The Rise of LNG - Australia Shell Estimate IEA New Policy Estimate Japan Govt Estimate AUSTRALIAN...
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The Rise of LNG - Australia A ustralian LN G Projects 0 20 40 60 80 100 120 140 M illio n to n s p er an n u P roduction C ontracts Potential projects including: Ichthys, Gorgon T4, Pluto T3, Brow se, W heatstone 2 & 3, Pilbara LNG, Sunrise and Bonaparte FLNG & additional Gladstone LNG Trains (Potential100+ m tpa) Pluto T1 North W estShelfT5 Darw in LNG GorgonT2, Pluto T2, Q CLNG T2, GLN G T2 & APLNG T1 North W estShelfT4 North W estShelfCom m encem ent Potential Production Increase Gorgon T1, GLNG T1 & QCLNG T1 GorgonT3, W heatstone T1 & Prelude FLNG 0 50 100 150 200 250 300 350 400 450 500 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2020 Million Tonnes Shell Estimate IEA New Policy Estimate Japan Govt Estimate AUSTRALIAN OUTLOOK • 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 GLOBAL OUTLOOK • Current Global LNG demand strong • Short-term-uncertain but recovering • Medium-term-supply/demand balance • Long-term-very positive 2030- 35
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Transcript of The Rise of LNG - Australia Shell Estimate IEA New Policy Estimate Japan Govt Estimate AUSTRALIAN...
The Rise of LNG - Australia
Australian LNG Projects
0
20
40
60
80
100
120
140
Mil
lio
n t
on
s p
er
an
nu
m
Production Contracts
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)
Pluto T1
North West Shelf T5
Darwin LNG
GorgonT2, Pluto T2, QCLNG T2, GLNG T2 & APLNG T1
North West Shelf T4
North West Shelf Commencement
PotentialProductionIncrease
Gorgon T1, GLNG T1 & QCLNG T1
GorgonT3, Wheatstone T1 & Prelude FLNG
0
50
100
150
200
250
300
350
400
450
500
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2020
Mill
ion
Tonn
es
Shell Estimate
IEA New Policy Estimate
Japan Govt Estimate
AUSTRALIAN OUTLOOK
• 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
GLOBAL OUTLOOK • Current Global LNG demand strong• Short-term-uncertain but recovering• Medium-term-supply/demand balance• Long-term-very positive
2030-35
Australian LNG Projects
Floating LNG
• Novel application of existing technology
• Shell’s Prelude field 450km offshore in Browse Basin
* Will be first FLNG operation in the world
* Potential 3.5 mtpa LNG processing train
• Santos with GDF Suez in the Bonaparte Basin
• Sunrise Project
• PTTEP
CSG Projects
• Australia has potential CSG reserves of 150 tcf
• World’s first coal seam gas to LNG for export projects
• 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
• Further small projects potential
• Potential capacity 30-50 mtpa depending on gas reserves
• Other potential unconventional gasopportunities in Australia
