The LNG economy environmental panacea or tariff disaster? Tom Parkinson 27 September 2011

Size: px
Start display at page:

Download "The LNG economy environmental panacea or tariff disaster? Tom Parkinson 27 September 2011"

Transcription

1 The LNG economy environmental panacea or tariff disaster? Tom Parkinson 27 September 211

2 Agenda SE Asia supply/demand LNG regasification prospects Impact on average gas prices Impact on marginal gas prices Conclusions 1

3 Agenda SE Asia gas supply/demand LNG regasification prospects Impact on average gas prices Impact on marginal gas prices Conclusions 2

4 Petajoules (PJ) Gas production in SE Asia appears to be keeping pace with consumption 9 8 Production Consumption Source: OECD, World Natural Gas Statistics 3

5 Consumption (PJ) Malaysia, Indonesia, and Thailand are the major regional consumers Brunei Myanmar Philippines Vietnam Singapore Thailand Indonesia Malaysia Source: OECD, World Natural Gas Statistics 4

6 Production (PJ) These three countries are also the largest regional producers Brunei Myanmar Philippines Vietnam Singapore Thailand Indonesia Malaysia Source: OECD, World Natural Gas Statistics 5

7 Consumption (PJ) Thailand and Singapore are already net consumers Malaysia 15 Singapore Thailand Indonesia 1 Philippines Vietnam 5 Myanmar Brunei Production (PJ) Source: OECD, World Natural Gas Statistics 6

8 Petajoules (PJ) PetroVietnam Gas Corporation projects a growing supply gap Gas Supply Base Case Demand High Case Demand Supply Gap Source: PetroVietnam, Vietnam Gas Industry & LNG Report, November 21 7

9 Petajoules (PJ) Similarly, Peninsular Malaysia faces a supply gap JDA West Natuna B Existing Domestic New Domestic Gas Demand Supply Gap Source: Tenaga National Berhad, Gas Requirement for Power Sector in Peninsular Malaysia, 28 8

10 Petajoules (PJ) Even Indonesia will struggle to maintain its current production levels Contracted Export Potential Domestic Demand Projected Supply 12 Contracted Domestic Demand Existing Supply Potential Supply Source: bpmigas, Indonesian Crude Oil and Gas Market, June 21 9

11 Agenda SE Asia gas supply/demand LNG regasification prospects Impact on average gas prices Impact on marginal gas prices Conclusions 1

12 LNG regasification is filling the production gap Liquefaction Regasification Operating Constructing Planned Rayong Bataan Batangas Possible Vung Tao Arun Brunei Satu/Dua/Tiga Medan Singapore Nusantara Semarang Bontang Donggi- Senoro Tangguh 11 Source: TLG compilation from various online sources Abadi

13 SE Asia regasification projects Project Location Online Date Capacity (MTPA) Map Ta Phut Rayong, Thailand (to 1) Nusantara FSRU Jakarta, Indonesia Singapore Singapore (to 6) East-Central Java FSRU Semarang, Indonesia Medan FSRU Medan, Indonesia Vietnam Vung Tao, Vietnam (to 3-6) Bataan Bataan, Philippines?? Batangas Batangas, Philippines?? Source: TLG compilation from various online sources 12

14 Capacity (MTPA) Regional regasification capacity could exceed 25 MTPA by Vung Tao Semarang Singapore Jakarta Medan Rayong Source: TLG compilation from various online sources This regas capacity is roughly equivalent to Thailand s current consumption 13

15 Agenda SE Asia gas supply/demand LNG regasification prospects Impact on average gas prices Impact on marginal gas prices Conclusions 14

16 Delivered Gas Price ($/GJ) Legacy gas prices are increasing throughout the region Malaysia Thailand Indonesia (Average) Indonesia (Marginal) Philippines Singapore Source: TLG compilation from various online sources and associated analysis 211

17 LNG Price ($/GJ) In SE Asia, LNG prices are pegged to oil prices via an S-curve Oil Price ($/bbl) Source: Andy Flower, Key Trends in LNG Markets in Asia, May

18 Delivered Gas Price ($/GJ) Delivered LNG prices are well above delivered cost of legacy gas LNG $1/bbl oil) Indonesia Malaysia Thailand Phiippines Singapore Source: TLG compilation from various online sources and associated analysis 17

19 Gas pooling mitigates impact of LNG prices Thailand example Legacy Gas Gas Separation Pool 1 Excess IPPs and SPPs EGAT Single Buyer Pool 2 EGAT Generation LNG 18

20 Gas Price ($/GJ) Nonetheless, average Pool 2 prices could grow at triple the rate of inflation 25 2 LNG 15 Pool Legacy Source: TLG analysis 19

21 Agenda SE Asia gas supply/demand LNG regasification prospects Impact on average gas prices Impact on marginal gas prices Conclusions 2

22 Despite pooling, marginal cost of generation is set by LNG price Legacy Gas Gas Separation Pool 1 Excess IPPs and SPPs EGAT Single Buyer Pool 2 EGAT Generation LNG GJ + 1 MWh 21

