We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
Published byPrecious Rootes
Modified over 2 years ago
Global LNG: New Supplies, Growing Demand Jay Cuclis | Vinson & Elkins LLP March 7, 2012 Jay Cuclis | Vinson & Elkins LLP March 7, 2012
© 2012 Vinson & Elkins LLP LNG Export Terminals 2012 LNG Terminals Operational (34) 2012 LNG Terminals Operational (34) Under Construction/Planned (56) Total (estimated): 90
© 2012 Vinson & Elkins LLP LNG Imports by Country (2010) ImporterMmtpa Japan70.6 S Korea34.1 Spain20.5 UK14.2 Taiwan11.6 France10.5 China9.5 India9.3 US8.5 Italy6.7 Turkey5.9 Belgium4.5 Mexico4.4 Chile2.3 Portugal2.2 Kuwait2.1 Brazil2.0 Canada1.5 Argentina1.3 Other1.1 Total Imports223.8 Asia represents >60% of LNG imports
© 2012 Vinson & Elkins LLP Asian LNG Markets Lack of sufficient indigenous energy resources has driven LNG demand Japan: Concerns raised by Fukushima have increased focus on LNG Strong government support for LNG purchases New LNG buyers emerging in Asia (e.g., Thailand, Malaysia, Indonesia) Potential for shale gas development in Asia, particularly in China, Indonesia and India
© 2012 Vinson & Elkins LLP New Sources of LNG Supply Continuing expansion of the Australian gas supply, including potential shale gas Development of major new gas projects around the world, including in Russia, East Africa, the Mediterranean and South America Emergence of North America as a potential LNG exporter Greater deployment of floating LNG facilities, creating potential to un-strand gas reserves
© 2012 Vinson & Elkins LLP Source: Federal Energy Regulatory Commission North American LNG 2005 LNG Import Terminals Operational Import Terminals (4) 2005 LNG Import Terminals Operational Import Terminals (4) Proposed/Planned Import Terminals (55) Total (estimated): 59 2012 LNG Import Terminals Operational Import Terminals (14) 2012 LNG Import Terminals Operational Import Terminals (14) Proposed Export Terminals (10) Existing Export Terminal (1) Total Import Terminals: (14) Total Export Terminals: (11)
© 2012 Vinson & Elkins LLP North American LNG Canada Several new LNG export projects under development Canadian gas currently being exported to the US may find better markets in Asia Recent political issues in the US (e.g., Keystone) likely to increase and accelerate Canadian interest in Asian markets United States New shale gas discoveries have vastly increased domestic supply, reducing LNG imports and creating the potential for LNG exports Government approvals needed from DOE and FERC –At least 8 companies currently seeking LNG export rights –To date, one approval for export to non-FTA countries granted by DOE (Cheniere/Sabine Pass) –LNG from Cheniere contracted to be sold to Gas Natural Fenosa, GAIL, KOGAS and BG –Denial of export permit requires finding that exporting LNG would not be in the public interest
© 2012 Vinson & Elkins LLP Legal Issues Affecting Supply and Demand Complexity of Project Development Complexity of Project Development Key Sales Terms often Contentious LNG Sales Documentation LNG Sales Documentation Additional Issues Long lead time to develop projects, achieve FID Complex JVs, typically including multiple parties from various countries Government approvals Pricing mechanisms and price reviews Term of contract, volumes committed Transportation terms and LNG vessels Supply source flexibility for seller; destination flexibility for buyer Demand by buyers for equity positions Lengthy period to negotiate, commonly a year or more Some efforts to standardize, but still typically bespoke Legal regimes in new supply sources Sanctions or other political considerations impacting free market flow of natural gas/LNG LNG Supply & Demand
© 2012 Vinson & Elkins LLP For More Information, Please Contact Jay Cuclis, Vinson & Elkins LLP James L. Cuclis, Partner Hong Kong +852.3658.6410 Houston +1.713.758.3415 email@example.com Jay's practice involves the representation of clients in international mergers and acquisitions, energy matters, and project development and finance transactions. During the last 30 years, he has worked on transactions in more than 50 countries throughout the Americas, Asia, Europe, the Middle East, and Western Africa, with a particular focus on the energy industry. Jay worked in Europe for five years, in the London office from 1990-1992 and in the Moscow office from 1992-1995. Jay is a member of V&E's Management Committee and serves as Head of the Corporate Department, International Coordinator of the firm's Asia practice, and Managing Partner of the Hong Kong office.
© OECD/IEA 2014 Medium-Term Gas Market Report International Economic Forum of the Americas, Montreal June 10, 2014 Maria van der Hoeven, Executive Director,
Business Models for the LNG Industry in the 21 st Century Theo Oerlemans Fred Adamchak Poten & Partners, Inc. LNG14 Qatar 22 March, 2004.
David K. Schumacher is a partner in Chadbourne’s energy and project finance group. He represents both lenders to and developers of energy infrastructure.
Evolution of the Asian LNG Industry. ExxonMobil Gas & Power Marketing 30 years experience With our partners: »Supply about 20% of world’s LNG today »Arun.
GLOBAL SUPPLY AND DEMAND FOR NATURAL GAS GLOBAL SUPPLY AND DEMAND FOR NATURAL GAS May 15, 2012 Presented by: SERGEY PALTSEV Principal Research Scientist.
Energy Demand Outlook by Mohamed Ariff Based on Data from The Institute of Energy Economics, Japan.
