La Rivoluzione Energetica Americana Incontro con Frank...

La Rivoluzione Energetica AmericanaIncontro con Frank Verrastro

A European regulator’s perspective

Prof. Valeria Termini

Commissioner, Italian Authority for Electricity and GasCEER Vice President

Member of the Board of Regulators, ACER

Milano, 21st March 2013

Prof. Valeria Termini Milan, 21st March 2013

Shale gas potential

•EIA estimates of 48 basins in 32 countries

•2


Natural gas net export flowsSource: IEA, Natural gas information 2012

-300

-200

-100

0

100

200

1971 1973 1990 2000 2007 2008 2009 2010 2011

Bill

ion

so

fcu

bic

met

ers

America (non USA)

USAAsia

Europa

Russia/Central Asia

AfricaMiddle East


-300

-200

-100

0

100

200

1971 1973 1990 2000 2007 2008 2009 2010 2011

Bill

ion

so

fcu

bic

met

ers

America (non USA)

USAAsia

Europa

Russia/Central Asia

AfricaMiddle East

The increase in gas flows


Source: BP

Gas trade flows


0

10

20

30

40

50

60

70

80

90

100

2000 2010 2000 2010 2000 2010 2000 2010 2000 2010 2000 2010

Italy France Germany Spain UK European Union

Coal, lignite Oil Natural gas Nuclear Renewables (hydro, wind, solar, geothermal) Other

The generation mix: gas and renewables are growing for all (and will grow more)

Fonte: Enerdata

Prof. Valeria Termini Milan, 21st March 2013 6

LNG global import and export

0

20

40

60

80

100

120

140

160

180

Import Export Import Export Import Export Import Export Import Export

America As ia Europa Afri ca Aus tra l ia

Fonte: Globa l LNG.

M(m3)

1997 2000 2005 2006 2007 2008 2009 2010


Where does LNG go ?

Importazioni di LNG per paese di destinazionefonte: IEA

0

20000

40000

60000

80000

100000

120000

Arg

entin

a

Bel

gium

Bra

zil

Can

ada

Chi

le

Chi

na

Tai

pei

Dom

inic

an r

ep

Fra

nce

Gre

ece

Indi

a

Italy

Japa

n

Kor

ea

Kuw

ait

Mex

ico

Nor

way

Pol

and

Por

tuga

l

Pue

rtor

ico

Spa

in

Tur

key

UK

US

A

Mili

on

i di m

etri

cu

bi

2006

2010

=>


Where does LNG come from?

Esportazioni di LNG per Paese di origineFonte IEA (2011)

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

Aus

tral

ia

Uni

ted

Sta

tes

Alg

eria

Bru

nei

Egy

pt

Eq.

Gui

nea

Indo

nesi

a

Liby

a

Mal

aysi

a

Nig

eria

Nor

way

Om

an

Per

u

Qat

ar

Rus

sia

Trin

idad

U.A

.E.

Yem

en

Non

Spe

cifie

d

Mili

on

i di m

etri

cu

bi

2006

2010


World’s major LNG exporting and importing countries

Source: BG group


The emergence of gas hubs in Europe


Where does gas come from?

TAP

ITGI

MEDGAZ

GALSI

TRANSMED

Source: ATKearney


Geopolitica dell’energia: prezzi e consumi del petrolio 1964-2010

•Consumo mondiale di petrolio

•Milioni di barili al giorno

•P

rezzo

del

petr

olio

La Rivoluzione Energetica AmericanaIncontro con Frank Verrastro

A European regulator’s perspective

Prof. Valeria Termini

Commissioner, Italian Authority for Electricity and GasCEER Vice President

Member of the Board of Regulators, ACER

Milano, 21st March 2013


Shale gas potential

•EIA estimates of 48 basins in 32 countries

•2



-300

-200

-100

0

100

200

1971 1973 1990 2000 2007 2008 2009 2010 2011

Bill

ion

so

fcu

bic

met

ers

America (non USA)

USAAsia

Europa

Russia/Central Asia

AfricaMiddle East


-300

-200

-100

0

100

200

1971 1973 1990 2000 2007 2008 2009 2010 2011

Bill

ion

so

fcu

bic

met

ers

America (non USA)

USAAsia

Europa

Russia/Central Asia

AfricaMiddle East

The increase in gas flows