Corporate Presentation April 2018
|
|
- Cecil Sutton
- 6 years ago
- Views:
Transcription
1 Corporate Presentation April 2018
2 Disclaimer and forward-looking statements This presentation includes forward-looking statements within the meaning of Private Securities Litigation Reform Act of All statements other than statements of historical fact contained in this presentation, including statements regarding the future results of operations and financial position of NextDecade Corporation ( NextDecade or the Company ), its strategy and plans, and its expectations for future operations, are forward-looking statements. The words anticipate, contemplate, estimate, expect, project, plan, intend, believe, may, might, will, should, can have, likely, continue, design and other words and terms of similar expressions, are intended to identify forward-looking statements. The Company has based these forward-looking statements largely on its current expectations and projections about future events and trends that it believes may affect its financial condition, results of operations, strategy, short-term and long-term business operations and objectives and financial needs. Actual results could differ from those expressed in its forward-looking statements. The Company s future financial position and results of operations, as well as any forward-looking statements are subject to change and inherent risks and uncertainties, including those described in the section entitled Risk Factors in its Annual Report on Form 10-K as well as other filings the Company has made and will make with the Securities and Exchange Commission (the SEC ) which, after their filing, can be found on the Company s website, You should consider the Company s forward-looking statements in light of a number of factors that may cause actual results to vary from its forward-looking statements, including, but not limited to: the Company s ability to maintain the listing of its securities on a securities exchange or quotation medium; changes adversely affecting the business in which the Company is engaged; management of growth; general economic conditions; the Company s development of liquefied natural gas ( LNG ) liquefaction and export projects; the Company s ability to secure additional debt and equity financing in the future to complete the terminal at the Port of Brownsville in southern Texas (the Terminal ) and an associated 137-mile pipeline to supply gas to the Terminal (the Pipeline, and together with the Terminal, the Project ); the accuracy of estimated costs for the Project; the governmental approval of construction and operation of the Project; the successful completion of the Project by third-party contractors; the Company s ability to generate cash; the development risks, operational hazards, regulatory approvals applicable to the Terminal s and the Pipeline s construction and operations activities; the Company s anticipated competitive advantage; the global demand for and price of natural gas (versus the price of imported LNG); the availability of LNG vessels worldwide; legislation and regulations relating to the LNG industry; negotiations for the Terminal site lease and right-of-way options for the Pipeline route; compliance with environmental laws and regulations; or the result of future financing efforts. The forward-looking statements contained in this presentation are made as of the date of this presentation and you should not rely on forward-looking statements as predictions of future events. In addition, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. Except as required by applicable law, the Company does not undertake any obligation to publicly correct or update any forward-looking statements. All forward-looking statements attributable to the Company are expressly qualified in their entirety by these cautionary statements as well as others made in this presentation, the Company s most recent Annual Report on Form 10-K, and in its other filings and public communications. You should evaluate all forward-looking statements made by the Company in the context of these risks and uncertainties. 1
3 About us NextDecade is a liquefied natural gas development company focused on LNG export projects and associated pipelines in Texas (USA)
4 Experienced leadership team Matt Schatzman President & Chief Executive Officer BG Group: EVP, Global Energy Marketing & Shipping Dynegy, Inc.: President & CEO, Energy Convergence René van Vliet Chief Operating Officer Royal Dutch Shell: VP, Global LNG, Gas & Power Shell International: Project Manager Ben Atkins Chief Financial Officer GE Capital & GE Financial Services: Senior Vice President United States Navy: Lieutenant, Submarine Officer Krysta De Lima General Counsel Bechtel: Senior Counsel, Oil, Gas & Chemicals BG Group: Chief of Staff & VP, Legal, Trinidad Asset Eric Garcia Chief Accounting Officer KPMG: Managing Director, Audit KPMG: Senior Manager, Audit Alfonso Puga SVP, LNG Marketing Europe & South America PetroChina: Global Head of LNG Trading Union Fenosa Gas: Manager, Gas Procurement & Trading Shaun Davison SVP, Development & Regulatory Affairs Excelerate Energy: Director, Business Development Teekay Shipping: Director, LNG Terminals James MacTaggart SVP, LNG Marketing Asia Shell: General Manager, New Gas & LNG Markets Asia Shell: Lead Negotiator, LNG Supply Patrick Hughes VP, Corporate Strategy & Investor Relations Height Securities: Partner, Investment Banking & Advisory FBR & Co.: Senior Associate, Energy & Natural Resources Kevin Hyatt VP, Gas Supply & Transportation Energy Transfer Partners: VP, Business Development Transwestern: VP, Commercial & Business Development Raquel Couri VP, Human Resources & Administration BG Group: Head of Human Resources, GEMS BG Group: Head of Human Resources, Latin America Chris Migura Deputy General Counsel Occidental Petroleum: Assistant General Counsel BG Group: Chief Counsel, Global LNG 3
5 World class partners 4
