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Discover key insights on storage investments in Europe, including data on storage projects, investment trends, and future steps from the Gas Storage Europe workshop held in Brussels on May 24, 2007.
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GSE Investment Workshop“Overview on storage investments”Brussels, 24 May 2007 GSE - Gas Storage Europe
Agenda • Storage projects data • GSE survey • Next steps GSE - Gas Storage Europe
Storage projects data • Collection of GSE and non-GSE public information on storage projects around Europe • Distinction by country, type of facility, stage of project, estimated quantity and timing of available capacity GSE - Gas Storage Europe
Storage projects data • Main findings: • more than 30 bcm additional working gas capacity before 2015 • more than +40% with respect to present capacity • more than 9 bn€ capex (about 40% for cushion gas) GSE - Gas Storage Europe
Storage projects data • Main findings: • type of access: • 65% as non regulated (nTPA + “exemption”) • 35% regulated • more than 70% of new capacity deriving from new storage facilities • more than 60% of new capacity in countries where 80% of European gas demand GSE - Gas Storage Europe
Storage projects data • Main findings: • Three digits percentage increases in: • Spain: substantial increase in gas demand and total dependency on imports • UK: shift in supply patterns, trading opportunities • Bulgaria: increasing role for Russian transit gas • Austria: commercial developments for bordering countries (e.g. Germany) GSE - Gas Storage Europe
GSE survey • Highlights on investment climate: GSE - Gas Storage Europe
Next steps • GSE commitments: • continue working with all stakeholders to fostering a “proper” investment climate for making all projects real and available for market needs on time • publish on GIE web site a European storage investment database to provide a synthetic and updated status on projects (based on public information) GSE - Gas Storage Europe