The 3 rd International LNG Summit

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "The 3 rd International LNG Summit"

Transcription

1 OAPEC Organization of Arab Petroleum Exporting Countries 3 rd Annual Future Prospects for LNG in the Arab Countries and Implications on the Global LNG Market Gas Industries Expert OAPEC

2 Agenda Setting The Scene: Latest Developments in Global LNG Market LNG in the Arab Countries: Major Supplier or Fast Growing Market? Prospects for LNG Supply in the Arab Countries: Challenges and Opportunities Prospects for LNG Demand in the Arab Countries: Challenges and Opportunities 2

3 Organization of Arab Petroleum Exporting Countries ~49% of the World s Total Reserves 31% of the World s Total Oil/NGL Production Transport, Shipbuilding, Investment & Petroleum Services +Training Center 27% of the World s Total Reserves ~15% of the World s Total Gas Production 3

4 Setting The Scene: Latest Developments in Global LNG Market Development of Global LNG Demand, MT* LNG imports in 2017 versus 2016, MT 18 MT 25 MT Source: OAPEC, GIIGNL, EVA *MT : million tons GLOBAL DEMAND IN 2017 Demand went up +25 MT, led by the soaring demand in China ANNUAL GROWTH RATE, YOY The highest YOY growth since Fukushima disaster 4

5 Setting The Scene: Latest Developments in Global LNG Market 300 mt DEVELOPMENT OF GLOBAL LNG EXPORTS, MT Australia 19% 250 MT 200 9% US 4.6% MT Qatar Algeria Oman UAE Egypt Yemen Australia USA Indonesia Malaysia T&T Nigeria Others % of Arab Countries Source: OAPEC, GIIGNL, EVA Australia and the US. lead the LNG supply growth, gaining higher market share ( together ~24% in 2017) Arab countries LNG exports nearly stable at 105 mt, while market share declined from 48% in 2011 to 36% in 2017 Arab Countries 1% 48% 36% 42% MT

6 Setting The Scene: Latest Developments in Global LNG Market Liquefaction Capacity per Country, 2017 Source: OAPEC, GIIGNL, EVA, BNEF *MTPA: million tons per annum 85% 80% The total increase in global liquefaction capacity in (~170 MTPA) The average utilization rate of supply capacity in 2017 Arab Countries: led by Qatar, represent 38% of the global LNG capacity (137.4 MTPA) Australia: supply capacity hiked from 37 MTPA in 2015 to 71 MTPA in US.: 4 trains of Sabine Pass project become online with total capacity 18 MTPA 6

7 MT LNG in the Arab Countries: Major Supplier or Fast Growing Market? LNG Plants in the Arab Countries Supply Distribution of LNG Exports Per Country, 2017 Algeria 11% Egypt 1% Oman 8% UAE 5% Qatar 75% Algeria 1964 Libya Egypt LNG plants (full operation) LNG plants (Partial Operation<50%) LNG plants (Stopped) 1996 Qatar UAE Total LNG export MT 120% 100% 80% 60% 40% 20% 0% Average utilization % of LNG plants Qatar UAE Oman Algeria Egypt Yemen Utlilized% Non-utilized% LNG plants in Qatar, UAE and Oman are near full operation. 75% is the average utilization rate of LNG plants in Libya Yemen Egypt

8 LNG in the Arab Countries: Major Supplier or Fast Growing Market Development of Arab LNG exports to regional and global markets, MT Share % Market Dependency% 17 63% Asia Europe % Europe MENA Americas Asia % MENA % Americas 9 91 Data Source: OAPEC, GIIGNL 8

9 LNG in the Arab Countries: Major Supplier or Fast Growing Market Mt Development of LNG Imports in the Arab Region, MT Egypt 34% Jordan 19% 2017 Dubai 17% A/Dhabi 5% Kuwait 25% A/Dhabi Jordan Egypt Dubai Kuwait Demand FSRU 5.2 bcm/y 7.8 bcm/y Jordan Egypt FSRU FSRU 7.1 bcm/y A/Dhabi Dubai MT 9 Kuwait Dubai Egypt Jordan A/Dhabi The MENA LNG imports surpassed Americas imports in 2016! MENA Americas MT FSRU 7.8 bcm/y FSRU 5.2 bcm/y 7 FSRUs* are moored in 5 markets, with total regasification capacity of 34 MTPA 2015 FSRU 8.2 bcm/y 2010 FSRU 4.9 bcm/y Total LNG deliveries to Arab LNG markets in 2017 (50% utilization of regasification capacity) *FSRU : floating storage and regasification terminal

