RISE OF THE FSRU AND THE LNG MARKET OUTLOOK.

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "RISE OF THE FSRU AND THE LNG MARKET OUTLOOK."

Transcription

1 RISE OF THE FSRU AND THE LNG MARKET OUTLOOK

2 RISE OF THE FSRU AND UPCOMING ORDERS By David Boggs David Boggs is the Managing Director and founder of Energy Maritime Associates, which publishes market leading reports on the floating production industry, including developments requiring FPSOs, FLNGs, FSRUs, Semis, Spars, TLPs, MOPUs, and FSOs. David has 15 years experience in the Offshore Oil & Gas Industry including extensive involvement in numerous FSO and FPSO projects. FSRU contracts have been the bright light in the floating production sector. The first dedicated FSRUs began operation in 2008 and the fleet has grown quickly in size. By 2011 there were seven units installed and this doubled to fourteen units by Energy Maritime Associates forecasts the fleet could grow by an additional 4 5 units per year through to at least In addition, there has also been use of an LNG FSO together with onshore or barge based regas facilities. There are currently three LNG FSOs in operation with two more on order. NEWBUILT VS CONVERSION Five of the first six FSRUs were based on converted LNG tankers. However, since 2010, all FSRU orders have been purpose-built units. Five of these units were initially built as LNG regas vessels and are now used as permanent FSRUs. Recently there has been renewed focus on conversions. As the LNG shipping market has deteriorated, older LNG carriers are becoming harder to employ and are therefore seeking alternate use as FSRUs and LNG FSOs. Currently there is an oversupply of LNG carriers, with at least ten 1970s and 1980s-built vessels laid-up with potential plans for conversion to LNG FSOs or FSRUs. In addition, conversion shipyards in Asia, particularly in China and Singapore have capacity for FSRU conversion projects. At the same time, the Korean shipyards that constructed all the new FSRU units are struggling financially. THE END OF SPECULATIVE ORDERS? 13 of the 17 newbuilt units were ordered on speculation and nine have found contracts by delivery, or shortly thereafter. Four FSRUs remain on order without a committed contract. However, as these units are ordered before the project requirements are known, the FSRU may not be a good match with the project. According to Excellerate, a speculative FSRU newbuild priced at $ million USD may be too large for half the projects out there and too small for one-quarter of them. YEAR FSRU UNITS IN OPERATION

3 FSRU OWNERS Currently there are five FSRU owners with units in operation. Four additional companies have units on order. Golar leads the way with eight units, closely followed by Excelerate and Hoegh with seven units each. Excellerate has moved its LNG regas vessels into the FSRU market, while Golar and Hoegh have expanded rapidly by ordering the majority of their FSRUs on speculation. BW Gas and Exmar followed this example and placed speculative orders in 2013 and New players are also entering the FSRU market, including LNG ship-owners, such as MOL and Gaslog, as well as FPSO contractors like Bumi Armada. THE FUTURE? FSRU orders will be divided between newbuilds, conversions, redeployment of LNG REGAS VESSELS, and regas barges with LNG FSOs. Energy Maritime Associates is tracking 40 projects that could require an FSRU and/or LNG FSO. In the next five years Energy Maritime Associates forecasts: 4 6 orders for newbuilt FSRUs (most will be 170,000m3) 4 6 contracts using existing LNG regas vessels or redeployed FSRUs 5 7 orders for regas barges with LNG FSOs 2 6 orders for converted FSRUs 10

4 THE GLOBAL FSRU MAP AND BEYOND These two interactive maps represent the global fleet of FSRUs in operation, those currently on order and the projects still in the planning phase. This information was kindly provided by Energy Maritime Associates. Click here information about current FSRUs 11

5 THE GLOBAL FSRU MAP AND BEYOND These two interactive maps represent the global fleet of FSRUs in operation, those currently on order and the projects still in the planning phase. This information was kindly provided by Energy Maritime Associates. Click here for planned projects FSRU Units in Operation - Historical & Forecast 12

The 2018 F loating Production R eport S eries

The 2018 F loating Production R eport S eries The 2018 F loating Production R eport S eries The Floating Production Outlook Report is released once a year in December (Q1) and aims to provide a comprehensive view of the FPS market. It provides an

More information

Höegh LNG - The FSRU provider. Presentation at Marine Money Week 2017 Sveinung J.S. Støhle President & CEO

Höegh LNG - The FSRU provider. Presentation at Marine Money Week 2017 Sveinung J.S. Støhle President & CEO Höegh LNG - The FSRU provider Presentation at Marine Money Week 2017 Sveinung J.S. Støhle President & CEO Forward looking statements This presentation contains forward-looking statements which reflects

More information

Norwegian Solutions for LNG in International Market

Norwegian Solutions for LNG in International Market Norwegian Solutions for LNG in International Market - LNG Seminar Mumbai 9th Feb. 2018 Azam Ali Khan, Country Manager-India Content o o o Introduction to NORWEP LNG Scenario Partner s Capability 2 Norwegian

More information

Third Quarter 2013 Presentation of financial results 19 November 2013

Third Quarter 2013 Presentation of financial results 19 November 2013 Höegh LNG The floating LNG services provider Third Quarter 2013 Presentation of financial results 19 November 2013 Forward looking statements This presentation contains forward-looking statements which

