Gas Infrastructure Development:

Transcription

1 Gas Infrastructure Development: Mr. Pitak Janyapong Executive Vice President, Strategic Planning Department Gas Business Unit, PTT Public Company Limited January 29, 2015

2 agenda I. ASEAN GAS OUTLOOK II. NATURAL GAS DEVELOPMENT & OUTLOOK IN THAILAND III. THAILAND INFRASTRUCTURE EXPANSION STRATEGY SECURITY, RELIABILITY & FLEXIBILITY ASEAN INLAND LNG HUB IV. CONCLUSION 2

3 (MMSCFD) At present, ASEAN is a net exporter of natural gas, but in the future, it might become a net importer 25, Total Production = 19,009 MMSCFD 2030 Net Gas Import = 80 MMSCFD 2030 Total Demand = 21,540 MMSCFD 2030 Total Production = 21,460 MMSCFD 20, Net Gas Export = 5,672 MMSCFD 15,000 10,000 5, Total Demand = 13,337 MMSCFD Brunei Cambodia Indonesia Laos Malaysia Myanmar Philippines Singapore Thailand Vietnam Gas Production SOURCE: Wood Mackenzie (2014) 3

4 Today, Thailand already consume more natural gas than they can produce GAS Unit : MMSCFD Production Consumption Brunei Net Export 1, , Net Export Brunei Cambodia Net Export Cambodia Indonesia Net Export 7,312 3,857 7,118 6,640 Net Export Indonesia Laos Laos Malaysia Net Export 5,678 3,216 6,086 4,273 Net Export Malaysia Myanmar Net Export 1, ,013 Net Export Myanmar Philippines Self Producer Net Import Philippines Singapore Net Import 1, ,585 Net Import Singapore Thailand Net Import 2,249 3,466 1,563 4,893 Net Import Thailand Vietnam Self Producer ,245 2,746 Net Import Vietnam SOURCE: Wood Mackenzie (2014) Total Production = 19,009 Consumption = 13,337 Net Export = 5,672 Total Production = 21,460 Consumption = 21,540 Net Import = 80 4

5 Natural Gas Development Natural gas in Thailand is an valuable resource, it is a clean energy and a petrochemical feedstock to value added. As a result, demand for gas has grown rapidly with continued expansion of infrastructure Myanmar P/L GSP 5 NGV LNG Terminal ESP & GSP 6 4 th P/L Provincial P/L MMscfd 6,000 1 st P/L GSP 1 GSP 2 2 nd P/L GSP 3 Nampong P/L GSP 4 3 rd P/L Industry NGV GSP Power 5,000 4,000 3,000 2,000 1,

6 Natural Gas Value Chain: Value are maximized to the sourced natural gas C 1 (Methane) SUPPLY DEMAND LNG N.G. C 1 (Methane) Power Industry To reduce import and increase energy efficiency Myanmar N.G. C 3 & C 4 (LPG) NGV (CNG) LPG for household & transport Onshore GSP 1-6 & ESP Petrochemical Feedstock C 2 (Ethane) C 3 (Propane) Packaging Value Added Automobile Electrical & Electronic Gulf of Thailand N.G. C 3 & C 4 (LPG) C 5+ (NGL) Construction Fiber & Textiles Agriculture & Others 6

7 A Strong Demand Growth Outlook MMscfd 7,000 6,000 5,000 4,000 3,000 2,000 1,000 2,635 8% 14% 78% Gas demand forecast (CAGR during ) : Total ~2% : Power ~3% : GSP ~-2% : Industry ~2% : NGV ~3% 4,800 7% 14% 21% 58% NGV Industry GSP Power 6,462 8% 13% 12% 67% Source : PTT 7

8 Infrastructure expansion: to helps strengthen country security of supply Creating a loop, enhancing gas network Security, Reliability & Flexibiity 1 Nakhon Sawan Pipeline Network New Onshore Pipeline (5 th P/L) Looping East-West to increase security of network GPG Yadana Zawtika Yetagun FSRU Construct FSRU in Myanmar to strengthen gas supply from Myanmar FSRU, increase security of supply both the western and southern part of Thailand BVW#1 KHANOM RA#6 RPCL TECO RGCO WN NBK BPK SBK EPEC IPT GLOW GSP LNG REGGO ERAWAN CHANA 2 LNG Receiving Facilities To accommodate growing import of LNG 3 FSRU Construct FSRU in the Gulf of Thailand to supply gas to Khanom and Chana 8

9 1 Infrastructure Expansion: Pipeline Networks Provincial Pipeline to Nakorn Sawan 28-inch diameter pipeline Approximately 210 kilometers Provincial Pipeline to Nakorn Ratchasrima 28-inch diameter pipeline Approximately 160 kilometers Fourth Transmission Pipeline 42-inch diameter pipeline Approximately 300 kilometers Fifth Transmission Pipeline 9

10 2 Map Ta Phut Infrastructure Expansion: LNG Receiving Terminal 1 - Phase II Phase II Phase 1 Phase 2 Regasification Unit 5 MTPA 5 MTPA Jetty No. of Berth Maximum Size of Carrier (m 3 ) 1 264, ,000 LNG Full Containment Storage Tank (m 3 ) 160,000 X 2 160,000 X 2 Expected completion E 10

11 Infrastructure Expansion: New Terminal Option 1 Option 2 On shore LNG Receiving Terminal Long lead time (Construction 3-5 Years) 1 Relative higher cost 2 Land acquisition Floating Storage Regasification Unit (FSRU) Short Lead time (Construction 1-3 Years) 1 Relative lower cost 2 Unit deployed offshore Lower reliability due to weather down time Note: 1. Construction time does not included EIA study period 2. At regas capacity 3 mtpa 11

12 2 Infrastructure Expansion: Option 1 LNG Receiving Terminal 2 New On-shore LNG Receiving Terminal: 2nd LNG Receiving Terminal to accommodate import LNG higher than 10 MTPA Diversify LNG receiving location 12

13 3 Infrastructure Expansion: Option 2 - FSRU FSRU (Floating Storage and Regasification Unit): Supply Southern Part of Thailand to increase security of supply CHANA POWER PLANT 13

14 Thailand: Asean Energy Hub Thailand as a Center of inland LNG Supply 1. Supply LNG as alternative fuel of Diesel 2. Construct LNG station MY and ID supply natural gas to Asean 14

15 Explore Opportunity to Invest in LNG Value Chain Upstream Look for investment for operator or non-operator with partners Regasification Gas Distribution Liquefaction Invest in Projects with LNG equity lifting (N.A., East Africa project) Shale Gas Development in N.A. Shipping Invest in LNG receiving terminal in other countries Downstream of LNG business value chain : LNG satellite Invest with strategic partner in shipping business Supporting global LNG portfolio (LNG Trading portfolio) 15

16 Conclusion: Natural gas still the fuel for choice and Thailand will.. strengthen its Infrastructure to increase Security, Reliability & Flexibility be a center of inland LNG supply 16

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