SPE DISTINGUISHED LECTURER SERIES is funded principally through a grant of the SPE FOUNDATION

Size: px
Start display at page:

Download "SPE DISTINGUISHED LECTURER SERIES is funded principally through a grant of the SPE FOUNDATION"

Transcription

1 SPE DISTINGUISHED LECTURER SERIES is funded principally through a grant of the SPE FOUNDATION The Society gratefully acknowledges those companies that support the program by allowing their professionals to participate as Lecturers. And special thanks to The American Institute of Mining, Metallurgical, and Petroleum Engineers (AIME) for their contribution to the program.

2 LNG Roaring Ahead Where Will it End? John Morgan John M. Campbell & Company Exclusive Provider of PetroSkills Facilities Training Headquarters Office 1215 Crossroads Blvd., Norman, OK USA (405) Office / (405) Fax / (303) Cell djm@jmcampbell.com / John M. Campbell & Co. and Other Copyright Holders All Rights Reserved

3 2005 Air Products & Chemicals, Inc. All Rights Reserved

4 $7 Billion Entry Fee

5 2008 ConocoPhillips Used With Permission All Rights Reserved

6 Liquefied Natural Gas (LNG) 1. Allows gas to be sold from remote suppliers Indonesia, Middle East, Australia, Algeria, etc. to industrialized countries, Japan, Korea, Spain, UK and USA 2. The largest producer of LNG is Qatar. 3. Was Indonesia but gas reserves depleted 4. The largest market for LNG is Japan 5. International trade in 2007 was ~165mtpy (Equivalent to 217BCMa)

7 WHAT IS LNG 96% Methane 3% Ethane 1% 0.1% Propane Butane Pentane + LPG NGL LNG LPG Liquid Petroleum Gas NGL Natural Gas Liquids LNG Liquid Natural Gas

8

9 Example LNG Properties -162 o C [-235 o F] at atmospheric pressure Rich Lean nitrogen methane ethane propane butanes approx. kg/m CV (higher) MJ/m

10 2004 LNG Journal & Reproduced with Permission An LNG Export Terminal with Multiple Expansions - Bontang, Indonesia

11 The Basic LNG Chain Gas Production LNG Production Shipping LNG Reception Gas Utilization

12 Common Engineering Units scf is the volume of gas at 14.7psi and 60 o F scm is the volume of gas at 101.3kPa and 15 o C 1MMscfd is 1,000,000scf/day 1m 3 = 35.3ft 3 Density of water = 1000kg/m 3 Molecular weight of air is 29 (28.97) Power 0.746kW = 1HP 1Btu is the energy required to raise the temperature of 1 lb water 1 o F 1Btu = 1.055kJ

13 Natural Gas Transportation Options Pipeline LNG MMscfd Gas-to-liquids 50 Electricity Uneconomic Distance to market, km

14 Nominal Gas Transportation Efficiency

15 Historical Development of LNG Trade Last 25 Years Projects grow from less than 1 mtpa to 4-6 mtpa New supplies to Japan, first imports to Korea, 1987, and Taiwan, 1990 Late 1990s present Slower growth in Asian LNG demand economic upsets Growth in LNG demand in Europe, USA and Caribbean New supply projects in Atlantic Basin and Middle East Today s LNG trade

16 LNG Industry Growth Historical Projected 5.5%/yr Source: CERA, CEDIGAZ

17 2005 Source NPC Demand is Met from Diverse Sources of Supply

18 LNG Imports Are Needed, but Face Obstacles 2005 Source NPC

19 The Basic LNG Chain Gas Production LNG Production Shipping LNG Reception Gas Utilization

20 The Contract Chain 1. Exploration licenses, production-sharing contracts 2. Gas sales to LNG Producer 3. LNG production joint venture agreement 4. Condensate/LPG production and sale 5. Government and local authority agreements 6. LNG sale and purchase agreement between LNG producer and LNG buyers

21 Gas Production Platform North Rankin A North-West Shelf Project, Australia 2005 LNG Journal & Reproduced with Permission

22 The Basic LNG Chain Gas Production LNG Production Shipping LNG Reception Gas Utilization

23 General Schematic Gas Liquefaction Terminal Pre-cooling and LPG Separation 2005 LNG Journal & Reproduced with Permission

24

25 Contaminants What s in gas (besides light hydrocarbons)? H 2 O CO 2 H 2 S S He N 2 Cl Hg As Waxes Asphaltenes etc. Sand Dinosaur Dust Lubricants Corrosion Inhibitors Mystery Stuff, etc.

26 Some Mercury Levels Worldwide microgm/m3 Mercury kg/a South America Far East Far East ,042 Far East Groningen Mid West P/L Based on 4mtpy LNG production (600MMscfd)

27 Mixed Refrigerant LNG Process

28 2005 Air Products & Chemicals, Inc. All Rights Reserved

29 MCR Heat Exchanger Tube Bundle Fabrication 2005 Air Products & Chemicals, Inc. All Rights Reserved

30 MCR Heat Exchanger Tube Bundle Fabrication 2005 Air Products & Chemicals, Inc. All Rights Reserved

31 MCR Heat Exchanger Tube Bundle Shipping 2005 Air Products & Chemicals, Inc. All Rights Reserved

32 The Liquefaction Heat Balance HEAT SINK 390MW NG 40C 60bar PROCESS 230MW LNG -162C 1bara POWER 160MW LNG Production 3.7mtpy (500tph) Based on a 3.7mtpy train

33 Centrifugal Compressors Horizontally Split Generally used in high volume/low pressure applications

34 Axial Turbine Blades

35 Overview of LNG Production Facilities Technologies Established Technologies ConocoPhillips (Optimized Cascade) APCI (Propane Precooled) New Process Technologies APCI (AP-X) Linde (MFC) Shell (DMR) IFP (Liquefin)

