south stream offshore pipeline boom to bulgaria
DESCRIPTION
Natural gas is the most climate-friendly fossil fuel; and it is both efficient and abundant. Yet while European demand for gas is rising, domestic production is declining, due to dwindling European reserves. The International Energy Agency projects annual gas demand in Europe to grow by 15% between 2010 and 2035. Within the same time period, production in Europe will decrease by more than 50%.1 Therefore, the region needs additional gas supplies and reliable supply routes to secure its energy for the coming decades. The South Stream Offshore Pipeline is scheduled to deliver first gas to Europe by the end of 2015.TRANSCRIPT
SOUTH STREAM OFFSHORE PIPELINEAn Economic Engine fro Bulgaria
Environment First:Environmental and Social Impact
Key aspects to be addressed during the assessment include:Impacts of the offshore pipeline on the Black Sea marine environment.• Impacts on the coastal environment at landfall sections• Impacts on the terrestrial flora, fauna and habitats around the landfall sections of the pipeline• Disturbance caused by the constructionworks (noise and vibration)• Impacts (both positive and adverse) on the socio-economic conditions• Impacts to terrestrial and marine cultural heritage• Planning and management of work force as well as health, safety and emergency actions
The Environmental and Social Impact Assessment (ES IA) is part of the planning process undertaken in 2012 and 2013.The ES IA ensures that environmental and social performance standards areachieved to enhance positive impacts and avoid or mitigate adverse impacts of the Project. Construction and operationof the pipeline will be supported by an Environmental and Social Management Plan which is developed during the ES IA.
SupportingECOnomy
Providing long term solution for consumers and industries.Project will create 600 Jobs in bulgaria.
Attract investment from leading European energy companies.
02% GDP Growth is expected, biggest of its kind
EUR 2.5 B will be secured by 2040
The South Stream Offshore Pipeline through the Black Sea will have an investment budget of several billion Euros, financed by private investors. This long-term investment will support economic growth in the Black Sea region, and across Central and South-Eastern Europe
The Product-NATURAL GAS
Natural gas is the cleanest burning fossil fuel. It provides a consistent, low carbon energy supply that is the ideal back-up to renewable energy sources. For Europe, these benefits mean natural gas is increasingly important. Not only can it provide the support needed for renewable energy, but due to its low carbon emissions it also counts towards the EU 2020 environmental targets.
• Domestic Production: 201 bcm
• Imports -333bcm• 536 bcm
consumed
Europe 2010
• Domestic Production: 104 bcm
• Imports -335bcm• South Stream-
63bcm
Europe 2030
[592-640bcm will be
required]
EPC: South Stream Transport B.V.
50%
20%
15%
15%
South Stream Transport B.V.
Russian OAO GazpromItalian Eni S.p.A.EDFGerman Wintershall Holding GmbH
South Stream Transport B.V. is an international joint venture established for the planning, construction, and subsequent operation of the offshore gas pipeline through the Black Sea. The four shareholders of the South Stream Transport consortium are OAO Gazprom (50%), Eni S.p.A. (20%), EDF (15%), and Wintershall Holding GmbH (15%) – a BASF subsidiary. The South Stream Offshore Pipeline is a genuine European Project based on parity between European and Russian partners.
FACTS ABOUT THE
SOUTH STREAM OFFSHORE PIPELINE
Approximately 931 kilometres long, on the bottom of the Black SeaMaximum depth of 2,250 metresIt will consist of 4 pipelines, each supplying 15.75 billion cubic metres of natural gas per yearTotal transportation capacity: 63 billion cubic metres of natural gas per yearDiameter per pipeline is 32 inchesEach pipeline will be made up of 12-metre long segmentsTotal number of pipe segments per line is approximately 75,000Final Investment Decision taken in November 2012Commercial operations (first line) are planned to start at the end of 2015Achievement of full capacity is planned for the end of 2017The pipeline has a minimum design life of 50 years
Beyond the OffshoreIntergovernmental agreements were signed with Bulgaria, Serbia, Hungary, Greece, Slovenia, Austria and Croatia in order to implement the onshore gas pipeline section. These agreements stipulate preparation of the FS for South Stream construction in the project host countries, as well as creation of joint ventures between Gazprom and national energy companies authorized for the gas pipeline construction.
Beyond the OffshoreOnshore section
Austria — South Stream Austria Gmbh– Shareholders: Gazprom (50%), OMV (50%)
Bulgaria — South Stream Bulgaria AD– Shareholders: Gazprom (50%), Bulgarian Energy Holding (50%)
Croatia — joint venture being set up– Partners: Gazprom, Plinacro
Greece — South Stream Greece S.A.– Shareholders: Gazprom (50%), DESFA (50%)
Hungary — South Stream Hungary Zrt– Shareholders: Gazprom (50%), Magyar Villamos Művek (MVM) (50%)
Serbia — South Stream Serbia AG– Shareholders: Gazprom (51%), Srbijagas (49%)
Slovenia — South Stream Slovenia LLC– Shareholders: Gazprom (50%), Plinovodi (50%)