Natural gas remains the key source of energy for the European Union and the biggest share of it is currently supplied by Russia’s Gazprom. With energy security at the top of EU’s agenda, diversification of gas supply routes is set as top priority for the coming years.
South Eastern Europe (SEE) is a region expected to play a crucial role in mid- and long-term gas supply diversification for most of Europe. Currently at stake for SEE is the advantage of becoming a new hub of gas transit from Middle East, Central Asia and the Caspian region en route to EU consumers.
The struggle for control over delivery routes going through SEE will put into international conflict the interests of companies and governments on several continents from Italy to Iran and from Austria to Egypt.
Gas demand in the SEE countries themselves is forecasted to grow by 40% by 2020 which will make competition for their gas markets stronger in the coming years.
South Eastern Europe in the Big Eurasian Gas Game: New Supply and Transit Challenges examines:
- current status and structural changes in the natural gas demand of SEE
- natural gas exports to the SEE region; key transportation projects, planned and under construction
- the Nabucco project as catalyst and driver of developments and changes on the SEE gas market
- Gazprom’s plans for the region to combat competition challenges
- growing impact of Turkey as a key transit country
- competition between gas transportation projects, apart from Nabucco project and Gazprom’s plans
South Eastern Europe in the Big Eurasian Gas Game: New Supply and Transit Challenges is an important source of analysis for:
- gas producing companies
- gas transportation, distribution and trading companies, and utilities
- power generation and industrial companies
- service and equipment suppliers
- investment and banking institutions
- consultancies; financial advisors
- government institutions
Introduction
Chapter 1. Current State of the South East European Gas Market
1.1. Gas Consumption in South Eastern Europe
1.2. Gas Supply in SEE Countries
1.3. Dependence of the SEE Region on Natural Gas Supplies from Russia
Chapter 2. The Concept of Gas Export Channel to Europe: Special Role in Ensuring European Energy Security
2.1. Institutional Base for Additional Gas Export Channel
2.2. Main Reasons for Developing New Transport Route
Chapter 3. Liberalization Processes and European Integration in SEE's Natural Gas Sector
3.1. Energy Community South East Europe
3.2. The Secretariat of the Energy Community South East Europe
3.3. Current Status of Cooperation between the EU and SEE Countries
3.4. West European Companies in SEE
Chapter 4. New Major Gas Supply Projects in SEE
4.1. The South Caucasus Gas Pipeline
4.2. Interconnector Turkey - Greece
4.3. Pan Arabian Gas Pipeline
4.4. Nabucco
4.5. Trans-Caspian Gas Pipeline
4.6. Adria LNG
4.7. Blue Stream 2
Chapter 5. The Growing Impact of Turkey on the Gas Market of SEE
5.1. Gas Imports in Turkey
5.2. Forecasting Errors and the Re-export Idea
5.3. Natural Gas Law of 2001 and Contracts Redistribution Policy
5.4. Turkey's Natural Gas Market Development
5.5. Turkey as Perceived by Partner Countries
Chapter 6. The Nabucco project. A Catalyst and Major Trend-setter in SEE
6.1. Current Status
6.2. Current Challenges Facing the Project
6.3. Strategic Plans and Expectations of Participating Companies
6.4. Sources of Gas Supply for the Nabucco Project
6.5. Nabucco SWOT Analysis
6.6. Project's Impact on the Competitive Environment
6.7. Gazprom's Attempts to Recapture Initiative
Conclusions
Table 1. Parameters of SEE Regional Development
Table 2. Projections for Gas Consumption in South East Europe in 2006-2020 (bcm)
Table 3. Gazprom's Supplies and their Share in Consumption and Imports, 2005
Table 4. Gazprom's Affiliated Companies in SEE
Table 5. Major International Gas Transportation Projects in SEE
Table 6. Turkey's Natural Gas Import Agreements
Table 7. Natural Gas Consumption Forecast by Sector according to Botas' Forecast Made in 2000 (bcm)
Table 8. Assessment of Results of 2005 Tender for Russian Contract
Table 9. Incremental Demand for Natural Gas in Countries Participating in the Nabucco Project (bcm)
Table 10. Estimate of Additional Gas Demand in Countries Participating in the Nabucco Project (bcm)
Table 11. SWOT Analysis of the Nabucco Project