10 mtpa Prospects for LNG Supply in the Arab Countries: Challenges & Opportunities Medium and long term SPAs* roll-off volume, MTPA Oman, Egypt, 8.2 Yemen, 2.0 Algeria, 12.8 UAE, Cumulative Contracting Volume *SPA : Sales and purchase agreement Qatar, Incremental Contracting Volume 32 mtpa of LNG SPAs signed between Arab LNG exporters and their customers will free up according to expiry dates 72 mtpa of LNG SPAs signed between Arab LNG exporters and their customers will free up according to expiry dates. Expiration Seller Buyer 2018 Qatar Uniper 1.5 UAE JERA 4.3 Algeria Engie Algeria Engie 3.7 Algeria Engie 1.3 Algeria Botas Oman Mitsubishi Algeria DEPA 0.35 Algeria Iberdrola 1.15 Qatar JERA 4 Qatar JERA,..etc 2 Qatar JERA 1 Qatar Shizuoka Gas Algeria Cepsa Gas Qatar Centrica 3 Qatar RWE 1.1 Qatar Petronas 1.14 Average Contract volume, MTPA Volume, MTPA Expiration Seller Buyer Volume, MTPA Oman Kogas Oman Osaka Gas 0.66 Qatar Kogas 4.92 GNF 0.75 Oman UFG 1.65 Egypt Engie 3.6 Egypt BP 1 Qatar Endesa 0.74 Qatar GNF 0.75 oman Ituchu 0.77 Oman Osaka Gas 0.8 Egypt Shell 3.6 Qatar Kogas 2.1 Qatar EDF 3.4 Qatar Eni 2.05 Qatar Kensai 0.5 Yemen Kogas 2 Qatar Petronet 1 Qatar petronet 5 Qatar JERA 1 Average Contract Length, years LNG buyers appetite to sign smaller volume contracts LNG buyers appetite to sign shorter length contracts

11 MT Prospects for LNG Supply in the Arab Countries: Challenges & Opportunities MTPA CAPACITY ADDITIONS IN Cameron Russia US. Russia US. Australia Indonesia Australia Malaysia Sources : BNEF, EVA, OAPEC, Potten & Partners, Shell Australia Russia Indonesia US. Malaysia Cameron Emerging LNG Supply-Demand Gap Oversupplied Supply-tight Asia Europe Middle East N.America S.America Supply THE GLOBAL LNG CAPACITY BY As of Jan-2018, there is 83 MTPA of LNG capacity under construction. -A next wave of US. And Australia projects will come online in THE QATARI/TOTAL ARAB LNG CAPACITY BY Qatar will boost its LNG capacity to 100 MTPA by 2024 by adding 2/3 Mega trains and debottlenecking of its existing facilities. -The project will have the lowest cost of any planned LNG supply additions globally. 11

12 Prospects for LNG Supply in the Arab Countries: Challenges & Opportunities Sufur Content in Marine Fuels and limits (ppm) 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 Demand Global marine fuel demand is mainly met by Fuel Oil (86%) followed by diesel (14%) Current IMO Global Limit Average Marine H.F.O 24,500 35, % 2.45% Options Either using H.S.F.O with scrubbers or using low sulfur fuels including distillates 2020 IMO Global Limit 5, % Transition Volume New transition is significant since it represents 75% of global marine fuel demand compared to ECA. ECA Limit Road Diesel Limit 1,000 In force since Jan % LNG LNG is on top of the agenda as an alternative marine fuel to meet IMO new regulations Data Source: IMO Global Marine Fuel Demand in 2016 Barriers to use LNG as a marine fuel Very limited fleet representing 0.2% of the world total fleet. LNG bunkering availability is still at early stages Difficulty to access financing for ship building 12

13 Prospects for LNG Supply in the Arab Countries: Challenges & Opportunities 116 LNG-Powered Ships, as of October 2017 Ships in operation QP and Shell Formed LNG Marine bunkering venture in mid-2017 to develop bunkering infrastructure at strategic shipping locations across the globe. 112 Ships on order 228 Total LNG-Powered fleet Coast of North America (ECA) North Sea (ECA) Baltic Sea (ECA) Outlook of LNG Bunkering.? In terms of demand, MT 30 In terms of investment, M$ ,187 Annual rate 61% 0.5 Annual rate 65% 248 Middle East (UAE, Egypt,..) East Asia (Japan, China, Singapore,..) Data Source: Shell, QP, TMR Data Source: BW *ECA: Emissions Control Area(North sea, Baltic sea, English Channel

14 Prospects for LNG Demand in the Arab Countries: Challenges and Opportunities 3 FSRUs + 1 Onshore UAE (Sharjah) FSRU with a total regasification capacity of 5.2 bcma Morocco FSRU with a total regasification capacity of 7 bcma There are 3 FSRUs planned to be constructed in Bahrain, UAE (Sharjah) and Morocco and 1 onshore terminal in Kuwait 47 bcma (35 MTPA) The total regasification capacity of the ongoing/planned projects. Bahrain FSU with a total regasification capacity of 4.1 bcma and upgradable to 8.2 bcma in the future. Kuwait Fixed LNG terminal with a total regasification capacity of 31 bcma. Long term SPAs KPC signed a 15-year SPA with shell to deliver 2-3 mtpa starting from

15 Prospects for LNG Demand in the Arab Countries: Challenges and Opportunities Tank Area Each Tank has a Volume Capacity of 225,000 m 3 (Based on 12 Days autonomy for maximum send out) Kuwait Onshore Terminal Project Send out lines: 2 X 52 underground NG send-out Pipelines to KOC. Jetty Area Two jetty heads can accommodate LNG carriers for import from 122,000 to 266,000 m³. LNG carriers for export from 18,000 to 266,000 m³. In operation by 2021 Regasification / Process Area The Plant has a total regasification Capacity of 3,000 BBTU/day 15 15