36 LNG Facility Comparison There are 80 operating trains with a total capacity of 197mtpy (2.5 mtpy/train) APCI C3MR (60) 152 mtpy 76.6% ConocoPhillips Optimised Cascade (9) 30mtpy 15.3% Shell C3MR(1) 4.2mtpy 2.3% Linde MFC (1) 4.2mtpy 2.1% Others (TEAL/SMR) (9) 7.3mtpy 3.7% There are 27 trains under construction with a total capacity of 137mtpy (5.1mtpy/train) APCI (14) 61mtpy 45% APCI AP-X (6) 47mtpy 34% ConocoPhillips Optimised Cascade (3) 10.5mtpy 7.7% Shell C3MR (2) 8.5mtpy 6.2% Shell DMR (2) 9.6mtpy 7.0%

37 ConocoPhillips Optimized LNG Process Courtesy ConocoPhillips Petroleum Company

38 Egypt Idku 2 Trains 3.4mtpy On stream in 2006 COP Optimised Cascade process Air cooled process Very long jetty Space for expansion

39 Darwin LNG: First LNG March 06

40 Atlantic LNG - Train Atlantic LNG All Rights Reserved

41 Atlantic LNG Train 4: 5.2mtpy from 8 Frame 5 GTs Started up in March 2006

42 Atlantic LNG Project Expansion Trinidad 2002 LNG Journal & Reproduced with Permission

43 Overview of LNG Production Facilities Trends Larger facilities Bigger Trains Bigger Turbines Reduce Environmental Impact CO 2 Produced with gas Developed by turbines NO x Marine Environment

44

45 Typical Project Schedule Greenfield LNG Export Project Year Upstream Terminal Site study drilling and appraisal design construction selection acquisition, approvals prepn. LNG Plant study concept design FEED EPC - construction Shipping study shipping arrangements ship building Project Structure & Evaluation study negotiations -j.v. evaluation Markets analysis marketing, sales agreements first LNG exports Financing advice and analysis securing financing 2000 LNG Journal All Rights Reserved

46 Photo Courtesy of CB&I All Rights Reserved

47 190,000m 3 LNG Storage Tank

48

49 The Basic LNG Chain Gas Production LNG Production Shipping LNG Reception Gas Utilization

50 1959 The Methane Pioneer 2004 LNG Journal & Reproduced with Permission

51 2008 Hamworthy, Used With Permission, All Rights Reserved

52 LNG Carrier Fleet As at 1 January 2008 the Carrier Fleet was 250 ships, average age 13 years 400 ships in % Membrane, 45% Moss, 3% others Small carriers 20-80,000m 3 Typical Carriers ,000m 3 New very large carriers on order for Qatar long distance trades ( ,000m 3 ). The order book is 142 ships Some Fleet owners now looking to replace older ships >35 years

53 One of the World s Smallest LNG Carriers The 19,100 m 3 Capacity Surya Aki

54 2008 Hamworthy, Used With Permission, All Rights Reserved

55

56

57 Partial Loading of LNG Cargoes Photo Courtesy of ABS

58 2002 LNG Journal & Reproduced with Permission A Typical Large-Size LNG Carrier The 135,000 m 3 Capacity Al Bidda

59 Qflex

60 2008 Hamworthy, Used With Permission, All Rights Reserved

61 2008 Hamworthy Used With Permission All Rights Reserved

62 2008 Hamworthy, Used With Permission, All Rights Reserved

63 The Basic LNG Chain Gas Production LNG Production Shipping LNG Reception Gas Utilization

64

65 Costs in an LNG Project Gas Gathering Liquefaction (1 train) Ships $250 m Regasification TOTAL US$ billion US$ billion US$ 1.3 billion US$ billion US$ billion Could easily reach $7,000,000,000

66 Negishi Terminal, Japan : Single Containment Tanks (background) Inground Tanks (foreground) 2002 LNG Journal & Reproduced with Permission

67

68 US LNG Terminal: Elba Island

69 The Basic LNG Chain Gas Production LNG Production Shipping LNG Reception Gas Utilization

70 Seasonal Demand Pattern Europe & North America

71 Gas Markets 1. Residential & Commercial a. Heating demand highly seasonal (low load factor) b. No fuel switching capabilities 2. Industrial a. Fuel for factories, chemical plants, steel mills, etc. b. Power generation for factories, chemical plants, steel mills, etc. c. Chemical feedstock ammonia, methanol, GTL d. High load factor e. Fuel switching capability

72

73 Ship-to-Ship Transfer

74 Gas Markets Power Generation a. Combined cycle most popular GT + waste heat boiler Eff.~55% Low CO 2 emissions 7 8 tonnes/mw compared to tonnes/mw for coal b. Higher load factor than residential & commercial c. Quick response to demand swings d. Summer demand higher than winter (A/C) e. Fuel switching capability

75 Gas-Fired Electric Power Generation 2002 GE All Rights Reserved

76 GE GAS TURBINES H-Technology MW combined cycle output Firing at 2600 F, 1430 C 23:1 compressor, 18 stages 4 stage turbine 60% combined cycle efficiency

77 Example Heating Values Japan Power Plant USA - Florida UK MJ/m3 Adapted from: Bramoulle, Morin and Capelle, LNG Quality and Market Flexibil Challenges and Solutions, LNG 14, Doha, Qatar 2004

78 Examples of Sales Gas Specifications Quality Water Content Dew Point H 2 S Total S USA 4-7lb H2O/MMscf 32 o F at 1000psi gr/100scf (4-16ppm vol) 5-20 gr/100scf ( ppm vol) Canada -10 o C at 7000kPa 65mg/std m mg/m 3 ( gr/100scf) Europe -8 o C@ 70barg 5mg/m mg/m 3 30mg/m 3 UK -10 o C@ 85barg 4mg/m 3 50mg/m 3 CO 2 2-3% 2% 2.5 mole% 2.0 mole% N 2 2-3% Typically not specified Typically not specified 5 mole% O 2 0.1% 0.4% 0.01 mole% mole% Hydrocarbon Dew Point +15 o 800psia -10 o Specified pressure -2 o C@70barg -2 o C@85barg Wobbe Index Typically not specified Typically not specified kWh/m MJ/m 3 Gross Heating Value btu/scf MJ/std m mj.m 45 MJ/std m kwh/m MJ/m 3

