Transcript australian outlook

The Rise of LNG - Australia
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Japan Govt Estimate
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Million Tonnes
IEA New Policy Estimate
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Shell Estimate
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GLOBAL OUTLOOK
• Current Global LNG demand strong
• Short-term-uncertain but recovering
• Medium-term-supply/demand balance
• Long-term-very positive
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1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
2020
2030-35
Australian LNG Projects
AUSTRALIAN OUTLOOK
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Potential projects including: Ichthys, Gorgon T4, Pluto T3, Browse, Wheatstone 2 &3, Pilbara LNG, Sunrise
and Bonaparte FLNG & additional Gladstone LNG Trains (Potential 100+ mtpa)
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GorgonT3, Wheatstone T1 & Prelude FLNG
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GorgonT2, Pluto T2, QCLNG T2, GLNG T2 & APLNG T1
Gorgon T1, GLNG T1 & QCLNG T1
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Pluto T1
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Potential
Production
Increase
North West Shelf T5
Darwin LNG
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North West Shelf T4
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North West Shelf Commencement
Production
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Million tons per annum
Current production-20 mtpa
Short-term-Pluto 24 mtpa
Medium-term-2015 approach 60 mtpa
Long-term-exceed 100 mtpa
Underpinned by long-term contracts
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Contracts
Australian LNG Projects
Floating LNG
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Novel application of existing technology
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Shell’s Prelude field 450km offshore in Browse Basin
* Will be first FLNG operation in the world
* Potential 3.5 mtpa LNG processing train
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Santos with GDF Suez in
the Bonaparte Basin
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Sunrise Project
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PTTEP
CSG Projects
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Australia has potential CSG reserves of 150 tcf
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World’s first coal seam gas to LNG for export projects
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4 major projects proposed for Gladstone, Queensland
* BG/QGC – Queensland Curtis LNG (in construction)
* Santos/Petronas/Total/KOGAS – Gladstone LNG (in construction)
* Origin/ConocoPhillips – Australia Pacific LNG (EPBC approved)
* Shell – Curtis Island LNG
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Further small projects potential
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Potential capacity 30-50 mtpa
depending on gas reserves
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Other potential unconventional gas
opportunities in Australia