16 MTPA Egypt Kuwait Dubai Jordan Prospects for LNG Demand in the Arab Countries: Challenges and Opportunities LNG Demand Outlook in the MENA Region Outlook for LNG Demand It is expected to be around MTPA over the next decade according to current plans and ongoing projects A/Dhabi Markets LNG Markets The number of LNG markets will reach 9 including Bahrain, UAE (Sharjah) and Morocco as new comers. 3 0 New Comers Egypt Egypt Kuwait Dubai Jordan A/Dhabi Bahrain Others Source: OAPEC, Poten & Partners, EVA, BNEF, Shell outlook Demand growth coming from new comers will compensate the demand decline in Egypt 16

17 Prospects for LNG Demand in the Arab Countries: Challenges and Opportunities LNG imports in Egypt, MT Egypt s Zohr Discovery Lowering Egypt dependence on LNG imports.. What s Next? Revival of LNG exports from stopped LNG plants on the Mediterranean coast Potential gas hub for all East Mediterranean gas discoveries LNG plant Proposed pipeline East Mediterranean It is a rich-gas province with a potential gas resources of 10 tcm*, discovered to date ~ 2 tcm Access to the market Most of discoveries are located in ultra-deep water > 1,700 meter. Developers will incur high costs to bring gas into market. Egypt infrastructure Idku Damietta Egypt has two idle LNG plants (3 trains) of 12.2 MTPA and can accommodate more trains. *Tcm: trillion cubic meter 17

18 Final Remarks Since decades, Arab LNG exporters (Qatar, Algeria, Oman, ) are reliable and secure LNG suppliers to the global markets. Arab LNG exports represented ~ 37% of the global LNG trade in The flexibility and reliability afforded by FSRUs, opened access to new markets in the Arab region (like Kuwait), to meet the growing demand on electricity, making the region the third largest LNG market worldwide. Today s LNG market is ~ over-supplied and over-contracted and the appetite of buyers is going towards contracts of smaller volumes and shorter lengths. By 2024, global LNG market will become supply-tight. By then, Qatar will boost its LNG capacity to 100 MTPA to meet future market needs. Finding new opportunities for LNG is much needed to further grow as a clean energy source. LNG bunkering is a promising opportunity to be considered. There is a potential to have a gas/lng hub in the East Med region exploiting mothballed LNG infrastructure in Egypt 18

19 Q? For inquiries: Eng.Wael A.Moati Gas Industries Expert, OAPEC Cell:

European Gas & LNG Markets, Energy Policy, and Geopolitics October 2016

European Gas & LNG Markets, Energy Policy, and Geopolitics October 2016 European Gas & LNG Markets, Energy Policy, and Geopolitics October 2016 www.rapidangroup.com Leslie.palti-guzman@rapidangroup.com t. +1 301.656.4480 No Quotation or Distribution 1 EU LNG Demand Key Themes:

More information

LNG market update. Surge in LNG supply creates opportunities to open new markets

LNG market update. Surge in LNG supply creates opportunities to open new markets LNG market update Surge in LNG supply creates opportunities to open new markets Royal Vopak Analyst Day 2017 Ton Floors, Global LNG Director 12 December 2017 Forward-looking statement This presentation

More information

LNG Bunkering Relevance and Prospect for the MENA Region

LNG Bunkering Relevance and Prospect for the MENA Region 27 th Arab Engineering Conference & Exhibition Bahrain LNG Bunkering Relevance and Prospect for the MENA Region Lennart Luten Senior Manager, Galway Group lluten@galwaygroup.com 29 March 2016 www.galwaygroup.com

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

Growth Leadership: Vopak s LNG growth strategy

Growth 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 information

LNG AS A BUNKER FUEL

LNG AS A BUNKER FUEL LNG AS A BUNKER FUEL WARTSILA IMSF CONFERENCE, OSLO MAY 2012 / 25 Wärtsilä Until now.. / 25 Wärtsilä From now on. Established Emissions Controlled Areas Emissions Controlled Areas under consideration Shipping

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

NARUC. Global Liquefied Natural Gas Supply: An Introduction for Public Utility Commissioners

NARUC. Global Liquefied Natural Gas Supply: An Introduction for Public Utility Commissioners 2009 Global Liquefied Natural Gas Supply: An Introduction for Public Utility Commissioners NARUC October 2009 The National Association of Regulatory Utility Commissioners Funded by the U.S. Department

More information

CHENIERE ENERGY, INC. Louisiana Energy Conference. June 2016

CHENIERE 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 information

LNG TRADE FLOWS. Hans Stinis Shell Upstream International

LNG TRADE FLOWS. Hans Stinis Shell Upstream International LNG TRADE FLOWS Hans Stinis Shell Upstream International ABSTRACT The LNG industry has witnessed a great deal of change recently, and indications are that this will only continue. Global gas demand is

More information

2011 Institute of Energy Economics, Japan - IEEJ

2011 Institute of Energy Economics, Japan - IEEJ A Changing World of LNG Pacific Energy Summit: Unlocking the Potential of Natural Gas in the Asia-Pacific Session 2: Market Evolution and Adaptation: Contracts, pricing mechanisms, and supply security

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

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

Status of first generation of FLNG and trend and perspective for the next generation