More information

Classification of FSRUs

Classification of FSRUs Classification of FSRUs Intertanko Gas Seminar London May 2, 2018 Carlos Guerrero, Global Market Leader - Tankers & Gas Carriers Bureau Veritas Marine and Offshore 2018 Bureau Veritas Marine & Offshore

More information

EXMAR GROUP Leadership through Innovation

EXMAR GROUP Leadership through Innovation EXMAR GROUP Leadership through Innovation EXMAR GROUP General Assembly May 20th 2014 May 2014 www.exmar.be Exmar Group EXMAR Group LNG LPG / NH 3 Offshore Services Shipping Shipping Accommodation / Work

More information

Investor Presentation

Investor Presentation Investor Presentation September 2016 Keppel Corporation Meeting the needs of sustainable urbanisation Offshore & Marine Property Infrastructure Investments Offshore rig design, construction, repair and

More information

LNG Market Prospects. Mr Jae Sung Choi. 1 st November, 2017

LNG Market Prospects. Mr Jae Sung Choi. 1 st November, 2017 LNG Market Prospects Mr Jae Sung Choi 1 st November, 2017 CONTENTS I. Introduction of Clarksons Platou Korea II. III. IV. LNG Trade Overview (Exports & Imports) LNG Value Chain LNG Carrier Market Overview

More information

Third Quarter 2011 Presentation of financial results 30 November 2011

Third Quarter 2011 Presentation of financial results 30 November 2011 Höegh LNG The floating LNG services provider Third Quarter 2011 Presentation of financial results 30 November 2011 Forward looking statements This presentation contains forward-looking statements which

More information

Fourth Quarter 2011 Presentation of financial results 29 February 2012

Fourth Quarter 2011 Presentation of financial results 29 February 2012 Höegh LNG The floating LNG services provider Fourth Quarter 2011 Presentation of financial results 29 February 2012 Forward looking statements This presentation contains forward-looking statements which

More information

EXMAR GROUP Leadership through Innovation

EXMAR GROUP Leadership through Innovation EXMAR GROUP Leadership through Innovation EXMAR GROUP General Assembly May 15th 2012 1 EXMAR Group EXMAR Group LNG LPG / NH 3 Offshore Services Shipping Shipping Accommodation / Work Barge Shipmanagement

More information

GENERAL ASSEMBLY 17 MAY Innovation: Our Source of Energy

GENERAL ASSEMBLY 17 MAY Innovation: Our Source of Energy GENERAL ASSEMBLY 17 MAY 2016 Innovation: Our Source of Energy PANORAMA 2015 26 February 2015 Exmar Offshore exercices purchase option on Otto 5 accommodation barge. Barge is renamed Wariboko and commences

More information

EXMAR GROUP: Leadership Through Innovation

EXMAR GROUP: Leadership Through Innovation Speech by: Paul C. Young, CMO EXMAR EXMAR GROUP: Leadership Through Innovation New York - 28th of March, 2013 7 th Annual Invest in International Shipping Capital Link Forum EXMAR Group LNG LPG / NH 3

More information

Höegh LNG The floating LNG services provider. Corporate Presentation August 2015

Höegh LNG The floating LNG services provider. Corporate Presentation August 2015 Höegh LNG The floating LNG services provider Corporate Presentation August 2015 Forward looking statements This presentation contains forward-looking statements which reflects management s current expectations,

More information

Höegh LNG The FSRU services provider

Höegh LNG The FSRU services provider Höegh LNG The FSRU services provider FSRUs - the key to growth for new LNG markets DNB s 10 th annual oil, shipping & offshore conference 02 March 2017 Sveinung J.S. Støhle President and CEO, Höegh LNG

More information

ANALYST BRIEFING 3Q FY2017 Financial Results. 3 November 2017

ANALYST BRIEFING 3Q FY2017 Financial Results. 3 November 2017 ANALYST BRIEFING 3Q FY2017 Financial Results 3 November 2017 FINANCIAL OVERVIEW By : Mohammad Romzi, Senior General Manager, Finance Higher revenue: Offshore - Higher construction revenue recognised for

More information

Höegh LNG - the FSRU provider 2Q 2018 Presentation of financial results 23 August 2018

Höegh LNG - the FSRU provider 2Q 2018 Presentation of financial results 23 August 2018 Photo: Jørgen Grindevoll, Chief Officer, Höegh LNG Fleet Management Höegh LNG - the FSRU provider 2Q 2018 Presentation of financial results 23 August 2018 1 Forward looking statements This presentation

More information

ANALYST BRIEFING 2Q FY2017 Financial Results. 9 th Aug 2017

ANALYST BRIEFING 2Q FY2017 Financial Results. 9 th Aug 2017 ANALYST BRIEFING 2Q FY2017 Financial Results 9 th Aug 2017 FINANCIAL OVERVIEW By : Mohammad Romzi, Senior General Manager, Finance Lower revenue: Offshore - Q1 FY2017 results include one-off gain for GKL

