Natural Gas Op (Energy Council)
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Transcript of Natural Gas Op (Energy Council)
GAS
Anaco, June 2000The Energy Council
Natural Gas Opportunities
V E N E Z U E L A
GAS
GAS
Anaco, June 2000The Energy Council
• Venezuela´s Natural Gas
Industry
• Master Plan
• Business Portfolio
Content
GAS
Anaco, June 2000The Energy Council
Worldwide Natural Gas Proven Reserves
110
110
128
146
164
186
205
250
742
1977
Irak
Nigeria
Algeria
USA
Saudi Arabia
U.A.E
Qatar
Iran
Russia
VENEZUELA
(TCF)
GAS
Anaco, June 2000The Energy Council
Latin America Natural Gas Proven Reserves
3.7
4.3
6.9
8.0
18.3
24.1
63.5
14
0 15 30 45 60 75 90 105 120 135 150
ARGENTINA
BOLIVIA
ECUADOR
MEXICO
BRASIL
COLOMBIA
TRINIDAD & TOBAGO
VENEZUELA 146
Non Associated Gas (TCF)
GAS
Anaco, June 2000The Energy Council
Gas Resources
(TCF)
Associated
Non-associated
Proved Probable Possible
132 32 32
14 7 11
Total 146 39 43
GAS
Anaco, June 2000The Energy Council
Gas Transmission SystemsParaguana
44Maracaibo
Existing Gaslines
Jose Pto. La Cruz
11
Caracas
Barquisimeto
Altagracia
Valencia
33
Pto. Ordaz
22Anaco
GAS
Anaco, June 2000The Energy Council
Production / Consumption
Total = 6 BCFD
Oil Industry4.2 BCFD
32
12
10
46
Residential
CrudeSecondary
Recovery
Fuel
NGLTransf.
Others
30%70 % DomesticMarket
Oil Industry
Domestic Market1.8 BCFD
Power Gen.
Petrochemical
Steel/Alum
Cement
Others
(%) (%)
32
21
21
65
15
February 2000
GAS
Anaco, June 2000The Energy Council
Venezuelan Market Forecast (1999 - 2009)
0
400
800
1.200
1.600
2.000
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
BO
ED
x 1
03
(42 %)
(55 %)
(26 %) (17 %)
(32 %) (28 %)Hydroelectric power
Liquids
Natural Gas1130
1800Energy Matrix
1998 2000 2002 2004 2006 2009
Natural Gas
0
1
2
3
4
5
6
POWER GENERATION
BC
FD
4.2
1.8
PETROCHEMICAL
STEEL / ALUMINUM
MANUFACTURE
GAS
Anaco, June 2000The Energy Council
NGL Plants
Existing Infrastructure
Jose
San Joaquín
Sta BárbaraJusepín
UléTJs I/ II
Bajo Grande
Lama
Capacity: 232 MBD
GAS
Anaco, June 2000The Energy Council
Legal Framework
Private participation in non associated gas E&P and gas downstream activities
20% royalty Creation of a National Gas Regulatory Board
Income tax rate reduced from 67% to 34% Tax credit on new investments (10%)
Gas Price = Commodity Price
Transportation Tariff
Distribution Tariff+ +
.... Reasonable profitability
Income Tax Law
Price
Gas Law
GAS
Anaco, June 2000The Energy Council
Production FieldProduction Field
HubHub
ExplorationExplorationExploitationExploitation
Non-Non-associated associated Natural GasNatural Gas
Processing•Methane GasMethane Gas•NGL’sNGL’s
GatheringGathering
TreatmentTreatmentCompressionCompression
TreatmentTreatmentCompressionCompression
Not included in Not included in New Gas Law New Gas Law ScopeScope
ExplorationExplorationExploitationExploitation
AssociatedAssociated Natural GasNatural Gas
TransmissionTransmission
DistributionDistribution
DistributionDistribution
IndustrializationIndustrialization
ExportExport
End usersEnd users
New Gas Law : Breaking a monopoly
GAS
Anaco, June 2000The Energy Council
Vast resources Strong support from
local suppliers Long history of oil and
gas production Convenient geographic
location
Venezuelan Strengths
Excellent opportunity to support major gas developments
Excellent opportunity to support major gas developments
GAS
Anaco, June 2000The Energy Council
Guidelines from Stakeholder• Develop non-associated gas• Develop gas markets for the
industrialization of the country
• Maximize domestic value added
• Foster private capital participation
• Improve strategic position in the international market
Business Area
Gas Development Master Plan
GAS
Anaco, June 2000The Energy Council
Guidelines from Stakeholder Business Area Gas Offer• Develop non-associated gas
• Develop gas markets for the industrialization of the country
• Maximize domestic value added
• Foster private capital participation
• Improve strategic position in the international market
Gas Development Master Plan
GAS
Anaco, June 2000The Energy Council
DemandDemand