6 mtpa Significant LNG demand growth by 2025 Global demand has grown by nearly 19% since 2015; we expect growth to continue at an 8% CAGR to 2025 We anticipate global LNG demand will exceed available supply by 150 mtpa by 2025 (30+ new trains) Investment in new liquefaction capacity must be made to alleviate the projected supply gap We expect two-thirds of the supply shortfall will be supplied by North America, with the majority coming from new capacity built on the Gulf Coast of the United States % Global LNG Demand Growth Since North America, Esp. U.S. Gulf Coast Ex-North America 2/3 1/ e.g. Mozambique, Qatar, PNG Expansion, etc E Supply Sources: Wood Mackenzie, GIIGNL (Historical Figures); NextDecade Estimates using data from Wood Mackenzie, GIIGNL, International Gas Union (Projections) 5
7 Historical natural gas pricing (2000 present) Significant U.S.-Asia spreads drove U.S. first wave LNG contracts After several years of collapsed spreads ( ), Asian and European prices are strengthening (2018) Spreads are showing signs of moderate widening, supporting interest in second wave U.S. LNG projects $18 $16 Notes United States Europe Japan $14 $12 > U.S.: Henry Hub Spot Price > Europe: Average import border price, incl. U.K. post-march 2010 > Japan: Average import price (JLC, Japan LNG Cocktail) $10 $8 $6 $4 $2 $ Source: The World Bank, Development Prospects Group, Global Economic Monitoring 6
8 Rio Grande LNG Location & Site Brownsville, Texas, USA 984-acre site Optimally located in the Port of Brownsville PERMIAN ANADARKO BARNETT EAGLE FORD FAYETTEVILLE HAYNESVILLE GULF of MEXICO Capacity 27 mtpa (6 x 4.5 mtpa trains) Storage 4 x 180,000m 3 full containment LNG tanks Marine Facilities Deepwater port access with supporting marine infrastructure Two marine jetties, berth pocket, turning basin Feed Gas Permian Basin and Eagle Ford Shale Low Cost Lower Risk Optimal Location EPC Cost (Est.) 3- or 6-Train: $490/ton ($450 target) 2-Train: $535/ton ($500 target) Artist rendering 7
9 Project progress Regulatory DOE Application: December 2015 FERC Application: May 2016 Next Up: Notice of Schedule and Draft Environmental Impact Statement (EIS) Final EIS expected in 2H 2018 Approval to construct and operate expected in early 2019 EPC Lump Sum Turnkey (LSTK) EPC contract expected in 2Q 2018 Updated FEED completed reaffirming market-leading EPC cost estimates Commercial Opened offices in Singapore and Beijing to serve customers throughout Asia Added key LNG marketing personnel in certain of the largest and fastest growing markets Expanded U.S. gas supply and transportation expertise FID to occur by 1H 2019 to meet 2023 commercial deliveries 8
10 Market-leading EPC costs and lower risk Technology Proven: Air Products C3MR liquefaction, GE rotating equipment, ABB automation system Reliable: Large-scale, fit-for-purpose design minimizes cost and execution risk Design Basis: Peru LNG (400+ cargoes since 2010) Enhanced: Updated FEED incorporates identified cost reduction and value improvement initiatives CB&I Experience: Multiple projects with similar technology and lessons learned Continuity: Same firm for FEED and EPC reduces hand-off uncertainty Process: Open-Book Estimate (OBE) fosters collaboration and cost transparency Scalable Initial: 2 trains at market-leading EPC costs of $535/ton ($500 target) (Est.) Optimal: 3 or 6 trains at $490/ton ($450 target) (Est.) 9
11 Per Train EPC Cost Estimates $/ton EPC costs per phase $600 Bottom line, there is a clear cost benefit from a step down in common infrastructure needs NextDecade has a clear advantage in coming to the market with a competitive rate -- Bank of America Merrill Lynch April 17, 2018 [Rio Grande LNG] offers the lowest EPC cost structure [and provides] cost effectiveness even before scaling to full development and flexibility to be scalable with market demand -- Wells Fargo Securities April 17, 2018 Analyst Corner* $500 $400 $300 Trains 1 & 2 Train 3 Trains 4 & 5 Train 6 $535 Average EPC Cost ($/ton) $490 $508 $490 Storage Tanks 1 & 2 Storage Tanks 3 & 4 Common Infrastructure Jetty 1 Jetty 2 Rio Bravo Pipeline 1 Rio Bravo Pipeline 2 Note: EPC costs are estimates, and do not include owner s engineer, contingency, pipeline, or financing costs. All figures are subject to finalization in NextDecade s EPC contract. No efficiency gains reflected in Trains 4-6. * Analyst quotes are excerpts from research reports. In each case, they were included in coverage initiation reports dated April 17,
12 EPC Cost Estimates $/ton Relative EPC costs: U.S. second wave Rio Grande LNG s 3- and 6-train development cost estimates ($490/ton EPC) are expected to be lower than any other second wave U.S. LNG project s full-scale development costs Likewise, Rio Grande LNG s first phase (2-train) development cost estimates ($535/ton EPC) are expected to be lower than other projects first phase costs $900 $850 $800 Second Wave Projects Rio Grande LNG $750 $700 $650 $600 $550 $500 $450 $400 Rio Grande Rio Grande T1- Magnolia* Driftwood * Golden Pass ^ Driftwood T1- Jordan Cove ^ (Full) * T2 (Phase I) * (Full) T8 (Phase I) * mtpa mtpa Note: NextDecade, LNG Limited, and Tellurian publicly disclose EPC cost estimates. The Golden Pass and Jordan Cove cost estimates are derived from Wood Mackenzie. We assume Wood Mackenzie plant capex data include EPC and non-epc costs. These are reduced by 15% (non-epc estimate) in the above chart to standardize EPC cost comparison across projects. Specifically, Wood Mackenzie cites plant capex as $687/ton and $981/ton for Golden Pass and Jordan Cove, respectively. Adjusted to account for non-epc costs, these are reduced to $597/ton and $853/ton in the above chart. Sources: Wood Mackenzie (^), Company Filings (*), Wells Fargo Securities EPC costs only. Does not include owner s engineer, contingency, pipeline, or financing costs. 11