More information

EXMAR GROUP Leadership through Innovation

EXMAR GROUP Leadership through Innovation EXMAR GROUP Leadership through Innovation EXMAR GROUP General Assembly May 21st 2013 1 EXMAR Group EXMAR Group LNG LPG / NH 3 Offshore Services Shipping Shipping Accommodation / Work Barge Shipmanagement

More information

Cleaner energy and shipping in Indonesia Small scale LNG. By: Jan Valkier

Cleaner energy and shipping in Indonesia Small scale LNG. By: Jan Valkier Cleaner energy and shipping in Indonesia Small scale LNG By: Jan Valkier Jakarta - Mareforum 2012 March 28, 2012 Outline Introduction Anthony Veder Group Fleet LNG focus Our experience in small scale LNG

More information

ANALYST BRIEFING 4Q FY2016 Financial Results. 10 th February 2017

ANALYST BRIEFING 4Q FY2016 Financial Results. 10 th February 2017 ANALYST BRIEFING 4Q FY2016 Financial Results 10 th February 2017 FINANCIAL OVERVIEW By : Nik Azlan Aziz Senior General Manager, Finance Revenue: Heavy Engineering - Lower revenue in MHB s Heavy Engineering

More information

LNG SOLUTIONS FOR A GREENER FUTURE

LNG SOLUTIONS FOR A GREENER FUTURE LNG SOLUTIONS FOR A GREENER FUTURE ABOUT KEPPEL OFFSHORE & MARINE Keppel Offshore & Marine is a global leader in ship repair and conversion, specialised shipbuilding, and offshore rig design, construction

More information

ASSOCIATION OF SINGAPORE MARINE INDUSTRIES (ASMI)

ASSOCIATION OF SINGAPORE MARINE INDUSTRIES (ASMI) World Class & More ASSOCIATION OF SINGAPORE MARINE INDUSTRIES (ASMI) Non-profit trade association formed in 1968 Representative body for marine and offshore engineering industry in Singapore Mission: To

More information

LNG Shipping: How Long Will The Good Times Last?

LNG Shipping: How Long Will The Good Times Last? LNG Shipping: How Long Will The Good Times Last? Poten & Partners November 1 HOUSTON NEW YORK LONDON ATHENS SINGAPORE GUANGZHOU PERTH A GLOBAL BROKER AND COMMERCIAL ADVISOR FOR THE ENERGY AND OCEAN TRANSPORTATION

More information

Pareto conference. 31 August 2011

Pareto conference. 31 August 2011 Pareto conference 31 August 2011 Awilco LNG a short but eventful history November 2010 February March April May - Entered negotiations for acquisition of three vessels -Awilco LNG founded and funded for

More information

Trelleborg Marine Systems A Comprehensive Approach to FLNG Docking & Mooring Systems

Trelleborg Marine Systems A Comprehensive Approach to FLNG Docking & Mooring Systems Trelleborg Marine Systems A Comprehensive Approach to FLNG Docking & Mooring Systems March 2013 A Comprehensive Approach to FLNG Docking & Mooring Systems Agenda Introduction Defining the unique challenges

More information

EXMAR: Leadership through Innovation. Miguel de Potter CFO

EXMAR: Leadership through Innovation. Miguel de Potter CFO EXMAR: Leadership through Innovation Miguel de Potter CFO Table of Content EXMAR at a Glance EXMAR along the LNG Value Chain EXMAR s LPG Activities EXMAR s Offshore Activities Conclusions and Q&A 2 EXMAR

More information

Höegh LNG - the FSRU provider. Company presentation. March 2018

Höegh LNG - the FSRU provider. Company presentation. March 2018 Höegh LNG - the FSRU provider Company presentation March 2018 1 Forward looking statements This presentation contains forward-looking statements which reflects management s current expectations, estimates

More information

Höegh LNG - the FSRU provider. 3Q 2018 Presentation of financial results 29 November 2018

Höegh LNG - the FSRU provider. 3Q 2018 Presentation of financial results 29 November 2018 Höegh LNG - the FSRU provider 3Q 2018 Presentation of financial results 29 November 2018 1 Forward looking statements This presentation contains forward-looking statements which reflects management s current

More information

FLNG Still a Nice Niche? Martin Wilkes

FLNG Still a Nice Niche? Martin Wilkes FLNG Still a Nice Niche? Martin Wilkes Disclaimer RISC is a truly independent advisory firm, providing impartial advice to a broad range of clients in the oil and gas industry, and enabling them to make

More information

LNG market developments. 12 th of February 2015 Jonathan Raes development EXMAR LNG Infrastructure

LNG market developments. 12 th of February 2015 Jonathan Raes development EXMAR LNG Infrastructure LNG market developments 12 th of February 2015 Jonathan Raes development EXMAR LNG Infrastructure Introduction EXMAR & LNG EXMAR Company Introduction Shipping & Energy Infrastructure Provider 1829 shipbuilding

More information

3 rd LNG SUPPLY, STORAGE AND TRANSPORTATION PHILLIPINES FORUM 2016 SMX AURA, MANILA

3 rd LNG SUPPLY, STORAGE AND TRANSPORTATION PHILLIPINES FORUM 2016 SMX AURA, MANILA 3 rd LNG SUPPLY, STORAGE AND TRANSPORTATION PHILLIPINES FORUM 2016 SMX AURA, MANILA Growing the market for LNG to Power (L2P) Projects through the Conversion of Existing LNG Carriers Nor Aslam Khan Director

