ukti richard goldsmith
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UNCLASSIFIEDUKTI AOG Day 18/02/2013
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UKTI AOG Day Outline for the dayRichard Goldsmith
Lead for Energy, Mining and Resources for Australia and
Head of Trade for Western Australia and Northern Territory
UKTI AOG Day 18/02/2013
Disclaimer
• Whereas every effort has been made to ensure that the information given herein is accurate, UK Trade & Investment or its sponsoring Departments, the Departments of Business Innovation & Skills and Foreign & Commonwealth Office, accept no responsibility for any errors, omissions or misleading statements in that information and no warranty is given or responsibility is accepted as to the standing of any firm, company or individual mentioned.
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Australia – A brief geographical overview
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Why Australia?
• You’ll feel at home immediately:
– Over 1,000 UK companies and more Brits than in any other country
– Very similar business, legal and regulatory culture -evolved from UK
• Best performing OECD country economically, with good growth prospects
• Strong Australian dollar making UK goods and services more affordable
• Closely linked to fast growing Asia-Pacific nations
• Massive opportunities for UK companies in oil and gas, health, ports, infrastructure, ICT, education, low carbon, financial and business service.
* ONS Pink Book 2012
Why do business in Australia ?
Strong economy
Stable economies with good current and future growth prospects
Business, legal & cultural similarities
Familiar business, legal & regulatory framework
Common language & customs
Strong IP protection
Many British businesses already there
High regard for UK products “High Quality –Low Cost”
Gateway to Asia
Skilled, educated, multi-lingual workforce
Asia still the region of the world with the highest potential growth
Quality of Life
5 Australasian cities in world’s top ten most liveable cities*
* The Economist, Liveability Ranking, 2010 7
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PROJECTS Committed verses Planned
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Queensland
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Browse, Bonaparte, Timor Gap
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Darwin as Marine Supply +Service Base
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Northern Territory cont.
•Ichthy’s -Inpex, Total
• 12.8 tri cubic ft of gas reserves
• 527 m barrels of condensate
• 2 Trains 4.2 mtpa of LNG
• 10% of Japanese LNG needs as at 2012 (pre nuclear shutdown)
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Browse Basin and James Price Point Hub
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SHELL FLNG: INTEGRATING PROVEN TECHNOLOGIES
LIQUEFACTION
QUARTERS
FRACTIONATION/ COMPRESSION
PRODUCTION FACILITIES
SUBSEA INFRASTRUCTURE
POWER GENERATION/ WATER INTAKE
MOORING/OFFLOADINGGAS TREATMENT
STORAGE
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• Prelude will be located 475 km north-northeast of Broome, and over 200 km from the nearest point on the coast.• Located in 250m-deep water, it is in the Indian Ocean in the eastern part of the Browse Basin. • It will be the first development to use Shell’s Floating LNG (FLNG) Technology.• The FLNG facility is being constructed in Geoje, Korea and will be towed to the location. • Once operating, the Prelude Project is expected to produce at least 3.6million tonnes per annum of LNG, 1.3 mtpa of Condensate and 0.4 of LPG for about 25 years. • Final investment decision taken by Shell Board in May 2011
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PROJECTS to be targeted
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Knowledge Gap?UKTI Oil and Gas Programmes
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UKTI Programmes for Australia to reduce the Knowledge gap
Setting up in Australia
NAG – Northern Australia Gas
High Value Opportunity
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How can UKTI Australia help British companies?
• Find local contacts to help your business grow
• Help you attend trade fairs and missions
• Carry out in-depth research on the market to your specifications
• Product launches and PR and marketing support
• Whatever you need to succeed in the market!
FreeDigitalPhotos.net
What next?
• Ask questions at the end of this or follow the conversation on LinkedIn
• Keep in touch with the latest Australian business opportunities
• Attend our industry specific webinars
• Follow us on twitter @uktiaustralia
• Get in touch with me [email protected]
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FreeDigitalPhotos.net
What can UKTI Australia & NZ do for you?
• Local knowledge: Tailored, experienced, impartial advice to maximise your chances of succeeding in Australia
• Product launch: In one of our boardrooms, available in most capitals
• Introduction service: To prospective business partners, distributors, suppliers and Australian Govt bodies
• Promotion: PR to local media, UKTI e-newsletters, emarketing and social media campaigns
• Test the Market: Reduce the cost, risk and time of establishing your business in Australia by working in one of our business centres
• The Market reports – Close the your Knowledge Gap, provide time relevant info. For your Business case.
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Sources
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WA GovernmentQld. GovernmentNT. GovernmentAustralian Federal Government ReportsShell Developments Aust. Ltd.Newspaper ArticlesCo. Reports and Media announcementsUKTI Australia sourced and commissioned reportsSubscription services
My contact details
Richard GoldsmithLead Mgr. Energy, Mining and Resources for AustraliaHead of Trade W.A. , N.T.
Email – [email protected] Website//ukinaustralia.fco.gov.uk/business
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