Commercialising FSRUs: LNG-to-Power, ImprovedProject Economics & Optimal Financing Structures
Conference Dates: 1 - 4 June 2020Venue: Amara Sanctuary Resort Sentosa, Singapore
Tony Heffernan Head of Operations—FSRU & LNGPardus Energy
KEYNOTE SPEAKERS INCLUDE:
Arūnas Molis Klaipeda LNG DirectorAB Klaipėdos Nafta
Parth JindalManaging DirectorHöegh LNG Asia
Shinsuke UmadaGeneral Manager, FSRU & LNG SolutionsMOL (Asia Oceania)
BENEFITS OF ATTENDING Participate in Asia’s Only Dedicated FSRU
Event, bringing together global industry players from the entire value chain
Gain Market Intelligence on FSRU with more than 40 projects forecasting to come online
Hear Updates on Existing Projects and Gain Insights on FSRU Project Delivery from Development and Execution, through to Operations
Explore How You Can Further Commercialise FSRUs through new opportunities in FSUs, FRUs and Small-Scale FSRUs
Learn how to anchor FSRU Demand through Gas-to-Power Projects to facilitate robust FSRU growth
Sponsor: Researched & developed by:
T: +65 6722 9388 • E: [email protected] • W: www.fsrusummit.com
Dear Colleagues,The rise in global demand for LNG has hailed FSRUs as a commercially viable and cost-effective option to import LNG. We saw this especially happen in developing nations in the past few years, but the presence of political instabilities and lack of regulations have led to a number of projects experiencing delays, stalling or even cancellations.
However the market remains optimistic. With more than 40 proposed import projects utilising FSRU facilities, the FSRU industry shifts its focus to utilising FSRUs for gas-to-power projects with an emphasis placed on ensuring robust financing and contracting structures for successful project development and execution.
In line with market changes, the FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power, Improved Project Economics & Optimal Financing Structures.
I invite you to explore the programme and speakers we have on board with us. Join us this coming June 2020, together with industry leaders across the LNG and FSRU value chain as we focus on the most pressing issues riding the industry and participate in solution-orientated discussions to unlock the massive potential FSRUs can bring to the market.
I look forward to welcoming you at the congress.
Best Regards,
Krishna Mawani Programme DirectorFSRU World Congress 2020
CONFERENCE KEY THEMES FSRU INDUSTRY OUTLOOK & UPCOMING MARKET HOTSPOTS Find out where the hottest market opportunities lie in both emerging and mature gas economics for FSRUs with a look at the order books of FSRUs in operations and under construction.
GAS-TO-POWER COMMERCIALISATIONHear from leaders on how you can anchor FSRU demand to gas-to-power projects to navigate common demand challenges in the FSRU market.
COMMERCIALISING FSRUS WITH FINANCING & CONTRACTINGExplore successful financing, contracting and leasing models to make FSRU project economics work in the current market scenario.
FSRU OPERATING EFFICIENCIES OPTIMISATION Hear about innovative operational strategies on how you can manage commercial operations to be cost effective, productive, on-time and on-budget.
INNOVATIVE FSRU MODELS Explore the various opportunities within FSRU, be it small-scale FSRUs, FSRPUs, FRUs, or FSUs and assess the feasibility of these projects in various economies and markets.
NETWORKING, NETWORKING & MORE NETWORKING!Network and engage in solution-oriented working groups and discussions with the FSRU value chain to brainstorm with your peers and walk away with actionable strategies to push FSRU projects forward.
KEY SESSIONS YOU WON’T WANT TO MISS
Optimising Gas Supply through LNG Import to Thailand
Exploring GasLog’s Floating LNG Developments in Panama and Greece
Understanding FSRU Independence’s Role in Securing Long-Term LNG Import in Lithuania
Designing a New FSRU Concept to Deliver LNG-to-Power
T: +65 6722 9388 • E: [email protected] • W: www.fsrusummit.com
OUR 2020 SPEAKERS INCLUDE...
