LNG Costs and Natural Gas Prices James M. Kendell Energy Information Administration James.Kendelleia.doe.gov Platts 4th Annual LNG Conference May 13, 2005 Houston, TX
Foreign Direct Lifting Costs for Oil and Gas, 1981-2003 (2003 dollars per barrel of crude oil equivalent) 7 6 5 4 3 2 1 0 1981 1985 1989 1993 1997 2001 Source: Financial Reporting System
Greenfield Liquefaction Per-Unit Capital Cost vs. Capacity (2004 dollars per ton capacity per year) 600 500 400 300 200 100 0 0 1 2 3 4 5 6 Design Capacity Per-Train (million tons per year) Source: Wood Mackenzie -…
Japan Regasification Terminal Construction Costs (1995 billion yen per bcf capacity per year) 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 0 200 400 600 800 1000 Capacity (bcf per year) Source: METI -Japanese Ministry of Economy, Trade…
Gulf Coast-Onshore Proposed Regasification Project Capital Costs (million 2004 dollars per bcf capacity per year) 1.8 1.6 1.4 1.2 1.0 0.8 0.6 0.4 0.2 0.0 0 200 400 600 800 1000 Size (bcf per year) Source: Office of Oil and…
Components of Minimum Regional LNG Trigger Prices by Region (2003 dollars per thousand cubic feet) 5 Existing New 4 3 2 1 0 Everett Cove Elba Lake New Mid Atl. S. Atl. Florida MS/AL TX/LA CA WA/OR Point Island Charles…
Regional LNG Imports at New Terminals, 2010, 2015, 2020, and 2025 (billion cubic feet) 2010 114 128 0 0 2015 New 2020 England (2020) 2025 WA/OR West New England Mountain North Mid 256 Central Atlantic 128 East 0 0 North (2020)…
LNG Import Prices, 1992-2003 (2000 dollars per MMBtu) 5 South Korea 4 Japan 3 2 United States EU-15 1 0 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 Source: International Energy Agency
LNG Import and Crude Oil Import Prices in Japan, 1992-2003 (2000 dollars per MMBtu) 5 4 LNG-Japan 3 2 Crude Oil 1 0 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 Source: International Energy Agency
Bivariate Johansen Test Results Support for the regional divide Henry LNG LNG Pipe USA Brent Hub Europe Japan Pipe Ho: r=01 45.33*** 1Trace test statistics of the null hypothesis of no USA 2 1,-1.03 (0.04) cointegration LOP3 0.57…
World Oil Prices, 1990-2025 (2003 dollars per barrel) 60 History Forecast 50 High B 40 High A October futures 30 Reference 20 10 0 1990 1995 2000 2005 2010 2015 2020 2025 Source: Annual Energy Outlook 2005
U.S. Gas-to-Liquids Production in High Oil Price Cases, 2003-2025 (million barrels per day) 0.25 High B 0.20 0.15 High A 0.10 0.05 0.00 2003 2008 2013 2018 2023 Source: Annual Energy Outlook 2005
World Gas-to-Liquids Production in the Reference and High B Cases, 2025 (million barrels per day) Reference High B United Kingdom 0.046 0.069 Norway 0.009 0.015 Russia 0.016 0.075 Malaysia 0.051 0.109 Qatar 0.247 0.561 Algeria…
EIA Sources Financial Reporting System, March 2005 Annual Energy Outlook 2005, December 9, 2004 Short-term Energy Outlook, monthly International Energy Outlook 2004, April 14, 2004 The Global Liquefied Natural Gas Market: Status and…