79 Gas Interchange Diagram Adapted from A Guide to the Gas Safety (Management) Regulations 1996 Guidance on Regulations Health & Safety Executive. Crown Copyright (UK) 1996 Non Methane components %

80 Commercial Trends 1. Rapid increase in capital cost 2. More competition, more risk-taking. Global supply strategies 3. Building ships/terminals in advance of firm supply/sales contracts. Merchant facilities 4. Increasing power generation market 5. Regional market trends a. Asia. Liberalization of existing markets. India. China. b. Europe. Open access. Market related prices. LNG and pipeline supplies. c. Americas. USA more terminals? Price volatility. d. Central/South America. 6. Market niches: small-scale supply projects, reception, satellites.

81 Flex LNG concept SPB type Cargo Containment Flat deck to mount process plant

82 LNG Roaring Ahead Where Will it End?

83 2008 Hamworthy, Used With Permission, All Rights Reserved

84 3. Effect on Marine Environment Use of air coolers Reduce Environmental Impact 1. Reduce CO2 Inject Produced CO2 Install most efficient drivers Cogeneration Larger Turbines Electric Motor Drivers 2. Reduce NOx Install Clean-burn technology

85 UK Gas Supply and Demand

86 World LNG Trade 2005 LNG Journal & Reproduced with Permission

87 Some of Today s Challenges in LNG..Many Permits for US Imports Crews for LNG Carriers LNG quality variations Security Materials and Staffing

88 LNG Roaring Ahead Where Will it End? John Morgan John M. Campbell & Company Exclusive Provider of PetroSkills Facilities Training Headquarters Office 1215 Crossroads Blvd., Norman, OK USA (405) Office / (405) Fax / (303) Cell djm@jmcampbell.com / John M. Campbell & Co. and Other Copyright Holders All Rights Reserved

89 Melkoya Island

90 StatoilHydro Snøhvit Plant Europe's first LNG export facility Capacity 4.2mtpy Linde MFC process First shipment 20 th October km tie-back to subsea templates CO 2 sequestration

91 THE END Thank You!

92

93

94

95

96 Bontang Train B Incident April 1983

97 Natural Gas Reserves/Consumption 1. Russia (Gazprom) 26.6%) 14.7% 2. Iran (NIOC) 14.9%) 56% 3.2% 3. Qatar (Qatargas) 14.3%) 0.6% 4. Saudi (Saudi Aramco) 3.8% 2.5% 5. UAE (Adnoc) 3.4% 1.5% 6. USA 3.0% 23.0% 7. Nigeria (NNPC) 2.9% 8. Algeria (Sonatrach) 2.5% 0.9% 9. Venezuela (PDVSA) 2.4% 1.1% 10. Iraq (INOC) 1.8% 11.Indonesia 1.5% 1.3% 12.Australia 1.4% 0.9% 13. Malaysia 1.4% 1.3% 14.China 1.3% 1.7% 15.Norway 1.3% 0.2% 16. ROW 17.5% 37.1% Courtesy BP Statistical Review 2006

98 Prices in 2006 (7) ($/MMBtu) Japan 7.14 EU 8.77 UK 7.87 USA (HH) 6.76 Oil (20) Current Prices 10-15

99 2008 Hamworthy, Used With Permission, All Rights Reserved

100

101 Costs in an LNG Project Gas Gathering Liquefaction (1 train) Ships $180 m Regasification TOTAL US$ billion US$ billion US$ 0.9 billion US$ 0.5 billion US$ billion Could easily reach $5,000,000,000

102

SPE DISTINGUISHED LECTURER SERIES is funded principally through a grant of the SPE FOUNDATION

SPE DISTINGUISHED LECTURER SERIES is funded principally through a grant of the SPE FOUNDATION SPE DISTINGUISHED LECTURER SERIES is funded principally through a grant of the SPE FOUNDATION The Society gratefully acknowledges those companies that support the program by allowing their professionals

More information

LNG Basics for Petroleum Engineers

LNG Basics for Petroleum Engineers LNG Basics for Petroleum Engineers Michael Choi Retired 1 To help protect your privacy, PowerPoint has blocked automatic download of this picture. Primary funding is provided by The SPE Foundation through

More information

SONATRACH PERSPECTIVES ON ASIAN LNG MARKETS

SONATRACH PERSPECTIVES ON ASIAN LNG MARKETS SONATRACH PERSPECTIVES ON ASIAN LNG MARKETS 65% of global gas demand growth by 2030 is expected to come from Asia, with traditional demand centers remaining stagnant Global gas demand by region to 2030

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

Edgardo Curcio President AIEE

Edgardo Curcio President AIEE Edgardo Curcio President AIEE The First National Conference on Liquefied Natural Gas for Transports - Italy and the Mediterranean Sea April 11, 2013 What is LNG? The LNG (Liquefied Natural Gas) is a fluid

More information

LNG basics. Juan Manuel Martín Ordax

LNG basics. Juan Manuel Martín Ordax LNG basics Juan Manuel Martín Ordax LNG basics Definition: Liquefied Natural Gas (LNG) is the liquid form of natural gas. LNG is a natural gas. LNG is a liquid. When cooled at atmospheric pressure to temperatures

More information

LNG Plant Overview. Seminar with Supplier Association Murmanshelf Murmansk, 15 May 2012 Jostein Pettersen

LNG Plant Overview. Seminar with Supplier Association Murmanshelf Murmansk, 15 May 2012 Jostein Pettersen LNG Plant Overview Seminar with Supplier Association Murmanshelf Murmansk, 15 May 2012 Jostein Pettersen Table of Content Part 1 : LNG plant overview (Jostein) Part 2 : Main equipment units (Jostein) Part