Shinsuke UmadaGeneral Manager, FSRU & LNG Solutions, MOL
Arūnas MolisKlaipeda LNG Director, AB Klaipėdos Nafta
Parth JindalManaging Director, Höegh LNG Asia
Paramdeep SinghDevelopment and Commercial Optimisation Manager,GasLog
Tony HeffernanHead of Operations—FSRU & LNG, Pardus Energy
Kjell WoutersProjects Development Manager, EXMAR Infrastructure
Deokki KimProject Manager, Hyundai Heavy Industries
Nazery KhalidHead of Planning & Development, Boustead Heavy Industries Corporation Bhd
Isabel ChattertonRegional Industry Director of Infrastructure and Natural Resources – Asia Pacific, International Finance Corporation
Dindo AbuegCo-Head of Project Finance, Asia Pacific, Korea Development Bank
Melvin GweeDirector of Infrastructure Finance,Natixis Bank
Jeesun HanEnergy ProjectTeam Lead,Asian Infrastructure Investment Bank
Siddhartha ShrivastavaHead of Energy & Natural Resources, Global Structured Finance, Investment Banking Dept., Asia Sumitomo MitsuiBanking Corporation
Xi NanVice President of Gas and Power Markets, Rystad Energy
Mangesh PatankarDirector – Gas & LNG Consulting, Wood Mackenzie
Nibong UngkurapinanChief of Civil and Coastal Engineering Department - FSRU Project,Electricity Generating Authority of Thailand
T: +65 6722 9388 • E: [email protected] • W: www.fsrusummit.com
GLOBAL FSRU PROJECTS
UNITED STATES
ARGENTINA
INDONESIA
ISRAEL
ITALY
LITHUANIA
KUWAIT
JORDANUAE
PAKISTAN
COLOMBIA
EGYPT CHINABANGLADESH
TURKEY
JAMAICA
RUSSIA
INDIA
BRAZIL
CROATIA
EL SALVADOR
CYPRUS
F S RU
F S R U
F S R U
F S RU
With 24 FSRU projects in operations and 8 under way in construction, FSRUs remain the most quick and cost-effective solution for countries looking to diversify their energy mix. The technology is being increasingly adopted in both emerging and mature gas markets. We’ve put together an updated map showcasing current FSRU projects in construction.
Terminal Name : Cilamaya - Jawa 1 FSRUStart-Up Year : 2021 Nameplate ReceivingCapacity (MTPA) : 2.4
Terminal Name : H-Gas LNG Gateway (Jaigarh)Start-Up Year : 2020 Nameplate ReceivingCapacity (MTPA) : 4
Terminal Name : Jafrabad FSRUStart-Up Year : 2020Nameplate ReceivingCapacity (MTPA) : 5
Terminal Name : Sergipe LNG TerminalStart-Up Year : 2020 Nameplate ReceivingCapacity (MTPA) : 3.6
Terminal Name : Acu Port LNGStart-Up Year : 2021Nameplate ReceivingCapacity (MTPA) : 5.6
Terminal Name : Krk LNG terminalStart-Up Year : 2021 Nameplate ReceivingCapacity (MTPA) : 1.9
Terminal Name : El Salvador FSRUStart-Up Year : 2021 Nameplate ReceivingCapacity (MTPA) : 0.5
Terminal Name : Cyprus FSRUStart-Up Year : 2022 Nameplate ReceivingCapacity (MTPA) : 0.6
Data Courtesy: Rystad Energy
LEGEND:■ Under construction■ Iin operation ■ Both under construction & in operation
T: +65 6722 9388 • E: [email protected] • W: www.fsrusummit.com
SPONSORSHIP OPPORTUNITIES The FSRU World Congress is the only dedicated event in Asia with a strategic focus on FSRU projects and their entire project life-cycle. This means that it is the most unique opportunity for you to be at the top-of-mind and right-in-front of the exact target audience who are looking at new solutions and technologies to facilitate successful FSRU project execution.
