The Eastern European Gas Market Outlook 2008: Country profiles of supply, demand, regulation and infrastructure

The Eastern European Gas Market Outlook 2008: Country profiles of supply, demand, regulation and infrastructure

The Eastern European Gas Market Outlook 2008
Country profiles of supply, demand, regulation and infrastructure

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Some key findings from this report
• It is estimated that the Russian Shtokman gas condensate field has a reserves of 134.12tcf. Production is expected to start by 2015 while the export from this field.

• Lithuania’s government has fears for the security of its gas supply following an agreement between Gazprom, E.ON and BASF to build a North European pipeline bypassing the Baltic States.

• Latvian consumers have traditionally enjoyed the lowest gas prices in the EU. Latvijas Gaze retains a virtual monopoly on the import, transmission, and distribution of gas.

• Demand growth in Slovakia has been much weaker than in other Eastern European markets. In the decade to 2005, total demand grew by an average of 2.6% per annum.

• The Hungarian government is considering increasing gas prices by 5 to 10% during 2008 to overcome increased wholesale prices levied by Gazprom.

• Bulgargaz and Italy's Enel have undertaken a study of the feasibility of building a pipeline linking Bulgaria and Italy via Macedonia and Albania.

The Eastern European Gas Market Outlook 2008
Country profiles of supply, demand, regulation and infrastructure
European gas markets continue to experience rapid changes driven both by liberalization and new market entrants. The highly dynamic Eastern European markets offer key opportunities for growth as gas demand continues to increase.

The Eastern European Gas Market Outlook 2008 is a newly updated management report that examines the role gas plays in each of the major Eastern European markets and analyses the differences that exist in terms of gas self sufficiency, and future growth of demand.

This report provides new and updated analysis of 12 Eastern European gas markets, with detailed data on supply and demand balances. Each country profile features supply and demand overviews, an examination of key governmental, legal and political influences on the sector and an analysis of wholesale trading and the pipeline, LNG and storage infrastructure.

Use this report to identify and exploit new profit opportunities created by Eastern European gas market expansion and anticipate future market risks.

This new report will provide you with...
• Profiles of each country’s gas infrastructure including transit and distribution pipelines and their ownership, storage capacities and full colour maps of gas grids.
• An understanding of Eastern European gas regulation, including local legislation, competitive conditions and market reforms.
• Gas supply data in billion cubic metres as well as production, pipeline imports and exports by country and LNG imports.
• Key gas demand data in billion cubic metres divided by consumer into residential, non-residential and power generation.
• An overview of wholesale gas trading market in each country focussing on the market owners and operators, the active players, liquidity and future prospects.
• Gas market trends detailing each country’s gas production and demand by sector.

