Gazprom pipelines and export capacity

Газопроводы Газпрома и экспортные мощности

Gas pipelines of West Siberia

Газопроводы Западной Сибири

Export flows of Gazprom

Экспортные потоки

Spot, Gazprom, Brent

Цены на нефть и газ

End-use price of gas

Russia and USA

Daily gas production

Суточная добыча


In 2012, the new export route to Waidhaus was four times more expensive than the old one


In 2012, Nord Stream shipped 11.8 bcm of gas from Vyborg, Russia, to Greifswald, Germany. According to Gazprom, this volume was diverted from the "old" export route via Ukraine and Slovakia.

From Greifswald, Russian gas was transported by the OPAL pipeline to Brandov at the Czech border and then by the Gazelle pipeline to Waidhaus at the Czech-German border. The following table compares the transportation costs at the new route via the Nord Stream pipeline and the old one via Ukraine.

Russian Gas Exports to Waidhaus, Germany: Cost Comparison, EUR Million

Cost item

2012

2012

2020

2020

 

without NS1

with NS2

without NS1

with NS2

Ukhta-Gryazovets3

-

295

-

295

Gryazovets-Vyborg4

-

403

-

403

Fuel gas - CS Portovaya

-

18

-

78

Nord Stream

-

621

-

577

Transit - OPAL

-

94

-

220

Transit - Gazelle

-

105

-

245

Transit - Ukraine

353

-

793

-

Transit - Slovakia5

88

88

315

315

Transit - Czech5

126

126

244

55

Sub-total:

568

1751

1352

2188

Fuel gas - Ukraine6

(132)

-

(300)

-

TOTAL:

436

1751

1052

2188

Gas volume, bcm

11.8

11.8

27.5

27.5

1 Assuming there were no Nord Stream and its feeding pipelines.

2 A part of gas transportation expenses associated with Nord Stream and its feeding pipelines.

3 Depreciation cost of corresponding segment of the Ukhta-Torzhok pipeline.

4 Depreciation cost.

5 Ship-or-pay cost based on the booked capacity of the corresponding year.

6 Revenue from sales of additional fuel gas for Ukrainian compressor stations.

Sources: Gazprom, EUSTREAM, NET4GAS, Naftogaz of Ukraine, EEGA.

The case "without NS" assumes that Nord Stream and its feeding pipelines were not built. Note that the table considers only depreciation costs at the Russian pipelines that feed Nord Stream.

In 2012, the Nord Stream route to Waidhaus was four times more expensive than the old route via Ukraine. The Nord Stream route will remain more expensive even after the expiration of ship-or-pay transit contracts of Gazprom with Slovakian EUSTREAM and Czech NET4GAS.

Mikhail Korchemkin

East European Gas Analysis

Malvern, PA, USA

 

June 21, 2013

 

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Last modified: 12/07/14                    East European Gas Analysis 2006-2014                                           Email: info@eegas.com
Reproduction or use of materials is allowed only with reference to East European Gas Analysis or www.eegas.com