23 Real Levelised Cost ($/MWh) Pooling can distort incremental investment decision-making Fuel O&M Capital Coal Gas (Legacy) Gas (Pool 2) Gas (LNG) Source: TLG analysis 22

24 Carbon Emission (tonnes/mwh) Real Levelised Cost ($/MWh) Implicit carbon price is set by marginal investment economics Carbon Price = $144/tonne. Coal Gas Coal Gas 23 Source: TLG analysis Substitution of gas for coal in SE Asia implies a very high carbon price

25 Average 211 Gas Price ($/GJ) Lower gas prices would make carbon offsets less expensive in US and Europe US (Henry Hub) UK (NBP) SE Asia (LNG) Source: Bloomberg, TLG analysis 24

26 Agenda SE Asia gas supply/demand LNG regasification prospects Impact on average gas prices Impact on marginal gas prices Conclusions 25

27 Conclusions SE Asia is facing a supply gap, even in countries with surplus gas LNG liquefaction / regasification can meet rising gas demands Pooling arrangements can mitigate the effect of LNG prices nonetheless, average gas prices will increase sharply Pool pricing can mask the underlying marginal costs and thereby distort consumption and investment decision-making Implicit carbon prices in SE Asia will be set by the gap between coal and gas generation economics based on LNG prices Lower gas prices in the US and Europe may dictate lower carbon values. 26

28 The Lantau Group (HK) Limited 192a Tower Two, Lippo Centre 89 Queensway Hong Kong Tel:

Securing a Sustainable Energy (Gas) Future for Malaysia

Securing a Sustainable Energy (Gas) Future for Malaysia Securing a Sustainable Energy (Gas) Future for Malaysia 3 rd Energy Forum 12 th July 2011 Ezhar Yazid Jaafar General Manager, Strategic Planning Gas and Power Business, PETRONAS 2011 PETROLIAM NASIONAL

More information

Mike Thomas

Mike Thomas Money Costs Rising Costs, Complex Challenges, and No Silver Bullets: Why Technology and Better Analysis Matter More than Ever for the Utilities Industry Environmental Costs Security Costs Mike Thomas mthomas@lantaugroup.com

More information

Indonesia s Generation Fuel Mix in an Era of Price Uncertainty Tom Parkinson 14 April 2015

Indonesia s Generation Fuel Mix in an Era of Price Uncertainty Tom Parkinson 14 April 2015 Indonesia s Generation Fuel Mix in an Era of Price Uncertainty Tom Parkinson 14 April 215 Who we are Helping Our Clients Create Value Market analysis and insights Asset valuation / M&A Policy / regulation

More information

UPSTREAM PERSPECTIVE ON INDONESIA GAS SUPPLY DEMAND. Jean-Francois Hery Head of Commercial Division

UPSTREAM PERSPECTIVE ON INDONESIA GAS SUPPLY DEMAND. Jean-Francois Hery Head of Commercial Division Marc Roussel / Total UPSTREAM PERSPECTIVE ON INDONESIA GAS SUPPLY DEMAND Jean-Francois Hery Head of Commercial Division DISCLAIMER This presentation may include forward-looking statements within the meaning

More information

LNG Demand Outlook in Asia; Indonesia Outlook. PT Pertamina (Persero)

LNG Demand Outlook in Asia; Indonesia Outlook. PT Pertamina (Persero) LNG Demand Outlook in Asia; Indonesia Outlook PT Pertamina (Persero) JCCP-15 24 July 2018-1 August 2018 South Asia, ASEAN and China will drive the LNG demand growth out to 2030 LNG Outlook 2016-2030, Million

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

The 55 th Meeting of APEC Energy Working Group (EWG) Hong Kong, China, May, Diego RIVERA RIVOTA APERC Researcher

The 55 th Meeting of APEC Energy Working Group (EWG) Hong Kong, China, May, Diego RIVERA RIVOTA APERC Researcher The 55 th Meeting of APEC Energy Working Group (EWG) Hong Kong, China, 16-17 May, 2018 Diego RIVERA RIVOTA APERC Researcher Total gas consumption in the APEC region, 2006-2016 Demand growth driven by the

More information

Gas Infrastructure Development:

Gas Infrastructure Development: Gas Infrastructure Development: Mr. Pitak Janyapong Executive Vice President, Strategic Planning Department Gas Business Unit, PTT Public Company Limited January 29, 2015 agenda I. ASEAN GAS OUTLOOK II.

