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NTNU, 16 Nov 2001

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where the gas is dried and sent on to Europe. ... Heidrun. sgard. Tjeldbergodden. Midgard. Draugen. Heimdal. Emden. Dunkerque. Franpipe. Europipe II ... – PowerPoint PPT presentation

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Title: NTNU, 16 Nov 2001


1
NTNU, 16 Nov 2001
Norwegian gas pricing sales organisation
2
Troll Gas

Gas reserves about 1 300 bn Sm3 Processing
capacity Gas 100 mill Sm3/day Condensate
3 500 Sm3/day
On stream October 1996 Total investment NOK
35,5 bn (97-NOK)
The wellstream is transported through pipelines
from the Troll A platform to the treatment plant
at Kollsnes, where the gas is dried and sent on
to Europe. The platform and the treatment plant
is operated with power from the Norwegian
electricity grid, therefore the CO2 emissions are
reduced to a minimum.
28 KONPR 24.11.98
3
Norwegian gas transportation system
Heidrun
Midgard
Åsgard
Draugen
Åsgard Transport
Tjeldbergodden
Statfjord
Gullfaks
T
r
oll
Oseberg
Kollsnes
Frigg
Kårstø
Heimdal
Sleipner
Draupner
St. Fergus
Europipe II
Ekofisk
Europipe I
Norpipe
Zeepipe
Franpipe
Etzel
Emden
Zeebrügge
Dunkerque
4
French natural gas transportation network
5
Risk sharing in classic gas sales contracts
Long term Take or Pay contract Price indexation
to best alternative fuels
Seller Price risk
Buyer Volume risk
6
Natural gas pricing The Market Value approach
Øre/kWh
Gas price 123
1
Diff. in op.cost
2
Fuel cost
Diff. in cap. cost
Operation cost
3
Capital cost
Best alternative solution
Natural gas solution
7
Market value - Natural gas Illustrative,
simplified
Price/m³
Average market value
Distribution
costs
Residential sector
Storage costs
Value
Commercial sector
Transmission
Industrial boilers
Industrial processes
costs
Netback
value
Billion m³
Volume
8
Historical Norwegian Gas Organization
Ministry of Petroleum and Energy (MPE)
GSC Gas Supply Committee
GFU Gas Negotiation Committee
Market
Licences
e.g. Troll,Sleipner, Åsgard, Statfjord
Gullfaks, Oseberg
9
New Norwegian Gas organisation
  • 1 June 2001 GFU (Gas Negotiation Committee)
    dismantled
  • Gas sellers negotiate individually with buyers
  • Plans for dismantling of FU (Supply Committee)
  • Partial privatisation of Statoil in June 2001
  • New 100 state owned company (Petoro)
    administrating the Norwegian State's gas reserves
  • Statoil still the caretaker and marketer of the
    State's gas

10
Gas marketing in the future
Øre/kWh
Q
Gas price 123
1
Diff. in op.cost
Spot gas markets
2
Diff. in cap. cost
3
Best alternative solution
Natural gas solution
P
More competition gt Reduced prices? Increased
risk gt Reduced offer? Concern in Europe
Security of supplies
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