More information

LNG MARKET TRENDS AND OPPORTUNITIES IN LNG SUPPLY CHAIN

LNG MARKET TRENDS AND OPPORTUNITIES IN LNG SUPPLY CHAIN LNG MARKET TRENDS AND OPPORTUNITIES IN LNG SUPPLY CHAIN LNG SEMINAR PETROLEUM INSTITUTE OF PAKISTAN MAY 23, 2016 ISLAMABAD No part of this presentation may be circulated, quoted, or reproduced for distribution

More information

Höegh LNG - the FSRU provider. 1Q 2018 Presentation of financial results 31 May 2018

Höegh LNG - the FSRU provider. 1Q 2018 Presentation of financial results 31 May 2018 Höegh LNG - the FSRU provider 1 1Q 2018 Presentation of financial results 31 May 2018 Forward looking statements This presentation contains forward-looking statements which reflects management s current

More information

Global LNG Supply and Demand All Planned Supply

Global LNG Supply and Demand All Planned Supply Global LNG Supply and Demand All Planned Supply Global LNG Supply and Demand Likely Supply Core Asian Markets LNG Supply and Demand LNG Market Update Carlos Wheelock Vice President: Commercial Strategy

More information

T E E K A Y L N G P A R T N E R S L P. Teekay LNG Partners. (and LNG Market Update) June 23,

T E E K A Y L N G P A R T N E R S L P. Teekay LNG Partners. (and LNG Market Update) June 23, T E E K A Y L N G P A R T N E R S L P Teekay LNG Partners (and LNG Market Update) June 23, 2009 Forward Looking Statements This presentation contains forward-looking statements (as defined in Section 21E

More information

Introduction. FLNG: Costs and Cost Drivers. What is FLNG (and what isn t) FLNG Project Costs

Introduction. FLNG: Costs and Cost Drivers. What is FLNG (and what isn t) FLNG Project Costs Introduction With the LNG sector set for unprecedented growth, but with gas prices globally under pressure from both low oil prices and a very competitive supply situation, project developers are looking

More information

Marine Service GmbH LNG. Technical Services. Commercial Advisory Services. Offshore Wind Power. Siemens presspicture. Pioneering Solutions

Marine Service GmbH LNG. Technical Services. Commercial Advisory Services. Offshore Wind Power. Siemens presspicture. Pioneering Solutions LNG Marine Service GmbH Technical Services Commercial Advisory Services Offshore Wind Power Siemens presspicture Pioneering Solutions LNG Since the 1960 s Marine Service has been involved in the LNG business

More information

LNG Import Terminals: Challenges and Opportunities

LNG Import Terminals: Challenges and Opportunities LNG Import Terminals: Challenges and Opportunities 13 th October 2016 Mangesh Patankar Head of Business Development (Asia Pacific), Galway Group www.galwaygroup.com 1 Galway Group has been actively involved

More information

KOGAS s Technical Capability and Plan on Off-shore Plant Business

KOGAS s Technical Capability and Plan on Off-shore Plant Business KOGAS s Technical Capability and Plan on Off-shore Plant Business 2017. 11. 1 Tony S. H. Kim Off-Shore Plant Development Team Overseas Plant Business Group Korea Gas Corporation. All rights Reserved Page

More information

Digital Ship Singapore 2015

Digital Ship Singapore 2015 Digital Ship Singapore 2015 MEng. Jasper Meireman Business performance improvement by means of an integrated shipmanagement system Singapore 14/10/2015 Company presentation Our History Boelwerf shipyard

More information

An innovator in floating assets

An innovator in floating assets An innovator in floating assets When innovation meets partnership, good becomes great EXMAR Ship Management is a successful and innovative maritime and offshore asset management business. Our know-how

More information

LNG Import Facility Infrastructure Options

LNG Import Facility Infrastructure Options LNG Import Facility Infrastructure Options Mangesh Patankar (Head of Business Development Galway Group) 28 th April 2016 www.galwaygroup.com Agenda Introduction to Galway Group Types of Regas terminals

More information

Samsung Heavy Industries

Samsung Heavy Industries Samsung Heavy Industries March 2011 Contents Company Overview Global Markets Future Strategy Stena Drillmax (219m 42m 19) HEAVY INDUSTRIES Company Overview Business Highlights Order & Backlog Risk Management

More information

Small Scale LNG From Concept to Reality. Chris Johnson, General Manager, LNG New Markets, Shell

Small Scale LNG From Concept to Reality. Chris Johnson, General Manager, LNG New Markets, Shell Small Scale LNG From Concept to Reality Chris Johnson, General Manager, LNG New Markets, Shell 0 Table of Contents Table of Contents... 1 Background... 1 Aims... 4 Methods... 5 Results... 11 Conclusions...