SupplySupply
Domestic marketOil industryExport
PDVSA own effort(Associated Gas)
Time
Opportunity in potential demand
Need to add flexibility to the supply system
E&P Licenses for Non Associated Gas
E&P Strategy
Volume
GAS
Anaco, June 2000The Energy Council
Guidelines Business Area
Gas Supply NGL Transportation Distribution
• Develop non-associated gas• Develop gas markets for the
industrialization of the country
• Maximize domestic value added
• Foster private capital participation
• Improve strategic position in the international market
Gas Development Master Plan
GAS
Anaco, June 2000The Energy Council
Guidelines Business Area• Develop non-associated
gas• Develop gas markets for
the industrialization of the country
• Maximize domestic value added
• Foster private capital participation
• Improve strategic position in the international market
Gas Supply NGL Transportation Distribution
Gas Development Master Plan
GAS
Anaco, June 2000The Energy Council
Guidelines Business Area• Develop non-associated gas• Develop gas markets for the
industrialization of the country
• Maximize domestic value added
• Foster private capital participation
• Improve strategic position in the international market
Gas Supply NGL Transportation Distribution Exports
Gas Development Master Plan
GAS
Anaco, June 2000The Energy Council
Natural Gas Strategic Guidelines
Methane GasTransfer transmission and distribution systems
to the private sector, maintaining selective participation of PDVSA
NGLRetain existing processing plants. Promote
alliances with private sector for future developments
Maintain own production of associated natural gas and development non associated gas with the participation of the private sector
Gas Offer
New Businesses
Promote gas export through strategic associations (LNG - GTL - Gaslines)
GAS
Anaco, June 2000The Energy Council
E&P Opportunities
ONSHORE11 areasBidding processDefinition of Terms and Conditions in ProgressFormal public announcement will be done prior to the availability of the Data Packages
OFFSHOREIntegrated ProjectsLarge Size ProjectsExports and Domestic Markets-Industrialization
ANACOPDVSA Own Effort
Coal Bed Methane
Caracas
Coro
Barrancas
Maturín
Maracaibo
AnacoCentral Foothill
North Ambrosio
Yucal-Placer
Northern Paria
Delta
GAS
Anaco, June 2000The Energy Council
SAN CARLOS
GUANARE
BARINAS
GUANARE
BMTOMCBO
ANACO
YUCAL PLACER 2 AREAS, 900 Km2 each
BARRANCAS 1 AREA, 1970 KM2
AMBROSIO 1 AREA, 527 Km2
GUARICO-COJEDES7 AREAS, 1000 Km2 each
$/MPC
0.50
1.051.45
CARACAS
E&P Opportunities -11 Areas
GAS
Anaco, June 2000The Energy Council
Gas Transmission OpportunitiesParaguana
44Maracaibo
Existing Gaslines
Jose Pto. La Cruz
11
Caracas
Barquisimeto
Altagracia
Valencia
33
Pto. Ordaz
22Anaco
GAS
Anaco, June 2000The Energy Council
Paraguana
44Maracaibo
Existing GaslinesExpansions
Jose Pto. La Cruz
11
Caracas
Barquisimeto
Altagracia
Valencia
33
Pto. Ordaz
22Anaco
Gas Transmission Opportunities
GAS
Anaco, June 2000The Energy Council
Jose Pto. La Cruz
11
Caracas
Barquisimeto
Altagracia
Valencia
33
Pto. Ordaz
22
Existing Gaslines
Paraguana
44Maracaibo
Anaco
Creation of independent companies for each transmission system
Creation of independent companies for each transmission system
Gas Transmission Opportunities
GAS
Anaco, June 2000The Energy Council
77 88
Future Gaslines
66Margarita55
Jose Pto. La Cruz
11
Caracas
Barquisimeto
Altagracia
Valencia
33
Pto. Ordaz
22
Paraguana
44Maracaibo
Anaco
Existing Gaslines
Biding process for new transmission systems
Biding process for new transmission systems
Gas Transmission Opportunities
GAS
Anaco, June 2000The Energy Council
Pto. OrdazPto. Ordaz
CaracasCaracas
CardónCardón
Gas distribution potential
Industrial distribution
Residential distribution
Potential GrowthAnacoAnaco
Pto. La CruzPto. La Cruz
ValenciaValencia
BarquisimetoBarquisimeto
MaracaiboMaracaibo
460.000 > 1.000.000
Potential residential consumers
GAS
Anaco, June 2000The Energy Council
Gas Distribution Opportunities
Economic Feasibility
Ample Markets
Economies of scale
Conditions:
Regional Distribution
