Energy in Australia: A Queensland Perspective · Services of “Trade & Investment...

David CamerlengoTrade & Investment Commissioner, North America

Trade & Investment Queensland

API, Houston – May 13, 2014

Energy in Australia: A Queensland Perspective

Overview of Queensland

Australian Gas ReservesAustralia: Energy Resources

Source: BREE

Australian Gas ReservesAustralia: Energy Production

Source: Bureau of Resources and Energy Economics, Australian Energy Update, July 2013

Australian Gas ReservesAustralia: Energy Exports

Source: Bureau of Resources and Energy Economics, Australian Energy Update, July 2013

Australian Gas ReservesProjected Growth in LNG Exports

Source: BREE

Australian Gas ReservesWorld LNG Demand

Source: Wood McKenzie LNG Tool (May 2012). APPEA.

Australian Gas ReservesGlobal LNG Supply by Country (2012)

Source: 1. Bureau of Resources & Energy Economics 2. US EIA World Shale Gas Study

Australian Gas ReservesGlobal LNG Supply by Country (2017)

Source: 1. Bureau of Resources & Energy Economics 2. US EIA World Shale Gas Study

Source: APPEA

Annual Report 2012-13

Australia LNG Projects - Construction

Australia LNG Projects – Under Construction

Source: APPEA

Annual Report 2012-13

Map of Queensland Coal Basins

Source: Geological Survey Queensland

Bowen Basin

Surat Basin

Queensland Coal Bed Methane Reserves (2P) - 2007

Surat Basin 3.1 tcf

Bowen Basin 3.6 tcf

Total 6.7 tcf

Queensland Coal Bed Methane Reserves (2P) - 2013

Surat Basin 27.0 tcf

Bowen Basin 8.1 tcf

Total 35.1 tcf

Queensland LNG Projects

Photos courtesy of QCLNG

Map of Queensland LNG Projects

Source: Geological Survey Queensland

Bowen BasinGas Fields

Surat BasinGas Fields

Pipeline

Project Project Proponents EPCM

Awaiting FID

Queensland LNG Projects

75% 25%

37.5% 37.5% 25%

QCLNG

APLNG

GLNG

ARROW LNG

30% 27.5% 27.5% 15%

50% 50%Source: QGC, APLNG, GLNG, Arrow LNG

Project CapEx ($) Characteristics Off-Take Customers

USD ~$20.4billion

• 8.0 mtpa (2 trains)• 340 mile pipeline• First LNG delivery

late 2014

• CNOOC (China)• GNL (Chile)• EMA (Singapore)• Tokyo Gas (Japan)• Chubu Electric (Japan)

USD ~$23.2billion

• 9.0 mtpa (2 trains)• 325 mile pipeline• First LNG delivery

expected mid2015

• Sinopec (China)• Kansai Electric Power

(Japan)

USD ~$18.5billion

• 7.8 mtpa (2 trains)• 260 mile pipeline• First LNG delivery

expected 2015

• Petronas (Malaysia)• KOGAS (Korea)• TOTAL (France)

Unconfirmed

FID TBD• 8.0 mtpa (2 trains) • Shell

• PetroChina (China)

Queensland LNG Projects

QCLNG

APLNG

GLNG

ARROW LNG

Source: QGC, APLNG, GLNG, Arrow LNG

Wells Drilled in Queensland

1300 wells drilled in 2013

Source: Geological Survey Queensland (GSQ)

Wells Drilled in Queensland

Source: Geological Survey Queensland (GSQ)

• Period of 1999-2000 was the start of significant exploration /development

• Total of over 6,000 wells have been drilled to date

• Estimated 25,000 wells to be drilled across the life of the LNG projects

Wells Drilled in Queensland

Source: Geological Survey Queensland (GSQ)

Wells Drilled in Queensland

Source: Geological Survey Queensland (GSQ)

Wells Drilled in Queensland

Source: Geological Survey Queensland (GSQ)

Wells Drilled in Queensland

Source: Geological Survey Queensland (GSQ)

Wells Drilled in Queensland

Source: Geological Survey Queensland (GSQ)

Wells Drilled in Queensland

Source: Geological Survey Queensland (GSQ)

Wells Drilled in Queensland

Source: Geological Survey Queensland (GSQ)

Wells Drilled in Queensland

Source: Geological Survey Queensland (GSQ)

Wells Drilled in Queensland

Source: Geological Survey Queensland (GSQ)

Wells Drilled in Queensland

Source: Geological Survey Queensland (GSQ)

Wells Drilled in Queensland

Source: Geological Survey Queensland (GSQ)

Wells Drilled in Queensland

Source: Geological Survey Queensland (GSQ)

Wells Drilled in Queensland

Source: Geological Survey Queensland (GSQ)

Wells Drilled in Queensland

Source: Geological Survey Queensland (GSQ)

Wells Drilled in Queensland

Source: Geological Survey Queensland (GSQ)

Australia Shale Gas Basins

Australia Shale Gas Basins

Source: The Australian

Opportunities in CBM, LNG & Shale

Upstream• Drilling and drilling completion • Gas extraction technologies• Well productivity and efficiency• Reservoir evaluation• Well site operator training• Gas processing• Water and brine treatment• Gas gathering networks• Geological mapping services• Training of operators

Midstream• Pipeline service, maintenance,

repair• New infrastructure – pipelines

Downstream• Operations and maintenance of

LNG plants

International Companies in Queensland

Key Cities in Queensland

Brisbane - Capital City of Queensland• Oil & gas firms regional HQs• Mining global HQs• Engineering global HQs• Procurement offices• State and local government

Toowoomba – Gateway to Gasfields• O&G upstream regional HQs• Gas exploration & production hub• O&G services hub• Regional government• New international airport opening

late 2014

Services of “Trade & Investment Queensland”

• Provide market overview for oil & gas sector in Australia including opportunities for US companies

• Facilitate introductions to other government agencies:– Geological Survey of QLD (GSQ)– Dept. of Natural Resources & Mines (DNRM)– Dept. of Environment

• Facilitate engagement with industry in Queensland

• Provide understanding of business culture and considerations for how to do business in Australia

Services of Trade & Investment Queensland

David CamerlengoTrade & Investment Commissioner, North America

David.Camerlengo@tiq.qld.gov.au

Visit our Houston office:Trade & Investment Queensland

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