More information

Solar Development in the Philippines 22 nd September. The Lantau Group

Solar Development in the Philippines 22 nd September. The Lantau Group Solar Development in the Philippines 22 nd September Who we are Electricity and Gas Experts Competition, Markets, Regulation, Policy Decisions Support Analysis Disputes Market Analysis Asset Valuation

More information

INTEGRATING NATURAL GAS INFRASTRUCTURE TO MARKET

INTEGRATING NATURAL GAS INFRASTRUCTURE TO MARKET INTEGRATING NATURAL GAS INFRASTRUCTURE TO MARKET PT Perusahaan Gas Negara (Persero) Tbk May 2014 GEO ENERGY CONFERENCE AND EXIBITION : 4th LNG Supply, Transport & Storage INTRODUCTION PGN IS A STATE OWNED

More information

Global LNG and SE Asia s rapidly emerging need for net imports. SE Asia s thirst for gas turns global March 2015

Global LNG and SE Asia s rapidly emerging need for net imports. SE Asia s thirst for gas turns global March 2015 Global LNG and SE Asia s rapidly emerging need for net imports SE Asia s thirst for gas turns global March 2015 Who is Risco Energy? Focused on upstream oil & gas asset investment in ASEAN SE Asia s thirst

More information

Global Gas Market Dynamics: Implications For East Med Oil and Gas. Athens, 8 December 2017

Global Gas Market Dynamics: Implications For East Med Oil and Gas. Athens, 8 December 2017 Global Gas Market Dynamics: Implications For East Med Oil and Gas Athens, 8 December 2017 BMI Research - Who We Are Breadth of Industry Coverage One of the world s largest, independent research house Unparalleled

More information

LNG Shipping: How Long Will The Good Times Last?

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

More information

ASEAN-India Gas Cooperation: Redefining India s Look East Policy with Myanmar

ASEAN-India Gas Cooperation: Redefining India s Look East Policy with Myanmar Chapter 4 ASEAN-India Gas Cooperation: Redefining India s Look East Policy with Myanmar Anindya Bhattacharya Tania Bhattacharya The Celestial Earth Consultants September 2014 This chapter should be cited

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

Oil & Gas in South East Asia

Oil & Gas in South East Asia GLOBAL ENERGY REVIEW Oil & Gas in South East Asia A Report by Dr Paul McDonald Consulting Editor, Oil and Energy Trends A survey of the oil and gas reserves of South East Asia; Together with an details

More information

[LNG MARKET ANALYSIS ] 1. LNG Market Analysis

[LNG MARKET ANALYSIS ] 1. LNG Market Analysis [LNG MARKET ANALYSIS ] 1 LNG Market Analysis LNG Market Analysis Volume: 8 th June 2018 LNG and Natural Gas Price Assessment 28 th May 8 th June 2018 [LNG MARKET ANALYSIS ] 2 LNG Analysis Stable to bullish

More information

Business as Usual (BAU) Preliminary Scenario Results

Business as Usual (BAU) Preliminary Scenario Results 6 th APEC Energy Demand and Supply Outlook Business as Usual (BAU) Preliminary Scenario Results Cecilia Tam Deputy Vice President, APERC Asia Pacific Energy Research Centre This presentation is for review

More information

Lecture 12. LNG Markets

Lecture 12. LNG Markets Lecture 12 LNG Markets Data from BP Statistical Review of World Energy 1991 to 2016 Slide 1 LNG Demand LNG demand is expected to grow from China, India and Europe in particular. Currently biggest importer

More information

Understanding the Value of Gas Infrastructure in Supporting Southeast Asia s Mid-Merit Power Demand Mike Thomas, Leo Lester, Liutong Zhang, IAEE

Understanding the Value of Gas Infrastructure in Supporting Southeast Asia s Mid-Merit Power Demand Mike Thomas, Leo Lester, Liutong Zhang, IAEE Understanding the Value of Gas Infrastructure in Supporting Southeast Asia s Mid-Merit Power Demand Mike Thomas, Leo Lester, Liutong Zhang, IAEE Conference, 20 June How do we unlock the value in LNG flexibility?

More information

Renewable Energy Policies in Southeast Asia. Renewable Energy Auctions: A New Paradigm for Asia ACEF, 8 June 2018

Renewable Energy Policies in Southeast Asia. Renewable Energy Auctions: A New Paradigm for Asia ACEF, 8 June 2018 Renewable Energy Policies in Southeast Asia Renewable Energy Auctions: A New Paradigm for Asia ACEF, 8 June 2018 Rising energy demand to sustain development in Southeast Asia GDP reached USD 2.5 trillion

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

3-2. LNG in the Asia-Pacific

3-2. LNG in the Asia-Pacific APERC Workshop at EWG52 Moscow, Russia, 18 October, 2016 3-2. LNG in the Asia-Pacific Favoring trade and rational market development Kirsten Smith Researcher, APERC Report Highlights Report Highlights

More information

Delivering Energy. Upstream Stranded Domestic Gas Potential to meet Energy Demand through LNG Value Chain: Lessons Learned from Senoro-DSLNG

Delivering Energy. Upstream Stranded Domestic Gas Potential to meet Energy Demand through LNG Value Chain: Lessons Learned from Senoro-DSLNG Delivering Energy Upstream Stranded Domestic Gas Potential to meet Energy Demand through LNG Value Chain: Lessons Learned from Senoro-DSLNG Eka Satria, Development Director - PT Medco Energi International

More information

Commercializing gas value chains to create and enhance demand for LNG. Ken Sauer Commercial 3 July 13, 2017

