THE ROHU PROJECT AND THE CEE GAS MARKET OPPORTUNITIES - Bucharest 14 June 2018
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THE ROHU PROJECT AND
THE CEE GAS MARKET
OPPORTUNITIES
Bucharest
14 June 2018
1
TRANSGAZ AND FGSZ DEVELOPS THE BRUA CORRIDOR TO SHIP BLACK SEA
PRODUCTION TO CEE MARKETS
BRUA Corridor and associated developments
2
HUNGARIAN-ROMANIAN INTERCONNECTOR IS READY, PHASE I OF THE ROHU
PROJECT ENABLES THE TRANSMISSION OF 1.75 BCMA FROM 2019
ROHU project Phase I development is in progress
PIPELINE IS READY
• The Szeged-Arad pipeline was commissioned in
2010 and is in operation.
• In RO-HU direction 0.2 mcm/day and in HU-RO
direction 4.8 mcm/day capacity is available.
PHASE I DEVELOPMENT
• 1.75 bcm capacities are available from 2019.
Capacities will be sold on CAM NC auction in July
2019.
• Investment: two new compressor units.
• The project is in permitting and development phase.
Construction is ongoing. MOL Group Chairman-CEO Zsolt Hernádi, Prime Minister Emil Boc, Commissioner
Gunther Ottinger, Prime Minister Viktor Orbán in 2010
3
ROHU PROJECT BRINGS 4.4 BCMA NEW SOURCE OF GAS TO CEE MARKETS
FROM 2022
ROHU project enables the regional shipment of Black Sea production from 2022
PROJECT EFFECTS PROJECT ROUTE
• The project enables the shipment of Black Sea
production, Romanian production to CEE markets
• 4.4 bcma gateway to new, non-Russian source will
be available from 2022.
• The transmission of various sources will be available
to Slovakia, Ukraine, Serbia, BiH, Croatia, and
indirectly to Austria.
• Supply sources and routes will be diversified on the
CEE markets.
• Utilization of existing infrastructure and
development of missing ones lead to less cost of
infrastructure
• The ROHU Open Season was 5-times overbooked in
December 2017. The network users have the
possibility to execute their exit rights until
14.12.2018.
4
APPENDIX
5
HUNGARY-SLOVAKIA-AUSTRIA (HUSKAT) PROJECT ENABLES THE
TRANSMISSION OF 5.2 BCMA GAS TO SLOVAKIA AND AUSTRIA
The HU-SK-AT project enables the transmission of natural gas up to 5.2 Bcm annually towards Sk and At
PROJECT EFFECTS HU-SK-AT PROJECT ROUTE
• The project enables the transmission of Black Sea
production, Romanian and Hungarian indigenous
production and other sources towards Slovakia,
Austria and the opening Polish, Baltic and Finish
markets.
• Hungarian Government approved the acquisition
of MGT (HU-SK interconnector operator) by FGSZ.
The acquisition is in progress.
• Up to 5.2 bcma no pipeline investment is needed.
The required modifications of the system will be
realized under the ROHU project by 2022.
• The project does not require the development of • In case of 9 bcma deliveries 80km pipeline is
the HUAT redundant infrastructure (~USD 1 needed to be developed.
Billion).
6
FGSZ IS ABLE TO TRANSMIT 6 BCMA GAS TO UKRAINE
From 2022, 6.1 bcma firm capacities are available to Ukraine
TRANSMISSION TO UKRAINE PROJECT ROUTE
• FGSZ offers 6.1 bcma (16.8 Million m3/day)
interruptible capacity to Ukraine.
• Network Users increase their shipment year-by –
year to Ukraine:
2015: 0.5 bcma
2016: 1.0 bcma
2017: 2.8 bcma
HU>UA FIRM CAPACITY PROJECT
• Traditional transportation routes need to be modified.
• One of the two existing pipelines cannot be used for
outbound deliveries due to contractual and regulatory
issues outside of Hungary
• FGSZ modifies its system under the ROHU project, to
upgrade service quality to firm capacities to Ukraine.