More information

FLNG A Nice Niche? Martin Wilkes

FLNG A Nice Niche? Martin Wilkes FLNG A Nice Niche? Martin Wilkes What we ll cover The space for FLNG in the development arena LNG Market dynamics and how changes may help the development of FLNG Similarities between FLNG and FPSO development

More information

WÄRTSILÄ SHIP POWER JAAKKO ESKOLA SENIOR EVP DEPUTY TO THE CEO PRESIDENT, SHIP POWER

WÄRTSILÄ SHIP POWER JAAKKO ESKOLA SENIOR EVP DEPUTY TO THE CEO PRESIDENT, SHIP POWER WÄRTSILÄ SHIP POWER JAAKKO ESKOLA SENIOR EVP DEPUTY TO THE CEO PRESIDENT, SHIP POWER 1 / Doc.ID: Revision: Status: The most complete Marine Offering on earth 2 / Doc.ID: Revision: Status: Market trends

More information

Corporate Presentation. DNB Bergen. 30 October 2018

Corporate Presentation. DNB Bergen. 30 October 2018 Corporate Presentation DNB Bergen 30 October 2018 1 Market for seaborne LNG transport is maturing From point-to-point utility business to global tradeable commodity business LNG 1.0 LNG 2.0 LNG 3.0 1960s

More information

Samsung Heavy Industries. MOJAH 266K LNG Carrier (332m 54m 27m)

Samsung Heavy Industries. MOJAH 266K LNG Carrier (332m 54m 27m) Samsung Heavy Industries MOJAH 266K LNG Carrier (332m 54m 27m) Jun 212 Contents Company Overview Global Markets Future Strategy Stena Drillmax (219m 42m 19) Company Overview Business Highlights Order &

More information

Floating LNG: Origins and Future Impact on the LNG Industry

Floating LNG: Origins and Future Impact on the LNG Industry Floating LNG: Origins and Future Impact on the LNG Industry SPE Gulf Coast Region Ing. Paul Sullivan SVP Global LNG + FLNG - Worley Parsons 13 th July 2016 WP LNG Centres Vancouver LNG Marine I&E Houston

More information

small to mid-scale LNG solutions LNG-TO-POWER

small to mid-scale LNG solutions LNG-TO-POWER small to mid-scale LNG solutions LNG-TO-POWER strong partnership between sister companies LNG-TO-POWER Combining small to mid-scale LNG Floating Storage and Regasification Units (FSRU) with floating power

More information

Teekay Partnerships TEEKAY CORPORATION

Teekay Partnerships TEEKAY CORPORATION // Teekay Partnerships Wells Fargo MLP Conference - December 10, 2013 TEEKAY CORPORATION Teekay Group Corporate and Asset Structure GP TEEKAY CORP. ( Teekay Parent ) NYSE: TK Project Developer Market Cap:

More information

2 nd Mare Forum Poland 2017 Sopot, Poland, 16 th May 2017 The Polish Excellence, What can the Polish Maritime Industry do for international shipping

2 nd Mare Forum Poland 2017 Sopot, Poland, 16 th May 2017 The Polish Excellence, What can the Polish Maritime Industry do for international shipping 2 nd Mare Forum Poland 2017 Sopot, Poland, 16 th May 2017 The Polish Excellence, What can the Polish Maritime Industry do for international shipping - Meet the Polish Maritime Industry Industry Trends

More information

LNG supply Chain From the LNG receiving terminal to the LNG truck TrainMoS II

LNG supply Chain From the LNG receiving terminal to the LNG truck TrainMoS II LNG supply Chain From the LNG receiving terminal to the LNG truck TrainMoS II Madrid, November 4 th 2015 Jesus Losada Maseda (Project Manager) Laurent Moriceau (European Affairs) Index: Company presentation

More information

3rd FSRU & SMALL SCALE LNG SHIPPING FORUM 2018

3rd FSRU & SMALL SCALE LNG SHIPPING FORUM 2018 PUSHING FORWARD WITH THE COMMERCIALIZATION OF FSRUS TO SUPPORT SMALL SCALE DISTRIBUTION FOR POWER GENERATION AND INDUSTRIES Media Partners: Organizers: Managed By: Supporting Partner: SMALL SCALE DISTRIBUTION

More information

4 TH GAS FORUM. Jean Jaylet, Senior Vice President Strategy, Markets & LNG. May 30 th, 2016

4 TH GAS FORUM. Jean Jaylet, Senior Vice President Strategy, Markets & LNG. May 30 th, 2016 4 TH GAS FORUM Jean Jaylet, Senior Vice President Strategy, Markets & LNG May 30 th, 2016 THE LNG MARKET TODAY 2005: 143 MT 13 exporters 15 importers ~60 flows 2015: 250 MT 19 exporters 34 importers ~160

More information

BC Gas Exports and LNG Shipping: Unlocking the Export Potential

BC Gas Exports and LNG Shipping: Unlocking the Export Potential BC Gas Exports and LNG Shipping: Unlocking the Export Potential Christian Waldegrave Manager, Research, Strategic Development Tony Bingham Director, Business Development & Technology, Strategic Development

More information

The Evolving Global LNG Industry South Africa Gas Options, Cape Town, 3 rd 5 th October 2016

The Evolving Global LNG Industry South Africa Gas Options, Cape Town, 3 rd 5 th October 2016 The Evolving Global LNG Industry South Africa Gas Options, Cape Town, 3 rd 5 th October 2016 John Mauel Head of Energy Transactions, United States Norton Rose Fulbright US LLP An industry in transformation

More information

member of the TSAKOS GROUP of companies

member of the TSAKOS GROUP of companies member of the TSAKOS GROUP of companies The Tsakos Group - Preview and History Group Structure Range of Activities Global Presence Our Office Locations Our Fleet Profile CYnergy Action Connecting Europe

More information

LNG AS FUEL: THE TIPPING POINT?