Commercializing gas value chains to create and enhance demand for LNG. Ken Sauer Commercial 3 July 13, 2017 Commercializing gas value chains to create and enhance demand for LNG Ken Sauer Commercial 3 July 13, 2017 Risco-AG&P: a snapshot The company RISCO-AG&P is a diversified oil and gas Infrastructure company

More information

Presentation of. Clean Energy Asia 2013: Renewable Energy Policies in Indonesia A Report Card. Mini hydro power plants

Presentation of. Clean Energy Asia 2013: Renewable Energy Policies in Indonesia A Report Card. Mini hydro power plants Presentation of Mini hydro power plants Answering Indonesia s power crisis with renewable energy solutions Micro hydro power systems Clean Energy Asia 2013: Renewable Energy Policies in Indonesia A Report

More information

Emerging Technologies for Small-Scale Grids

Emerging Technologies for Small-Scale Grids Small Scale LNG Emerging Technologies for Small-Scale Grids Tony Regan DataFusion Associates SIEW Thinktank Roundtable, Singapore 27 October 2017 DataFusion Associates DataFusion is a Singapore based energy

More information

INTERNATIONAL ENERGY AGENCY WORLD ENERGY INVESTMENT OUTLOOK 2003 INSIGHTS

INTERNATIONAL ENERGY AGENCY WORLD ENERGY INVESTMENT OUTLOOK 2003 INSIGHTS INTERNATIONAL ENERGY AGENCY WORLD ENERGY INVESTMENT OUTLOOK 2003 INSIGHTS Global Strategic Challenges Security of energy supplies Threat of environmental damage caused by energy use Uneven access of the

More information

Cogeneration potential in ASEAN and opportunities for European suppliers

Cogeneration potential in ASEAN and opportunities for European suppliers Cogeneration potential in ASEAN and opportunities for European suppliers Seminar on COGEN 3: A Business Facilitator Malmö Cannes - London Outline Cogeneration potential in ASEAN Cogeneration technology

More information

Outlook for Energy Market in Asia (India and ASEAN)

Outlook for Energy Market in Asia (India and ASEAN) 9 June, 2017 Smart Community Summit 2017 Outlook for Energy Market in Asia (India and ASEAN) Shigeru SUEHIRO Energy Data and Modelling Center (EDMC) The Institute of Energy Economics, Japan (IEEJ) 1 Energy

More information

The Importance of Infrastructure in Expanding Gas Demand. - Nanang Untung -

The Importance of Infrastructure in Expanding Gas Demand. - Nanang Untung - The Importance of Infrastructure in Expanding Gas Demand - Nanang Untung - LNG Malaysia Forum 2013 Kuala Lumpur, March 21 st, 2013 DISCLAIMER The presentation is made solely for the purpose of this event

More information

LNG Markets in Transition

LNG Markets in Transition J.P. Morgan Center for Commodities at the University of Colorado Denver Business School LNG Markets in Transition Anne-Sophie Corbeau Research Fellow, KAPSARC (Saudi Arabia) In its 52-year history, the

More information

Are European hubs driving global gas prices?

Are European hubs driving global gas prices? Are European hubs driving global gas prices? Flame 2017 Olly Spinks www.timera-energy.com olly.spinks@timera-energy.com 1 Timera Energy offers expertise on value & risk in energy markets Specialist energy

More information

Is gas the right fuel for power in the Philippines? Sarah Fairhurst. The Lantau Group, Hong Kong

Is gas the right fuel for power in the Philippines? Sarah Fairhurst. The Lantau Group, Hong Kong Is gas the right fuel for power in the Philippines? Sarah Fairhurst The Lantau Group, Hong Kong Gas currently fuels a third of the power generated in the Philippines and there is 2700MW of installed CCGT

More information

An Outlook of Renewable Energy Development in Malaysia

An Outlook of Renewable Energy Development in Malaysia An Outlook of Renewable Energy Development in Malaysia Biomass Asia Conference, 21 st May 2013 Amer Aqel Amer Nordin Consultant, Energy & Environment Amer Aqel Amer Nordin Functional Expertise Consulting

More information

Terminal Operators Conference 2018

Terminal Operators Conference 2018 Terminal Operators Conference 2018 Presented by: David Wignall Date: April 2018 Key talking points Insight into latest developments and challenges of Asia and Middle East infrastructure projects? The impact

More information

Energy Trade Flows. U.S. LNG-based natural gas exports

Energy Trade Flows. U.S. LNG-based natural gas exports Energy Trade Flows U.S. LNG-based natural gas exports Energy and the Economy: Charting the Course Ahead A joint conference hosted by the Federal Reserve Bank of Dallas and Federal Reserve Bank of Kansas

More information

Promoting regional cooperation in the Asia-Pacific gas industry, for sustainable development in the region

Promoting regional cooperation in the Asia-Pacific gas industry, for sustainable development in the region Natural Gas Trade as a Catalyst for Regional Market Integration Promoting regional cooperation in the Asia-Pacific gas industry, for sustainable development in the region Norio Ichino Chairman, The Japan

