Commercialising FSRUs: LNG-to-Power, Improved Project ... · With 24 FSRU projects in operations and 8 under way in construction, FSRUs remain the most quick and cost-effective solution

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


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


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


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!


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


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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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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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


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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Documents

Commercialising FSRUs: LNG-to-Power, Improved Project ... · With 24 FSRU projects in operations and 8 under way in construction, FSRUs remain the most quick and cost-effective solution