Asia Pacific Energy Research Centre Natural Gas Demand in the APEC Region Shiro KONISHI General Manager Asia Pacific Energy Research Centre (APERC) APEC.
ГММ -1( а ) Li Jianfei. By 2040, the world and, in particular, countries which have large and technologically advanced economies – such as the USA,
2014 Houston Marine Insurance Seminar: LNG Development & Pitfalls on the Regulatory Side Monica Hwang September
What make a market attractive? The case of the European Union gas market Yves Lebas – Managing Director Cepsa Gas Comercializadora Madrid 22 – 23 November.
Amos Hochstein Special Envoy and Coordinator for International Energy Affairs Bureau of Energy Resources U.S. Department of State Geopolitics and Energy.
The Global Economic Environment Global Marketing.
Delegation Members: Barbie Bell Director-General Latin American Affairs China Brazil Bilateral Meeting Report Brenda Caldwell Director-General Policy.
ENERGY REGULATORY AND MARKET DEVELOPMENT FORUM November 4, 2010 The Honorable Philip D. Moeller Commissioner Federal Energy Regulatory Commission “ENERGY.
OXFORD INSTITUTE FOR ENERGY STUDIES Natural Gas Research Programme Russian and its potential impact on the global LNG market James Henderson Natural Gas.
Mr Ross Lambie Gas Manager, Energy & Quantitative Analysis Bureau of Resources and Energy Economics (BREE)
ROLE OF GAS IN THE ENERGY MIX Dr Philippe A. Tanguy Total.
THE NORTH AMERICAN LNG OPPORTUNITY APEGGA, Calgary, Alberta.
Viability of Natural-Gas Projects for Northeast Asia A Presentation By Arlon Tussing & Sam Van Vactor Ulaanbaatar, Mongolia - August 16-18, 1998.
15 July Perspective on Gas Market Integration ASEAN Gas Market situation | 1 ASCOPE Introduction.
The Global Economic Environment The Coming Boom Wealthy Industrial Countries Developing Countries East Asia South Asia Latin America
The Trade Growth Challenge Liner Shipping Responses to the Growth of Global Freight.
Overview of Global Direct Selling Industry Tamuna Gabilaia Executive Director April 17, 2013 Delhi, India Month/Year.
1 Forms of International Business Trade International licensing of technology and intellectual property (trademarks, patents and copyrights) Foreign direct.
About RISA Overseas What We Do RISA Overseas is a trading company, based in city of Surat (Gujarat) a fastest developing as Industrial state in India.
Chapter 14 Global Supply ©McGraw-Hill Education. All rights reserved.
©2009 The McGraw-Hill Companies, All Rights Reserved ©2009 The McGraw-Hill Companies, All Rights Reserved Chapter 6 International Business McGraw-Hill/Irwin.
Tulsa Pipeline Expo Fourth Annual Meeting Fourth Annual Meeting August 28, 2012 Berne L. Mosley, Energy Projects Consulting, LLC.
EPFR Global 1 Equity/Bond Fund Country Weightings Reports How to read EPFR Equity/Bond Fund Country Weightings Reports.
Energy Market Access: New Market Realities of the Natural Gas Landscape The International Economic Forum of the Americas.
© OECD/IEA 2013 Towards an efficient LNG market in the Asia - Pacific Maria van der Hoeven Executive Director 10 September, 2013.
April 28, Atlas Copco Group Q1 Results April 28, 2010.
African Union Commission Economic Report on Africa 2011 Economic Report on Africa 2011 Governing development in Africa – the role of the state in economic.
1 March 2003 ASIA GAS BUYER’S SUMMIT March 25, 2003.
Global Natural Gas: Market in Transition The Impacts of U.S. LNG Exports Kenneth B Medlock III James A Baker III and Susan G Baker Fellow in Energy and.
Qatar’s LNG Strategy, A Foundation for Growth Doha Conference on Natural Gas Faisal Al Suwaidi Chief Executive Officer Qatargas Operating Company Ltd.
Transfer pricing in Russia and international trends 20 June 2013 Steven Cawdron, Ernst & Young Moscow.
Globalization Pg Globalization Globalization – the process by which national economies, politics, cultures, and societies become integrated with.
IPAA/TIPRO Luncheon Houston December 8, 2004 Taking on the world’s toughest energy challenges Rex Tillerson President Exxon Mobil Corporation.
The Geopolitics of Australian Natural Gas Development Ronald D. Ripple, PhD Mervin Bovaird Professor of Energy Business and Finance Master of Energy Business.
Welcome to class of International Distribution by Dr. Satyendra Singh University of Winnipeg Canada.
Future Development of Asian Electronics Industry May 17, 2004 Japan Electronics & Information Technology Industries Association.
HOW DO YOU SHARE $15 BILLION IN ALASKA Government Finance Officers Association – Nov. 18, 2015 By Larry Persily, assistant to Kenai Peninsula Borough Mayor.
International Energy Forum St. Gallen, November 27, 2014 Alexei Ispolinov Head of International Law department Moscow State University
Impact of New Waves of LNG in the Asia Pacific Gas Market: Future of LNG Market in Asia Jinseok Sung Gubkin Russian State University of Oil and Gas Department.
February 4, 2008, Atlas Copco Group Q4 Results February 4, 2008.
Chapter 19 Global Population Projections. Predicting the Future Many attempts using economic forecasting, political forecasting, and forecasting using.
Atlas Copco Group Q2 Results July 16, Contents Q2 business highlights Market development Business areas Financials Outlook 2 July 16,
© 2017 SlidePlayer.com Inc. All rights reserved.