B ALKAN L EGAL F ORUM 2014 J UNE 26-27, V IENNA , A USTRIA E NERGY I - PowerPoint PPT Presentation

B ALKAN L EGAL F ORUM 2014 J UNE 26-27, V IENNA , A USTRIA E NERGY I SSUES THROUGHOUT THE R EGION SEE AS A NATURAL GAS GATEWAY / HUB INTO E UROPEAN M ARKETS : UPDATE ON THE VARIOUS PIPELINE AND LNG TERMINAL PROJECTS IN THE REGION , AND OUTLOOK FOR THE FUTURE

Gas Supply and Demand in Europe Traditional external supply sources Potential new supply sources Specifically for SEE gas demand will grow to 96 Russia bcma in 2010 44.4 Tcm ‐ 117 bcma in 2025 Europe (Demand) 2020> 620 bcma 2025> 660 bcma Supply gap in SEE will Europe (Supply Gap) be over 20 bcma in 2025 2020> 49 bcma 2025> 102 bcma Romania Caspia East Med may provide Region* another diversified 11.2 Tcm source of natural gas to the EU by 2017 * Excludes Azerbaijan, Kazakhstan, Turkmenistan ** Iran, Iraq *** Algeria, Libya Middle North Africa*** Ε gypt East Med East** 6 Tcm 2.2 Tcm ‐ 3 Tcm Source: Courtesy of IENE 32.8 Tcm B ALKAN L EGAL F ORUM 2014 J UNE 26-27, 2014, V IENNA , A USTRIA

TANAP, TAP and IAP Systems IAP SCP TANAP TAP B ALKAN L EGAL F ORUM 2014 J UNE 26-27, 2014, V IENNA , A USTRIA

South Stream Pipeline B ALKAN L EGAL F ORUM 2014 J UNE 26-27, 2014, V IENNA , A USTRIA

The East Med Pipeline Project South Stream Connection Greece ‐ Italy Connection Libya ‐ Greece The East Med Connection Pipeline possible Israel ‐ Cyprus Arab Gas connections Connection Connection B ALKAN L EGAL F ORUM 2014 J UNE 26-27, 2014, V IENNA , A USTRIA

SEE Gas Interconnectors Projected (planned) interconnectors Existing interconnectors B ALKAN L EGAL F ORUM 2014 J UNE 26-27, 2014, V IENNA , A USTRIA

What’s Next  Regional SE Europe Power Exchanges • European Exchange EPEX Spot  A Regional Gas Hub in SE Europe • Will develop gas price competition • Will provide the forum for physical and financial transactions  EU and Brussels bureaucracy to accept South Stream as a major European project  Russia should work towards a framework cooperation with the EU to promote the construction and operation of South Stream  EU needs to implement a cohesive policy to address its energy security by adding the East Med Gas supply Route in its agenda.

Contact Gus Papamichalopoulos Partner KYRIAKIDES GEORGOPOULOS Law Firm 28, Dimitriou Soutsou Str. • GR 115 21 • Athens • GREECE SwitchBoard: +30 210 817 1500 • Fax: +30 210 685 6657-8 Direct Line: +30 210 817 1571 Mobile: +30 6945 494 414 E-mail: g.papamichalopoulos@kglawfirm.gr Website: www.kglawfirm.gr