13 South Texas: Avoiding Calcasieu congestion Low congestion in the Brownsville Ship Channel to benefit Rio Grande LNG Severe congestion on Louisiana s Calcasieu Ship Channel poses risk to multiple projects Texas Brownsville Ship Channel Louisiana Calcasieu Ship Channel LNG Facility Industrial Terminal ~ 7 miles LNG Facility Industrial Terminal ~ 22 miles Distance to: TEXAS RGLNG: 7 Miles LOUISIANA Inland LNG Facilities: 22 Miles Current Traffic: 470 ships p.a. 1,400 ships p.a. Anticipated 2023 Traffic: ~ 600 ships p.a. ~ 2,200 ships p.a. Winter Season Channel Closures (Peak LNG Export): Median 2023 Wait Time: Wind: 3-5% Visibility: 2% Est. limited due to low traffic Wind: 10-16% Visibility: 10-14% 12.4 hours Sources: American Press: August, 6, 2017; Ausenco: Port of Lake Charles, Calcasieu Ship Channel Traffic Study (January 6, 2015); Port of Brownsville reporting and estimates 12
14 Remaining Wellhead Gas (Tcfe) Remaining Wellhead EUR (Bboe) Permian Basin: Superior resource and economics Permian Basin L48 Remaining Resource by Play and Breakeven (PV-10 20:1 HH:WTI) OIL & GAS L48 Remaining Resource by Play and HH Breakeven (PV-10) at $60 WTI GAS The Permian Basin offers the deepest inventory of economic resource in the United States In the past months, the Permian Basin has garnered significant attention and capital Permian Basin economics are driven by the production of oil not by natural gas Texas and New Mexico prohibit long-term flaring of natural gas, so Permian producers must find a market for associated gas to enable oil production The Basin is estimated to hold nearly 500 Tcf or more than 50 years of natural gas at breakevens below $0* This represents a major opportunity for LNG buyers transacting with second wave U.S. LNG projects in Texas Source: RS Energy Group (RSEG) * Assumes Permian natural gas production grows to 25 Bcf/d 13
15 $/acre Horizontal Rigs Permian Basin: Rig counts, capex flow, M&A The Permian Basin has more rigs today than at peak activity levels of 2014 and $100/bbl WTI Operators are allocating more capital to the Permian Basin relative to any other U.S. region The Delaware and the Midland command the highest valuations per acre Delaware-Hz Rigs Midland-Hz Rigs Permian % of Lower 48 Hz Rigs 60% 50% 40% 30% 20% 10% Permian % of Lower 48 Hz Rigs 0 0% Based on terms of Concho Resources acquisition of RSP Permian, as disclosed on March 28, , Acreage Acquisition Cost 50,000 25,000 0 Sources: RS Energy Group (RSEG), Company Disclosures 14
16 Accessing the Permian: Waha to Agua Dulce The Permian Basin is located in West Texas and southeastern New Mexico Rio Grande LNG benefits from its proximity to abundant associated gas in the Permian Basin Pipeline expansion projects from Permian Basin/Waha to Agua Dulce: Kinder Morgan, DCP, Targa: 1.9 Bcf/day Gulf Coast Express (FID December 2017) NAmerico: 1.5 Bcf/day Pecos Trail (Proposed) Other major sponsors likely seeking anchor customers with proposed capacities from Bcf/d Waha Texas Louisiana Permian Gas Takeaway Paths Katy Henry Hub WAHA Carthage Agua Dulce Sources: BTU Analytics, Company Filings 15
17 Discount to Henry Hub $ / MMBtu Bcf/d More gas, more pipelines: The market is East Limited takeaway exists to transport Permian Basin gas to market Mexico does not solve the problem Moving supply East to Agua Dulce or Katy comprise the least expensive and most viable options As many as seven additional pipelines may be needed over the next 10 years to transport gas to the Texas Gulf Coast Existing Capacity Gulf Coast Express New Pipelines East Flow New Pipelines East Gulf Coast Express Existing Capacity Flow $0.00 ($0.50) ($1.00) ($1.50) ($2.00) ($2.50) Waha Basis NYMEX U.S. LNG Second Wave BRG Discount to Henry Hub Sources: New York Mercantile Exchange (NYMEX), Berkeley Research Group (BRG) 16
18 Rio Bravo Pipeline Compressor Station 1 Scope & Distance Twin 42-inch pipelines Three 180,000-hp compressor stations 137 miles from Agua Dulce to Rio Grande LNG terminal Capacity 2 x 2.25 Bcf/d (4.5 Bcf/d total) Compressor Station 2 Scalable Development pace of RGLNG determines pipeline capital expenditures Each pipeline supports three trains at RGLNG Interconnection Eight existing pipelines (6.7 Bcf/d) Expect over 10 Bcf/d of interconnect capacity including planned Waha- AD pipelines Compressor Station 3 Supply Area Agua Dulce poised to attract significant natural gas volumes, including from the Permian Basin Regulatory FERC filings for Rio Bravo Pipeline made in conjunction with those for Rio Grande LNG project 17
19 Projected economics $MM 1 2 Trains 3 Trains 6 Trains Toll Scenario* (Estimates) Liquefaction Fees 2 $ 1,175 $ 1,822 $ 3,878 Marketing Volumes Pipeline Total Revenues 1,548 2,381 4,997 Terminal O&M and CapEx Pipeline Total Expenses Run-Rate EBITDA $ 1,285 $ 2,047 $ 4,352 Notes & Assumptions 1. Estimated run-rate economics (consolidated) presented without inflation for future trains. All amounts in 2023 dollars. EBITDA for FOB contracts not expected to be substantially different given gas procurement and transportation costs to be offset by variable revenue component. 2. Term take-or-pay fees for 4.5 mtpa/train. Trains 1 & 2 average $2.50/MMBtu. Trains 3 & 4 average $2.75/MMBtu. Trains 5 & 6 average $3.00/MMBtu. 3. Higher throughput to be achieved through potential asset optimization prior to substantial completion. 1.0 mtpa per train, average $2.50/MMBtu. 