If you provide these solutions, we can work together with you to design the most suitable strategy to meet your objectives:
• FSRU Equipment Providers• Project Consultants• EPCs
• Technology Providers• Shipyards
• Shipping Companies• Banks/Project Financiers
BE POSITIONED RIGHT-IN-FRONT OF FSRU LEADERS AND DECISION MAKERS
Contact us now at +65 6722 9388 or email [email protected] or call to discuss how we can tailor our sponsorship packages to suit your business objectives.
THAT’SNOT ALL!
DEMONSTRATE THOUGHT LEADERSHIP
Position your cost-effective, innovative solution in front of active project owners
and decision makers through our Plenary Speaking Sessions, Interactive
Roundtable Discussions, Panel Discussions – or even deep-dive into some of the biggest issues by facilitating our pre-
or post-conference Workshops.
SHOWCASE YOUR SOLUTIONS – FRONT & CENTRE
Book an Exhibition Booth and demonstrate first-hand how your product/service is the
solution to their problem.
NETWORK & GENERATE LEADS FOR YOUR BUSINESS
Optimise your networking opportunities and get right in front of key decision makers by hosting a Private Luncheon or even
taking up our 1:1 Meeting Packages with qualified leads.
BOOST INDUSTRY VISIBILITY& CORPORATE BRANDING
Enhance your corporate profile and branding by hosting a Cocktail Reception
or one of our Networking Breaks – the most conducive time for you to interact with your prospects. Also remain front-of-mind of your target audience by sponsoring our Delegate Bags, Lanyards, Pens, Notepads
and more!
T: +65 6722 9388 • E: [email protected] • W: www.fsrusummit.com
WORKSHOPS PRE-CONFERENCE WORKSHOPS MONDAY, 1ST JUNE 2020
WORKSHOP A: 9.00 – 12.00
A Step-by-Step Guide to Designing Successful LNG-to-Power Projects
• Understanding key steps to undertake and design a LNG-to-Power project
• Aligning impact of anchoring LNG demand for FSRUs to gas-to-power projects
• Overview on the commercial risks associated• Navigating common challenges involved in developing and actualising an
LNG-to-power project
Workshop Leader: Nibong UngkurapinanChief of Civil and Coastal Engineering Department - FSRU ProjectElectricity Generating Authority of Thailand
WORKSHOP B: 13.00 – 16.00
Structuring Effective FSRU Contracts
• Exploring FSRU contract mechanisms and their effect on project bankability
• Examining effective FSRU contracting structures including EPCIC, charter party agreements
• Ensuring adherence to FSRU legal and regulatory requirements• Sharing of potential dispute areas throughout the overall FSRU project
lifecycle
POST-CONFERENCE WORKSHOPS THURSDAY, 4TH JUNE 2020
WORKSHOP C: 9.00 – 12.00
Economical & Commercial Considerations between FSRU New-Builds vs. Conversions
• Detailing the commercial advantages for FSRU conversions and new builds
• Understanding vessel fundamentals and requirements to consider before deciding on a viable mode
• Assessing financing options and effective project structure for conversion projects
Workshop Leader: Deokki Kim Project ManagerHyundai Heavy Industries
WORKSHOP D: 13.00 – 16.00
Important Steps & Considerations to Optimise your Commercial Operations on FSRUs
• How can you balance between cost efficiency and operational productivity?