• Private Sector• Distribution Tariff• Plan to increase number of
users• Recognized Operators• Domestic Capital Usage
Bidding conditions:
GAS
Anaco, June 2000The Energy Council
NGL Opportunities
Existing Infrastructure
Jose
San Joaquín
Sta BárbaraJusepín
UléTJs I/ II
Bajo Grande
Lama
Keep property of existing Plants.Promote alliances with third parties for future projects
Keep property of existing Plants.Promote alliances with third parties for future projects
New InfrastructureCapacity: 232 MBDProjected: 315 MBD
Capacity: 232 MBDProjected: 315 MBD
GAS
Anaco, June 2000The Energy Council
LNG Opportunities
Jose and Paria best locations basedon availability of resources
Jose and Paria best locations basedon availability of resources
Paria
Northern Paria
Delta Platform
Jose
GAS
Anaco, June 2000The Energy Council
Jose
Jose Project
Supply contract: 350 MMSCFD
Production: 2 MMT/Y
Markets: Atlantic Basin
Start Up: 2003
Supply contract: 350 MMSCFD
Production: 2 MMT/Y
Markets: Atlantic Basin
Start Up: 2003
GAS
Anaco, June 2000The Energy Council
Venezuela LNG Project
640 MMSCFD 4 MMT/Y Markets: East Coast
USA, Caribbean Start Up: 2005
640 MMSCFD 4 MMT/Y Markets: East Coast
USA, Caribbean Start Up: 2005
Paria
Northern Paria
Delta Platform
PDVSA
SHELL
EXXON MOBIL
MITSUBISHI
InitialSponsors
Largest energy producer in Latin America & vast gas reserves
The most experienced LNG players worldwide
GAS
Anaco, June 2000The Energy Council
Business Portfolio
Upstream• Exploration / Production-Coal Bed• Gathering
Business Opportunities
Midstream• New Transmission Systems• Existing Trans. Systems Expansion
Downstream• Distribution• Processing• Industrialization (GTL-Petrochem)• Power Generation• Exports (LNG-GTL-Pipelines)
GAS
Anaco, June 2000The Energy Council
Anaco Gas Development
Yucal - Placer
Northern Guarico / Cojedes
20002000 20012001 20022002 20032003
Northern Ambrosio
Barrancas
20
04
20
04
20
05
20
05
Projects TimetableGas SupplyGas Supply
Bid Award Bidding process Commercial production
E&P Gas Licenses
Delta Platform
Conceptualization
Studies
Coal Bed Methane Development
Investigation /Data gathering
PreliminaryStudy
Field Development
Study
GAS
Anaco, June 2000The Energy Council
Anaco - Barquisimeto
20002000 20012001 20022002 20032003
Anaco - Pto. Ordaz
Ule - Amuay
Barbacoas - Margarita
Valencia-Acarigua-Bnas.
East-West Interconnect.
Colombia Interconnection
Anaco - Jose
20
04
20
04
20
05
20
05
BidAward
Conceptualization
Projects TimetableTransportationTransportation
EXISTING SYSTEMS
NEW SYSTEMS
BiddingPreparation
BiddingProcess
Bidding PackageAvailable
GAS
Anaco, June 2000The Energy Council
20002000 20012001 20022002 20032003
Other Regions
20
04
20
04
20
05
20
05
Projects Timetable
DistributionDistribution
Pilot Area
20002000 20012001 20022002 20032003
Northern Paria Develop.
20
04
20
04
20
05
20
05
Liquefaction /Liquefaction /TransformationTransformation
Jose LNG
Gas To Liquid
ConditionsAgreement
ConceptualizationBiddingPreparation
BiddingProcess
Bidding PackageAvailable
Transform. / Industrializ.
Liquefaction
Project Development
GAS
Anaco, June 2000The Energy Council
20002000 20012001 20022002 20032003
20
04
20
04
20
05
20
05
Anaco - Jose
Barbacoas - Margarita
BiddingAward
Conceptualization
Projects TimetableProjectsProjects
EXISTING TRANSP. SYSTEMS
BiddingPreparation
Bidding Process
Bidding PackageAvailable
Colombia Interconnection
Ule - Amuay
Anaco - Barquisimeto
Valencia-Acarigua-Barinas East-West Interconnection
Anaco - Pto. Ordaz
DISTRIBUTION (Pilot Area) DISTRIBUTION (Other regions)
GTL
LNG: Jose LNG: Northern Paria Development
NEW TRANSP. SYSTEMS
Project Development
GAS
Anaco, June 2000The Energy Council
Master Plan Economic Data
Investment: 6 - 10 MMM$
Gas Production: 1,100-3,000 MM$
Transportation & Distribution: 1,600 - 3,000 MM$
Processing: 1,000 MM$
Liquefied Natural Gas (LNG): 2,600 MM$
GAS
Anaco, June 2000The Energy Council
CARACAS
ProducersTransportersDistributorsCostumers
Hubs
ANACO
MARACAIBO
LNG / GTL
Exports
NGL
LNG toBrazil
LNG to Caribbean & USA LNG to Europe
Gas Business Vision
PTO. ORDAZ