More information

LNG Infrastructure in Philippines Sarah Fairhurst. The Lantau Group

LNG Infrastructure in Philippines Sarah Fairhurst. The Lantau Group LNG Infrastructure in Philippines Sarah Fairhurst What drives LNG Infrastructure? Economic Drivers The use of LNG is cheaper than some alternative fuel Environmental Drivers The use of LNG reduces emissions

More information

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

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

More information

Developments in global gas markets & the impact on Asia LNG - my flexible friend in the face of uncertainty Neil Semple Singapore Round Table October

Developments in global gas markets & the impact on Asia LNG - my flexible friend in the face of uncertainty Neil Semple Singapore Round Table October Developments in global gas markets & the impact on Asia LNG - my flexible friend in the face of uncertainty Neil Semple Singapore Round Table October 2013 Key takeaways Post Fukushima Japan has been a

More information

Overview of Market Development in Asia =Future Energy Demand in Asia=

Overview of Market Development in Asia =Future Energy Demand in Asia= IEA BIOENERGY ExCo65 Overview of Market Development in Asia =Future Energy Demand in Asia= IEA Bioenergy Workshop May 12, 2010 Nara Hotel, Nara, Japan Shigeru KIMURA The Institute of Energy Economics,

More information

7. Liquefied Natural Gas (LNG)

7. Liquefied Natural Gas (LNG) 7. Liquefied Natural Gas (LNG) Figure 7-1: LNG supply chain Source; Total Liquid natural gas (LNG) is a good alternative to natural gas in remote locations or when the distance between the producer and

More information

International gas markets: recent developments and prospects

International gas markets: recent developments and prospects International gas markets: recent developments and prospects Christopher Allsopp New College Oxford Director, Oxford Institute for Energy Studies December 2012 International gas markets are changing rapidly

More information

Good morning ladies and gentlemen and thank your for the introduction. Trends and Opportunities in the Indonesian Oil and Gas sector

Good morning ladies and gentlemen and thank your for the introduction. Trends and Opportunities in the Indonesian Oil and Gas sector Good morning ladies and gentlemen and thank your for the introduction The title of my presentation today is: Trends and Opportunities in the Indonesian Oil and Gas sector 1 To convey my message and provide

More information

Energy Market in Asia-Pacific and Canada s Potential for Natural Gas Export. Shahidul Islam

Energy Market in Asia-Pacific and Canada s Potential for Natural Gas Export. Shahidul Islam Energy Market in Asia-Pacific and Canada s Potential for Natural Gas Export Shahidul Islam Objective Examine energy demand in Asia-Pacific Especially natural gas Canada s natural gas situation Potential

More information

Singapore s Import of LNG

Singapore s Import of LNG Singapore s Import of LNG Panel Session 4: New Procurement Behaviors by Consumers Presentation at LNG Producer-Consumer Conference Tokyo, Japan 10 Sep 2013 0 Singapore Electricity Fuel Mix Natural Gas

More information

Global Gas and LNG in Flux. Michael Smith, Gas Trading Analytics BIEE Gas Outlook Seminar, 10th October 2011

Global Gas and LNG in Flux. Michael Smith, Gas Trading Analytics BIEE Gas Outlook Seminar, 10th October 2011 Global Gas and LNG in Flux Michael Smith, Gas Trading Analytics BIEE Gas Outlook Seminar, th October 211 Cautionary Statement This presentation and its contents have been provided to you for informational

More information

The Southeast Asian Coal Market the Next Success Story?

The Southeast Asian Coal Market the Next Success Story? OPINION By Dr. Lars Schernikau President of HMS Bergbau Group, Singapore and Germany The Southeast Asian Coal Market the Next Success Story? CA Lucky Ebenhaezer Southeast Asia The five biggest coal importers

More information

11 th Asia Natural Gas Markets

11 th Asia Natural Gas Markets 11 th Asia Natural Gas Markets THE DEMAND FOR LNG FROM ASIA S POWER MARKET Tony Regan TRI-ZEN International Pte Ltd Singapore CONTENTS The call from power an overview of the likely evolution of demand

More information

Lantau Pique. From Hong Kong to Texas, With Love. In this edition. Feasible and affordable, but not necessarily cost-effective

Lantau Pique. From Hong Kong to Texas, With Love. In this edition. Feasible and affordable, but not necessarily cost-effective Our take on an issue of the day... February 2011 In this edition More and more countries in Asia are developing greenhouse gas emissions reduction strategies. In this Chinese New Year edition of Lantau

More information

ASIA PACIFIC ADVERTISING TRENDS

ASIA PACIFIC ADVERTISING TRENDS ASIA PACIFIC ADVERTISING TRENDS April 2017 Table of Contents Executive Summary 1-24 Sources And Methodology 3 Overview 4-8 Asia Pacific Advertising Revenue (US$ mil.) 5 Asia Pacific Advertising Market

More information

LNG in 2015 and MT perspectives

LNG in 2015 and MT perspectives CEDIGAZ, the International Association for Natural Gas LNG in 2015 and MT perspectives Geoffroy Hureau Secretary General - CEDIGAZ THE LNG MARKET IN 2015 (Preliminary estimates) LNG Demand grew 2% in 2015