LNG AS FUEL: THE TIPPING POINT? LNG AS FUEL: THE TIPPING POINT? LONDON, 19 th April 2018 LNG-as-a-fuel : an energy transition for the shipping industry Compelling environmental performance World fleet of merchant ships Around 27,000

More information

LNG and storage strategy - follow-up study - Final Presentation 27 September 2017 Jalil Jumriany Energy Markets Global Limited

LNG and storage strategy - follow-up study - Final Presentation 27 September 2017 Jalil Jumriany Energy Markets Global Limited LNG and storage strategy - follow-up study - Final Presentation 27 September 2017 Jalil Jumriany Energy Markets Global Limited LNG and storage strategy - follow-up study - LNG: Main Findings LNG: Main

More information

Höegh LNG The floating LNG services provider. Company and Market Update May 2012

Höegh LNG The floating LNG services provider. Company and Market Update May 2012 Höegh LNG The floating LNG services provider Company and Market Update May 2012 Forward looking statements This presentation contains forward-looking statements which reflects management s current expectations,

More information

Floating offshore gas units

Floating offshore gas units Floating offshore gas units FEASIBILITY, safety and performance Flexible solutions for the LNG Growing demand for natural gas is industry leading producers to seek safe, flexible solutions for exploiting

More information

EXMAR LNG. Company Profile. From shipbuilder to an innovative shipowner. Exmar offices worldwide. Exmar group overview

EXMAR LNG. Company Profile. From shipbuilder to an innovative shipowner. Exmar offices worldwide. Exmar group overview Exmar group overview EXMAR Emship Strategic Advisory Board 2/3 December 2010 From shipbuilder to an innovative shipowner Company Profile BOELWERF EXMAR 1828 Creation of BOELWERF 1978 Delivery LNG carrier

More information

Michel van Roozendaal, President, MacGregor. Performing in challenging market conditions

Michel van Roozendaal, President, MacGregor. Performing in challenging market conditions Michel van Roozendaal, President, MacGregor Performing in challenging market conditions Performance a solid base for continued industry leadership Successfully defending profitability levels Continuing

More information

COMPASS ENERGY TRACK RECORD

COMPASS ENERGY TRACK RECORD Jack Up Barge JB118 Abu Dhabi 2 Months TLQ Mobilisation Assistance 2015 LNG Easy Pte Ltd --- / China 7 Months Pre-FEED of FSU & LNG Regas Projects 2015 SAJ SAJ Technical Services (M) Sdn Bhd D18 - Halcyon

More information

Kanfer Shipping A small scale LNG infrastructure company. Copyright Kanfer Shipping AS, January 2016

Kanfer Shipping A small scale LNG infrastructure company. Copyright Kanfer Shipping AS, January 2016 Kanfer Shipping A small scale LNG infrastructure company, January 2016 Company Overview Kanfer Shipping - ship owner and operator Kanfer Shipping is a Norwegian registered limited company established in

More information

Innovative solutions for LNG carriers. A classification society view.

Innovative solutions for LNG carriers. A classification society view. Innovative solutions for LNG carriers. A classification society view. International LNG Congress - London 14 th March 2016 Carlos GUERRERO Business Development Manager Oil Tankers and Gas Carriers Bureau

More information

The FLNG Industry Overview 2016

The FLNG Industry Overview 2016 The FLNG Industry Overview 2016 By Richard Pain, Digital Content Editor, FPSO Network An outsider to the industry could be forgiven for thinking that the FLNG market was in dire straights. Every month

More information

LNG PUMPS FOR FLOATING STORAGE AND REGAS UNIT

LNG PUMPS FOR FLOATING STORAGE AND REGAS UNIT 4661 Eaker Street North Las Vegas, Nevada, 89081 USA Tel: +1 702 643 4900 Fax: +1 702 643 0391 nci.marketing@nikkisocryo.com http://www.nikkisocryo.com 1 Introduction. Lower capital costs, shorter on-stream

More information

Eduardo Perez

Eduardo Perez JUSTIFYING SMALL LNG SHIPPING FOR INTER-ISLAND TRANSPORTATION AND DISTRIBUTION: FACTORS AND PRACTICAL APPLICATIONS FOR A BUSINESS CASE Eduardo Perez www.small-lng.com small-lng.com 1 Intro Why me? Dow

More information

Natural Gas Facts & Figures. Section 3: LNG

Natural Gas Facts & Figures. Section 3: LNG Natural Gas Facts & Figures Section 3: LNG September 214 3. LNG Trade movements Terminals for import, terminals for exports Liquefaction, regazeification LNG Fleet Sources : Total LNG group, PGCD special

