lng in the black sea region
TRANSCRIPT
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What it takes to make LNG a reality in the Black Sea region
Rudolf Huber
Head of Business Development
Vienna, April 7th 2011
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No „hold your hands“ session
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No info overload
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Lets have a frank and open chat
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Mistakes in LNG
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Copy the big boys
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See confrontation between pipe and LNG
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Spending your way out of trouble
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Building Frankenstein supply chains
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Having the wrong mindset
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Realities
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Business Model
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Longterm finance
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Markets
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No monopoly wonderland
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You can fail
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No one owes you
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Black Sea is not close to JKT
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Smart financial tools mean trouble, not salvation
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Relationships with baseload buyer are key
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Why LNG is not pipeline gas
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The 3 C‘s
Cold
Clean
Cheap
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Hell, its a liquid
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Fuelling the world
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The real competitor
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What pipe can not do
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ECA rules
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Chicken and egg
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A paradigm change