More information

The Importance of Coal in the EAS Region

The Importance of Coal in the EAS Region Chapter 2 The Importance of Coal in the EAS Region Study on the Strategic Usage of Coal in the EAS Region Working Group June 2013 This chapter should be cited as Study on the Strategic Usage of Coal in

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

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

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

More information

Policy Brief. Anita Prakash

Policy Brief. Anita Prakash Economic Research Institute for ASEAN and East Asia Policy Brief NO. 2018-01, AUGUST 2018 ISSN: 2086-8154 Key Issues: Africa can benefit from trade, investment, and development cooperation through a measured

More information

Meeting the growing demand for gas from Asia: Prospects and challenges 1 Armelle Lecarpentier, Chief Economist, CEDIGAZ, France, January 2014

Meeting the growing demand for gas from Asia: Prospects and challenges 1 Armelle Lecarpentier, Chief Economist, CEDIGAZ, France, January 2014 Meeting the growing demand for gas from Asia: Prospects and challenges 1 Armelle Lecarpentier, Chief Economist, CEDIGAZ, France, January 2014 INTRODUCTION With a consumption of 645 billion cubic metres

More information

Exports growth moderated to 3.4% in May

Exports growth moderated to 3.4% in May Dr. Mohd Afzanizam Abdul Rashid Chief Economist 03-2088 8075 afzanizam@bankislam.com.my Mohd Sazlee Hidayatullah Intern 03-2088 8075 sazleeali@gmail.com Exports growth moderated to 3.4% in May Facts Malaysia

More information

Future Perspective of LNG Markets & Changes in Value Chain Management. Northeast Asia Petroleum Forum Sep. 22 nd, 2005 Seoul

Future Perspective of LNG Markets & Changes in Value Chain Management. Northeast Asia Petroleum Forum Sep. 22 nd, 2005 Seoul Future Perspective of LNG Markets & Changes in Value Chain Management Northeast Asia Petroleum Forum Sep. 22 nd, 2005 Seoul Yutaka KUNIGO Tokyo Gas Co., Ltd. High Supply & Demand Potential in Asia-Pacific

More information

Gas Pricing and Financing

Gas Pricing and Financing Gas Pricing and Financing Gigih Prakoso Pertamina Jakarta, 28 January 2015 PT Pertamina (Persero) Jln. Medan Merdeka Timur No.1A Jakarta 10110 Telp (62-21) 381 5111 Fax (62-21) 384 6865 http://www.pertamina.com

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

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

Natural Gas Demand Potential and Infrastructure in the EAS Region

Natural Gas Demand Potential and Infrastructure in the EAS Region Natural Demand Potential and Infrastructure in the EAS Region Prof. Hidetoshi Nishimura 2 Nov 2017 Bangkok 1 Large Demand Potential in ASEAN + India 3 Scenarios as to the share of natural gas in the additional

More information

GLOBAL LNG MARKET: ILLUSORY GLUT. December 2018

GLOBAL LNG MARKET: ILLUSORY GLUT. December 2018 GLOBAL LNG MARKET: ILLUSORY GLUT December 2018 In 2009-2018 average liquefaction capacity utilization decreased to the lowest historical levels 85% Global average liquefaction capacity utilization 93%

More information

H APAC LCOE UPDATE

H APAC LCOE UPDATE 12 August 2014 H2 2014 APAC LCOE UPDATE A race between renewable penetration and fuel prices Maggie Kuang A NOTE ON BNEF S EXPANDING LCOE UNIVERSE BNEF introduces a new, expanded and more regional approach

More information

LNG Market in Asia. - A Japanese Perspective on the LNG Industry - October 14 th, Industry Research Department

LNG Market in Asia. - A Japanese Perspective on the LNG Industry - October 14 th, Industry Research Department LNG Market in Asia - A on the LNG Industry - October 14 th, 216 Industry Research Department Copyright (c) Mizuho Bank, Ltd. All Rights Reserved. Contents 1 Energy Policies in Japan P. 2 2 P. 9 3 P. 15

More information

ASIA PACIFIC ADVERTISING TRENDS

ASIA PACIFIC ADVERTISING TRENDS ASIA PACIFIC ADVERTISING TRENDS March 2018 Executive Summary 1-50 Regional Summary 5-6 Sources And Methodology 7 Regional Overview 8-15 Net Advertising In Asia Pacific 8 Advertising Y/Y Growth By Segment

More information

Merrick White. Matters

Merrick White. Matters Merrick White Partner Corporate, Finance and Investments Singapore: +65 6303 6031 mjwhite@kslaw.com Merrick White specialises in global oil, gas, LNG, refining and petrochemical project development. As

More information

Mizuho Economic Outlook & Analysis The 16 th Questionnaire Survey of Japanese Corporate Enterprises Regarding Business in Asia (February 2016)

Mizuho Economic Outlook & Analysis The 16 th Questionnaire Survey of Japanese Corporate Enterprises Regarding Business in Asia (February 2016) Mizuho Economic Outlook & Analysis The 16 th Questionnaire Survey of Japanese Corporate Enterprises Regarding Business in Asia (February 16) May 16 Copyright Mizuho Research Institute Ltd. All Rights Reserved.

