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The Rise of LNG - Australia. GLOBAL OUTLOOK Current Global LNG demand strong Short-term-uncertain but recovering Medium-term-supply/demand balance Long-term-very positive. Japan Govt Estimate. IEA New Policy Estimate. Shell Estimate. 2030-35. AUSTRALIAN OUTLOOK - PowerPoint PPT Presentation
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The Rise of LNG - Australia
Australian LNG Projects
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Production Contracts
Potential projects including: Ichthys, Gorgon T4, Pluto T3, Browse, Wheatstone 2 &3, Pilbara LNG, Sunrise and Bonaparte FLNG & additional Gladstone LNG Trains (Potential 100+ mtpa)
Pluto T1
North West Shelf T5
Darwin LNG
GorgonT2, Pluto T2, QCLNG T2, GLNG T2 & APLNG T1
North West Shelf T4
North West Shelf Commencement
PotentialProductionIncrease
Gorgon T1, GLNG T1 & QCLNG T1
GorgonT3, Wheatstone T1 & Prelude FLNG
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1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2020
Mill
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Tonn
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Shell Estimate
IEA New Policy Estimate
Japan Govt Estimate
AUSTRALIAN OUTLOOK
• Current production-20 mtpa • Short-term-Pluto 24 mtpa• Medium-term-2015 approach 60 mtpa• Long-term-exceed 100 mtpa• Underpinned by long-term contracts
GLOBAL OUTLOOK • Current Global LNG demand strong• Short-term-uncertain but recovering• Medium-term-supply/demand balance• Long-term-very positive
2030-35
Australian LNG Projects
Floating LNG
• Novel application of existing technology
• Shell’s Prelude field 450km offshore in Browse Basin
* Will be first FLNG operation in the world
* Potential 3.5 mtpa LNG processing train
• Santos with GDF Suez in the Bonaparte Basin
• Sunrise Project
• PTTEP
CSG Projects
• Australia has potential CSG reserves of 150 tcf
• World’s first coal seam gas to LNG for export projects
• 4 major projects proposed for Gladstone, Queensland
* BG/QGC – Queensland Curtis LNG (in construction)
* Santos/Petronas/Total/KOGAS – Gladstone LNG (in construction)
* Origin/ConocoPhillips – Australia Pacific LNG (EPBC approved)
* Shell – Curtis Island LNG
• Further small projects potential
• Potential capacity 30-50 mtpa depending on gas reserves
• Other potential unconventional gasopportunities in Australia