4. Excludes economics related to fuel gas and variable power. Note: EBITDA is a non-gaap measurement defined as net earnings before interest expense, taxes, depreciation and amortization. For purposes of this presentation, maintenance capex is expensed. The Company views EBITDA primarily as a liquidity measure and, as such, believes that the GAAP financial measure most directly comparable to it is cash flows provided by operating activities. Because EBITDA is not a measure of financial performance calculated in accordance with GAAP, it should not be considered in isolation or as a substitute for operating income, net income or loss, cash flows provided by operating, investing and financing activities, or other income or cash flow statement data prepared in accordance with GAAP. Furthermore, because the Company has not forecasted net income or cash flows from operating activities, the Company is unable to reconcile differences between EBITDA and cash flows provided by operating activities. The estimated values set forth herein assume that the Company will achieve its financial projections in all material respects. Such financial projections reflect the Company s best currently available estimates and reflect its good faith judgments. Events and conditions subsequent to this date as well as other factors could have a substantial effect upon the estimated values. The Company gives no assurance that the estimated values will prove to be correct and does not undertake any duty to update them. Please refer to the slide titled Disclaimer and Forward Looking Statements. * Projected economics are presented assuming a tolling scenario for reference purposes. NextDecade expects to sell a significant portion of its LNG free-on-board (FOB). 18
20 Conclusion We have an experienced leadership team 150 mtpa of new LNG capacity must be constructed by 2025 Rio Grande LNG expects to have market-leading costs and lower execution risk than other second wave U.S. LNG projects Rio Bravo Pipeline is designed to afford access to abundant associated gas from the Permian Basin and Eagle Ford Shale NextDecade expects to generate significant value for its customers and shareholders 19
21 Low Cost Lower Risk Optimal Location Experienced Leadership Contact Patrick Hughes Corporate Strategy & Investor Relations T: + 1 (832) E: phughes@next-decade.com NextDecade Corporation 3 Waterway Square Place, Suite 400 The Woodlands, Texas USA
The impact of US LNG on European gas prices
January 2018 The impact of US LNG on European gas prices Increasing US exports of LNG will change how gas prices are determined in Europe Import dependency for the European Union, pushed higher as a result
More informationCHENIERE ENERGY, INC. Louisiana Energy Conference. June 2016
CHENIERE ENERGY, INC. Louisiana Energy Conference June 2016 Forward Looking Statements This presentation contains certain statements that are, or may be deemed to be, forward-looking statements within
More informationROYAL DUTCH SHELL PLC LEADER IN GLOBAL GAS
ROYAL DUTCH SHELL PLC LEADER IN GLOBAL GAS DEFINITIONS AND CAUTIONARY NOTE Resources: Our use of the term resources in this announcement includes quantities of oil and gas not yet classified as Securities
More informationAnadarko LNG and China
Anadarko LNG and China Scott Moore Vice President Worldwide Marketing US-China Oil and Gas Industry Forum September 26, 2014 Regarding Forward-Looking Statements and Other Matters This presentation contains
More informationApril 9, 2015 The LNG Export Review Process: A Projectby-Project
April 9, 2015 The LNG Export Review Process: A Projectby-Project Analysis for April What's Happening: Royal Dutch Shell announced a deal yesterday to buy BG Group, a move that will make Shell a major competitor
More information17 th INTERNATIONAL CONFERENCE & EXHIBITION ON LIQUEFIED NATURAL GAS (LNG 17)
17 th INTERNATIONAL CONFERENCE & EXHIBITION ON LIQUEFIED NATURAL GAS (LNG 17) 17 th INTERNATIONAL CONFERENCE & EXHIBITION ON LIQUEFIED NATURAL GAS (LNG 17)
More informationNEXUS Gas Transmission
NEXUS Gas Transmission Bringing New Supplies to Market Ohio Manufacturers Association - October 2012 Agenda Project Introduction Utica and Marcellus Gas Supply Michigan and Ontario Markets Conclusion &
More informationThe Shale Invasion: Will U.S. LNG Cross the Pond? New terminals ramp up exports.
? The Shale Invasion: Will U.S. LNG Cross the Pond? New terminals ramp up exports. Morningstar Commodities Research 6 December 2016 Sandy Fielden Director, Oil and Products Research +1 512 431-8044 sandy.fielden@morningstar.com
More informationLNG Impact on U.S. Domestic Natural Gas Markets
LNG Impact on U.S. Domestic Natural Gas Markets Disclaimer This presentation contains statements about future events and expectations that can be characterized as forward-looking statements, including,
More informationRio Grande LNG Project and Marine Considerations Marine Technology Society Houston Section August 24, 2017
Rio Grande LNG Project and Marine Considerations Disclaimer and Forward Looking Statements The information provided in this Presentation with respect to NextDecade Corporation and its affiliates (the Company
More informationLNG Projects Development of the Future
LNG Projects Development of the Future Gastech, 7 th of April 2017 Hilary Mercer VP Integrated Gas Projects and Executive Director Prelude 1 Definitions & cautionary note The companies in which Royal Dutch
More informationScotia Howard Weil Energy Conference
Scotia Howard Weil Energy Conference Occidental Petroleum March 27, 2018 Vicki Hollub Chief Executive Officer Cautionary Statements Forward-Looking Statements This presentation contains forward-looking
More informationNational Association of Publicly Traded Partnerships MLP Conference Presentation New York, New York May 21, 2008
National Association of Publicly Traded Partnerships MLP Conference Presentation New York, New York May 21, 2008 Safe Harbor Statement Some of the statements in this document concerning future company
More informationNatural Gas: Challenges for the Industry, the LNG Chain, and Implications for Market Structure
27 September 216 Algiers Natural Gas: Challenges for the Industry, the LNG Chain, and Implications for Market Structure Plenary Session 2 Introduction Market context Session objectives Low gas prices across
More informationProspects for unconventional natural gas supply in Asia
Perth, 16 February 2016 Prospects for unconventional natural gas supply in Asia Roberto F. Aguilera Background Expansion of natural gas share in primary energy mix, especially Asia Gas demand is dominated
More informationDTE Energy Barnett Shale Overview. April 6, 2006