More information

March exports exceed estimates

March exports exceed estimates Dr. Mohd Afzanizam Abdul Rashid Chief Economist 03-2088 8075 afzanizam@bankislam.com.my March exports exceed estimates Facts Malaysia s exports posted a double growth for four straight months in March.

More information

Thailand s Developing Gas and Petrochemical Industry Prasert Bunsumpun President PTT Public Company Limited

Thailand s Developing Gas and Petrochemical Industry Prasert Bunsumpun President PTT Public Company Limited Thailand s Developing Gas and Petrochemical Industry Prasert Bunsumpun President PTT Public Company Limited March 16, 25 1 Thailand at a Glance Thailand is located in the heart of SE Asia Population of

More information

The Global Natural Gas Industry

The Global Natural Gas Industry The Global Natural Gas Industry Orlando CABRALES SEGOVIA Presidente de Naturgas, Colombia Regional Coordinator International Gas Union August 28 218 IGU Members serve 97% of the Worlds Gas Market 91 Charter

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

SOUTHEA ST ASIA ENERGY OUTLOOK EXECUTIVE SUMMARY. World Energy Outlook Special Report

SOUTHEA ST ASIA ENERGY OUTLOOK EXECUTIVE SUMMARY. World Energy Outlook Special Report SOUTHEA ST ASIA ENERGY OUTLOOK EXECUTIVE SUMMARY World Energy Outlook Special Report INTERNATIONAL ENERGY AGENCY The International Energy Agency (IEA), an autonomous agency, was established in November

More information

Session 3: Enhancing gas supply and diversification New sources & markets

Session 3: Enhancing gas supply and diversification New sources & markets Session 3: Enhancing gas supply and diversification New sources & markets IEF-IGU Gas Ministerial 22 nd November 218 Key messages: Enhancing gas supply and diversification new sources and markets Key messages

More information

Sturdy Exports Growth Improves Trade Balance to RM8.75 Billion

Sturdy Exports Growth Improves Trade Balance to RM8.75 Billion 5 June ECONOMIC REVIEW April External Trade Sturdy Exports Growth Improves Trade Balance to RM8.75 Billion Trade balance improved to RM8.75 billion in surplus. Trade balance recorded the highest value

More information

Evolving LNG Market and INPEX`s Value Chain Strategy

Evolving LNG Market and INPEX`s Value Chain Strategy Evolving LNG Market and INPEX`s Value Chain Strategy JOGMEC Techno Forum November 27th, 2018 Nobuyuki Higashi INPEX Corporation Changing LNG Market and New Business Model Changing LNG Market in Asia 2014

More information

SEAAOC 2010 South East Asia Australia Offshore Conference

SEAAOC 2010 South East Asia Australia Offshore Conference Santos Ltd ABN 80 007 550 923 Ground Floor, Santos Centre 60 Flinders Street Adelaide South Australia 5000 GPO Box 2455 Adelaide South Australia 5001 Direct: + 61 8 8116 5000 Facsimile: + 61 8 8116 6723

More information

Malaysia s oil and gas reserves

Malaysia s oil and gas reserves The Gas Era Malaysia s oil and gas reserves Billion Barrels 7 6 5 4 3 3.3 4.1 Oil Reserves 4.5 5.2 5.8 5.8 Trillion Standard cubic feet 120 100 80 60 52 Gas Reserves 85 84 85 89 98 2 1 0.9 40 20 18 0 1975

More information

Plenary Session 2: Natural gas: Market and policy hurdles to the golden age of gas. Bangkok Thailand. Background Paper

Plenary Session 2: Natural gas: Market and policy hurdles to the golden age of gas. Bangkok Thailand. Background Paper Plenary Session 2: Natural gas: Market and policy hurdles to the golden age of gas Bangkok Thailand Background Paper Disclaimer The observations presented herein are meant as background for the dialogue

More information

Exports grew lower than expected in June

Exports grew lower than expected in June Dr. Mohd Afzanizam Abdul Rashid Chief Economist 03-2088 8075 afzanizam@bankislam.com.my Mohd Sazlee Hidayatullah Intern 03-2088 8075 sazleeali@gmail.com Exports grew lower than expected in June Facts Total

More information

[LNG MARKET ANALYSIS ] 1. LNG Market Analysis

[LNG MARKET ANALYSIS ] 1. LNG Market Analysis [LNG MARKET ANALYSIS ] 1 LNG Market Analysis LNG Market Analysis Volume: 20 th April 2018 LNG and Natural Gas Price Assessment 14 th 20 th April 2018 [LNG MARKET ANALYSIS ] 2 LNG Analysis Global LNG prices

