Venezuela s Critical Role In North America Gas Market DOC ID

Transcription

1 Venezuela s Critical Role In North America Gas Market DOC ID

2 North American Natural Gas Demand Growth vs. Production North American demand growth estimated at 2% per annum will fuel LNG import growth Unmet Demand ~37 bcfd BCFD Canada/Mexico Demand North America Base Production NA "Frontier" Production US Demand NA New Production Additions Existing LNG Regas Capacity 2 2

3 Atlantic Basin LNG Supply & Terminals New Brunswick Regas Terminal Hackberry Altim era US Market Everett Cove Pt. Lake Charles Elba Bahamas S. Europe Market GOM Regas Terminal Venezuela Plataforma Deltana VLNG ALNG Brazil Market Nigeria WND LNG Angola LNG Namibia Kudu FLNG DOC ID

4 Latin America Natural Gas Reserves Mexico Trinidad Colombia Venezuela Peru Bolivia Brazil Argentina Source: Wood Mackenzie 4 4

5 Opportunity In Venezuela Mariscal Sucre Project Area Proposed Industrial Park Location Güiria ALNG 6d Pipeline To Maturin 162 miles Plataforma Deltana Project Area km Gas Field Prospect 5 5

6 Plataforma Deltana Blocks Dolphin Mahogany BG / CVX Cashima Corallita Cassia NEQB Immortelle BP Lantana EQB BG / CVX Manakin Trinidad Venezuela Kapok 1 LORAN DORADO 2 3 COCUINA 4 10 Km Asociación futura 5 6 6

7 Plataforma Deltana Blk 2 - Project Structure! Upstream development based upon P-50 discovered reserves with a high chance of geologic success! Pipeline project sized to include 3 rd party gas to transport up to 1 BCFD Development Plan Transportation Agreements! LNG Facility designed to produce up to 4.7 mtpa as train 2 of a new project located at Güiria, Vz. Gas Supply to LNG- Sales and Purchase Agreement LNG Sales and Purchase Agreement ex LNG plant! Shipping assumed tolling basis Shipping Agreement Allocation Agreement! Re-gas assumed tolling basis LNG Sale and Purchase Agreement 7 7

8 Conceptual Development : C&E Summary (Estimated costs for joint development of Block 2 & 6d) Segment Upstream* Subtotal Exploration Drilling Facilities 02$MM Centralized Pipeline LNG Facility De-Centralized Grand Total 2100 * Excludes Bonus & Sunk Cost Payment 8 8

9 Manatee Loran Joint Development fault Subsea tiebacks Proposed Manatee-1 fault Main Platform Trinidad Trinidad Venezuela Loran-1 Venezuela Gas line to next platform Loran-1 Subsea tiebacks 5 Km Unitized Area 9 9

10 Plataforma Deltana Timeline Exploration Phase Unitization Process Pre-Feed & Feed LNG Marketing Upstream Development LNG Plant Construction First Production 10 10

11 The LNG Value Chain to the US Multi-billion Dollar Investments Are Required to Develop and Construct a Value Chain to deliver LNG to US Markets Subsurface Development Liquefaction, Storage & Loading Shipping Receiving, Storage & Regasification Distribution & Marketing One obstacle has been securing enough firm terminal capacity in a regulated environment to justify grass-roots LNG projects 11 11

12 ChevronTexaco s Port Pelican Facility Venezuela Henry Hub Port Pelican Eliminates port congestion Significantly reduces emissions Berths large LNG Vessels Utilizes existing infrastructure 12 12

13 U.S. LNG Imports Port Pelican Adds Significant New Import Capacity Announced Expansions Port Port Pelican Pelican Existing Terminals Committed and creates the opportunity for LNG Sellers to secure significant long term LNG contracts benefiting both US and Host Country interests Does not include announced new terminals 13 13

14 Deliver LNG from Venezuela to US Markets Viable and Credible National Content Economic Development Large Discovered Gas Resources Near to Mid-term Development Timeframe Feasible Shipping Distances Available Ship Construction Slots Flexible Shipping Arrangements First Deepwater Port Application Accommodates State-of-Art LNG Vessels Meets Environmental Standards Expandable Connects Henry Hub Long Term Growth Provides Clean Energy 14 14