Status of first generation of FLNG and trend and perspective for the next generation Status of first generation of FLNG and trend and perspective for the next generation TITRE DE LA PRESENTATION Dominique Gadelle SOUS TITRE Technip DE LA Vice President PRESENTATION Upstream / LNG Atelier

More information

Table 1 Trade movements 2004 LNG (Bcm)

Table 1 Trade movements 2004 LNG (Bcm) LNG Prospects for the Future The prospect that LNG could become a major global energy source is one of the most keenly debated issues in the sector. This was reflected in this quarter's survey, conducted

More information

Liquefied Natural Gas (LNG) Sector Overview March 2017

Liquefied Natural Gas (LNG) Sector Overview March 2017 Liquefied Natural Gas (LNG) Sector Overview March 2017 Global Industry LNG Industry Life Cycle Industry Dynamics Trade Regional Mix Exporting & Importing Countries Pricing Local Industry Dynamics Production

More information

LNG strategy and the outlook for global gas markets

LNG 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 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

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

Integrated Gas Philippe Sauquet

Integrated Gas Philippe Sauquet Integrated Gas Philippe Sauquet President Gas, Renewables & Power Gas: Competitive, clean and flexible LNG global demand growing strongly, led by Asia Levelized cost of electricity in Asia $/MWh 2005-25

More information

World Energy Outlook 2035: A focus on LNG supply and demand dynamics

World Energy Outlook 2035: A focus on LNG supply and demand dynamics World Energy Outlook 2035: A focus on LNG supply and demand dynamics M.H. Siddiqui, Prescience, USA 1 Agenda The Energy Outlook in 2035 involving major landscape changes in supply, demand, fossil fuels,

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

Trend di Mercato 2012 Oil & Gas

Trend di Mercato 2012 Oil & Gas CONVEGNO SEZIONE COMPONENTISTICA D IMPIANTO ANIMP L EVOLUZIONE DEL MERCATO E LE SFIDE PER LA FILIERA DELL IMPIANTISTICA ITALIANA La filiera Coreana: un modello da seguire? Trend di Mercato 2012 Oil & Gas

More information

LNG Market Outlook and Development Pierre Cotin. 3 rd Annual LNG Shipping Forum 2013, Lillestrøm, 6 June 2013

LNG Market Outlook and Development Pierre Cotin. 3 rd Annual LNG Shipping Forum 2013, Lillestrøm, 6 June 2013 LNG Market Outlook and Development Pierre Cotin 3 rd Annual LNG Shipping Forum 2013, Lillestrøm, 6 June 2013 Who we are GLE is one of the three columns of GIE (Gas Infrastructure Europe), the European

More information

World LNG Report 2011

World LNG Report 2011 International Gas Union (IGU) News, views and knowledge on gas worldwide World LNG Report 2011 Sponsored by: C M Y CM MY CY CMY K IGU World LNG Report - 2011 Page 1 1. MESSAGE FROM THE PRESIDENT OF INTERNATIONAL

More information

Oxford Institute for Energy Studies Natural Gas Programme Howard V Rogers

Oxford Institute for Energy Studies Natural Gas Programme Howard V Rogers Oxford Institute for Energy Studies Natural Gas Programme Howard V Rogers LNG Costs, Russian Exports and Global Interactions December 9 th & 1 th 215 WE ARE: A gas research programme at a Recognised Independent

More information

Global gas report. The natural gas market is at an inflection point: what will it take for growth forecasts to be achieved going forwards?

Global gas report. The natural gas market is at an inflection point: what will it take for growth forecasts to be achieved going forwards? Global gas report 2017 Prepared in collaboration with BCG Center for Energy Impact The natural gas market is at an inflection point: what will it take for growth forecasts to be achieved going forwards?

More information

Why it Makes Sense for Europe to Embrace Nord Stream 2?

Why it Makes Sense for Europe to Embrace Nord Stream 2? Why it Makes Sense for Europe to Embrace Nord Stream 2? Sergei Komlev Head of Contract Structuring and Price Formation Directorate Gazprom Export Global Gas Centre Meeting Brussels, December 10 th, 2015

More information

Opportunities for Pan GCC Natural Gas Grid

Opportunities for Pan GCC Natural Gas Grid IGU Executive Committee Workshop Regional Gas Industry Issues and Opportunities Prepared by National Oil & Gas Authority (NOGA) Kingdom of Bahrain Muscat, 30 Mar 2017 1 Natural Gas in Bahrain Average consumption

More information

Perspectives of the LNG spot Trade and Transport Market in East Asia in 2010~2015

Perspectives of the LNG spot Trade and Transport Market in East Asia in 2010~2015 Perspectives of the LNG spot Trade and Transport Market in East Asia in 2010~2015 Dr. Boyoung KIM Team Manager, Center for Gas Economics & Management Korea Gas Corporation (KOGAS), Republic of Korea 1.