• Understanding the main elements involved in managing commercial operations of FSRUs
• Designing key frameworks to ensure health and safety requirements are met
• Discussing innovative ideas on successful commercial operations on board FSRUs
T: +65 6722 9388 • E: [email protected] • W: www.fsrusummit.com
CONFERENCE DAY ONETUESDAY, 2 JUNE 2020
08:00 Morning Refreshments & Registration
09:00 Chairman’s Welcome Remarks
FSRU MARKET OUTLOOK
09:15 Identifying FSRU Demand with LNG Import Demand in the Global Energy Mix
• Evaluating global demand for LNG in consideration of energy mix, market regulations and infrastructure
• Overview of FSRU order books, schedules and projects status • Improving FSRU project economics and competitiveness
Mangesh Patankar Director – Gas & LNG Consulting, Wood Mackenzie
09:50 Assessing Asia Pacific’s Readiness in Importing LNG through FSRUs
• Assessing latest market hotspots for FSRU project feasibility in Asia • How can FSRUs fuel support for LNG demand in the region? • Understanding what project stakeholders need to get in order to get FSRU projects off the ground
Moderator: Xi Nan Vice President of Gas and Power Markets, Rystad Energy
10:30 Speed Networking & Morning Refreshment Break
MITIGATING FSRU PROJECT RISKS
11.10 Managing Risk to Overcome Barriers to Market Entry for On-Time FSRU Project Development and Execution
• Identifying risks involved in an FSRU project from initiation to actualisation
• Allocating project risk appropriately across all players to manage risk and ensure efficiency
• Optimising LNG deliveries to meet energy demand and mitigate supply risk
11.45 Driving FSRU Forward: Lessons Learned from Successful FSRU Projects
• Matching the pros and cons of the different FSRUs for early stage concept selection
• Necessary adaptions to avoid regulatory pitfalls and ensure secure financing
• How to maximise project viability and streamline project execution for on-time and on-budget delivery
Parth Jindal Managing Director, Höegh LNG Asia
FACILITATING GAS-TO-POWER DEMAND
12.20 Anchoring FSRU Demand through Gas-to-Power Projects • Assessing risks involved in tying FSRUs to power plants • Navigating demand uncertainty through the integration of FSRUs with
gas-to-power projects • Exploring alternative strategies for robust FSRU growth
12:55 Networking Lunch
14:00 Optimising Gas Supply through LNG Import to Thailand • Overview of the current natural gas supply situation in Thailand • Evaluating the benefits of FSRUs in meeting Thailand’s gas demands • Updates on timeline, progress of the two planned FSRUs across the
country Nibong Ungkurapinan Chief of Civil and Coastal Engineering Department - FSRU Project, Electricity Generating Authority of Thailand
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T: +65 6722 9388 • E: [email protected] • W: www.fsrusummit.com
CONFERENCE DAY ONETUESDAY, 2 JUNE 2020
14:45 Readying Infrastructure to Facilitate LNG-to-Power FSRUs • Identifying the wider infrastructure ecosystem necessary for FSRU projects • Designing effective strategies of integrating FSRUs with associated onshore facilities • Identifying associated ways to reduce project development and operational cost 15:10 Afternoon Refreshment Break
EFFECTIVE FINANCIAL & CONTRACTUALCONSIDERATIONS FOR FSRUs
15:40 How Can We Strengthen the Financing Landscape for FSRU Projects?
• Assessing the investment appetite for FSRU projects in the changing LNG market
• Reviewing key FSRU investment concerns and considerations to make your project bankable
• Analysing current and emerging innovative schemes, and alternative funding models to understand which models are most conducive
Panellists: Dindo Abueg Co-Head of Project Finance, Asia Pacific, Korea Development Bank
Melvin Gwee Director of Infrastructure Finance, Natixis Bank
Jeesun Han Energy Project Team Lead, Asian Infrastructure Investment Bank
Siddhartha Shrivastava Head of Energy & Natural Resources, Global Structured Finance, Investment Banking Dept., Asia Sumitomo Mitsui Banking Corporation
16:25 Implementing Robust Commercial FSRU Contracts to Reduce High Risk • How can you structure your contracts amidst market uncertainties? • Balancing financial risks in the value chain between both FSRU operators
and owners • Exploring FSRU contract mechanisms to mitigate risks for project
stakeholders
Isabel Chatterton Regional Industry Director of Infrastructure and Natural Resources – Asia Pacific, International Finance Corporation
