Transcript Gasunie gaat verder in gastransport

Gasunie gaat verder in gastransport
Sharing lessons from unbundling
Dutch unbundling, a long and winding road
4 November 2005, Athens
Agenda
The internal process
The position in the market
The new infrastructure level playing field
Overview of organisation of Gasunie’s transport
activities 2000 – 2005
01-01-2000
Transmission
Services division
was organisationally
split from Gasunie
01-01-2002
Organisational
unbundling of
Gasunie into
Gastransport
Services and
Gasunie Trade &
Supply
01-07-2004
Establishment of
Gas Transport
Services B.V. as
independent and
regulated TSO with
its own board
01-07-2005
Establishment of
N.V. Nederlandse
Gasunie as
independent gas
transmission
company including
GTS as TSO
On July 1ST vertical integration has ended
Ownership structure
Before July 1st, 2005
One company
Ownership structure
After July 1st, 2005
Two separate companies
Gasunie
100%
Gasunie
Dutch State
Exxon
25%
25%
Shell
Ministry of Finance
50%
Dutch
State
Gasunie Trade & Supply
Exxon
Shell
Source: Gasunie
Transport
company
25%
50% Dutch
25%
State
Ministry of
Economic Affairs
Trading
company
Conclusions unbundling process
• Unbundling has been a costly process
• Unbundling requires major adjustments in:
 management process
 corporate governance
 mindset
Agenda
The internal process
The position in the market
The new infrastructure level playing field
Facts and figures Gasunie
Facts (2004)
•
– 97 billion m3 transported
– Max daily capacity of 420 million m3
Emden
Oude
Statenzijl
Balgzand
Gas volumes
•
1350 employees
•
Infrastructure base
– 11.600 km pipelines
– 1,100 Gas-distribution stations
– 10 Export stations
•
– 40 Shippers
– 10 gas distribution companies and
~400 industrial consumers/ power
generators
Zevenaar
Zandvliet
Zelzate
Hilvarenbeek
•
Source: Gasunie
Customer base
Leading record of safety and
continuity in operations
Other assets of Gasunie
Access to two underground storage
facilitates
Gasunie
Engineering &
Technology
EDI
Emden
Majority owner
of BBL
Oude
Staten
zijl
Balgzand
LNG
peak
shaver
Owner of
TTF-hub
Operating
six quality
conversion
stations
Zevenaar
Zandvliet
Zelzate
Hilvarenbeek
‘s-Gravenvoeren
Source: Gasunie
33%
owner of
Eurohub
Majority of gas streams handled by Gasunie are
international
Transmission flows Gasunie
2004, contracted flows
97 Bcm
3
Export
Import
14
Dutch gas for
Domestic market
42
Throughput for
international
markets
Export
Import
Transit
Export
Source: Gasunie
38
Dutch gas for
domestic
market
Gasunie mission
To provide safe and reliable transport of natural gas and
related services to the integrating European market.
Efficient, profitable and sustainable
Agenda
The internal process
The position in the market
The new infrastructure level playing field
Changing environment
New gas
streams
Decline in European production and rise in demand will
increase imports (mainly Russia and LNG)
Liberalisation
and regulation
New policy: unbundling of trading and transport activities
and establishment of transmission system operators.
Different tariff structures and new products
Market
structure
Restructuring of (regional) sales and distribution companies
within countries
Increased
competition
Not only between traders but also between transmission
companies
Increasing number of gas transport companies
in Europe
Source: GIE
European level playing field for gas infrastructure
Examples
• Gas distribution assets
in the UK & US
• LNG terminal
• BBL participation (20%
stake)
• UK Gas Management
Services
• Transmission and/ or
distribution assets in
Germany, Belgium,
Slovakia, Russia, Germany,
Hungary, Mexico, Canada,
Italy and India
• Transmission pipes in
Slovakia, Lithuania, Latvia,
Estonia and Romania
• MND (Czech R.) involved
in storage
• Pending majority stake in
Hungarian MOL
BBL:
• Gasunie
• Fluxys
• E.ON/Ruhrgas
NEGP:
• Gazprom
• E.On Ruhrgas
• Wingas
• Involved in storage in
o.a. Austria and the UK
Interconnector:
• Amerada Hess
• BG
• Distrigas
• E.ON/Ruhrgas
• International Power
• BP
• ConocoPhillips
• ENI
• Gazprom
• Total
Concerns regarding restructuring EU gas market
• Uneven paths to unbundling
• Regulatory “patchwork”
• Infrastructure investors of a different kind
• Does infrastructure fragmentation hinder the
attractiveness of Europe as a market for new gas?