Future of Natural Gas Resources and LNG Markets...Future of Natural Gas Resources and LNG Markets...

Future of Natural Gas Resources and LNG Markets

October  2016  

Rick Wilkinson Chief Technical Officer  

Note:  Liquefac5on  capacity  only  takes  into  account  exis5ng  and  under  construc5on  projects  expected                            online  by  2020      Source:  IGU  World  LNG  Report  2015  

Australia,  Russia  and  USA  and  building  material  new  LNG  capaci:es  to  export  gas  

Liquefac5on  Capacity  by  Country  in  2014  and  2020  

Source:  EnergyQuest  Quarterly  Report  Aug  2016;  AEMO  Na5onal  Gas  Forecas5ng  Report  2015  

CBM  and  LNG  has  had  a  major  impact  on  the  Australian  domes:c  gas  market  

Eastern  Australia  total  annual  gas  consump5on  (PJ  pa)  

Western  Australia  –  Carnarvon  Basin  

Source:  Australian  Govt  Dept  of  Industry  Geoscience  Australia:  Australian  Energy  Resource  Assessment  2014  

NWS  

Northern  Territory/Western  Australia  –  Browse  Basin  

Source:  Australian  Govt  Dept  of  Industry  Geoscience  Australia:  Australian  Energy  Resource  Assessment  2014  

Queensland  Gas  Fields  

Source:  Australian  Govt  Dept  of  Industry  Geoscience  Australia:  Australian  Energy  Resource  Assessment  2014;  LNG  World  News  image  

Gas  Trade:  (BCM  pa)  

LNG                  338  Pipeline    704  Total          1,042  

Source:  BP  Sta5s5cal  Review  of  World  Energy  June  2016    

LNG  has  many  compe:tors  including  pipelines  which  move  two  thirds  of  global  traded  gas…  

…before  considering  coal,  nuclear  or  renewables  

Re-­‐Exports  by  Country,  2005  -­‐  2014  Non  Long-­‐Term  Volumes,  1995-­‐2014  

To  be  compe::ve,  LNG  needs  to  build  commercial  and  physical  capacity  to  trade  short  term  and  op:mise  value  

Source:  IGU  World  LNG  Report  2015