Norwegian Solutions for LNG in International Market

Transcription

1 Norwegian Solutions for LNG in International Market - LNG Seminar Mumbai 9th Feb Azam Ali Khan, Country Manager-India

2 Content o o o Introduction to NORWEP LNG Scenario Partner s Capability 2

3 Norwegian Energy Partners Norwegian Energy Partners is an independent non-profit foundation established to strengthen the long-term basis for value creation and employment in the Norwegian energy industry through expanding the industry s international business activities. Norwegian Energy Partners has 250 independent, operating companies as INTSOK and INTPOW partners from Founders: Norwegian Government Ministry of Petroleum and Energy Ministry of Trade and Industry Ministry of Foreign Affairs Professional Organisations Energy Norway Federation of Norwegian Industries Norwegian Oil and Gas Association Norwegian Shipowners Association The Norwegian Confederation of Trade Unions Industry Statoil StatkraftIndustries

4 International oil & gas turnover - 30 largest markets The four largest markets were UK (25), Brazil (19), USA (11) and Angola (9.5 bill. NOK), together representing half (49%) of export market value. Source: Rystad Energy 2017 "Internasjonal omsetning fra norske oljeserviceselskaper"

5 Oil & Gas Mid-stream Clusters in NORWEP

6 Competence Catalogues: Mapping capabilities and solutions norwegianenergysuppliers.com

7 Markets 2017

8 Natural gas to overtake coal in consumption energy mix Source: Swedbank (BP Energy Outlook 2016, Swedbank Research)

9 Transition from seller s to buyer s market LNG demand rose by 34mt in 2017 Liquefaction capacity is expected to grow by 94% globally from Though, as per Shell, LNG demand is expected to grow by 4-5% every year till countries imported LNG in 2016, up from 18 ten years ago Several countries started importing LNG in 2016 : Colombia, Jamaica, Pakistan Source Höegh LNG (Clarksons Platou, Shell LNG outlook 2017), Global Data s Report

10 Regional Activities in FSRU Market Number of FSRUs per operator Three established FSRU owners: Excelerate Höegh LNG Golar LNG Dynagas signed a deal with China s Hudong-Zhonghua for two FSRUs GasLog seeking to enter FSRU market Recent deals: HLNG Pakistan & Ghana both 20 years and EBITDA USD 36m Golar LNG/Brazil: USD 39m EBITDA, 25 years (GLNG part of the buyer consortium) Golar LNG/West Africa Gas Ltd (Ghana): 5 yrs, EBITDA USD 44m p.a. Exmar/Swan (India) BW Group/Pakistan Source: Swedbank Research (GIIGNL, Höegh MLP, Swedbank Research)

11 Typical Options for Regional Small Scale LNG Source: DNV GL Report

12 Höegh LNG Market leader Small scale LNG supply & terminal solutions The Höegh LNG platform Associated infrastructure Financial platform Core product: Full-scale FSRUs Scale 8 FSRU operating + 2 newbuilds Solid track record Diversified client and partnership base Banks

13 Small scale LNG value chain - opportunities Areas of Opportunity for Hoegh New small LNG carriers required for new projects (few small LNG carriers available to date) Feeder vessels Bunker vessels Regas barges (FSRUs) and pipeline distribution, or LNG distribution with trucks equipment LNG supply from available capacity on FSRU to serve as supply hub close to markets or from onshore terminals! Developing markets opportunities in the future! Full scale receiving terminal, Storage tank & re-gasification FSRU ~170,000m 3 Regional/Costal LNG Feeder 1,000-50,000m 3 Regional & local receiving terminal Storage tank & regasification onshore or Barge type FSRU 5,000-75,000m 3 Gas pipeline Tank Truck/rail m 3 LNG Bunker/heel vessel <10,000m 3 Power Plant Industry Offices/ Residences LNG as fuel to merchant fleet / Heel to LNG Cs Mining Gas as fuel for transportation

14 BW Gas BW has been involved in LNG shipping since the early 1970s. In the early 2000s, expanded LNG activities to take advantage of growth in LNG transportation, securing a number of longer term charters. Most recent growth has been through the deliveries of two LNG carriers and one Floating Storage Regasification Unit (FSRU). Current fleet comprises of 21 vessels, 18 vessels in operation and 3 newbuildings. Of the 21 vessels, 19 of them are LNG carriers whilst two of them are FSRUs. BW is focused on growing long-term relationships within the LNG industry and vessels are under contracts with quality customers such as Egas, Engie, NLNG, Pavilion Gas, Sinopec and Sonatrach.

15 Some names of Partners

16 Future Activity Coming Up with an India Focused LNG report by Q with strong focus on concrete business opportunities in Upcoming Projects This will be prepared in close co-operation with Network LNG,Innovation Norway and Industry

17 PROMOTING NORWEGIAN ENERGY CAPABILITIES IN INTERNATIONAL MARKETS Azam Ali Khan, Country Manager India Mumbai 9th Feb, 2018 norwep.com