More information

Liquefied Natural Gas (LNG) Production and Markets. By: Jay Drexler, Dino Kasparis, and Curt Knight

Liquefied Natural Gas (LNG) Production and Markets. By: Jay Drexler, Dino Kasparis, and Curt Knight Liquefied Natural Gas (LNG) Production and Markets By: Jay Drexler, Dino Kasparis, and Curt Knight Outline Purpose of the presentation What is Liquefied Natural Gas? (LNG) LNG Operations Brief History

More information

LNG LIQUEFACTION, SHIP AND REGASIFICATION GAS MANAGEMENT PROGRAM DEPT. OF CHEMICAL ENGINEERING UNIVERSITY OF INONESIA

LNG LIQUEFACTION, SHIP AND REGASIFICATION GAS MANAGEMENT PROGRAM DEPT. OF CHEMICAL ENGINEERING UNIVERSITY OF INONESIA LNG LIQUEFACTION, SHIP AND REGASIFICATION GAS MANAGEMENT PROGRAM DEPT. OF CHEMICAL ENGINEERING UNIVERSITY OF INONESIA What is LNG? Source: IELE Typical properties of LNG LNG is simply natural gas that

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

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

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

LNG Projects & Markets Past, Present & Challenges Ahead

LNG Projects & Markets Past, Present & Challenges Ahead LNG Projects & Markets Past, Present & Challenges Ahead Presented by: Don Andress Mostefa Ouki Nexant [Part 2: Markets, Past, Present & Challenges Ahead] United States Association for Energy Economics

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

LNG Systems for Marine Application. LNG Reliquefaction & LNG Regasification. Oil & Gas Systems

LNG Systems for Marine Application. LNG Reliquefaction & LNG Regasification. Oil & Gas Systems LNG Systems for Marine Application LNG Reliquefaction & LNG Regasification Oil & Gas Systems LNG reliquefaction plant arrangement for a Q-flex membrane tanker Reliquefaction system for LNG Carriers Hamworthy

More information

Liquefied natural gas. Trust the industry s longest-serving turnkey contractor

Liquefied natural gas. Trust the industry s longest-serving turnkey contractor Liquefied natural gas Trust the industry s longest-serving turnkey contractor 2 Liquefied natural gas A leader in the buoyant LNG market TechnipFMC pioneered base-load LNG plant construction through the

More information

Yokogawa Corporation of America Receives Analyzer Systems and Shelters Order from Freeport LNG

Yokogawa Corporation of America Receives Analyzer Systems and Shelters Order from Freeport LNG PRESS RELEASE Yokogawa Corporation of America 12530 West Airport Blvd. Sugar Land, TX 77478 (800) 888-6400 Contact Us FOR IMMEDIATE RELEASE Date: August 8, 2016 Contact Phone: (800) 888-6400 Release #:

More information

The Role of GCC s Natural Gas in the World s Gas Markets

The Role of GCC s Natural Gas in the World s Gas Markets World Review of Business Research Vol. 1. No. 2. May 2011 Pp. 168-178 The Role of GCC s Natural Gas in the World s Gas Markets Abdulkarim Ali Dahan* The objective of this research is to analyze the growth

More information

Global LNG Market Overview

Global LNG Market Overview Global LNG Market Overview 27 September, 2018 Toronto stock exchange listed, global intelligence solutions Request a demonstration of Evaluate Energy at this link 1 Who we serve 2 Global natural gas supply

More information

Cargo Handling Systems. for LPG, NH3 & Ethylene. Oil & Gas Systems

Cargo Handling Systems. for LPG, NH3 & Ethylene. Oil & Gas Systems Cargo Handling Systems for LPG, NH3 & Ethylene Oil & Gas Systems Cargo handling systems for LPG, NH 3 & Ethylene Gas Carrier Technology Hamworthy s gas system know-how originates from its heritage with

More information

World LNG Report industry trends-

World LNG Report industry trends- World LNG Report-218 -industry trends- Satoshi Yoshida General Manager, International Section, Policy and Planning Department Japan Gas Association International Gas Union (IGU) Who we are Founded in 1931,

More information

Improving Natural Gas Liquefaction Plant Performance with Process Analyzers

Improving Natural Gas Liquefaction Plant Performance with Process Analyzers Process Analytics Improving Natural Gas Liquefaction Plant Performance with Process Analyzers LNG is natural gas in its liquid state with high energy density, which makes it useful for storage and transportation

More information

OUR CONVERSATION TODAY

OUR CONVERSATION TODAY OUR CONVERSATION TODAY Our goal is to raise the level of awareness around the natural gas supply chain among key stakeholders in order to facilitate positive working relationships and more informed decision

More information

Rice World Gas Trade Model: Russian Natural Gas and Northeast Asia

Rice World Gas Trade Model: Russian Natural Gas and Northeast Asia Rice World Gas Trade Model: Russian Natural Gas and Northeast Asia Peter Hartley Kenneth B Medlock III James A. Baker III Institute of Public Policy RICE 1 Overview and motivation Worldwide, the demand

More information

Powering Asia: The Role of Gas Address to the Melbourne Mining Club David Knox, Chief Executive, Santos. 4 February 2010

Powering Asia: The Role of Gas Address to the Melbourne Mining Club David Knox, Chief Executive, Santos. 4 February 2010 1 Powering Asia: The Role of Gas Address to the Melbourne Mining Club David Knox, Chief Executive, Santos 2 4 February 21 Asia is the Engine of Energy Growth Billions of People 1 9 8 7 6 5 4 3 2 1 World

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

Energy in Perspective

Energy in Perspective Energy in Perspective BP Statistical Review of World Energy 27 Christof Rühl Deputy Chief Economist London, 12 June 27 Outline Introduction What has changed? The medium term What is new? 26 in review Conclusion