DTE Energy Barnett Shale Overview April 6, 2006 Safe Harbor Statement The information contained herein is as of the date of this presentation. DTE Energy expressly disclaims any current intention to update
More informationTEEKAY 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 informationCHENIERE ENERGY, INC. CLARKSONS PLATOU ENERGY & SHIPPING CONFERENCE. January 2016
CHENIERE ENERGY, INC. CLARKSONS PLATOU ENERGY & SHIPPING CONFERENCE January 2016 Forward Looking Statements This presentation contains certain statements that are, or may be deemed to be, forward-looking
More informationAn Update on the Technical and Commercial Prospects for CCS
An Update on the Technical and Commercial Prospects for CCS Angus Gillespie Vice President CO 2 Shell Global Solutions NL Carbon Capture and Storage An update on the technical and commercial prospects
More informationLNG strategy and the outlook for global gas markets
LNG strategy and the outlook for global gas markets October 16 th, 2012 Jean-Marie Dauger Executive Vice-president GDF SUEZ The LNG market Strong growth particularly in Asia An LNG market of ~550 Mt in
More informationAES CORPORATION. LNG Review. Aaron Samson Director, LNG Projects
AES CORPORATION LNG Review Aaron Samson Director, LNG Projects December 11, 2006 Safe Harbor Disclosure Certain statements in the following presentation regarding AES s business operations may constitute
More informationLIQUEFIED NATURAL GAS LIMITED
LIQUEFIED NATURAL GAS LIMITED ASX: LNG CNPC HQCEC: Company Making Transaction Liquefied Natural Gas Limited 5 Ord Street West Perth WA 6005 +61 8 9366 3700 www.lnglimited.com.au LNG Limited An Overview
More informationDeveloping and Implementing Floating <Title of Presentation>
17 th INTERNATIONAL CONFERENCE & EXHIBITION ON LIQUEFIED NATURAL GAS (LNG 17) 17 th INTERNATIONAL CONFERENCE & EXHIBITION ON LIQUEFIED NATURAL GAS (LNG 17) Developing and Implementing Floating Regasification
More informationEvaluating the Impacts of Market Shifts on Local Markets and Assets. Ron Norman May 20, 2009
Evaluating the Impacts of Market Shifts on Local Markets and Assets Ron Norman May 20, 2009 Gas market outlooks are only one component of an effective marketing or procurement strategy Agenda Gas Market
More informationCheniere Energy and the LNG Market. NARUC LNG Working Group November 8, 2015 Patricia Outtrim, Vice President, Government and Regulatory Affairs
Cheniere Energy and the LNG Market NARUC LNG Working Group November 8, 2015 Patricia Outtrim, Vice President, Government and Regulatory Affairs Forward Looking Statements 2 This presentation contains certain
More informationInvestor 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 informationLiquefied Natural Gas Limited. ASX RELEASE COMPANY UPDATE 20 May 2013
Liquefied Natural Gas Limited ASX RELEASE COMPANY UPDATE 20 May 2013 Contents Corporate Corporate Status Corporate Strategy Magnolia LNG Project (US) Project Site Description Project Location Project Site
More informationRESPONSE TO SHAREHOLDER RESOLUTION ON CLIMATE CHANGE 2015 AGM 19 MAY 2015 ROYAL DUTCH SHELL PLC
RESPONSE TO SHAREHOLDER RESOLUTION ON CLIMATE CHANGE 2015 AGM 19 MAY 2015 ROYAL DUTCH SHELL PLC 1 DEFINITIONS & CAUTIONARY NOTE Reserves: Our use of the term reserves in this presentation means SEC proved
More informationShort Term Energy Outlook March 2011 March 8, 2011 Release
Short Term Energy Outlook March 2011 March 8, 2011 Release Highlights West Texas Intermediate (WTI) and other crude oil spot prices have risen about $15 per barrel since mid February partly in response
More informationWells Fargo Energy Symposium
Wells Fargo Crude Oil and Condensate Logistics 2014 Energy Symposium and Export Opportunities New Robb York Barnes City Dec. 2014 Senior Vice President Commercial, Crude Oil Houston, TX January 2018 Forward-Looking
More informationNorth American Gas Outlook. Jen Snyder Head of North American Gas Research Wood Mackenzie
North American Gas Outlook Jen Snyder Head of North American Gas Research Wood Mackenzie 2011 Summer Seminar August 1, 2011 End of study area 31 N 32 N $/mmbtu 33 N Resource Doesn t Always Meet Expectations
More informationNatural Gas Market Update
Natural Gas Market Update Bob Yu, Senior Analyst Quantitative Modeling September 2017 Restrictions on Use: You may use the prices, indexes, assessments and other related information (collectively, Data
More informationAegis Logistics Limited
Aegis Logistics Limited Result Presentation Q2 FY16 1 Safe Harbour This presentation and the accompanying slides (the Presentation ), which have been prepared by Aegis Logistics Limited (the Company ),
More informationTennessee Gas Pipeline Co, L.L.C. Northeast Energy and Commerce Association September 27, 2012
Tennessee Gas Pipeline Co, L.L.C. Northeast Energy and Commerce Association September 27, 2012 The Kinder Morgan System 4 th largest energy company in North America Enterprise value ~ $95 billion Largest
More informationToday s Presentation Update on US LNG projects U.S. Gas Market Overview Impact of U.S. LNG on Global LNG Dynamics Sabine Pass First Cargo: 24 th Feb 2
CHENIERE ENERGY, INC. LNG Market Outlook and US LNG s Function - The Perspective from Cheniere IEEJ 2 October 217 Andrew Walker VP Strategy and Communication Today s Presentation Update on US LNG projects
More informationSTRATEGIC WORKFORCE PLANNING AT ROYAL DUTCH SHELL (RDS)
STRATEGIC WORKFORCE PLANNING AT ROYAL DUTCH SHELL (RDS) EAPM Congress Manchester November 2013 Dilek Kizilcik, Taher Ebeid Global Talent Advisor November 2013 3 DEFINITIONS AND CAUTIONARY NOTE The companies
More informationCorporate Presentation November 2017 All amounts in USD unless otherwise stated
Corporate Presentation November 2017 All amounts in USD unless otherwise stated Disclaimer Certain information and statements in this presentation, including all statements that are not historical facts,
More informationPeople Characteristics: A predictor of cyber security incidents?
