Australian LNG: Asias natural supplier of LNG Peter Cleary, Vice President LNG Markets and Eastern Australia Commercial AJBCC: 52nd Australia-Japan Joint Business Conference Plenary Session Four: Energy Security Strategies across the…
Gas and LNG demand Asias appetite for gas grows with LNG meeting over growth half of gas demand by 2030 x% Gas CAGR 2005-30 LNG Indigenous/Pipeline tcf North America OECD Europe Asia Pacific 40 40 40 1.3% 30 30 30 4.1% 0.5% 20…
Asia Pacific LNG demand Multiple upward revisions, driven by higher gas use in revisions developing economies and traditional exporters turning to LNG imports Mtpa Pacific basin LNG demand estimates 350 Nov 2013 Nov 2012 300 Nov…
Strong Asian demand for Large opportunity exists for new projects to supply LNG into the Asian market Asian LNG demand grows at CAGR Mtpa of 5.7% from 2000 to 2030 400 By 2030, over 70% of global LNG demand comes from Asia 350…
Australian LNG Australian LNG projects offer buyers diversity of project ownership, upstream gas feedstock and geographic diversity Ichthys LNG LNG plant operating LNG plant under construction Darwin LNG Conventional gas Prelude…
Australian gas resources Australias abundant gas resources could underpin future LNG exports, but we must create the right conditions for investment Australias Gas Resources (tcf)1 Darwin 235 167 418 Conventional…
Australian LNG costs As LNG projects reach completion, cost pressures should abate from 2015 onwards LNG plant CAPEX for already 24 sanctioned Australian LNG projects (USb) US17b 7 2011 2012 2013 2014 2015 2016 2017…
LNG supply Market flexibility and liquidity offers energy security, but timely support for new LNG supply is key Norway 1 3 Russia 1 Canada 3 North Africa United States 4 1 Other Middle 9 4 East Qatar 9 West Africa 4 5…
LNG demand LNG demand is met by both long-term supply contracts and short/spot market volumes Mtpa 2013 contracted LNG by source LNG delivers energy security 100 Buyers rely on the spot market or short term market to meet their…
LNG pricing Henry Hub-linkage vs oil-linkage US/mmBtu Oil-linked LNG 20 at US120/bbl 15 3 10 1 Oil-linked LNG at US80/bbl 3 7 6 5 0 Henry Hub Liquefication Other Shipping Traditional priced LNG Source: Henry Hub…