More information

Gas Markets Globalization: Perspectives and Limits

Gas Markets Globalization: Perspectives and Limits Gas Markets Globalization: Perspectives and Limits By: Sid Ahmed Hamdani, Senior Business Analyst, Sonatrach, Algeria Date:04 June 2012 Venue: Kuala Lumpur Towards Gas Market Globalization? Increasing

More information

Rice University World Gas Trade Model

Rice University World Gas Trade Model Rice University World Gas Trade Model Peter Hartley Kenneth B Medlock III Jill Nesbitt James A. Baker III Institute of Public Policy RICE 1 What does the model capture? World gas supply potential is large

More information

PERP Program LNG Receiving Terminals New Report Alert

PERP Program LNG Receiving Terminals New Report Alert PERP Program LNG Receiving Terminals New Report Alert February 2007 Nexant s ChemSystems Process Evaluation/Research Planning program has published a new report, LNG Receiving Terminals (05/06S12). To

More information

Large LNG plant capabilities for capacity >2 MTPA Benefit from economies of scale and proven technology

Large LNG plant capabilities for capacity >2 MTPA Benefit from economies of scale and proven technology Large LNG plant capabilities for capacity > MTPA Benefit from economies of scale and proven technology Benefits to our customers: Economical Production Air Products natural gas liquefaction processes and

More information

LNG Perspective. IBC Working Committee Duisburg. MAN Energy Solutions - Russia. th, 2019

LNG Perspective. IBC Working Committee Duisburg. MAN Energy Solutions - Russia. th, 2019 LNG Perspective IBC Working Committee Duisburg Januarz January, 29 the th, 29 2019 th, 2019 MAN Energy Solutions - Russia LNG Export LNG import Introduction Trend: LNG increases the availability of 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

Development. and. Further

Development. and. Further 03 TowardGrowth Further Development and The Osaka Gas Group is actively investing in areas aimed at expanding new businesses as part of efforts to realize its long-term management vision and mediumterm

More information

Will the growth of LNG create a global gas market?

Will the growth of LNG create a global gas market? Will the growth of LNG create a global gas market? Chris Evans Vice President Global LNG Supply Shell Gas & Power FLAME, Amsterdam 25 th February 25 Increasing choice for consumers and producers Environmental

More information

GAZPROM IN EASTERN RUSSIA, ENTRY INTO ASIA-PACIFIC MARKETS

GAZPROM IN EASTERN RUSSIA, ENTRY INTO ASIA-PACIFIC MARKETS GAZPROM IN EASTERN RUSSIA, ENTRY INTO ASIA-PACIFIC MARKETS Moscow, June 8, 2017 Gazprom s Resource Base in Eastern Siberia and Russian Far East (bln m3, as of January 1, 2017) Gas reserves in Gazprom Group

More information

Argus Ethylene Annual 2017

Argus Ethylene Annual 2017 Argus Ethylene Annual 2017 Market Reporting Petrochemicals illuminating the markets Consulting Events Argus Ethylene Annual 2017 Summary Progress to the next peak of the economic cycle, now expected by

More information

NOVEL SCHEME FOR SMALL SCALE LNG PRODUCTION in POLAND. W.H. Isalski

NOVEL SCHEME FOR SMALL SCALE LNG PRODUCTION in POLAND. W.H. Isalski NOVEL SCHEME FOR SMALL SCALE LNG PRODUCTION in POLAND W.H. Isalski Presentation Overview The history of gas de-nitrogenation in Poland Changes in feed gas Changes in market conditions Expanding market

More information

CGL Production and Export Facilities

CGL Production and Export Facilities CGL Production and Export Facilities CGL Transportation CGL Receiving Terminals Building Great Projects: SeaOne Fuels Supply CG/LA 10 th North American Leadership Forum Presentation by Forrest E. Hoglund

More information

Heat Recovery Systems and Heat Exchangers in LNG Applications. Landon Tessmer LNG Technical Workshop 2014 Vancouver

Heat Recovery Systems and Heat Exchangers in LNG Applications. Landon Tessmer LNG Technical Workshop 2014 Vancouver Heat Recovery Systems and Heat Exchangers in LNG Applications Landon Tessmer LNG Technical Workshop 2014 Vancouver Presentation Overview LNG plant arrangement with heat recovery (OSMR Process by LNG Limited)

More information

Russia s Changing Role in the Global Gas Market

Russia s Changing Role in the Global Gas Market Russia s Changing Role in the Global Gas Market Dr. Tatiana Mitrova Head of Oil and Gas Department Energy Research Institute of the Russian Academy of Sciences Daegu June 18, 2013 1 1 CHANGING GLOBAL GAS

More information

Maximized Values of LNG Specifications in the LNG Industry: Producer and Buyer Perspectives

Maximized Values of LNG Specifications in the LNG Industry: Producer and Buyer Perspectives Maximized Values of LNG Specifications in the LNG Industry: Producer and Buyer Perspectives Joseph H. Cho, Ph.D., P.E. Director of Houston Tech. Center Jaeyoung Yang, Ph.D. Senior Process Engineer D. Y.

