ENTSOG GRIP South - Main Report

The simultaneous consequence of this surplus of gas and a high demand and prices in Asia, have been taken advantage of by the shippers operating in the Region. Shippers, in order tomaximize the LNG surplus in the southern area, have alsomaximized the gas flows fromNorth to South covering themaximum demand aspossiblewith them. Thereby, LNG surplushavebeen reloaded from theLNGTer- minals in the IberianPeninsula and in France and have been sent to Japan, where the demand for LNG is high. 1) Figures 6.17 to 6.20 show the results of the analysis developed in order to increase the knowledge of the effect for the South Region’s gas system of these boundary global conditions. In Figure 6.17 we can observe a new configuration of the gas flows in the French networkwith gas coming fromNorth to South .

+19

Values in TWh

H: -7 B: +4

Dunkerque

+27

Taisnières

ZoneNord

\\ Dropof LNG supplies: -38%between 2011 and2012 \\ Higher entries at Dunkirk (+12%) andObergailbach (+38%) tooffset LNG’s supplies \\ Growingexports toSpain (+18%), decreasing to Italy (-34%)

Montoir-de-Bretagne

Obergailbach

+31

-15

-36

Oltingue

Zone Sud

+9

TIGF

Fos

-24

Figure 6.17: New gas flows configuration in the French network (Source: Internal Development)

Figure 6.18 shows the increasing use of pipe supplies from the Northwest Europe to France.

90 100 %

90 100 %

Dunkerque IP

Obergailbach IP

80 70 60 50 40 30 20 10

80 70 60 50 40 30 20 10

+19 TWh

+27 TWh

0

0

2010

2011

2012

2010

2011

2012

Utilization< 30%

Utilization 30%– 60%

Utilization< 30%

Utilization 30%– 60%

Utilization 60%– 90%

Utilization> 90%

Utilization 60%– 90%

Utilization> 90%

Subscription rate

Subscription rate

Figure 6.18: Evolution of utilization of French entry points (Source: Internal Development)

1) Despite a total count in 2012 of 70 re-exported cargoes actually discharged (up 60% from 2011), considering operational cost efficiency and the environmental impact, it is doubtful that reloads will continue to be a growing feature in LNG trading , they are, however, likely to continue in the coming years.

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ENTSOG–GRIPSouth 2013–2022