More information

OLT Offshore LNG Toscana Alessandro Fino CEO

OLT Offshore LNG Toscana Alessandro Fino CEO Small Scale to large Market Strategies & Technologies towards the Mediterranean Area "La logistica primaria per la distribuzione del GNL" OLT Offshore LNG Toscana Alessandro Fino CEO 1 OLT Shareholders

More information

The Growth and Opportunity for Small Scale LNG

The Growth and Opportunity for Small Scale LNG The Growth and Opportunity for Small Scale LNG Martin Layfield IGU Diplomatic Forum 12 th December 2016 1 SAFER, SMARTER, GREENER Small scale value chains 2 Proposed FSRU Projects Project Location Possible

More information

Market Outlook for Gas & LNG Key Growth Markets. Presentation by Philip Olivier CEO of ENGIE Global LNG Tokyo, 5 April 2017, GASTECH

Market Outlook for Gas & LNG Key Growth Markets. Presentation by Philip Olivier CEO of ENGIE Global LNG Tokyo, 5 April 2017, GASTECH Market Outlook for Gas & LNG Key Growth Markets Presentation by Philip Olivier CEO of ENGIE Global LNG Tokyo, 5 April 217, GASTECH Agenda Chapter 1 Global gas market: An abundant supply Chapter 2 Key geographical

More information

Natural Gas Facts & Figures. New Approach & Proposal

Natural Gas Facts & Figures. New Approach & Proposal Natural Gas Facts & Figures New Approach & Proposal 1. Production and reserves Sources : Total G&P, WOC1, IEA, IHS Cera, Resources- Reserves o Conventional o Unconventional : types and reserves Countries,

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

Introduction to the Expanded South Corridor Concept

Introduction to the Expanded South Corridor Concept Introduction to the Expanded South Corridor Concept Athens University History Museum March 5, 2018 A Presentation by Mr. Costis Stambolis Executive Director, IENE INSTITUTE OF ENERGY FOR SOUTH EAST EUROPE

More information

The Future Role of Gas

The Future Role of Gas The Future Role of Gas GECF Global Gas Outlook 24 Insights Presentation for the 3rd IEA-IEF-OPEC Symposium on Gas and Coal Market Outlooks Dmitry Sokolov Head of Energy Economics and Forecasting Department

More information

Fast-Changing LNG Markets: Facts, Policies and Targets

Fast-Changing LNG Markets: Facts, Policies and Targets Fast-Changing LNG Markets: Facts, Policies and Targets Introduction Fast-Changing LNG Markets: Facts, Policies and Targets is an in-depth analysis of the stresses, strains and achievements in the industry

More information

Arbitrage in Natural Gas Markets?

Arbitrage in Natural Gas Markets? Arbitrage in Natural Gas Markets? Yuri Yegorov University of Vienna Seminar on Energy Economics Paris, School of Mines April 13 th, 2016, 16:30-18:30 Based on article with J.Dehnavi and F.Wirl in Intern.

More information

World LNG Report Edition

World LNG Report Edition IGU World LNG Report 2015 Edition І Page 1 International Gas Union News, views and knowledge on gas worldwide World LNG Report - 2015 Edition World Gas Conference Edition Sponsored by: IGU World LNG Report

More information

Scaling down LNG. Mariana Ortiz Laborde. Gas Natural Fenosa. Portfolio Manager at Global Gas Division

Scaling down LNG. Mariana Ortiz Laborde. Gas Natural Fenosa. Portfolio Manager at Global Gas Division Scaling down LNG Mariana Ortiz Laborde Portfolio Manager at Global Gas Division Gas Natural Fenosa Executive Committee Workshop March 30, 2017, Muscat, Oman Disclaimer This presentation and the information

More information

LNG in transport: The views of the European LNG terminal operators

LNG in transport: The views of the European LNG terminal operators LNG in transport: The views of the European LNG terminal operators Wim Groenendijk GLE Vice President LNG Fuelled Vehicles, 19 th March, Hamburg Who we are GLE is one of the three columns of GIE (Gas Infrastructure

More information

RYSTAD ENERGY GAS PERSPECTIVES. Jakarta, November 20 th 2017

RYSTAD 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 information

LNG Outlook 2018 Growth and resilience

LNG Outlook 2018 Growth and resilience www.gasstrategies.com LNG Outlook 2018 Growth and resilience www.gasstrategies.com 3 2 LNG Outlook 2018 Growth and resilience For many LNG suppliers, liquefaction capacity holders and LNG traders, 2017

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 in the Asia Pacific

LNG in the Asia Pacific 2016/EWG52/WKSP1/004 LNG in the Asia Pacific Submitted by: APERC Asia Pacific Energy Research Centre Workshop Moscow, Russia 18 October 2016 APERC Workshop at EWG52 Moscow, Russia, 18 October, 2016 3-2.

More information

MIDDLE EAST GAS 2002 DOHA - APRIL 10-11, The Market for LNG Vessels - Current and Future

MIDDLE EAST GAS 2002 DOHA - APRIL 10-11, The Market for LNG Vessels - Current and Future MIDDLE EAST GAS 22 DOHA - APRIL 1-11, 22 The Market for LNG Vessels - Current and Future By Ian Walker, Gas Business Development, Golar LNG Ltd. Agenda 1. Golar LNG 2. The LNG market. Supply Demand Balance.

