8th Asian LNG Summit 2014 Peter Cleary Vice President LNG Markets and Eastern Australia Commercial Tuesday, May 27 Beijing, China Good morning ladies and gentlemen, I am Peter Cleary, Vice President of LNG Markets and Eastern…
address you all today on the topic of Australian LNG and our strong position as the natural supplier for Asian markets. In my presentation today, I will firstly share with you the story of Santos and our proud history in the oil and…
My association and fascination with China begins some time ago but the best place to start is my first visit, 24 years ago during a period when China was early on in its journey to the thriving and confident nation we see today. At…
President of North West Shelf Australia LNG Australias first LNG project ready to achieve a first that I will always remain proud to be associated with namely the delivery of the first LNG cargo ever delivered into China. As I will…
Santos is one of Australias largest producers of gas to the domestic market and has the largest exploration and production acreage in Australia of any company. We are also proudly positioned within the Australian Securities Exchanges…
Santos also has a well-established and growing position in Asia, currently focused in Indonesia, PNG and Vietnam. We have oil and gas production, as well as exploration opportunities, which are key to Santos overall growth strategy.…
This year we celebrate our companys 60th anniversary and the many achievements of the past six decades. Santos has a long history of oil and gas exploration, which started in the outback of Central Australia. The first commercial gas…
Today, Santos operations span an enormous breadth and we hold deep technical capability. Santos has developed a strong Australian base and a significant infrastructure footprint that provides development optionality. Our Australian…
But lets get to the heart of the matter; Santos is soon to be a significant LNG exporter. Our unique LNG portfolio includes interests in the operational Darwin LNG plant; PNG LNG, which will provide long-term gas supply to Sinopec; the…
[AUSTRALIA A PLACE TO DO BUSINESS] Australia is well positioned to meet Asias growing LNG demand, we are on the doorstep of Asia. Our geographic proximity to the growing Asian markets, political stability, abundant resources and…
Australia is blessed with abundant resources. We rank 1st and 2nd globally for the major mineral resources; including coal and iron ore; 26th for oil; and 11th for gas resources. Australias gas resources are spread across the vast…
chain; foreign companies can take ownership from the reserves in the ground through to the production. Santos is a wonderful demonstration of this opportunity with joint venture partners from over 10 foreign countries in place and more…
Under construction, LNG plants are spread across Australias vast coastline, these include the Santos operated 2-train, 7.8mtpa GLNG project in Queensland, where together with partners PETRONAS, KOGAS and Total, we will supply methane…
Australias committed LNG projects currently under construction represent some of the biggest projects undertaken in the country, over 188 billion of capital is being invested in the current wave of LNG projects. The simultaneous…
brownfield expansion opportunities Darwin LNG is an example with a second train site ready and the advent of Floating LNG offers an economically efficient way of monetising small and remote offshore resources. [UNDERSTANDING CHINAS…
global LNG demand growth and this strong demand growth shows no sign of abating. The Asia Pacific region is forecast to be the fastest growing gas market globally through to 2030, growing at a staggering pace of 4.1% pa. Within the…
China is set to become the worlds second largest LNG buyer as early as 2017, taking over South Korea in LNG demand forecasts. China will become a significant and important centre for LNG development. By 2020 Chinas LNG demand will sit…
storage facilities; as well as financial market capabilities to potentially establish itself as one of Asias key LNG trading centres. China is expected to account for one third of global gas demand growth between 2010 and 2030. This…
Chinese gas imports are set to increase at a compound rate of 15% per annum through to 2030. Clearly the level of gas imports will depend on the pace of development of Chinas indigenous gas resources, in particular the pace of shale…
We all know that the demand is there, but how will it be met The answer is through both existing and new supply regions. Australia is, however, not the only country striving for this prize. The LNG market is a competitive one and our…
with coal for base-load power generation. And from an international perspective, it has freed up the US from importing LNG, and triggered the planning of multiple export projects. For a nation heavily dependent, for decades, on…
significant, US LNG exports are not expected to overwhelm the market, and a further 100 million tonnes or more of LNG supply will be required to meet forecast demand. New entrants and new suppliers is good news for Asian LNG buyers,…
What is very exciting is that this year we will be exploring the deep basins beneath the Hides field, which is a world-class exploration prospect that may lead to the future development of more trains in PNG. So what we want to take…
resources, and we also have a strong track record in delivering world- class LNG operations. If we look at PNG LNG again as an example - Santos proudly announced at the end of April this year that the project started producing LNG…
[CLOSE] This now brings us to the end of my presentation, but I would like to leave you with these key points. Asian LNG demand is increasing and as we move towards the end of a large investment cycle, Australia, and Santos, are…
Thank you once again for the opportunity to address this important conference. ENDS. 26
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