More information

GGFR. Methane Expo Best practices for evaluating and reducing emissions from oil and gas production An evaluation of Flare Gas Reduction Opportunities

GGFR. Methane Expo Best practices for evaluating and reducing emissions from oil and gas production An evaluation of Flare Gas Reduction Opportunities GGFR Methane Expo Best practices for evaluating and reducing emissions from oil and gas production An evaluation of Flare Gas Reduction Opportunities Bent Svensson March 12-15, 2013-1 - Today s presentation

More information

Six Keys to Floating Projects Success

Six Keys to Floating Projects Success Six Keys to Floating Projects Success Keys to Success The realization of has been drawing attention as a means of developing undeveloped marine gas fields and providing a liquefaction plant at sea. The

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

World LNG Trade 2014 & Outlook 2015

World LNG Trade 2014 & Outlook 2015 World LNG Trade 2014 & Outlook 2015 By: Global LNG Info (GLNGI) May 2015 www.globallnginfo.com LNG Trades 2014 (1) 239.2 MMT of LNG traded in 2014, effectively flat for the third year running as reduced

More information

DKRW, Medicine Bow and EOR

DKRW, Medicine Bow and EOR DKRW, Medicine Bow and EOR June 2007 DKRW Energy LLC Current Projects DKRW Wind Energy 505 MW operational in TX; 700 MW total under development 132 MW under development in Maine 800 MW under development

More information

Natural Gas Facts & Figures. Section 3: LNG

Natural Gas Facts & Figures. Section 3: LNG Natural Gas Facts & Figures Section 3: LNG September 214 3. LNG Trade movements Terminals for import, terminals for exports Liquefaction, regazeification LNG Fleet Sources : Total LNG group, PGCD special

More information

Natural Gas Industry Perspectives

Natural Gas Industry Perspectives Previsioni di Mercato Oil&Gas - Raffinazione, Chimico e Petrolchimico, Offshore, Techint S.p.A. energia convenzionale e alternativa Natural Gas Industry Perspectives Vittorio Folla Senior VP, Business

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

The Tassie Shoal Methanol and LNG Projects - Monetising stranded Timor Sea gas

The Tassie Shoal Methanol and LNG Projects - Monetising stranded Timor Sea gas Presentation to SPE Melbourne: The Tassie Shoal Methanol and LNG Projects - Monetising stranded Timor Sea gas 17 th June 2009 John Robert, Development Engineering Manager Bonaparte Basin gas fields ~25

More information

DSLNG Project Update. Andy Karamoy PT Donggi Senoro LNG. 4 th LNG Supply, Transport and Storage Indonesia May 2014 Bali, Indonesia

DSLNG Project Update. Andy Karamoy PT Donggi Senoro LNG. 4 th LNG Supply, Transport and Storage Indonesia May 2014 Bali, Indonesia DSLNG Project Update Andy Karamoy PT Donggi Senoro LNG 4 th LNG Supply, Transport and Storage Indonesia 19-21 May 2014 Bali, Indonesia Table of Contents 1. Introduction of Donggi Senoro LNG Project 2.

More information

The Gas Cycle in the 21 st Century

The Gas Cycle in the 21 st Century The Gas Cycle in the 21 st Century Stephen A. Holditch Schlumberger Outline The Past The Golden Age of Oil The Golden Age of Gas - Now The Gas Cycle What is it? LNG, GTL, Gas by Wire, UGS Conclusions 2

More information

"The Future of Gas : A Global Challenge" Session (1) Middle East Gas Supply

The Future of Gas : A Global Challenge Session (1) Middle East Gas Supply FIRST DOHA CONFERENCE ^jujaji ji*ij J^ - ON NATURAL GAS ^ ^ ^ V " H

More information

Teknologi Pemrosesan Gas (TKK 564) Instructor: Dr. Istadi (http://tekim.undip.ac.id/staf/istadi )

Teknologi Pemrosesan Gas (TKK 564) Instructor: Dr. Istadi (http://tekim.undip.ac.id/staf/istadi ) Teknologi Pemrosesan Gas (TKK 564) Instructor: Dr. Istadi (http://tekim.undip.ac.id/staf/istadi ) Email: istadi@undip.ac.id id Instructor s t Background BEng. (1995): Universitas Diponegoro Meng. (2000):

More information

Title slide. LNG Technology. Compiled by PD.Supriyadi

Title slide. LNG Technology. Compiled by PD.Supriyadi Title slide LNG Technology Compiled by PD.Supriyadi 1 What is LNG? Colorless, odorless, non toxic hydrocarbon in very low temperature liquid form (cryogenic) Mainly (90% plus) is Methane, the lightest

More information

REDUCE GREENHOUSE GAS EMISSIONS ACROSS THE LNG CHAIN

REDUCE GREENHOUSE GAS EMISSIONS ACROSS THE LNG CHAIN REDUCE GREENHOUSE GAS EMISSIONS ACROSS THE LNG CHAIN Chiu, Chen-Hwa, ChevronTexaco Energy Research and Technology Company Knaus, Chris, ChevronTexaco Energy Research and Technology Company Lewis, Craig,

More information

Upstream & Downstream

Upstream & Downstream 서유택 해양플랜트공학입문 Source : Dutch-SHELL Website (SHELL s Business Scope) Upstream & Downstream Exploring for oil / gas Mining oil sand Extracting bitumen Developing field Producing oil / gas CPF (Central Processing

More information

Offshore platform FEED Yutaek Seo

Offshore platform FEED Yutaek Seo Yutaek Seo Offshore platform FEED Processing in offshore platforms CPF Process General Reservoir Wellbore HC Products Crude Oil Stabilized Oil Oil Fluid (Black / Volatile Oil) Associated Produced Water

More information

ASIA IN THE WORLD ECONOMY

ASIA IN THE WORLD ECONOMY ASIA IN THE WORLD ECONOMY Section II: Energy Classes & Topics 6. Energy Demand 7. Energy Supply 8. Case Study: China Where Supply & Demand Meet 9. Energy & The Environment ASIA IN THE WORLD ECONOMY Class

More information

FLNG Economics and Market Potential

FLNG Economics and Market Potential FLNG Economics and Market Potential Philip Fjeld CEO, FLEX LNG Management Ltd Singapore, 10 February 2011 Private and Confidential Brief Introduction to FLEX LNG FLNG Market and Size Considerations FLNG

More information

Standardized, Modular Liquefaction Equipment and Technology

Standardized, Modular Liquefaction Equipment and Technology Standardized, Modular Liquefaction Equipment and Technology The world leader in equipment and technology brings vast expertise to the small and mid-scale market. Standardized and modular plant designs