More information

Prospects for unconventional natural gas supply in Asia

Prospects 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 information

LNG Market Trends & Price Transparency

LNG Market Trends & Price Transparency LNG Market Trends & Price Transparency Tokyo Fiona Poynter April 2015 London Houston Washington New York Portland Calgary Santiago Bogota Rio de Janeiro Singapore Beijing Tokyo Sydney Dubai Moscow Astana

More information

Gas Market Report 2017

Gas Market Report 2017 Gas Market Report 2017 Peter Fraser, Head of the Gas Coal and Power Markets Division Norwegian Ministry of Petroleum and Energy, Oslo, 5 th September 2017 IEA Gas in today s world The contribution of gas

More information

Institut Français des Relations Internationales Energy Roundtable

Institut Français des Relations Internationales Energy Roundtable Institut Français des Relations Internationales Energy Roundtable Brussels March 21 st, 2013 New Energy Resources in East Africa Pushing back the continent s last hydrocarbon frontier Roger CARVALHO CEO

More information

LNG Supply Chain Infrastructure Configuration

LNG Supply Chain Infrastructure Configuration Chapter 3 LNG Supply Chain Infrastructure Configuration February 2018 This chapter should be cited as ERIA (2018), LNG Supply Chain Infrastructure Configuration, in Uemura T. and K. Ishigami (eds.), Formulating

More information

GLADSTONE TO JAPAN: EXPORT LNG PROJECT. December 2007

GLADSTONE TO JAPAN: EXPORT LNG PROJECT. December 2007 GLADSTONE TO JAPAN: EXPORT LNG PROJECT December 2007 Project Summary Sunshine Gas (SHG) and Sojitz Corporation (SOJITZ) formed relationship to combine upstream and downstream resource expertise to identify

More information

Copyright. Sinem Okumus

Copyright. Sinem Okumus Copyright by Sinem Okumus 2015 The Thesis Committee for Sinem Okumus Certifies that this is the approved version of the following thesis: Impacts of US LNG Exports on the Supply Security of the EU Natural

More information

Water Security for Sustainable Development: The challenge of Scarcity in the Middle East & North Africa

Water Security for Sustainable Development: The challenge of Scarcity in the Middle East & North Africa Water Security for Sustainable Development: The challenge of Scarcity in the Middle East & North Africa Shawki Barghouti Director General International Center for Biosaline Agriculture 1 water scarcity

More information

Demanding customers: What LNG sellers need to know

Demanding customers: What LNG sellers need to know Demanding customers: What LNG sellers need to know KPMG International kpmg.com/lng Introduction The LNG industry has evolved adjacent to the oil industry, but today it is in the throes of a transformation

More information

LNG Facts A Primer. Presentation before US Department of Energy, Office of Fossil Energy, LNG Forums. March 10, Kristi A. R.

LNG Facts A Primer. Presentation before US Department of Energy, Office of Fossil Energy, LNG Forums. March 10, Kristi A. R. LNG Facts A Primer Presentation before US Department of Energy, Office of Fossil Energy, LNG Forums March 10, 2006 Kristi A. R. Darby Center for Louisiana State University Overview What is Natural Gas?

More information

Gas and energy security in the wider Mediterranean region

Gas and energy security in the wider Mediterranean region Gas and energy security in the wider Mediterranean region Conference Perspectives for Canadian Natural Gas Export to Europe Roma, Embassy of Canada - 10.3.2014 Nicolò Sartori, Istituto Affari Internazionali

More information

Gas & LNG market developments & geopolitics in SE Europe

Gas & LNG market developments & geopolitics in SE Europe Gas & LNG market developments & geopolitics in SE Europe Dr. Kostas Andriosopoulos Professor, ESCP Europe Business School (www.escpeurope.eu) Director, Research Centre for Energy Management (www.rcem.eu)

More information

Norwegian LNG Network

Norwegian LNG Network Norwegian LNG Network Distribution and Use of LNG for a Cleaner Environment Presentation of the Network LNG Norway with Go LNG Interreg Project Bergen 18 th May 2017 Egil Rensvik, Project Manager, Network

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

Dry and Liquefied Gas to European Markets

Dry and Liquefied Gas to European Markets Dry and Liquefied Gas to European Markets Competing or Complementary? Graham Bennett Outline Introduction Supply/Demand changes affecting the gas market Innovations impacting gas import/export options

More information

Chalmers University of Technology

Chalmers University of Technology NATURAL GAS AS A TRANSITION FUEL - AN OUTLOOK ON THE EUROPEAN GAS MARKET Jan Kjärstad, Filip Johnsson Department of Energy and Environment, Energy Conversion Workshop on Climate Change and Energy Pathways

More information

Disclaimer. Confidential. Property of GNL Québec Inc All rights reserved.

Disclaimer. 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 information

LNG Infrastructure & Development. K.K. Sinha Director Essar Ports Ltd.

LNG Infrastructure & Development. K.K. Sinha Director Essar Ports Ltd. LNG Infrastructure & Development K.K. Sinha Director Essar s Ltd. Gas in Global Energy Basket (2016) Million tonnes oil Equ. Gas Consumption (Domestic v/s Trade) Trade Distribution (Pipeline V/s LNG) 592,

More information

West Coast -- Cabrillo Port: Cracking the California Code

West Coast -- Cabrillo Port: Cracking the California Code West Coast -- Cabrillo Port: Cracking the California Code Platt s 5th Annual LNG Conference Houston, Texas May 2006 BHP Billiton is the World s largest diversified resources company Petroleum 19% Aluminium

More information

Gas in Power Generation Sector, the story as told by Jodi-Gas database.

