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Amos Hochstein Special Envoy and Coordinator for International Energy Affairs Bureau of Energy Resources U.S. Department of State Geopolitics and Energy.

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Presentation on theme: "Amos Hochstein Special Envoy and Coordinator for International Energy Affairs Bureau of Energy Resources U.S. Department of State Geopolitics and Energy."— Presentation transcript:

1 Amos Hochstein Special Envoy and Coordinator for International Energy Affairs Bureau of Energy Resources U.S. Department of State Geopolitics and Energy 1

2 Global Growth in LNG Supply Source: PIRA Qatar Australia United States Three countries represent 60% of global LNG supply by 2020. 2

3 Global Gas Markets Source: Media and industry estimates. LNG Spot Prices $US/mmbtu Northeast Asia LNG: June 2015 – $7.75 June 2013 – $14.50 Jan. 2013 – $18.70 Southwest Europe LNG: June 2015 – $6.70 June 2013 – $11.55 Jan. 2013 – $14.40 Britain’s NBP: June 2015 – $6.60 June 2013 – $9.69 Jan. 2013 – $10.77 Dutch TTF: June 2015 – $6.54 June 2013 – $10.19 Jan. 2013 – $10.25 Australia: East Coast – $7.75 3

4 Global Estimated Proved Gas Reserves 2014 Source: Oil & Gas Journal, Dec. 2014 Russia Iran Qatar United States Venezuela Nigeria Mozambique China Eastern Med Argentina Australia Russia 47776 Iran 33759 Qatar 25053 United States 10533 Venezuela 5558 Nigeria 5061 China 4397 Mozambique 2830 Australia 1205 Argentina 379 Israel 285 Eastern Mediterranean 2695 Middle East 80018 Eastern Europe / Eurasia 61941 Western Hemisphere 20690 Africa 17147 Asia-Pacific 15259 Western Europe 3720 World 198776 Billion Cubic Meters Unconventional hydrocarbon resources are largely “unproven resource potential” globally, except where considerable drilling has been done and resources sufficiently proven up to justify being called “reserves.” 4


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