technip/chiyoda : usd 4 billion contract in qatar
TRANSCRIPT
TECHNIP / CHIYODAUSD 4 BILLION CONTRACT
IN QATAR
PRESS CONFERENCEDecember 16, 2004
2
I. THE NATURAL GAS MARKET
II. LIQUEFIED NATURAL GAS
III. THE QATARGAS II PROJECT
3
I. THE NATURAL GAS MARKET
1. THE MARKET
2. A GEOGRAPHICAL IMBALANCE
3. THE GAS PATH: FROM PRODUCTION TO END-USE
4. NATURAL GAS EXPORTS
4
THE NATURAL GAS MARKET
Longer lasting reserves (60 years at current consumption rates) compared to oil reserves (40 years)
A more environmentally-friendly fossil fuel source than either oil or coal
Declining domestic production in OECD countries (primarily in the US and UK)
Economic expansion of large Asian countries (China, India) is leading to a strong increase in their gas demand
Gas reserves are primarily located in the Middle East and Russia
A growing geographical imbalance between supply and demand
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A GEOGRAPHICAL IMBALANCE
40.8
30.3
4.2
4.1
2.6
5.1
7.7
29.4
4.2
7.8
20.1
7.8
21.7
13.4
% of global gas consumption by region
% of global gas reserves by region
Source: Oil & Gas Journal, 2004
6
THE GAS PATH: FROM PRODUCTION TO END-USE
LNG
Pipeline
GTL
Power StationsPower Stations
Export
Local Market
PetrochemicalsPetrochemicals
FertilizerFertilizer
Fuel (GTL)Fuel (GTL)
ResidentialResidential
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NATURAL GAS EXPORTS
Primary Flows2003 Figures
Russia Europe 132
PIPELINE: 455 Bn M3Canada US99
Norway W. 68 Europe
33Algeria W. Europe
Indonesia Japan, 35 Korea
LNG: 169 Bn M3
28Algeria W. Europe
Malaysia Japan, 23 Korea
Trinidad US12
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II. LIQUEFIED NATURAL GAS (LNG)
1. THE LNG CHAIN
2. LNG MARKET TRENDS
3. EXISTING AND PLANNED LNG INSTALLATIONS (THROUGH 2012)
4. THE INCREASING CAPACITY OF LNG TRAINS
9
THE LNG CHAIN
REGASIFICATION
TRANSPORT: -160°C
GAS TREATMENT AND LIQUEFACTIONNATURAL GAS PRODUCTION
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LNG MARKET TRENDS
Today, global demand is ~ 150 million tons paBetween 2000 and 2030, LNG demand is expected to increase fivefold
11%
8%
8%
10%
4%10%
11%
2%7%
3%
14%
2%
3%
3%
2%2%
25%
21%
6%
48%
2012 – LNG Demand 2012 – LNG Supply
270 MTAAsia
Europe
India
Americas
Brunei
IndonesiaRest of World
Australia
Algeria
MalaysiaVenezuela
Egypt
Qatar
Bolivia
Trinidad
Nigeria
Oman
270 MTA
Eq. Guinea
Russia
Angola Traditional SuppliersNew SuppliersSource: Shell Global Solutions
Future Suppliers
11
2
4
2
3
26
3
2? ?8 23
410
2
EXISTING AND PLANNED LNG INSTALLATIONS (2004 – 2012)PLANTS TERMINALS
Existing
Planned
1
ANGOLA LNGChevron-Texaco and
partners - 1 Train (4 Mty)
1
SKIKDA – SONATRACH1 Train (~ 4 Mtpa) IS
1
IDKU (1 Train )BG/Petronas/ GDF/
EGPC/EGAS
2
YEMEN LNGTotal & partners - 2
Trains (3.6 Mtpa)
6
QATARGAS 2 – Exxon/QP – 2 Trains (7.8 Mtpa) QATARGAS 3 – Phillips/QP – 2 Trains (7.8 Mtpa)
RASGAS II – Exxon/QP - 2 Trains (7.8 Mtpa)
BRASS LNGPhillips / NNPC/ Agip
– 2 Trains(5 Mtpa)
2
1GORGON
LNGChevron-Texaco / Shell /
Exxon/Mobil 1 Train (5
Mtpa)
4
NIOC LNG
NIGEC / BG
2 Trains (4.8 Mtpa)
PARS LNG
NIGEC / Total /
Petronas– 2 Trains (5Mtpa)
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THE INCREASING CAPACITY OF LNG TRAINS
Train Capacity (MTA)
Egypt
Trinidad Train 4
Rasgas Trains 1 & 2
Rasgas Train 3
0
2
4
6
8
1964 1972 1978 1982 1989 1997 1999 2003 2005 2006
Qatargas II
2007 Beyond2007
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III. THE QATARGAS II PROJECT
1. OVERVIEW
2. THE PROJECT
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THE WORLD’S LARGEST GAS FIELD
QATAR
I R A N
Persian Gulf
North Field
South Pars
SAUDIARABIA
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QATARGAS II: AN INTEGRATED PROJECT
The 4 key elements of the project:
Offshore platforms and associated conduits
An onshore gas treatment plant and LNG facility
LNG transport carriers
An LNG reception terminal in the UK
A major step in Qatar’s long-term plan to increase its LNG exports above 70 MPTA by 2010
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QATARGAS II: TRAINS OF 7.8 MILLION TONS/YR EACH
Project located at Ras Laffan, Qatar
Client: Qatargas II (70% Qatar Petroleum, 30% ExxonMobil)
Contract value for LNG facility: USD 4 billion for both trains
Execution: Joint venture Technip / Chiyoda
Scheduled first delivery of LNG: January 2008
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QATARGAS II: THE MAIN CHARACTERISTICS
LNG 15.6 MT/yr
30 Bn M3/yr
GASCondensates
~ 6 MT/yr
Propane / Butane 1.7 MT/yr
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LOCATION OF QATARGAS II
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QATARGAS II: PROJECT EXECUTION
YokohamaProject direction& engineering ofLNG trains
QATARGAS IIConstruction
YOKOHAMA
PARIS
RAS LAFFAN
Paris Engineering of off-sites& associated utilities
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EVOLUTION OF CONTRACT SIZE$ in Billions
1
2
3
4
1998 2002 2003 2004
Sincor OGD2 Bonny Island Trains 4 & 5
DaliaSURF + FPSO
Qatargas IITrains 4 & 5