NATURAL GAS IN MID-NORDIC REGION Norway – Sweden - Finland MID-NORDIC GAS PIPELINE NATURAL GAS IN MID-NORDIC REGION Norway – Sweden - Finland Jón Steinar Gudmundsson Stockholm April 29, 2002
STAMGASS Mid-Nordic Natural Gas Transmission Company MID-NORDIC GAS PIPELINE STAMGASS Mid-Nordic Natural Gas Transmission Company NTNU Work 1996 etc., Working Group 1998 Pre-Feasibility Study Completed 1999 Established 1999, Gudmundsson & Røsæg Graninge, Jämtkraft, PVO and TrønderEnergi Feasibility Study 2002, PVO etc., EU-TEN Energy Next Phase, ”Special Purpose Company”
R/P Norway 1.1.2000 Reserves mill. Sm3 o.e. (& resources) Production MID-NORDIC GAS PIPELINE R/P Norway 1.1.2000 Reserves mill. Sm3 o.e. (& resources) Production (per year) R/P ”Years” Oil Gas 6766 7031 193.7 49.9 35 141
Petroleum Resources Offshore Mid-Norway 1.1.2000 Oil Million Sm3 Gas Billion Sm3 (=BCM) NGL Produced Remaining reserves Resources in fields Resources in discoveries Undiscovered resources SUM Norway % 173 300 36 65 405 806 12% 3 225 86 783 1189 2283 32% 103 32 155
Field Developments Offshore Mid-Norway (NGL not included) Field Name On-Stream Year Operator Oil Resources Million Sm3 Gas Resources Billion Sm3 Draugen Heidrun Njord Norne Åsgard Mikkel Kristin Ormen Lange Skarv Svale Lavrans Tyrihans Presidenten Viktoria Havsule ETC 1993 1995 1997 1999 (2003) (2005) (2007) Shell Statoil Hydro Shell BP ExxonMobil 114.2 183.8 22.0 84.8 68.5 1.0 20.9 18.5 1.7 20.2 15.0 190.7 20.4 35.4 400.0 69.1 28.3 24.5
Skogn-Riksgrensen-Sundsvall-Pori-Vaasa 70 km, 335 km, 217 km, 255 km
ANNUAL VOLUMES Mid-Nordic Gas Pipeline Natural Gas ”Planned and Actual” BCM 2010-2020 West Finland (PVO) Stockholm Area Mid-Norway (Skogn) 3-5 1-3 1-1 Norway Export (2000) Finland Import (Russia) Sweden (West Coast) Resources Mid-Norway 52 4 1 2283
PIPELINE INVESTMENTS Norway – Sweden - Finland Distance km Capex MNOK MNGP (Skogn-Pori) On-Land Finland Extension South* TBO-Skogn *Gävle/Stockholm 622 257 325 158 6,800 1,200 3,400 2,000
IMPORTANCE OF NATURAL GAS Mid-Nordic Region MID-NORDIC GAS PIPELINE IMPORTANCE OF NATURAL GAS Mid-Nordic Region Finland needs more natural gas Norway has natural gas resources Sweden gets unique opportunities Cleaner environment for all Stamgass, Mid-Nordic Company