Table of Contents
The Eastern European Gas Market Outlook 2008
Chapter 1 Bulgaria 10
Market summary 10
Supply and demand balance 11
Supply overview 12
Demand overview 13
Regulatory structure 15
Infrastructure 15
Chapter 2 Croatia 20
Market summary 20
Supply and demand balance 21
Supply overview 22
Demand overview 23
Regulatory structure 24
Infrastructure 25
Chapter 3 Czech Republic 28
Market summary 28
Supply and demand balance 29
Supply overview 30
Demand overview 31
Regulatory structure 33
Infrastructure 34
Pipelines 34
Storage 35
Chapter 4 Estonia 38
Market summary 38
Supply and demand balance 39
Supply overview 39
Demand overview 40
Regulatory structure 41
Infrastructure 42
Chapter 5 Hungary 44
Market summary 44
Supply and demand balance 45
Supply overview 46
Demand overview 47
Regulatory structure 49
Infrastructure 51
Pipelines 51
Storage 51
Chapter 6 Latvia 54
Market summary 54
Supply and Demand Balance 55
Supply overview 55
Demand overview 56
Regulatory structure 58
Infrastructure 59
Pipelines 59
Storage 59
Chapter 7 Lithuania 62
Market summary 62
Supply and demand balance 62
Supply overview 63
Demand overview 63
Regulatory structure 65
Infrastructure 66
Chapter 8 Poland 68
Market summary 68
Supply and demand balance 69
Supply overview 70
Demand overview 72
Regulatory structure 73
Infrastructure 75
Pipelines 75
LNG 76
Chapter 9 Romania 80
Market summary 80
Supply and demand balance 81
Supply overview 82
Demand overview 83
Regulatory structure 85
Infrastructure 86
Chapter 10 Russia 90
Market summary 90
Supply and demand balance 91
Supply overview 92
Demand overview 93
Regulatory structure 95
Infrastructure 96
Chapter 11 Slovakia 100
Market summary 100
Supply and demand balance 101
Supply overview 102
Demand overview 103
Regulatory structure 104
Infrastructure 106
Pipelines 106
Storage 106
Chapter 12 Slovenia 110
Market summary 110
Supply and demand balance 111
Supply overview 112
Demand overview 113
Regulatory structure 115
Infrastructure 116
Pipelines 116
List of Figures
Figure 1.1: Bulgaria, gas production, 1995-2007e 12
Figure 1.2: Bulgaria, import supply sources, 2007e 13
Figure 1.3: Bulgaria, sectoral demand, 2007e 14
Figure 1.4: Bulgaria, historical and forecast demand, 1995-2020 14
Figure 1.5: Bulgaria, gas grid 17
Figure 2.6: Croatia, gas production, 1992-2007e 22
Figure 2.7: Croatia, sectoral demand, 2007e 23
Figure 2.8: Croatia, historical and forecast demand, 1990-2020 24
Figure 2.9: Croatia, gas grid 25
Figure 3.10: Czech Republic gas production, 1990-2007e 30
Figure 3.11: Czech Republic, import supply sources, 2007e 31
Figure 3.12: Czech Republic, sectoral demand, 2007e 32
Figure 3.13: Czech Republic, historical and forecast demand, 1990-2020 32
Figure 3.14: Czech Republic, gas grid 35
Figure 4.15: Estonia, sectoral demand, 2007e 40
Figure 4.16: Estonia, historical and forecast demand, 1995-2020 41
Figure 4.17: Estonia, gas grid 42
Figure 5.18: Hungary gas production, 1990-2007e 46
Figure 5.19: Hungary gas import supply sources, 2007e 47
Figure 5.20: Hungary, sectoral demand, 2007e 48
Figure 5.21: Hungary, historical and forecast demand, 1990-2020 48
Figure 5.22: Hungary, gas network 52
Figure 6.23: Latvia, sectoral demand, 2007e 57
Figure 6.24: Latvia, , historical and forecast demand, 1990-2020 57
Figure 7.25: Lithuania, sectoral demand, 2007e 64
Figure 7.26: Lithuania, historical and forecast demand, 1996-2020 64
Figure 8.27: Poland, gas production, 1990-2007e 71
Figure 8.28: Poland, import supply sources, 2007e 71
Figure 8.29: Poland, sectoral demand, 2007e 72
Figure 8.30: Poland, historical and forecast demand, 1990-2020 73
Figure 8.31: Poland, gas grid 77
Figure 9.32: Romania gas production, 1990-2007e 82
Figure 9.33: Romania gas import supply sources, 2007e 83
Figure 9.34: Romania, sectoral demand, 2007e 84
Figure 9.35: Romania, Historical and forecast demand, 1990-2020 84
Figure 9.36: Romania, gas grid 87
Figure 10.37: Russia, gas production, 1990-2007e 92
Figure 10.38: Russia, gas exports, 2007e 93
Figure 10.39: Russia, historical and forecast demand, 1990-2020 94
Figure 10.40: Russia, gas network 97
Figure 11.41: Slovakia, gas production, 1990-2007e 102
Figure 11.42: Slovakia, sectoral demand, 2007e 103
Figure 11.43: Slovakia, historical and forecast demand, 1990-2020 104
Figure 11.44: Slovakia, gas grid 107
Figure 12.45: Slovenia, gas production, 2000-2007e 112
Figure 12.46: Slovenia, import supply sources, 2007e 113
Figure 12.47: Slovenia, sectoral demand, 2007e 114
Figure 12.48: Slovenia, historical and forecast demand, 1990-2020 114
Figure 12.49: Slovenia, gas grid 116
List of Tables
Table 1.1: Bulgaria gas supply and demand balance, 2006-07e* (bcm) 11
Table 2.2: Croatia gas supply and demand balance, 2006-07e (bcm) 21
Table 2.3: Croatia, main transmission pipelines 26
Table 3.4: Czech Republic gas supply and demand balance, 2006-07e (bcm) 29
Table 3.5: Czech Republic, storage sites 36
Table 4.6: Estonia gas supply and demand balance, 2006-07e* (bcm) 39
Table 5.7: Hungary gas supply and demand balance, 2006-07e (bcm) 45
Table 5.8: Hungary, storage sites 51
Table 6.9: Latvia gas supply and demand balance, 2006-07e* (bcm) 55
Table 7.10: Lithuania, supply and demand balance, 2006-07e (bcm) 62
Table 8.11: Poland gas supply and demand balance, 2006-07e (bcm) 69
Table 9.12: Romania gas supply and demand balance, 2006-07e (bcm) 81
Table 10.13: Russia gas supply and demand balance, 2006-07e (bcm) 91
Table 11.14: Slovakia gas supply and demand balance, 2006-07e* (bcm) 101
Table 11.15: Slovakia, storage sites 106
Table 12.16: Slovenia gas supply and demand balance, 2006-07e* (bcm) 111