Gas in Power Generation Sector, the story as told by Jodi-Gas database. 1 GECF Gas in Power Generation Sector, the story as told by Jodi-Gas database. Mohamed Arafat Data Bank Analyst, GECF 14th Regional JODI Training Workshop 9-11 November 2016, Moscow, Russia 2 Agenda Why

More information

Golar LNG Ltd. The Floating Gas Pipeline The Company and the Market Presentation Carnegie November 26 th

Golar LNG Ltd. The Floating Gas Pipeline The Company and the Market Presentation Carnegie November 26 th Golar LNG Ltd. The Floating Gas Pipeline The Company and the Market Presentation Carnegie November 26 th - 200 Current Gas Prices November 200 Area Reference Price MMBtu Europe IPE Transco Balancing $

More information

Gas Market Report 2017

Gas Market Report 2017 Gas Market Report 2017 Center on Global Energy Policy, Columbia/SIPA Columbia Club, 13 July 2017 IEA Gas in today s world q The contribution of gas Versatile fuel within the energy system, helping to address

More information

Panama Canal and LNG: Congestion Ahead?

Panama Canal and LNG: Congestion Ahead? April 218 Panama Canal and LNG: Congestion Ahead? Background and Introduction With the ongoing expansion of US LNG exports from projects under construction and a long list of new US projects (yet to receive

More information

Attachments 21 Convegno della Sezione Componentistica ANIMP, 24 1 novembre 2015

Attachments 21 Convegno della Sezione Componentistica ANIMP, 24 1 novembre 2015 Attachments 21 Convegno della Sezione Componentistica ANIMP, 24 novembre 2015 1 SEZIONE COMPONENTISTICA D IMPIANTO ANIMP Market trends : Oil & Gas Midstream Index: LNG - Liquefaction Regasification Midstream

More information

International Energy Outlook: key findings in the 216 Reference case World energy consumption increases from 549 quadrillion Btu in 212 to 629 quadril

International Energy Outlook: key findings in the 216 Reference case World energy consumption increases from 549 quadrillion Btu in 212 to 629 quadril EIA's Global Energy Outlook For The Institute of Energy Economics, Japan October 5, 216 Japan By Adam Sieminski, Administrator U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov

More information

Outlook for Gas Markets

Outlook for Gas Markets IEEJ IEEJ:Published 2015 年 7 in 月 August 禁無断転載 2015 All rights reserved The 420th Forum on Research Work July 10, 2015 Outlook for Gas Markets The Institute of Energy Economics, Japan Tetsuo Morikawa Manager,

More information

Bcma Global LNG Liqufaction capacity existing & FID d/under construction

Bcma Global LNG Liqufaction capacity existing & FID d/under construction OXFORD INSTITUTE FOR ENERGY STUDIES Natural Gas Research Programme Asian LNG Market Development to 2025: pricing and contractual challenges Professor Jonathan Stern Chairman and Senior Research Fellow

More information

The Economics of LNG Export Contract Flexibility: a quantitative approach

The Economics of LNG Export Contract Flexibility: a quantitative approach The Economics of LNG Export Contract Flexibility: a quantitative approach By Yichi Zhang, 29 October 2012, EPRG weekly seminar Supervisors: Pierre Noel, Chi Kong Chyong shebazhang@gmail.com Introduction

More information

The impact of US LNG on European gas prices

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 information

Challenges of Fracking for the MENA Region Martin Bachmann, Member of the Board

Challenges of Fracking for the MENA Region Martin Bachmann, Member of the Board Challenges of Fracking for the MENA Region Martin Bachmann, Member of the Board NUMOV German MENA Conference Berlin, 26 January 2017 Simplified Model of Hydrocarbon Deposits Conventional versus Unconventional

More information

BP Energy Outlook 2017 edition

BP Energy Outlook 2017 edition BP Energy Outlook 217 edition Margaret Chen Head of China Economist bp.com/energyoutlook #BPstats Economic backdrop Contributions to GDP growth by factor Contributions to GDP growth by region % per annum

More information

northeast group, llc Middle East & North Africa Smart Grid: Market Forecast ( ) Volume III October 2015

northeast group, llc Middle East & North Africa Smart Grid: Market Forecast ( ) Volume III October 2015 northeast group, llc Middle East & North Africa Smart Grid: Market Forecast (2015 2025) Volume III October 2015 www.northeast-group.com Middle East & North Africa Smart Grid: Market Forecast (2015 2025)

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

Tapping a Hidden Resource: Energy Efficiency in the Middle East and North Africa

Tapping a Hidden Resource: Energy Efficiency in the Middle East and North Africa Tapping a Hidden Resource: Energy Efficiency in the Middle East and North Africa Alex Kremer & Dominique Lallement Consultation Workshop Tunis, November 25-26, 2008 STRUCTURE OF THE REPORT chapter 1 2

More information

HACC/NACC SHIP CONFERENCE NEW YORK CITY - FEB. 5, Overview of the Liquified Natural Gas Market (LNG)