• The development includes the modification of 4 nodes
and the development of a new metering system.
• Ukraine can import at least 6.1 bcma gas from on a
firm basis from 2022, to diversify its supply portfolio.
• Various sources will be accessible for Ukraine.
7
THE HUNGARY-SLOVENIA-ITALY CORRIDOR LINKS CEE MARKETS TO ITALY
The HU-SI-IT project creates new regional opportunities
PROJECT ROUTE
PROJECT EFFECTS
• The project develops physical connection between Hungary and Slovenia and Italy.
• The corridor establishes 2 bcma bidirectional capacity from 2022.
• Non-binding market test may be carried out in Autumn 2018.
• The project offers additional sources for Italian and Slovenian markets.
• Italian LNG will be available for CEE markets.
• Hungarian storages will be accessible for Slovenian and Italian markets
8
VERTICAL CORRIDOR LINKS CEE AND SEE MARKETS
The Vertical Corridor enables the shipment of gas throughout the region
PROJECT EFFECTS
• The project links the separated gas
markets of CEE and SEE countries.
• The utilization of already existing
infrastructure and the development of
missing links enables the effective
realization of projects.
• Various sources, including Black Sea
production, Azeri sources and LNG can
flow along the corridor.
• Supply source and route diversification
enables the increase of liquidity and the
decrease of prices in the region.
• The trading environment and conditions
will also be developed along the corridor.
9
GROWING MARKETS OF FINLAND, BALTIC STATES AND POLAND WILL BE
LINKED TO CEE MARKETS THROUGH PIPELINE DEVELOPMENTS
CEE cooperation with Baltic states and Finland creates a new corridor from Finland to Greece
EASTERN CORRIDOR
• Finland and Baltic countries are isolated markets with
high level of prices.
• Connecting the Baltic region to CEE countries creates an
„Eastern corridor” from Finland to Greece.
• A liquid trading corridor with various sources will be
developed.
• Sizeable Polish-Slovakian interconnector makes the
missing link between CEE countries and enables the
„Eastern corridor”.
Source: Eustream, Baltic Connector 10HUNGARIAN STORAGES PROVIDE FLEXIBILITY ALONG THE „EASTERN CORRIDOR”
Hungarian storages can provide flexibility for all regional countries with innovative products
Storage sites Mobile Withdr.
mcm mcm/d
MFGT sites
1 Hajdúszoboszló 1 640 19.8
1 2 Pusztaederics 340 2.9
3 Zsana 2 170 28.0
4 Kardoskút 280 2.9
5 MMBF site 1900 25.00
Of which strategic storage 1200 20.0
2
4 Total 6 330 78.6
3 5
• Virtual storage concept provides flexibility for the market – four sites are operated under one virtual storage
• Peak storage capacities can help to manage supply disruptions and price shocks.
• Seasonality can be balanced with innovative products of storage operators.
11REGIONAL BOOKING PLATFORM PROVIDES THE COMMERCIAL INTEGRATION
FGSZ is providing the solution for commercial integration of the region from Finland to Greece
PLATFORMS RBP FACT SHEET
• Live operations since 10 December 2014
Regional Trading
Informatic CEEGEX (Csanádpalota IP)
Booking Platform
Platform
Platform • 8 TSOs use RBP in 7 countries
• Romania: Transgaz
Operated by FGSZ • Croatia: Plinacro
• Slovakia: eustream
• Hungary: FGSZ, MGT
• Joint CAM NC
• Cleared,
capacity • Bulgaria: Bulgartransgaz
• Capacity and anonymous
booking
contract marketplace of • Organised • Greece: DESFA
platform
management BAL NC STSPs marketplace
• Primary • Austria: GCA
• Flow and secondary (spot market)
capacity
management capacity • 122 registered network users
• Secondary
• OTC market
capacity (OTC) • 570 network points
• RBP conducted over 8 million capacity
auctions
Network Balancing /
Capacity
usage trading
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