LNG in the Black Sea region

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What it takes to make LNG a reality in the Black Sea region

Rudolf Huber

Head of Business Development

Vienna, April 7th 2011

No „hold your hands“ session

No info overload

Lets have a frank and open chat

Mistakes in LNG

Copy the big boys

See confrontation between pipe and LNG

Spending your way out of trouble

Building Frankenstein supply chains

Having the wrong mindset

Realities

Business Model

Longterm finance

Markets

No monopoly wonderland

You can fail

No one owes you

Black Sea is not close to JKT

Smart financial tools mean trouble, not salvation

Relationships with baseload buyer are key

Why LNG is not pipeline gas

The 3 C‘s

Cold

Clean

Cheap

Hell, its a liquid

Fuelling the world

The real competitor

What pipe can not do

ECA rules

Chicken and egg

A paradigm change

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