More information

1 Monday, May 16, 16

1 Monday, May 16, 16 1 Chapter 12 Nonrenewable Energy Resources Nonrenewable Energy Nonrenewable energy resources- fossil fuels (coal, oil, natural gas) and nuclear fuels. U.S. Energy Use 13% 1% 19% 42% 25% Coal Natural Gas

More information

Meeting Asia LNG Demand in Challenging Cost and Price Enviroment

Meeting Asia LNG Demand in Challenging Cost and Price Enviroment Meeting Asia LNG Demand in Challenging Cost and Price Enviroment 9 th China-U.S. Oil and Gas Industry Forum G. M. (Chip) Schuppert, Jr Manager, Global LNG Marketing & Sales ConocoPhillips September 2009

More information

RIM LNG Trade Annual 2010 Edition

RIM LNG Trade Annual 2010 Edition RIM LNG Trade Annual 2010 Edition -Contents Volume 1 = Liquefacation Terminals in the world 1. Liquefacation Terminals in Asian Pacific Region 1 United states of America(Alaska) 2 Brunei 3 Indonesia 4

More information

Carbon Capture Options for LNG Liquefaction

Carbon Capture Options for LNG Liquefaction Carbon Capture Options for LNG Liquefaction ME-Tech 25 January 2011, Dubai Chris Sharratt Manager, Midstream Business Solutions Group Images: Courtesy of Woodside Energy Ltd Outline LNG liquefaction sources

More information

ROYAL DUTCH SHELL PLC LEADER IN GLOBAL GAS

ROYAL DUTCH SHELL PLC LEADER IN GLOBAL GAS ROYAL DUTCH SHELL PLC LEADER IN GLOBAL GAS DEFINITIONS AND CAUTIONARY NOTE Resources: Our use of the term resources in this announcement includes quantities of oil and gas not yet classified as Securities

More information

The Outlook for Global Oil and Natural Gas Resources

The Outlook for Global Oil and Natural Gas Resources The Outlook for Global Oil and Natural Gas Resources James Slutz Deputy Assistant Secretary Office of Fossil Energy U.S. Department of Energy Seventh Oil and Gas Industry Forum Hangzhou,, China Monday,

More information

The New Global Gas Market Dynamic. Emmanuel Grand, FTI-CL Energy

The New Global Gas Market Dynamic. Emmanuel Grand, FTI-CL Energy The New Global Gas Market Dynamic Emmanuel Grand, FTI-CL Energy May 2017 Contents I. Key uncertainties on gas demand II. Drivers of global LNG prices III. Conclusion 2 I. Key uncertainties on gas demand

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

REFRIGERATION CYCLES

REFRIGERATION CYCLES REFRIGERATION CYCLES Carnot Cycle We start discussing the well-known Carnot cycle in its refrigeration mode. Figure 2-1: Carnot Cycle In this cycle we define the coefficient of performance as follows:

More information

The future of LNG in Europe and the potential impact on the market power of the gas suppliers

The future of LNG in Europe and the potential impact on the market power of the gas suppliers Norwegian School of Economics and Business Administration Field of specialisation: CEMS / Economic Analysis Advisor: Rögnvaldur Hannesson Oslo, May 2007 The future of LNG in Europe and the potential impact

More information

MLNG DUA DEBOTTLENECKING PROJECT

MLNG DUA DEBOTTLENECKING PROJECT MLNG DUA DEBOTTLENECKING PROJECT Yahya Ibrahim Senior General Manager Malaysia LNG Malaysia yahyai@petronas.com.my Tariq Shukri LNG Consultant Foster Wheeler Energy Limited Reading, U.K. Tariq_shukri@fwuk.fwc.com

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

Marine Transportation of LNG. Intertanko Conference March 29, 2004 Bob Curt Ship Acquisition Manager, QatargasII Development

Marine Transportation of LNG. Intertanko Conference March 29, 2004 Bob Curt Ship Acquisition Manager, QatargasII Development Marine Transportation of LNG Intertanko Conference March 29, 2004 Bob Curt Ship Acquisition Manager, QatargasII Development Marine Transportation of LNG Topics What is LNG? History of LNG Marine Transportation

More information

The 3 rd International LNG Summit

The 3 rd International LNG Summit 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 Agenda Setting

More information

Freeport LNG Liquefaction Project

Freeport LNG Liquefaction Project 17 th INTERNATIONAL CONFERENCE & EXHIBITION ON 17LIQUEFIED th INTERNATIONAL NATURAL CONFERENCE GAS (LNG & EXHIBITION 17) ON LIQUEFIED NATURAL GAS (LNG 17) Freeport LNG Liquefaction Project

More information

Transport Week Conference Gdańsk 2018

Transport Week Conference Gdańsk 2018 MARITIME LNG as a fuel Future & safety LNG application & bunkering guidelines in the light of DNV GL s Recommended Practice (DNVGL-RP-G105) Transport Week Conference Gdańsk 2018 Jan Talaska 05 March 2018

More information

PERP Program Gas Processing and NGL Extraction: Gas Conditioning New Report Alert

PERP Program Gas Processing and NGL Extraction: Gas Conditioning New Report Alert PERP Program Gas Processing and NGL Extraction: Gas Conditioning New Report Alert May 2006 Nexant s ChemSystems Process Evaluation/Research Planning program has published a new report, Gas Processing and

More information

The International Propeller Club Port of Genoa

The International Propeller Club Port of Genoa The International Propeller Club Port of Genoa Towards a 100% renewable energy future: WÄRTSILÄ in the LNG MARKET Marco Golinelli, Director Energy Solutions Wärtsilä Italia Spa STRATEGIA ENERGETICA NAZIONALE

More information

Finding Global End Use Markets for the Growing LPG Supply

Finding Global End Use Markets for the Growing LPG Supply Finding Global End Use Markets for the Growing LPG Supply March 7, 2017 Dr. Walt Hart, Vice President, IHS Natural Gas Liquids Walt.Hart@ihsmarkit.com 2 Finding Global End Use Markets for the Growing LPG