More information

sponsorship opportunities

sponsorship opportunities The LNG World Shipping Ship/Shore Interface conference 11-12 May 2016, London sponsorship opportunities www.lngconference.com official publication organised by About LNG World Shipping 16,000 pass-along

More information

Offshore Oil and Gas Market. IMSF, Høvik

Offshore Oil and Gas Market. IMSF, Høvik Offshore Oil and Gas Market IMSF, Høvik 22.05.2012 Agenda Global demand and oil price Why go offshore? Key offshore regions Offshore fleet 2 Global Supply and Demand growth is expected Long term growth

More information

Trends In LNG Carriers and FSRUs 7 September 2017, Alexandroupolis Paul Wogan, CEO GasLog Ltd

Trends In LNG Carriers and FSRUs 7 September 2017, Alexandroupolis Paul Wogan, CEO GasLog Ltd Trends In LNG Carriers and FSRUs 7 September 2017, Alexandroupolis Paul Wogan, CEO GasLog Ltd Forward-Looking Statements 2 All statements in this presentation that are not statements of historical fact

More information

North American LNG 2006

North American LNG 2006 Market and technology analysis Our ability to expand our use of liquefied natural gas is limited because today we have just five receiving terminals around the United States. - George W. Bush US President

More information

GAZOCEAN Pioneer in Maritime Transportation of Liquefied gas

GAZOCEAN Pioneer in Maritime Transportation of Liquefied gas GAZOCEAN Pioneer in Maritime Transportation of Liquefied gas AFG méditerranée GAZOCEAN 23 Mai 2014 Introduction to GAZOCEAN January 2014 This presentation is not to be reproduced without the permission

More information

SHIP POWER: RESILIENCE IN DEMANDING MARKETS

SHIP POWER: RESILIENCE IN DEMANDING MARKETS SHIP POWER: RESILIENCE IN DEMANDING MARKETS Jaakko Eskola, President, Ship Power & Senior Executive Vice President 1 The most complete marine offering on earth 2 Strategic focus Ship Power s strategic

More information

Floating LNG Business A breakthrough in offshore gas monetization

Floating LNG Business A breakthrough in offshore gas monetization Floating LNG Business A breakthrough in offshore gas monetization LNG Malaysia Forum 2013 19-21 March, Kuala Lumpur Allan Magee, Ph.D. R&D Manager, Offshore Product Line and Technologies, Technip Geoproduction

More information

Investor Presentation

Investor Presentation Investor Presentation First nine months 2017 activity update October 18, 2017 Disclaimer This document is strictly confidential. Any unauthorised access to, appropriation of, copying, modification, use

More information

Immediate & Future LNG Opportunities in the Midstream; Reviewing Innovative

Immediate & Future LNG Opportunities in the Midstream; Reviewing Innovative 17 th INTERNATIONAL CONFERENCE & EXHIBITION ON LIQUEFIED NATURAL GAS (LNG 17) 17 th INTERNATIONAL CONFERENCE & EXHIBITION ON LIQUEFIED NATURAL GAS (LNG 17) Immediate & Future LNG Opportunities in the Midstream;

More information

Gear Units for LNG Carriers Dual-Fuel/Electric Propulsion

Gear Units for LNG Carriers Dual-Fuel/Electric Propulsion Gear Units for LNG Carriers Dual-Fuel/Electric Propulsion RENK - Leading Propulsion Technology Customized gear units for LNG carriers Dual-fuel/electric propulsion RENK marine gear units from Rheine #1

More information

Explanation by the CEO and Major Q&A

Explanation by the CEO and Major Q&A October 31, 2018 Mitsui O.S.K. Lines, Ltd. Explanation by the CEO and Major Q&A [Overall] As you know, the new container shipping joint venture Ocean Network Express (ONE) launched its service in April

More information

MARITIME EMPLOYMENT REVIEW

MARITIME EMPLOYMENT REVIEW MARITIME EMPLOYMENT REVIEW Technical Shipping April 2010 Introduction PEOPLE CHANGE JOBS FOR ONE OF TWO REASONS: SOMETHING CHANGED OR SOMETHING DIDN T Mark Charman - Group CEO The market for technical

More information

Product Line FGS FLOATING GAS SOLUTIONS OVERVIEW

Product Line FGS FLOATING GAS SOLUTIONS OVERVIEW Project Discipline Product Line FGS FLOATING GAS SOLUTIONS OVERVIEW FLOATING GAS SOLUTIONS AT A GLANCE SBM Offshore offers a catalogue of solutions, spanning the entire floating gas value chain, from small

More information

Floating LNG 27 May David K. Jordan, Clarkson Research Services Limited

Floating LNG 27 May David K. Jordan, Clarkson Research Services Limited Floating LNG David K. Jordan, Clarkson Research Services Limited research.crs@clarksons.com www.clarksons.com About Clarkson Group Broking Clarksons shipbroking services are unrivalled: for the number

More information

Management Plan. 28th April 2017

Management Plan. 28th April 2017 Management Plan 28th April 2017 0 Management Plan Management Policy: C-1:Review: Business environmental Changes C-2:Review: Business Assessment C-3:Strengths: Analysis based on Historical Perspective C-4:Corporate

More information

American Institute of Marine Underwriters

American Institute of Marine Underwriters American Institute of Marine Underwriters State of the LNG Industry: A Class Perspective William J. Sember Vice President, Energy Development ABS New York City 30 September 2005 1 Overview Ship Capacity

More information

LNG SECTOR REPORT The recovery is happening

LNG SECTOR REPORT The recovery is happening EQUITY RESEARCH 8 September 216 Research report prepared by DNB Markets, a division of DNB Bank ASA LNG SECTOR REPORT The recovery is happening We have only made marginal adjustments to our LNG outlook,

More information

Gastech LPG & Petrochemical Shipping: Current Status & Outlook. A better market, but for how long?