HACC/NACC SHIP CONFERENCE NEW YORK CITY - FEB. 5, Overview of the Liquified Natural Gas Market (LNG) HACC/NACC SHIP CONFERENCE NEW YORK CITY - FEB. 5, 20002 Overview of the Liquified Natural Gas Market (LNG) By Sveinung J. Stohle, Executive Vice President, Golar LNG Ltd. Agenda 1. Golar LNG Ltd. 2. Market

More information

H. E. Yoichi Miyazawa, Minister of Economy, Trade and Industry, Japan

H. E. Yoichi Miyazawa, Minister of Economy, Trade and Industry, Japan Summary Statement LNG Producer-Consumer Conference 16 September 2015 Tokyo The Ministry of Economy, Trade and Industry (METI) The Asia Pacific Energy Research Centre (APERC) The fourth LNG Producer-Consumer

More information

Qatargas: Achieving & Maintaining our LNG Market Presence

Qatargas: Achieving & Maintaining our LNG Market Presence Qatargas: Achieving & Maintaining our LNG Market Presence LNG 17 April 2013 Houston, USA Alaa Abu Jbara Chief Operating Officer Commercial & Shipping Disclaimer This presentation contained forward-looking

More information

Gas security and emergency preparedness

Gas security and emergency preparedness Gas security and emergency preparedness Didier Houssin Director, Sustainable Energy Policy and Technology G20 Energy Sustainability Working Group Melbourne, 11 February 2014 OECD/IEA 2012 2014 Gas is seeing

More information

Today 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

Today 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 information

European Gas Sources and Supply Costs Graham Freedman Principal European Energy Global Insight

European Gas Sources and Supply Costs Graham Freedman Principal European Energy Global Insight EU RO PEA N FU EL PRI CE CO N FEREN CE 12 European Gas Sources and Supply Costs Graham Freedman Principal European Energy Global Insight Outline Sources of Gas Pipeline Considerations LNG Considerations

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

IDP Streamlined Visa Processing

IDP Streamlined Visa Processing IDP Streamlined Visa Processing Implementation and Challenges IDP s perspective Cynthia Celestine Manager, Operational Improvements IDP Education October 2012 Implementing SVP: IDP s Proactive Approach

More information

Crude Oil Price Volatility Crude oil price continued to be volatile (US$/bbl) Continued upswing in Collapse after Rehman shock Price surge aft

Crude Oil Price Volatility Crude oil price continued to be volatile (US$/bbl) Continued upswing in Collapse after Rehman shock Price surge aft Current Situation and Outlook for the Oil & Gas (LNG) Market Session 2 IEEJ/CNPC ETRI Joint Symposium November 8 th, 2017 Dr. Ken Koyama Chief economist and managing director Institute of Energy Economics,

More information

WORLD ENERGY OUTLOOK. 9 th Annual GPCA Forum. Information Analytics Expertise NOVEMBER 23, 2014

WORLD ENERGY OUTLOOK. 9 th Annual GPCA Forum. Information Analytics Expertise NOVEMBER 23, 2014 Information Analytics Expertise NOVEMBER 23, 214 WORLD ENERGY OUTLOOK 9 th Annual GPCA Forum Blake Eskew, Vice President IHS Energy - Oil Markets & Downstream +1 713 331 4 Blake.Eskew@ihs.com 214 IHS Short

More information

Natural Gas: Challenges for the Industry, the LNG Chain, and Implications for Market Structure

Natural 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 information

What s next for Alaska gas

What 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 information

WELCOME TO GAZPROM EXPORT

WELCOME TO GAZPROM EXPORT WELCOME TO GAZPROM EXPORT A 100% SUBSIDIARY OF GAZPROM JSC Moscow March, 2015 MEET GAZPROM EXPORT MAIN DIRECTIONS OF NATURAL GAS SUPPLIES Europe Asia-Pacific 2 OUR NEW HEADQUARTERS AT OSTROVSKY SQUARE

More information

Status and Progress of CPFs in the NENA Region February 2016 FAO RNE Regional Professional Staff Meeting

Status and Progress of CPFs in the NENA Region February 2016 FAO RNE Regional Professional Staff Meeting Status and Progress of CPFs in the NENA Region Status of CPFs (as of January 2016) 2 PLANNED: Libya & Syrian Arab Republic 6 EXPIRING IN THE NEXT BIENNIUM: Algeria, Egypt, Iran, Iraq, Mauritania, Morocco

More information

LNG storage: a growth story? StocExpo Rotterdam commercial manager

LNG storage: a growth story? StocExpo Rotterdam commercial manager LNG storage: a growth story? StocExpo Rotterdam 17-03-2015 stefaan.adriaens@gateterminal.com, commercial manager Do I have your attention? Goldman Sees LNG as Biggest Commodity After Crude This Year (Bloomberg)

More information

RATIO OIL EXPLORATION (1992)

RATIO OIL EXPLORATION (1992) RATIO OIL EXPLORATION (1992) Limited Partnership [1] Partnership Presentation May 2016 DISCLAIMER This presentation was prepared by Ratio Oil Exploration (1992) Limited Partnership (the Partnership or

More information

Gate terminal Gas Access To Europe

Gate terminal Gas Access To Europe Gate terminal Gas Access To Europe 1 Gate terminal builds first Dutch LNG terminal Analyst Conference Call 18 December 2007 @ 13.30 hour (CET) Jack de Kreij CFO and Member of the Executive Board 2 Agenda

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