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A Supplier’s Insights on “Invest-ability” of the Turkish Gas Market

A Supplier’s Insights on “Invest-ability” of the Turkish Gas Market. YASED February 22, 2007 Per Myrvang, Statoil Turkey GM. This is Statoil. Integrated oil and gas company represented in 33 countries.

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A Supplier’s Insights on “Invest-ability” of the Turkish Gas Market

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  1. A Supplier’s Insights on “Invest-ability” of the Turkish Gas Market YASED February 22, 2007 Per Myrvang, Statoil Turkey GM

  2. This is Statoil • Integrated oil and gas company represented in 33 countries. • Global Norwegian energy champion to be the world’s largest offshore operator w/ Hydro merger. • HQ Stavanger, Norway. 33,000 employees with Hydro. • 3rd largest seller of crude oil +substantial supplier of natural gas to Europe.

  3. Continued growth on the NCS A unique gas position Need for private capital De-regulation awakens potential Strong international platforms Strengthened downstream Turkey is a “key” country for Statoil • Large market for LPG –Statoil one of the leading suppliers • Core market for our Caspian resources –largest market for Shah Deniz gas Phase I @ 6.6 bcm/p.a. • “Key” for transit in both BTC Oil and Shah Deniz Gas for markets beyond Turkey Statoil’s strategic agenda

  4. Security of Gas Supply to Europe • There is no supply shortage • Gas reserves in Europe, Central Asia, Caspian Region, Middle East and Africa have increased over the last few years. • Statoil as a gas producer and marketer is more concerned that the high level of demand will continue • increasing competition from coal and nuclear in the power sector

  5. Regulations Must Meet Market Needs • Instead of worrying over long term supplies, we should worry about short-sighted politics and regulations—both in transit and consumer countries. • For instance, EU regulations on gas marketing are not in harmony with PSA regulations in many producing countries.

  6. Gas Dis-Co’s Tendering Process Implications for Gas & Safety • Local gas distribution tenders tangent to zero margin • Long Term Business Safeguard reputation of gas as clean, safe & RELIABLE fuel requires commitment & competence  COST FACTORS • Lowest bid is not necessarily conducive to SAFETY first operations. • Experience • Investment Horizon • People Focus should be prioritized

  7. Investments in Transit Pipelines • Best solution will be found by: • Happy Producer <<---------->>Happy Customer • Happy Producer will require the understanding of all political and regulatory frameworks in the region • Only then will the Producer invest in necessary transit arrangements

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