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

Our technology and expertise are ready to work toward your LNG future today

Our technology and expertise are ready to work toward your LNG future today Our technology and expertise are ready to work toward your LNG future today It s not just what we do. It s how we do it. As worldwide energy demand continues to grow, the ConocoPhillips Optimized Cascade

More information

Comparison of Netbacks from Potential LNG Project with ALCAN Pipeline Project

Comparison of Netbacks from Potential LNG Project with ALCAN Pipeline Project Comparison of Netbacks from Potential LNG Project with ALCAN Pipeline Project June 20, 2008 Barry Pulliam Senior Economist Econ One Research 5th Floor 601 W 5th Street Los Angeles, California 90071 213

More information

FLNG from front-end studies up to smooth execution. Dominique GADELLE Vice President Upstream / LNG Technip France Paris, March 11 th, 2015

FLNG from front-end studies up to smooth execution. Dominique GADELLE Vice President Upstream / LNG Technip France Paris, March 11 th, 2015 FLNG from front-end studies up to smooth execution Dominique GADELLE Vice President Upstream / LNG Technip France Paris, March 11 th, 2015 1 Table of contents I. The (F)LNG Industry II. Why go offshore?

More information

TECHNIP S LNG AND GTL CAPABILITIES

TECHNIP S LNG AND GTL CAPABILITIES TECHNIP S LNG AND GTL CAPABILITIES Gérard RENAUDIN Chief Technology Officer LNG Business Unit INVESTOR DAY, PARIS, FRANCE - October 22, 2004 I. TECHNIP S LNG CAPABILITY 1. THE LIQUEFIED NATURAL GAS CHAIN

More information

Brian A. Habacivch Constellation, Commodities Management Group October 20, 2018

Brian A. Habacivch Constellation, Commodities Management Group October 20, 2018 North American Energy Outlook The Transformative Role of Shale in the Global Hydrocarbons Market Why It Matters to Commercial, Institutional, and Industrial End Users Brian A. Habacivch Constellation,

More information

Groningen, 3 October 2014

Groningen, 3 October 2014 Groningen, 3 October 2014 Groningen, 3 October 2014 Contents 1. The Energy Bill 2. Electricity & Gas 3. Gas Infrastructure 4. Flexibility & Storage 5. Geopolitics 6. LNG 7. Unconventional Gas (e.g. shale

More information

CO 2 RECOVERY FROM CO 2 REMOVAL UNIT AT GL1Z PLANT

CO 2 RECOVERY FROM CO 2 REMOVAL UNIT AT GL1Z PLANT CO 2 RECOVERY FROM CO 2 REMOVAL UNIT AT GL1Z PLANT Hocine Friha Chemical Engineer Technical Department GL1Z/ Sonatrach Bethioua, Oran, Algeria hfriha@avl.sonatrach.dz ABSTRACT Algeria which has ratified

More information

Japan s LNG Prices Trending Upwards

Japan s LNG Prices Trending Upwards Japan s LNG Prices Trending Upwards David Wood David Wood & Associates, Lincoln UK Published in Energy Tribune December 2007 Japan is the world's largest LNG consumer and imported 81.86 bcm of natural

More information

Gas Commercialisation Update - May 2007

Gas Commercialisation Update - May 2007 Gas Commercialisation Update - May 2007 LNG for PNG Major growth in global LNG market and strong increase in gas prices over past 2 years makes LNG in PNG attractive Unprecedented interest from range of

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

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

Gas. John Gass. Corporate Vice President & President Global Gas Chevron Corporation

Gas. John Gass. Corporate Vice President & President Global Gas Chevron Corporation Gas John Gass Corporate Vice President & President Global Gas Momentum for Growth Profitable Growth Solid Performance Right Strategies 2 Abundant and Diversified Resource Portfolio 3 Global Gas Demand

More information

INTERNATIONAL CONVENTION ON LIABILITY AND COMPENSATION FOR DAMAGE IN CONNECTION WITH THE CARRIAGE OF HAZARDOUS AND NOXIOUS SUBSTANCES BY SEA

INTERNATIONAL CONVENTION ON LIABILITY AND COMPENSATION FOR DAMAGE IN CONNECTION WITH THE CARRIAGE OF HAZARDOUS AND NOXIOUS SUBSTANCES BY SEA INTERNATIONAL OIL POLLUTION COMPENSATION FUND 1992 ASSEMBLY 92FUND/A/ES.12/9/1/Rev.1* 12th extraordinary session 15 May 2007 Agenda item 9 Original: ENGLISH INTERNATIONAL CONVENTION ON LIABILITY AND COMPENSATION

More information

The World First Ever Very Large Ethane Carrier (VLEC)

The World First Ever Very Large Ethane Carrier (VLEC) The World First Ever Very Large Ethane Carrier (VLEC) Gastech 2017, Tokyo 4 th April 2017 This document contains information resulting from testing, experience and know-how of GTT, which are protected

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

The Unconventional Oil and Gas Market Outlook

The Unconventional Oil and Gas Market Outlook The Unconventional Oil and Gas Market Outlook The future of oil sands, shale gas, oil shale and coalbed methane Report Price: $2875 Publication Date: July 2010 E N E R G Y The Unconventional Oil and Gas

More information

Global LNG Market dynamics, key trends and market outlook

Global LNG Market dynamics, key trends and market outlook REUTERS / Anne Kat Brevik Global LNG Market dynamics, key trends and market outlook December 14, 217 What to address Market dynamics, key trends and market outlook The role and outlook for U.S. LNG China

More information

LNG Producer-Consumer Conference Nagoya, Japan

LNG Producer-Consumer Conference Nagoya, Japan LNG Producer-Consumer Conference Nagoya, Japan 22 nd October 2018 Vitol: a global leader in energy distribution For more than 50 years Vitol has distributed energy, efficiently and safely. Today, we move

More information