BP plc · LSE:BP.
BP — 22nd Annual Petroleum Policy Seminar (January 2002)
9 slides from BP's conference presentation, Jan 15, 2002
Slide 1: Slide 1
Slide 2: 22nd Annual Petroleum Policy Seminar
22nd Annual Petroleum Policy Seminar Sandefjord 15th January 2002 Steve Welch BP Group Vice President Gas, Power & Renewables
Slide 3: Fundamentals For Development of a Liberalised EU Energy Market
Fundamentals For Development of a Liberalised EU Energy Market • Access to gas supplies • Access to equitable transportation services • Clear and equitable regulatory processes • Liquid, transparent and connected pan- European energy markets
Slide 4: Open For Business….Not Many Sales!
Open For Business….Not Many Sales ! Market Development Indicators: Gas Declared market Proportion of gas opening 2000 transported by TPA Belgium 59% <2% France 20% 3% Germany 100% 2% Italy 96% 16% Netherlands 45% 17% Spain 72% 7% UK 100% 100% source: WEFA, information provided by survey respondents
Slide 5: EU Network Access Tariffs
EU Network Access Tariffs Transmission Tariffs Locational signals Estimated unit cost of transport €/MWh Belgium point-point 0.5 France point-point 0.5 Germany point-point 0.4 Italy entry/exit 0.9-1.6 Netherlands point-point 0.4 Spain (excludes entry-exit and 1.3 regasification) postalised UK entry-
Slide 6: EU Penalty Tickets – A Case of Imbalance?
EU Penalty Tickets – A Case of Imbalance? Hypothetical Two-Day Imbalance Episode 3 Average Charge (€/m ) 0.500 Netherlands 0.250 France Germany UK 0.000 0% 5% 10% 15% 20% 25% Percent Imbalance Note: Episode involves 200,000 m 3/day (80% load factor) transaction in which the shipper is long in one da
Slide 7: EU Regulators – Competences & Resources
EU Regulators – Competences & Resources Competences and Resources of Regulators Network access Annual Staff conditions Budget number 2001 (€m) gas electricity Belgium R R 9.4 40 France n.a. M 9.1 65 Germany N N N/A Italy R R 18.0 63 Netherland N R 4.0 33 s Spain M M 16.8 140 UK R R 103.0 340 R- Regu
Slide 8: Summary
Summary • Some progress by Political, Regulatory and Competition Authorities • But obstacles remain, initiatives delayed, cross- border transactions impeded • Commission study clearly identifies the impediments and remedies • A mixture of political will and industry pragmatism is required
Slide 9: Slide 9
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