1. DIVERSIFICATION OF TRANSPORT ROUTES AS
A PREREQUISITE FOR
SECURITY OF GAS SUPPLY
TO EUROPE
Pavel Oderov
Deputy Head of International
Business Department
GAZPROM

2. Developing and diversifying gas transport routes
Operational and prospective pipelines to Europe
Project
Capacity
Length
Commission
date
Operational pipelines
Ukraine
175 bcma
> 5000 км
Yamal - Europe
33 bcma
>4000 км
1999
Blue Stream
16 bcma
1213 км
2003
Prospective pipelines E
Nord Stream
55 bcma
1200 км
2011
South Stream
63 bcma
> 900 км*
2015
* Subsea part

3. Nord Stream Project

4. Nord Stream Project: latest developments
On GdF SUEZ became a shareholder of Nord Stream AG
Permissions for the project received on:
In March 2010 loans from 27 banks were successfully raised for the first phase of the project. Talks began to organize financing for the second phase.
Contracts sighed for supply of equipment for the first phase as well as for pipe lay for the entire project

5. Nord Stream Project: status of offshore pipe lay
Vessel km
«Castoro 6»
297,2
«Castoro 10»
36,2
«Solitaire»
13,7

6. Nord Stream Project: work schedule
Gas in the first pipe
Laying of the first pipe began
Laying of the second pipe
Gas in the second pipe
The last permission received

7. South Stream

8. South Stream: Project Profile
3 route options:
1. Russia – Bulgaria – Serbia – Hungary – Austria
2. Russia – Bulgaria – Serbia – Hungary – Slovenia
3. Russia – Bulgaria – … – Austria and Bulgaria – Greece – Italy
(offshoot pipe to Croatia is examined within each option)
Total length: 1,975 km – 2,775 km (depending on final route)
offshore pipe: 940 km
(4 lines on the Black Sea bed)
Offshore pipe capacity: 63 bcmy (at 20°C)
Expected costs:
Onshore: ~ € 5,5 bn
Offshore: ~ € 10 bn
Gas sourcing: Gazprom gas portfolio

9. South Stream: Progress Report
Project goal: transit risk mitigation by providing extra transit capacities, security of additional gas volumes to each country involved in the project
Intergovernmental agreements on Project: signed with Bulgaria, Serbia, Hungary, Greece, Slovenia, Croatia and Austria
Cooperation: with national energy majors (OMV, BEH, Srbijagas, Geoplin plinovodi, DESFA, Plinacro) in onshore sections and international energy majors (ENI and EDF) in offshore section
Joint ventures founded: South Stream AG (offshore section), South Stream Serbia AG, South Stream Hungary Zrt., South Stream Greece SA. Establishment of Austrian JV is underway 9

10. South Stream: Progress Report (cont.)
Feasibility Study:
Offshore pipeline: completed
Onshore pipeline: to be completed for each section by the end 2010
Consolidated feasibility study: to be completed in 2011
South Stream Gas Pipeline route: to be selected based on consolidated feasibility study results
Final investment decision: 2012
Date of commissioning (first line): end of 2015 10

11. DIVERSIFICATION OF TRANSPORT ROUTES AS
A PREREQUISITE FOR
SECURITY OF GAS SUPPLY
TO EUROPE
Pavel Oderov
Deputy Head of International
Business Department
GAZPROM
THANK YOU
Спасибо за внимание!