People Characteristics: A predictor of cyber security incidents? Esther Bongenaar HR Analytics Manager Vasilis Giagkoulas HR Analytics Analyst Copyright of Shell International Shell HR Analytics 6 October
More informationGasLog Ltd. Q Results
GasLog Ltd. Q4 2017 Results 16 February 2018 Forward looking statements 2 All statements in this presentation that are not statements of historical fact are forward-looking statements within the meaning
More informationInvestor Chat Series December 17, Tom O Connor. President & CEO Duke Energy Gas Transmission
Investor Chat Series December 17, 2004 Tom O Connor President & CEO Duke Energy Gas Transmission Safe Harbor Statement Under the Private Securities Litigation Act of 1995 This document contains forward
More informationHydrogen KIVI NIRIA CONGRESS. Eindhoven, 6 th November Dr. Jurgen Louis, Technology Manager Shell Hydrogen. Copyright of Royal Dutch Shell plc 1
Hydrogen KIVI NIRIA CONGRESS Eindhoven, 6 th November 2013 Dr. Jurgen Louis, Technology Manager Shell Hydrogen 1 DEFINITIONS & CAUTIONARY NOTE The companies in which Royal Dutch Shell plc directly and
More informationASX/MEDIA RELEASE 23 APRIL 2015 MAGNOLIA LNG PROJECT TOLLING AGREEMENT UPDATE WITH MERIDIAN LNG
ASX/MEDIA RELEASE 23 APRIL 2015 MAGNOLIA LNG PROJECT TOLLING AGREEMENT UPDATE WITH MERIDIAN LNG The Directors of Liquefied Natural Gas Limited (the Company, ASX Code: LNG) are pleased to advise that its
More informationOxy s Digital Transformation
Oxy s Digital Transformation Occidental Petroleum Corporation September 28, 2017 Richard Jackson Vice President, Investor Relations Yanni Charalambous Vice President, CIO Information Technology David Bowlby
More informationInvestor Presentation. August 2017
Investor Presentation August 2017 Disclaimer Forward-Looking Statements The information in this presentation includes forward-looking statements. All statements, other than statements of historical fact
More informationLNG market transformation
LNG market transformation How the next 5 years will change the rules December 2017 www.timera-energy.com 1 Contents Section Contents Summary 5 key takeaways 3 Asian portfolio positions Top 5 Asian buyer
More informationDominion Cove Point Export Project Platts 16 th Annual Liquefied Natural Gas February 9, 2017
Dominion Cove Point Export Project Platts 16 th Annual Liquefied Natural Gas February 9, 2017 Note to Investors This presentation contains certain forward-looking statements, including projected future
More informationREGULATORY AND STRATEGIC CONSULTING Project Case Studies
Project Case Studies Pipeline DOT Records Program for Expense, Maintenance Capital and Capital Projects Major Interstate Pipeline Houston, Texas Contacts s Senior Management identified that its US DOT
More informationPacific Ethanol, Inc.
Pacific Ethanol, Inc. (Nasdaq: PEIX) Third Quarter 2016 Financial Results November 3, 2016 Cautionary Statements Statements and information contained in this communication that refer to or include Pacific
More informationPBF Energy. State College, PA. North East Association of Rail Shippers Fall Conference. October 1, 2014
PBF Energy North East Association of Rail Shippers Fall Conference State College, PA October 1, 2014 Safe Harbor Statements This presentation contains forward-looking statements made by PBF Energy Inc.
More informationAl Walker: Anadarko Chairman, President & CEO
Al Walker: Anadarko Chairman, President & CEO Sept. 10, 2013 Cautionary Language Regarding Forward-Looking Statements and Other Matters This presentation contains forward-looking statements within the
More informationNavigating through the energy landscape.
Navigating through the energy landscape. Baton Rouge Rotary Club Luncheon, May 24, 2017. David E. Dismukes, Ph.D. Executive Director & Professor Center for Energy Studies Louisiana State University Professor
More informationSpectra Energy: Moving Ahead, Gaining Momentum
8 th ANNUAL PLATTS PIPELINE EXPANSION & DEVELOPMENT CONFERENCE HOUSTON, TX SEPTEMBER 17, 2013 Spectra Energy: Greg Crisp Director, Business Development Safe Harbor Statement Some of the statements in this
More informationENERGY. Responding to the Upstream Boom
ENERGY Responding to the Upstream Boom CURRENT OPPORTUNITIES AND CHALLENGES IN MIDSTREAM/LNG 1 GROWTH Responding to demand for new and expanded oil and gas processing, transportation and storage following
More informationDevelopments in North American Oil, Gas, and LNG
Developments in North American Oil, Gas, and LNG Presented to the Australian Institute of Energy September 29, 2015 David L. Wochner, Partner, Washington, DC Copyright 2015 by K&L Gates LLP. All rights
More informationEQUITY RESEARCH Liquefied Natural Gas (LNG.ASX) Rating BUY Price Target (A$) 5.20 Event: Share Price (A$) 3.68 Investment Highlights:
Aug 13 Sep 13 Oct 13 Nov 13 Dec 13 Jan 14 Feb 14 Apr 14 May 14 Jun 14 Jul 14 Aug 14 EQUITY RESEARCH Energy 28 August 2014 Liquefied Natural Gas (LNG.ASX) Bear Head provides Magnolia Plug n Play for Export
More informationLeading the way towards a Smart Grid Capital Market Day London, December 5, 2013
Jan Mrosik CEO Smart Grid Division Leading the way towards a Smart Grid Capital Market Day London, Safe Harbour Statement This document contains statements related to our future business and financial
More informationGulf Coast Energy Outlook: Addendum.
Gulf Coast Energy Outlook: Addendum. Addendum accompanying whitepaper. See full whitepaper here. David E. Dismukes, Ph.D. Gregory B. Upton, Jr., Ph.D. Center for Energy Studies Louisiana State University
More informationDisclaimer. Confidential. Property of GNL Québec Inc All rights reserved.