17:00 Chairman’s Closing Remarks & End of Congress Day One
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T: +65 6722 9388 • E: [email protected] • W: www.fsrusummit.com
CONFERENCE DAY TWOWEDNESDAY, 3 JUNE 2020
08:00 Morning Refreshments & Registration
09:00 Chairman’s Welcome Remarks
PROJECT UPDATES TO FSRU DEVELOPMENTS
09:15 Gaining Insights into the Turquoise FSRU Project in Turkey’s Aegean coast
• Understanding the start-to-end project conceptualisation process to project delivery for Pardus Energy’s FSRU project
• Navigating stakeholder challenges in making project economics viable • Exploring additional opportunities to further utilise FSRU abilities
Tony Heffernan Head of Operations—FSRU & LNG, Pardus Energy
09:45 Understanding FSRU Independence’s Role in Securing Long-Term LNG Import in Lithuania
• Overview of the current natural gas supply in Lithuania • Optimising terminal costs to reduce of cost of LNG terminal infrastructure
for consumers • Klaipedos Nafta’s future FSRU development plans
Arūnas Molis Klaipeda LNG Director, AB Klaipėdos Nafta
10:20 Group Networking & Morning Refreshment Break
NEW TRENDS & OPPORTUNITIES WITHIN FSRU
11:10 Designing a New FSRU Concept to Deliver LNG-to-Power • Outlining overview of MOL Group’s lng-to-power projects to deliver and
receive regasified LNG • Planning an effective strategy to reduce fuel costs, increase availability of LNG and allow for more cost-effective FSRU project development • Introducing the new concept of LNG-to-Powership solution
Shinsuke Umada, General Manager – FSRU & LNG Solutions, MOL (Asia Oceania)
11:45 Developing Small-Scale FSRU to Accommodate the Growing Small-Scale LNG Market
• Why small-scale FSRU? Understanding the applications of small-scale FSRUs and how they will fit the marketplace
• Making small-scale FSRU project economics work with different field and market requirements
• Balancing FSRU costs and design to meet project requirements and lower overall cost of delivery
12:20 Exploring GasLog’s Floating LNG Developments • An overview of GasLog’s FSU in Panama and Alexandroupolis FSRU in
Greece • Overcoming challenges in gas import terminal developments • Creating value in project development and commercial operations Paramdeep Singh Development and Commercial Optimisation Manager, GasLog
13:00 Networking Lunch
T: +65 6722 9388 • E: [email protected] • W: www.fsrusummit.com
CONFERENCE DAY TWOWEDNESDAY, 3 JUNE 2020
FSRU INTERACTIVE ROUNDTABLE DISCUSSION GROUPS
How does this work?Delegates will be free to choose a roundtable topic of their choice. Each table will last 40-minutes followed by a summary of the key takeaways. This format is highly interactive and will allow participants to share, discuss and exchange best practices from their experiences.
14:00 ROUNDTABLE A Developing Optimal Financing Models and Structures for FSRUs
Dindo Abueg Co-Head of Project Finance, Asia Pacific Korea Development Bank
ROUNDTABLE B Enhancing FSRU Economics and Performance with Standardised Design
ROUNDTABLE C Exploring how FSRUs can Play a Role in the Emerging LNG Small and
Medium Scale Market
Nazery Khalid Head of Planning & Development Boustead Heavy Industries Corporation Bhd
ROUNDTABLE D Exploring Different Risk Sharing Mechanisms Between the Developer,
FSRU Operator and Government
15:20 Afternoon Refreshment Break
FSRU OPERATIONS & ASSET MANAGEMENT
15:50 Developing the Next-Generation FSRU through Performance Optimisation
• Maintaining efficiency of regasification plant to ensure smooth operations and reliability of the facility
• Discussing the key areas of operational readiness and safety on small to mid-scale FSRUs
• Customising mid-scale FSRUs to maximise the operations and efficiency Kjell Wouters Projects Development Manager, EXMAR Infrastructure
16:25 Building Re-Deployable and Cost-Competitive FSRUs • Evaluating the feasibility of redeployments as a cost-effective solution to
monetise fields • Verifying the early scope of requirements and field economics for an ideal
vessel-field fit • Strategies on balancing project-specific commercial and technical
parameters whilst ensuring reliable FSRU performance and redeployment
17:00 Closing Address by Chairperson and End of Congress
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T: +65 6722 9388 • E: [email protected] • W: www.fsrusummit.com
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