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LNG: The meeting point for Marine Transport & Energy sectors in Cyprus LNG: The meeting point for Marine Transport & Energy sectors in Cyprus

LNG: The meeting point for Marine Transport & Energy sectors in Cyprus - PowerPoint Presentation

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LNG: The meeting point for Marine Transport & Energy sectors in Cyprus - PPT Presentation

Carob Mill RestaurantsRichard Ballroom Limassol Cyprus September 29 2017 Dr Stelios Bikos Head of Commercial Division DEPA Public Gas Corporation of Greece SA Fuelling the future of Cyprus with LNG ID: 810922

gas lng cyprus market lng gas market cyprus supply greece size cargoes structures offer security amp applicable mature power

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Slide1

LNG: The meeting point for Marine Transport & Energy sectors in CyprusCarob Mill Restaurants—Richard Ballroom, Limassol CyprusSeptember 29, 2017

Dr. Stelios BikosHead of Commercial DivisionDEPA – Public Gas Corporation of Greece S.A.

Fuelling

the future of Cyprus with LNG

Slide2

Procurement & logistics of LNG

Cyprus and Greece

comparable

in annual

domestic

LNG need

Combined

procurements

to benefit their buying power

Slide3

Procurement & logistics of LNG Foreseen Cyprus

FSRU (120.000-150.000m3) requires MedMax

size

refill

cargoes

Part-cargoes aboard conventional-size vessels

Twin

unloadings

of conventional-size cargoes

Reload cargoes from a nearby LNG

regas terminal

1

2

3

Slide4

Security of Supply through LNGExpansion of Revithoussa storage from 130 m3 to 225 m3 LNG as of 2018 I

nstances of really prompt need in GR for bridging quantities of LNG until arrival of a scheduled cargo

Such quantities may well be provided by CY, if in temporary slack demand or with safe stock

Cyprus can supply Greece

Slide5

Security of Supply through LNGCY may fall in need of prompt bridging LNG until its next

cargoBad weather spell, Cargo delays, etc.Such LNG may be provided at very short notice from Revithoussa, assuming stock and availability of a small vessel

Greece can supply Cyprus

Slide6

Security of Supply through LNGIn the interests of security of supply, a small LNG carrier (20-30.000 m3 LNG) could be purchased/chartered jointly by the two countries

Cyprus can supply Greece

Slide7

Current Inland Gas Market in Cyprus

01

02

03

04

CY gas market will –at least initially- be in isolation from other gas markets

Gas consumption will be dominated by power production

Gas will face competition from renewable sources but also synergies

The market size will pose challenges where it comes to EU acquis, which will have to be implemented

Slide8

Challenges Suffering from no gas heritage, the CY gas market may start from an advanced form and structure,

where GR may offer its insight

Mature market

structures

may not be

directly

applicable to CY but may offer a broad framework for it; GR is right now exploring similar structures

Development of the CY internal

market may leap-frog development of the GR market

Suffering from no gas heritage, the CY gas market may start from an advanced form

& structure

, where GR may offer its insight

Mature market structures may not be directly applicable to CY but may offer a broad framework for it; GR is right now exploring similar structures

Slide9

Cyprus could develop into an Eastern Mediterranean LNG Trading Hub

Conclusion

Greece could help work up such a plan, as part of a distributed LNG Hub on the back of the common marine LNG efforts under

Poseidon Med II.

Slide10

Dr. Stelios

BikosHead of Commercial Division, DEPA S.A.s.c.bikos@depa.gr+30 2102701260