June 2017 Disclaimer - The material contained in this presentation is intended to be general background information on the Énergie Saguenay Project being developed by GNL Québec Inc., a wholly owned subsidiary
More informationGAS BACKBONE OF THE ENERGY SYSTEM TANYA MORRISON, CLIMATE CHANGE GR MANAGER IGU & PGNIG at COP19, Warsaw November 2013
GAS BACKBONE OF THE ENERGY SYSTEM TANYA MORRISON, CLIMATE CHANGE GR MANAGER IGU & PGNIG at COP19, Warsaw November 2013 Copyright of Royal Dutch Shell plc 1 CAUTIONARY NOTE The companies in which Royal
More informationThe impact of LNG exports on US markets
March 2018 The impact of LNG exports on US markets The impact of LNG exports on domestic natural gas prices has been analyzed and debated over the past several years even though these price impacts have
More informationAppendix A. Project Description
Appendix A Project Description I. Project Summary 1. The proposed Jordan Cove LNG export terminal ( Jordan Cove ) is a facility designed to produce and export liquefied natural gas ( LNG ). Jordan Cove
More informationInvestor Presentation. Tuohy Brothers 4th Annual Energy Conference New York City August 5, 2013
Investor Presentation Tuohy Brothers 4th Annual Energy Conference New York City August 5, 2013 KEY INVESTMENT HIGHLIGHTS Extensive Inventory of Low-Risk, High-Return Drilling Opportunities Industry Leading
More informationWhat s next for Alaska gas
What s next for Alaska gas Will markets, competition, politics and federal laws get in the way of a pipeline Larry Persily, Alaska North Slope Gas Line Federal Coordinator Nov. 9, 2012 Commonwealth North
More informationPlatts 8 th Annual Pipeline Development & Expansion Conference. Gas-Electric Coordination Update
Platts 8 th Annual Pipeline Development & Expansion Conference Gas-Electric Coordination Update Anders Johnson, Director System Design KinderMorgan Pipelines September 17, 2013 Hilton Houston Post Oak,
More informationWinter U.S. Natural Gas Production and Supply Outlook
Winter 2010-11 U.S. Natural Gas Production and Supply Outlook Prepared for Natural Gas Supply Association by: ICF International Fairfax, Virginia September, 2010 Introduction This report presents ICF s
More informationLiquefied Natural Gas Limited
Liquefied Natural Gas Limited Greg Vesey Managing Director and Chief Executive Officer Regaining the Balance CWC Seventeenth Annual World LNG Summit 14 December 2016 ASX: LNG and OTC ADR: LNGLY Forward
More informationCGMA Competency Framework
CGMA Competency Framework Technical skills CGMA Competency Framework 1 Technical skills : This requires a basic understanding of the business structures, operations and financial performance, and includes
More informationCB&I Investor Presentation March 2017
A World of Solutions CB&I Investor Presentation March 2017 A Leading Provider of Technology and Infrastructure for the Energy Industry Safe Harbor Statement This presentation contains forward-looking statements
More informationFLEXIBILITY FOR GROWTH
FLEXIBILITY FOR GROWTH MIDWEST ASSOCIATION OF RAIL SHIPPERS 2016 SUMMER MEETING Alan H. Shaw Executive Vice President and Chief Marketing Officer FORWARD-LOOKING STATEMENTS Certain statements in this presentation
More informationINVESTING IN CREDIBLE HR A ANALYTICS
INVESTING IN CREDIBLE HR A ANALYTICS Case Study of Diversity and Inclusion in Shell Vasileios Giagkoulas HR Analytics Analyst Bonga North West is connected to the existing Bonga floating production vessel.
More informationORDER MOVEMENT MANAGER (OMM)-TANK INVENTORY SYSTEM (TIS) DEPLOYMENT
SS OPTMZ-03 ORDER MOVEMENT MANAGER (OMM)-TANK INVENTORY SYSTEM (TIS) DEPLOYMENT Case Study October 2013 Use this area for cover image (height 6.5cm, width 8cm) Definitions and Cautionary Note The companies
More informationWith a Permian Well, They Cried More, More, More
A RBN Energy Drill Down Report Copyright 2017 RBN Energy With a Permian Well, They Cried More, More, More Capacity Constraints Loom Large for Permian Crude Oil, Natural Gas and NGLs 1. Introduction Over
More informationThe Uncertain Future For ANS LNG Exports
The Uncertain Future For ANS LNG Exports Presented to: LSI Energy in Alaska Conference Anchorage, AK Presented by: Paul R. Carpenter Steven H. Levine Anul Thapa The Brattle Group 44 Brattle Street Cambridge,
More informationThe Global Context for Alaskan Oil and LNG
The Global Context for Alaskan Oil and LNG PRESENTED TO LSI Energy in Alaska Conference PRESENTED BY Paul R. Carpenter Steven H. Levine Anul Thapa December 12, 2016 Copyright 2015 The Brattle Group, Inc.
More informationScenarios & Energy Transitions
Scenarios & Energy Transitions Jeremy Bentham Vice President Global Business Environment Head of Shell Scenarios November 2017 1 Warning: uncertainties ahead This presentation contains data from Shell
More informationLNG FROM COLOMBIA Platts 13 th Annual Caribbean Energy Jan 24 th 2013
LNG FROM COLOMBIA Platts 13 th Annual Caribbean Energy Jan 24 th 2013 FORWARD LOOKING STATEMENT All monetary amounts are in U.S. dollars unless otherwise stated. This presentation contains forward-looking
More informationFor personal use only
Mermaid Marine Supply Base Mermaid Logistics Supply Base UBS Emerging Companies Conference 3 April 2012 Disclaimer This document contains general background information about the activities of Mermaid
More informationTrends, Issues and Market Changes for Crude Oil and Natural Gas
Trends, Issues and Market Changes for Crude Oil and Natural Gas East Iberville Community Advisory Panel Meeting Syngenta September 26, 2012 Center for Energy Studies David E. Dismukes, Ph.D. Center for
More informationNatural Gas The North American market. Trevor Sikorski, September 2014
Natural Gas The North American market Trevor Sikorski, September 2014 Overview Gas pricing contrasting fortunes Global gas pricing $/mmbtu 20 18 16 14 12 10 8 6 4 Japan India UK US Global gas market: Still
More informationBank of America Merrill Lynch
Bank of America Merrill Lynch 2017 Global Energy Conference November 16-17, 2017 Forward-Looking Statements This material and any oral statements made in connection with this material include "forwardlooking
