Embed Size (px)
Citation preview
IEEJ: December 2009
Qatar LNG to Japan
Actual Status and Future Prospect
Tokyo, Japan18th November 2009
Ahmed Al‐KhulaifiChief Operating OfficerCommercial & Shipping Qatargas Operating Company Ltd.
IEEJ: December 2009
IEEJ: December 2009
DELIVERING LNG TO THE WORLD
Leading the World in LNG (2009-2010)
2
Japan is the world’s largest consumer of LNG.
Qatar is the world’s largest supplier of LNG.
Japan Demand32%
Rest of World Demand68%
Qatar Supply25%
Rest of World Supply
75%
IEEJ: December 2009
DELIVERING LNG TO THE WORLD
A Relationship of Historic Milestones
3
1992
1996
1997 2008
2010
10th
Anniversary Ceremony
1st QflexTohoku Electric at Niigata
1st SPA signed
1st Vessel Al Zubarahbuilt at Chiba, Japan
1000th LNG Delivery
1st QMax possible
Inauguration of QG1 LNG plant 2007
Highlights include: annual visits by our Energy Minister, a visit by the Qatari Emir, and a visit by the Prime Minister of Japan. The relationship is also supported by strategic investments from Japanese firms into Qatar LNG supply projects.
1st LNG Delivery Chubu Electricat Kawagoe
10 Years of Safe LNG Deliveries
MT of LNG into Japan
More than 6 mpta in future?
IEEJ: December 2009
DELIVERING LNG TO THE WORLD
Qatar LNG Deliveries in Japan
4
Futtsu
Chita
Himeji
Yokkaichi
Higashi‐Ohgishima
SodegauraOhgishima
Negishi
Yanai
Senboku
Sakai
Oita
KawagoeMizushima
Tobata
Kyushu
Shikoku
Hokkaido
Honshu
Qatar Vessels to Japan
Al Bidda QFLEXAl Jasra Al RuwaisAl Khor Al SafliyaAl Rayyan DuhailAl Wajbah Al GhariyaAl Wakrah TembekAl Zubarah A HamlaBroog Al GattaraDoha Al GharrafaZekreet
Reliable LNG supply to Japanese energy firms and their respective terminals.
Reliable investment for Japanese shareholders.
Spot Buyers:Kyushu Electric PowerShizuoka Gas Company
Niigata
Shimizu
‐ Niigata
‐ Ohgishima‐ Sodegaura‐ Negishi
‐ Futtsu‐ Higashi‐Ohgishima‐ Sodegaura
‐Sakai‐ Himeji
‐Himeji‐ Senboku
‐Yanai‐Mizushima
‐ Chita
‐ Chita‐ Yokkaichi‐ Kawagoe
• QFlex deliveries have been made to Niigata and Ohgishima Terminal to date.• Chita scheduled to receive QFlex in December 2009.
IEEJ: December 2009
Overview of Qatar LNG
DELIVERING LNG TO THE WORLD
Qatargas Ventures MTAQG 1 10.0QG 2 15.6QG 3 7.8QG 4 7.8Total 41.25
Rasgas Ventures MTARL 1 6.6RL 2 14.1RL 3 15.6
Total 36.3
Qatar Production MTATotal 77.5
Reliability.
IEEJ: December 2009
Qatar LNG Shipping
DELIVERING LNG TO THE WORLD
Qatar’s LNG Fleet
14 Q‐Max
31 Q‐Flex
26 Conventional Ships
6
Qatargas’s LNG Fleet
13 Q‐Max
19 Q‐Flex
12 Conventional Ships
Rasgas’s LNG Fleet
1 Q‐Max
12 Q‐Flex
14 Conventional Ships
Flexibility.
IEEJ: December 2009
Qatar Receiving Terminals
DELIVERING LNG TO THE WORLD
Qatar’s Terminal Capacity
South Hook, UK 15.6
Golden Pass, USA 15.6
Adriatic LNG, Italy 5.97
Market Reach.
• Qatar has invested in Receiving Terminals.
• This investment has brought energy security to LNG consuming countries.
IEEJ: December 2009
US
MexicoGolden Pass
Japan
India
UK
Italy
China
Office
Qatar Owned Terminal
3rd Party Receiving Terminal
JLOKuwait
South Hook
Taiwan
Korea
Ras Laffan
Spain
France
Qatar’s Global LNG Network
DELIVERING LNG TO THE WORLD8
Poland
IEEJ: December 2009
DELIVERING LNG TO THE WORLD
Meeting the LNG Demand of the Future
9
US Recession‘90‐’91
Asian FinancialCrisis ’97‐’98
USRecession
‘01
Global Financial Crisis ‘09
• Qatar remains a strategic partner for Japanese firms.
• Qatar provides a lower carbon emissions energy alternative.
• Qatar supplies reliable LNG with unprecedented market reach and flexibility.
IEA Data
IEEJ: December 2009
0
10
20
30
40
50
60
70
80
90
100
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
MT of LN
G
Domestic Production LNG Long Term SPA Potential SPA Uncontracted Supply Gap Gas Demand
Source: Wood Mackenzie
DELIVERING LNG TO THE WORLD
Future Possibilities for Japan
10
Supply Gap
• Japan faces an increasing gap between contracted supply and future demand.
• New LNG Projects after 2015 may not materialize.
• Global LNG Market may tighten after 2015.
Japan faces a long term security of supply risk. Japan risks increasing prices in a tighter supply market.
