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Maximising LNG import potential to ensure sustainability and
diversification of gas supplies
Thierry Deschuyteneer GIE Executive Secretary
Gas Transport & Storage Summit, Berlin, 25 March 2014
2
Who we are
GLE represents >90% of regasification capacity in the EU
• GLE is one of the three columns of GIE (Gas Infrastructure Europe), the European association of the Transmission, Storage and LNG Terminal Operators
• GLE membership:
16 member companies
9 countries
2 observers
3
LNG terminals in Europe (large scale)
LEGEND
EXISTING
UNDER CONSTRUCTION/ COMMITTED
PLANNED / UNDER STUDY
DOCKSIDE REGAS FACILITY
CANARY
ISLANDS
Detailed information on LNG terminals available at http://www.gie.eu/index.php/maps-data/lng-map
EXISTING
22 LNG Terminals (196 bcm/y)
UNDER CONSTRUCTION / COMMITTED
6 LNG Terminals (32 bcm/y)
UNDER STUDY / PLANNED
32 LNG Terminals (>160 bcm/y)
Source: GLE LNG Map, update February 2014
6
Declining European LNG imports
• Import of LNG into Europe fell by a quarter between 2011 and 2012 and by almost a third between 2012 and 2013
• Between 2010 and 2013 European supply fell by 54.8 bcm, LNG import by 40.6 bcm
Source: Econgas
European* supply mix in bcm/y LNG imports to Europe* in bcm/y
7
Low level of utilization rates
All countries affected; since 2011 European average slashed by more than half and stands now just above 20%
If calculated on gross import volumes (i.e. before re-exports), the figures above would be improved for countries
where cargoes have been reloaded. However, European average would not be significantly changed.
0%
10%
20%
30%
40%
50%
60%
70%
80%
2009 2010 2011 2012 2013e
Utilisation Rates of European LNG Terminals(based on net import volumes)
Italy
Turkey
France
Europe
Spain
Belgium
Portugal
UK
Greece
NL
sources: GIIGNL GLE, Poten & Partnersfirst 8 months
8
A challenge for LSOs
Although acuteness of the situation may be different on each LNG terminal depending on technical or contractual characteristics, most LSOs share concerns regarding:
• management of “Minimum Send-out” to avoid the need for flaring
• management of inventory to maximize send-out on peak demand periods
Source Poten & Partners - LNG in World Markets - July 2013
• management of maintenance and operation (e.g., reduced lifetime of all the rotating equipment results in increasing maintenance cost)
• and more generally, the organization of the LNG terminals
9
Low LNG imports continue …
• After 27% fall between 2011 and 2012
• New 26% fall over the first eight months of 2013 (25 Mt LNG) vs same period 2012 (34 Mt LNG)
• Potential emergence of some trend towards stabilization?
0
1
2
3
4
5
6
LNG Imports in European Terminals*
Turkey
Greece
NL
Portugal
Italy
Belgium
France
UK
Spain
Mt/month
source: Poten & Partners,
* beforere-exports
10
LNG is part of the global energy market
• LNG is preferentially shipped to where prices are the highest, i.e. currently Asia and South America
• Future: a lot of uncertainties, e.g., nuclear energy policy in Japan, development of LNG demand in Asia, exports from North America, East Africa…
• However, sustained flows of LNG returning to Europe are not expected immediately
• European LSOs are proposing/developing new services to meet market needs, e.g. reloading
• LNG market works properly
Asia
EU
US
Source: Quarterly Report on European Gas markets, DG Energy, 2Q2013
11
25% liquefaction capacity increase
• Will reduce current LNG supply shortage
• Shift from Middle East to Australia enlarges availability of LNG for Europe
• US LNG will add flexibility
LNG liquefaction capacity (bcm/y)
500
400
200
300
100
0
Source: IEA 2014 2017
Russia
United States
Other Africa
Angola
Algeria
Norway
Latin America
Other ME
Qatar
Other Asia Pacific
Papua New Guinea
Indonesia
Australia
2015 2016
+100 bcm/y in 4 years
12
Development of “new” LNG services (1)
Reloading
• Transfer of LNG from the LNG reservoirs of the terminal into a vessel
• 10 LNG terminals have reloaded cargoes
• 12% of gross imports have been re-exported (6% in 2012) including toward EU countries
13
Development of “new” LNG services (2)
Transhipment
• Direct transfer of LNG from one vessel to another
• Offered in France (3 operations in 2013) and Spain and from 2015 in Belgium
Transhipment of LNG completed by Elengy and the Port of Nantes Saint-Nazaire at Montoir-de-Bretagne Source: GdF Suez
14
Small-Scale LNG services of terminal operators (1)
Loading of bunkering ships
• LNG is loaded on bunkering ships which supply to LNG-fuelled ships or LNG bunkering facilities for vessels
LSOs are developing services to support the application of LNG as a fuel
Source: World Maritime News Source: VEKA Group
15
Small-Scale LNG services of terminal operators (2)
Truck loading
• LNG is loaded on tank trucks which transport LNG in smaller quantities
Source: Reganosa
Source: The Rootselaar Group
16
Small-Scale LNG services of terminal operators (3)
Rail loading
• LNG is loaded on rail tanks which transport LNG in smaller quantities
Source: Fleet & Fuels, LNG Locomotives in Russia
Source: IIP Digital
17
• Data provided: Minimum ship size, hourly capacity, use of services in the past
• Data are presented per terminal of the GLE members
• Launched in February 2014
Published on www.gie.eu
Provides an overview of the new services offered by GLE members with special focus on Small-Scale LNG
• 5 services included: reloading, transhipment, loading of bunkering
ships, truck loading, rail loading
GLE New LNG Services Inventory
Source: GLE New LNG Services Inventory, February 2014
18
• GLE members are interested in supporting the development of Small-Scale LNG in Europe
• The map will not only show existing Small-Scale LNG infrastructure and projects (transport and off-grid applications), but also identify missing links in the network
• The map shall be available by the end of March 2014
Scope of work available on www.gie.eu
Development of a map showing the Small-Scale LNG infrastructure in Europe
Source: DRAFT GLE SSLNG Map, Dec 2013
19
GLE transparency initiatives (1)
All information available on www.gie.eu
European LNG terminal operators support transparency of the European LNG market
ALSI (Aggregated LNG Storage Inventory)
• A public platform making available aggregated operational data regarding the operation of EU LNG terminals
• Launched in March 2013
20
GLE transparency initiatives (2)
GLE LNG Terminals Transparency Template
• A common facilitating tool that makes the already existing information on individual websites more accessible to the market
• Published by all GLE members since the end of 2012
All information available on ww.gie.eu
21
GLE transparency initiatives (3)
• Annual update of the GLE LNG Map: Shows the existing European LNG terminals and projects indicating the status (planned and committed / under construction) with key information
• July 2013 version available
All information available on www.gie.eu
22
GLE transparency initiatives (4)
Update of the GLE LNG Investment Database
• A collection of GLE and non-GLE public information on LNG terminal projects around Europe. The projects are presented per country and company
• July 2013 version published
All information available on www.gie.eu