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3rd AFCEA Europe Student Conference People, Projects and Perceptions - even thinking is participation! 26 October 2010 The Queen Elizabeth II Conference.

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Presentation on theme: "3rd AFCEA Europe Student Conference People, Projects and Perceptions - even thinking is participation! 26 October 2010 The Queen Elizabeth II Conference."— Presentation transcript:

1 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

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 EUs 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 create networks 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

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8 Russias position Market Economy is extremely dependent on The Exports from Natural Gas by 50% Natural gas reserves are extremely important

9 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:

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

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

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14 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. Possible alternatives – Strategic Partnerships??

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16 Thank you for your attention


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