More informationInvestor Presentation Value Creation Plan
Investor Presentation Value Creation Plan March 7, 2018 Safe Harbor Statements This presentation is dated as of March 7, 2018 and speaks as of that date. Forward-Looking Statements This presentation contains
More informationSILVERCORP REPORTS SILVER PRODUCTION OF 5.0 MILLION OUNCES, CASH FLOWS FROM OPERATIONS OF $31.9 MILLION, OR $0
NEWS RELEASE Trading Symbol: TSX: SVM SILVERCORP REPORTS SILVER PRODUCTION OF 5.0 MILLION OUNCES, CASH FLOWS FROM OPERATIONS OF $31.9 MILLION, OR $0.19 PER SHARE, FOR FISCAL YEAR ENDED MARCH 31, 2016 VANCOUVER,
More informationPLATTS LNG CONFERENCE HOUSTON, TX. February 2017
PLATTS LNG CONFERENCE HOUSTON, TX February 2017 AES Corporation: A Global Leading Power Company Safe Harbor Disclosure Certain statements in the following presentation regarding AES business operations
More informationWorld and U.S. Oil and Gas Production and Price Outlook: To Infinity (or at least 2050) and Beyond
World and U.S. Oil and Gas Production and Price Outlook: To Infinity (or at least 25) and Beyond Energy and Environment Symposium April 18, 218 Rifle, Colorado by Troy Cook, Senior Global Upstream Analyst,
More information16th Annual ICR XChange Conference January 14, 2014
16th Annual ICR XChange Conference January 14, 2014 Bill DeLaney President, Chief Executive Officer Chris Kreidler Executive Vice President, Chief Financial Officer Forward-Looking Statements Statements
More informationAvery Dennison Investor Presentation August 2014
Avery Dennison Investor Presentation August 2014 Unless otherwise indicated, the discussion of the company s results is focused on its continuing operations, and comparisons are to the same period in the
More informationOIL AND GAS OUTLOOK: HOW ARE THE ENERGY MARKET AFFECTING METALS? Nicole Leonard, Project Manager, Oil & Gas Consulting Services November 2015
OIL AND GAS OUTLOOK: HOW ARE THE ENERGY MARKET AFFECTING METALS? Nicole Leonard, Project Manager, Oil & Gas Consulting Services November 2015 KEY TAKEAWAYS Macroeconomic outlook: Prices have collapsed
More informationOil product demand Ladislas Paszkiewicz
Oil product demand Ladislas Paszkiewicz SVP Strategy & Climate Disclaimer This document may contain forward-looking information on the Group (including objectives and trends), as well as forward-looking
More informationFinancial results 2014 Press conference. Amsterdam, 20 maart 2015
Financial results 2014 Press conference Amsterdam, 20 maart 2015 Content Introduction Key financial highlights Key financial figures & main developments Outlook Developments gas transport Mission, vision
More informationFor personal use only
Horizon Oil Limited ABN 51 009 799 455 Level 6, 134 William Street, Woolloomooloo NSW Australia 2011 Tel +61 2 9332 5000, Fax +61 2 9332 5050 www.horizonoil.com.au 29 November 2017 The Manager, Company
More informationBetter, Faster Decisions through Contracting Analytics. From: By: Taylor Smith Supply Chain Supervisor of Technology Enablement
Better, Faster Decisions through Contracting Analytics From: By: Taylor Smith Supply Chain Supervisor of Technology Enablement Stuff I m going to talk about About ConocoPhillips Our History with Emptoris
More informationGrowth Leadership: Vopak s LNG growth strategy
Growth Leadership: Vopak s LNG growth strategy Capital Markets Day, 7 December 2012 Dirk van Slooten, Global Director LNG Forward-looking statement This presentation contains statements of a forward-looking
More informationREPUBLIC OF KENYA MINISTRY OF ENERGY AND PETROLEUM KENYA PETROLEUM TECHNICAL ASSISTANCE PROJECT (KEPTAP) PROJECT MANAGEMENT UNIT (PMU)
REPUBLIC OF KENYA MINISTRY OF ENERGY AND PETROLEUM KENYA PETROLEUM TECHNICAL ASSISTANCE PROJECT (KEPTAP) PROJECT MANAGEMENT UNIT (PMU) COMPONENT C SUSTAINABLE IMPACT OF OIL AND GAS INDUSTRY REFORMS AND
More informationCautionary Note Regarding Forward Looking Statements
If(we) Acquisition Cautionary Note Regarding Forward Looking Statements Certain statements in this presentation are forward-looking statements within the meaning of the Private Securities Litigation Reform
More informationRYSTAD ENERGY GAS PERSPECTIVES. Jakarta, November 20 th 2017
RYSTAD ENERGY GAS PERSPECTIVES Jakarta, November 2 th 217 Agenda 1. Global LNG market outlook Oversupply and new Asian demand 2. Japan LNG Market outlook LNG demand in a nuclear restart 2 Longer distances
More informationR1 to Acquire Intermedix and Selected as RCM Services Provider for Ascension Physician Business
R1 to Acquire Intermedix and Selected as RCM Services Provider for Ascension Physician Business Investor Presentation February 26, 2018 Forward-Looking Statements and Non-GAAP Financial Measures This presentation
More informationready for change? REVENUE RECOGNITION Private Equity and their Portfolio Companies
ready for change? REVENUE RECOGNITION Private Equity and their Portfolio Companies Are you ready for principles-based revenue recognition? THE NEW GUIDANCE PROVIDES A PRINCIPLES-BASED, FIVE-STEP PROCESS
More informationBackground, Issues, and Trends in Underground Hydrocarbon Storage
Background, Issues, and Trends in Underground Hydrocarbon Storage David E. Dismukes Center for Energy Studies Louisiana State University Environmental Permitting Class January 29, 2009 Description of the
More informationSanford C. Bernstein & Co. 23 rd Strategic Decisions Conference. Steve Angel Chairman, President & Chief Executive Officer. May 31, 2007.
Sanford C. Bernstein & Co. 23 rd Strategic Decisions Conference Steve Angel Chairman, President & Chief Executive Officer May 31, 2007 May 31, 2007 Forward Looking Statement This document contains forward-looking
More informationSupplemental Financial Schedules May 19, 2015
Supplemental Financial Schedules May 19, 2015 The presentations and related schedules contain financial measures that are not calculated in accordance with generally accepted accounting principles (GAAP).
More information