as exclusive TSO of the Main

Transmission Core Network, goes forward on the

39

, gOwnership Unbundling Model.

Basic timeline based on

Regulatory developments in the European Union

Basic timeline based on Gas Regulation

6 Months

A ENTSOG

12 Months 3 Months

ACER

CO

MITO

EC requests ACER to submit

Agency prepares Framework Guidelines

ENTSOG prepares network codes

EC requests ENTSOG to

submit

ACER approves network codes

LOG

Y

ENTSOG submits

network code 3rd Directive

EC defines priorities

for network

framework guidelines

network code to ACERACER submits network code to EC when satisfied,

recommending approval via

ENTSOG tasks will include the development of:an annual work programme

3GIE Annual Conference, 6/7 May 2009, Groningen

codes Comitology

– an annual work programme– network codes – a 10-year network development statement

annual winter outlooks

40

– annual winter outlooks– an annual report,…

Spain’s Gas Industry ithi th EUwithin the EU

Juan Pons. i l d i l ió

June 2009

Director General de Estrategia y Regulación

Spain's Gas System Enagas EFG 09.pdf

Documents

Transcript of Spain's Gas System Enagas EFG 09.pdf