ESSENTIAL NEED FOR NEW LNG PROJECTS Satisfaction of gas demand by region Bcf/d 100 North America +1.1% CAGR Europe Asia* +1.3% CAGR +4.4% CAGR

Transcription

1 NEW FRONTIERS FOR GAS SUPPLY CHAIN Philippe Sauquet Sous-titre de la présentation

2 ESSENTIAL NEED FOR NEW LNG PROJECTS Satisfaction of gas demand by region Bcf/d 100 North America +1.1% CAGR Europe Asia* +1.3% CAGR +4.4% CAGR Local gas demand Domestic supply Pipeline Imports Contracted LNG supply Global gas demand (+2% CAGR) increasing faster than oil driven by Asia and Middle East European and Asian markets balanced by new LNG projects, even with potential additional supply from shale gas and softer CO 2 regulations in Europe *Japan, China, South Korea, Taiwan, Singapour, Thailand, Vietnam, Pakistan, India, Bangladesh, Myanmar. 2

3 SURGING LNG DEMAND, TIGHTENING MARKETS LNG supply / demand Mt/y 600 LNG demand 100 Mt LNG supply from: unsanctioned identified projects existing facilities and approved projects Strong LNG demand in both traditional and emerging markets Essential need for new LNG projects in 2030 (~340 Mt) Potentially reduced by 30 Mt considering i lower CO 2 emission i constraints in Europe Challenges of LNG projects increasing i tensions on supply Tightening markets on the long term supportive of gas prices in Europe and Asia * LNG supply based on existing facilities, approved and other identified projects for the period 3

4 A DIVERSIFIED LNG PORTFOLIO Shtokman Snohvit Yamal Sabine Pass Altamira LNG Plant in opération LNG Plant under construction LNG Plants under projet Dunkerque LNG South Hook Nigeria LNG T1-T6 Brass LNG Nigeria LNG T7 Angola LNG Fos Cavaou Hazira Bontang Ichthys Yemen LNG Qatargas 1 Qatargas 2 Adgas Qalhat LNG Oman LNG GLNG Regasification terminal in opération Regasification terminal under construction Angola LNG GLNG Ichthys Shtokman Brass LNG Yamal LNG 4

5 ICHTHYS : THREE MAJOR DEVELOPMENTS IN ONE PROJECT Ichthys field Pipeline LNG plant Darwin Ichthys Key Data Total 30%, Inpex 66% (Operator) 2P reserves 12.8 Tcf gas & 530 Mb cond. Plant Capacity 8.4 Mt/y LNG Mt/y LPG 100 kb/d condensate at peak Total s contribution Major project management expertise Over 20 secondees including project director Offshore and LNG technology leadership LNG marketing and shipping Technical Challenges FID Jan-12, start-up end st major development in Browse Basin Among the largest offshore facilities ever Designed to withstand cyclones CO 2 management (re-injection) 5

6 YAMAL LNG TARGETING FIRST PRODUCTION END % - 20% 31 TCF Gas Field Shallow onshore Proven & Probable certified gas reserves 16.5 Mtpa LNG plant 3 trains, onshore, piled facilities Modularized construction Proven process (APCI) Full Year Access Port Air bubbling & hot water circulation Ice breaker for ice management Ice Class LNG ships 170,000 m3, no ice breaker support Sailing to Asia during Summer Sailing to Europe at all times Marketing Targeting Europe & Asian Markets LNG delivered ex-ship Russian government support Winter Route Ice Class LNG Ship LNG Transshipment Yamal LNG Project Yamal LNG Arctic Circle Russia Winter Route Conventional LNG Ship Yamal Peninsula TCF gas Operations since 1974 Summer Route Ice Class LNG Ship Japan 6

7 E&P : LNG SALES DESTINATION 2011 (PRO RATA GROUP SHARE) Middle South North UK 2011 flows 9% East 1% America 2% America 6% Continental Europe 21% 13,25Mt Asia 61% 7

8 2011 : AN OPTIMISED LNG TRADING PORTFOLIO Regasification terminals in opération Regasification terminals under construction Market Access (marketing, long-term contracts, ) LNG Flows in 2011 after optimisation Snohvit: 1 Gm3/a Qatargas II: 4.47 Gm3/a NLNG T4-5: 0.32 Gm3/a NLNG T6: 1.20 Gm3/a Yemen LNG: 270G 2.70 Gm3/a Asia 28% Others 3% North America 11% Europe 58% spot long-term 50% 25% 30% 46% 0 0% Cargos destinations 2011 Cargo number Part of portfolio redirected 8