More information

Key Challenges for the Development of LNG

Key Challenges for the Development of LNG 17 th INTERNATIONAL CONFERENCE & EXHIBITION ON LIQUEFIED NATURAL GAS (LNG 17) 17 th INTERNATIONAL CONFERENCE & EXHIBITION ON LIQUEFIED NATURAL GAS (LNG 17) Key Challenges for the Development of LNG in

More information

Perusahaan Gas Negara Presentation to the investors. October 2010 update

Perusahaan Gas Negara Presentation to the investors. October 2010 update Perusahaan Gas Negara Presentation to the investors October 2010 update Disclaimer: The information contained in our presentation is intended solely for your personal reference. In addition, such information

More information

Cogeneration policies in ASEAN

Cogeneration policies in ASEAN Cogeneration policies in ASEAN 25 February 2004 Hilton City Hotel Brussels, Belgium Niels Beck-Larsen COGEN 3 1 EUROPE (EC) Population: 377 million * Installed Capacity: 541,138 MW ** *http://www.stat.fi/index_en.

More information

Energy Outlook for ASEAN+3

Energy Outlook for ASEAN+3 The 15 th ASEAN+3 Energy Security Forum March, 218 Energy Outlook for ASEAN+3 Ryo Eto The Institute of Energy Economics, JAPAN (IEEJ) Contents Introduction Modeling framework, Major assumptions TPES, FEC

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

Fabio Ballini World Maritime University

Fabio Ballini World Maritime University Pricing on gas: focus on LNG sectors Fabio Ballini World Maritime University What are the benefits of LNG? Environmental Benefits Table 3: Compering alterative technologies and fuels Source: SSPA, TC/1208-05-2100

More information

ASIAN OFFSHORE ENERGY CONFERENCE DISPUTES IN LNG CONTRACTS

ASIAN OFFSHORE ENERGY CONFERENCE DISPUTES IN LNG CONTRACTS ASIAN OFFSHORE ENERGY CONFERENCE 28 SEPTEMBER 2017 DISPUTES IN LNG CONTRACTS Bob Broxson BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company

More information

Investment Insights from Trends in Indonesian Gas Markets

Investment Insights from Trends in Indonesian Gas Markets Good morning Ladies and gentlemen and thank you for rising early to come and listen to what I have to say today. I trust I will make it worth your while. The title of my presentation today is: Investment

More information

Energy trade and connectivity in Asia and the Pacific. Vladimir Krasnogorskiy

Energy trade and connectivity in Asia and the Pacific. Vladimir Krasnogorskiy Energy trade and connectivity in Asia and the Pacific Vladimir Krasnogorskiy ENEA major trade flows 20,000,000.00 18,000,000.00 16,000,000.00 14,000,000.00 12,000,000.00 10,000,000.00 8,000,000.00 6,000,000.00

More information

Prospects of Asia-Pacific Gas Development, Japan's Effort

Prospects of Asia-Pacific Gas Development, Japan's Effort Prospects of Asia-Pacific Gas Development, Japan's Effort INPEX CORPORATION October, 2011 Northeast Asia Petroleum Forum 2011 Agenda 1. Global natural gas market 2. LNG demand forecast in Asia-Pacific

More information

HAPUA Heads of ASEAN Power Utilities/Authorities

HAPUA Heads of ASEAN Power Utilities/Authorities HAPUA Heads of ASEAN Power Utilities/Authorities Somchai Kokkamhaeng Director of Alternative Energy Development Division Electricity Generating Authority of Thailand ( EGAT ) HAPUA Under the Organization

More information

Introduction and Background of the ILSI Japan/MAFF Project

Introduction and Background of the ILSI Japan/MAFF Project International Conference on Infrastructure Needs for a Food Control System: Roadmap for Regional Harmonization Introduction and Background of the ILSI Japan/MAFF Project December 9, 2014 New Delhi, India

More information

Hub-based Pricing: European Lessons for Asia

Hub-based Pricing: European Lessons for Asia Hub-based Pricing: European Lessons for Asia Alexander Medvedev Deputy Chairman of Gazprom Management Committee, Director General of Gazprom Export GASTECH North East Asia Gas Pricing Gathering Seoul,

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

LNG Markets GDF SUEZ and its LNG activities

LNG Markets GDF SUEZ and its LNG activities LNG Markets GDF SUEZ and its LNG activities Paris 22 April 2013 Denis Bonhomme Executive VP Strategy GDF SUEZ LNG This presentation is not intended to provide the basis for any evaluation of GDF SUEZ or

More information

Indonesia s Opportunity in the Development of Unconventional Gas Resources

Indonesia s Opportunity in the Development of Unconventional Gas Resources Panel Discussion 3 Tapping Indonesia s Unconventional Gas Resources Indonesia s Opportunity in the Development of Unconventional Gas Resources By: Ho Sook Wah Chairman, Coordination Committee International

More information

Perusahaan Gas Negara Presentation to the investors. April 2011 update

Perusahaan Gas Negara Presentation to the investors. April 2011 update Perusahaan Gas Negara Presentation to the investors April 2011 update Disclaimer: The information contained in our presentation is intended solely for your personal reference. In addition, such information

More information