Gastech LPG & Petrochemical Shipping: Current Status & Outlook. A better market, but for how long? Gastech 25 LPG & Petrochemical Shipping: Current Status & Outlook A better market, but for how long? Nicola Williams Gas & Chemicals Division Clarksons Gastech 25 Overview of the LPG Carrier Fleet It is

More information

Stratégies d investissement et de portefeuille GNL Laurent Vivier Directeur du Gaz TOTAL

Stratégies d investissement et de portefeuille GNL Laurent Vivier Directeur du Gaz TOTAL Stratégies d investissement et de portefeuille GNL Laurent Vivier Directeur du Gaz TOTAL MARKET OUTLOOK WORLD GAS DEMAND World gas demand in WEO-2017 scenarios Gboe Transport 1,4% Others 12% 35 CAGR 2016-35:

More information

Development of the Domestic LNG Value Chain and Infrastructure in Indonesia

Development of the Domestic LNG Value Chain and Infrastructure in Indonesia Development of the Domestic LNG Value Chain and Infrastructure in Indonesia James Brown Regional LNG and Gas Consulting Manager 1 SAFER, SMARTER, GREENER DNVGL Global network through local support 2 Existing

More information

Membrane containment system in case of collision

Membrane containment system in case of collision Membrane containment system in case of collision Intertanko GTC IV Singapore, 12 th of October 2017 Disclaimer This document is strictly confidential. Any unauthorised access to, appropriation of, copying,

More information

TEEKAY LNG PARTNERS Q EARNINGS AND BUSINESS OUTLOOK PRESENTATION February 18, 2016

TEEKAY LNG PARTNERS Q EARNINGS AND BUSINESS OUTLOOK PRESENTATION February 18, 2016 TEEKAY LNG PARTNERS Q4-2015 EARNINGS AND BUSINESS OUTLOOK PRESENTATION February 18, 2016 Forward Looking Statement This presentation contains forward-looking statements (as defined in Section 21E of the

More information

Management Plan Rolling Plan 2018

Management Plan Rolling Plan 2018 Management Plan Rolling Plan 2018 April 27, 2018 Mitsui O.S.K. Lines, Ltd. Mitsui O.S.K. Lines, Ltd. All Rights Reserved. / 転載はご遠慮ください 1 Medium- and Long-term Profit Levels, etc. (Continued from RP2017)

More information

THE TRANSFER OF LNG IN OFFSHORE CONDITIONS. SAME SONG NEW SOUND

THE TRANSFER OF LNG IN OFFSHORE CONDITIONS. SAME SONG NEW SOUND THE TRANSFER OF LNG IN OFFSHORE CONDITIONS. SAME SONG NEW SOUND Leendert Poldervaart Business Development Manager James Ellis Business Development Manager Single Buoy Moorings Gas Business Development

More information

Company Presentation. 26 April April

Company Presentation. 26 April April Company Presentation 26 April 2017 April 2017 1 Disclaimer THIS PRESENTATION (THE PRESENTATION ) HAS BEEN PRODUCED BY FLEX LNG LTD. ("FLEX LNG" OR "THE COMPANY ), SOLELY FOR PRESENTATION PURPOSES AND DOES

More information

Pricing a Recovery: What will Drive the Next Stage of the Asset Price Cycle?

Pricing a Recovery: What will Drive the Next Stage of the Asset Price Cycle? Pricing a Recovery: What will Drive the Next Stage of the Asset Price Cycle? Dr Adam Kent - Maritime Strategies International (MSI) 15th Annual Marine Money Week Asia Singapore September 20 th to 21 st

More information

A possible roadmap for LNG as fuel in Italy;

A possible roadmap for LNG as fuel in Italy; How to learn from existing experiences in Northern Europe Port & Shipping Tech, 5th Edition, Genoa Mohamed HOUARI, mohamed.houari@dnv.com Agenda Global Market Perspective: LNG as fuel development EU Plans

More information

GREEN SHIPPING SUMMIT 2015 LNG CHAIN: OPPORTUNITIES & LIMITS

GREEN SHIPPING SUMMIT 2015 LNG CHAIN: OPPORTUNITIES & LIMITS GREEN SHIPPING SUMMIT 2015 LNG CHAIN: OPPORTUNITIES & LIMITS Marco A.G. Golinelli WÄRTSILÄ ITALIA ENERGY SOLUTIONS Introduction Wärtsilä Corporation LEADER IN Solutions for 19,000 professionals Power Generation

More information