PS6-2 China's First LNG Import Terminal

1,449 views
1,300 views

Published on

0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
1,449
On SlideShare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
28
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide
  • Fast growing market with high affordability 39 million population Per capita GDP of $6248 vs. national average $850, Economic growth 18% p.a. in the last 5 years vs. China’s 8%. Pent-up energy demand Lacks of indigenous resources & imports around 75% of its energy needs. Power consumption CAGR was 14% for the past 10 years and is expected to grow at 7% pa. until 2010. Power as anchor demand, accounting for 80% of gas demand Analogue with Taiwan
  • PS6-2 China's First LNG Import Terminal

    1. 1. China’s First LNG Import Terminal LNG 14 Doha, Qatar 24 th March 2004 Chu Yanqun LC (Buddy) Hicks Lu Ningxian
    2. 2. China’s First LNG Import Terminal <ul><li>Characteristics - Guangdong Province </li></ul><ul><li>Pearl River Delta Energy Demand </li></ul><ul><li>Shareholders </li></ul><ul><li>Project Description </li></ul><ul><li>Trunkline Route & Customers </li></ul><ul><li>Commercial Arrangements </li></ul><ul><li>Summary </li></ul>
    3. 3. Guangdong Province <ul><li>Total population c. 86 million (larger than the UK) </li></ul><ul><li>GDP approximately equal to: </li></ul><ul><ul><li>Malaysia, </li></ul></ul><ul><ul><li>Singapore </li></ul></ul><ul><ul><li>Philippines </li></ul></ul><ul><li>GDP growth 7- 9% p.a. </li></ul><ul><li>2003 GDP 13.6% </li></ul><ul><li>Insufficient domestic energy resources </li></ul>Hong Kong Population: 7m Macau Population: 0.4m West Pearl River Delta Population: 8m East Pearl River Delta Population: 31m Guangzhou Shenzhen Hong Kong Macau Foshan Dongguan Pipeline Route $10 bln of GDP
    4. 4. Guangdong Energy Demand Growth of Energy Mix 4.0% 7.0% 8.7% 9.1%
    5. 5. Pearl River Delta PRD vs. Taiwan market (2001) 60 67 Total primary energy consumption (mtoe) 14 10 Gas demand in 2010 (bcm) 2.7% 9.0% GDP CAGR (2000-04) 12500 5900 GDP / capita ($) 286 272 GDP ($m) 23 46 Population (m) Taiwan PRD
    6. 6. Initial Gas Sales LNG Demand at Plateau GD Power 2.05 mtpa 55% GD LDCs 1.03 mtpa 28% HK Users 0.63 mtpa 17%
    7. 7. Initial Project Development <ul><li>1995 CNOOC / Shenzhen studies </li></ul><ul><li>1999 SDPC Listing </li></ul><ul><li>2001 BP Selected as Foreign Partner </li></ul><ul><li>Establishment of Joint Executive Office </li></ul><ul><li>2003 Feasibility Study Approved </li></ul>
    8. 8. JV Company CNOOC 33% BP 30% Shenzhen Gas 10% Guangdong Yudean 6% Guangzhou Gas 6% Shenzhen Energy 4% Hong Kong Electric 3% Hong Kong & China Gas 3% Foshan Municipal Gas 2.5% Dongguan Fuel 2.5% Guangdong Dapeng LNG Company
    9. 9. Terminal & Trunkline Project Description <ul><li>Phase 1 capacity 3.7 mtpa </li></ul><ul><li>One single berth jetty </li></ul><ul><li>Vaporisation Facilities </li></ul><ul><li>2 X 160,000 m 3 storage tanks </li></ul><ul><li>370 Km of pipelines </li></ul><ul><li>c. $900m project and working capital </li></ul>
    10. 10. Foshan Dongguan Huizhou Hong Kong Shenzhen Qianwan Guangzhou Zhujiang Dongbu Trunkline Route <ul><li> </li></ul><ul><li>370 Kms </li></ul><ul><li>Send-out: </li></ul><ul><li>Guangdong </li></ul><ul><li>city gas </li></ul><ul><li>power stations </li></ul><ul><li>Hong Kong Electric </li></ul><ul><li>Hong Kong & China Gas </li></ul>Meishi Nanhai Terminal Offtake Station Phase 1 Pipeline Submarine Pipeline
    11. 11. Commercial Arrangements LNG Sale and Purchase Agreement Supply from Australia NWS, 25 years, take-or-pay, 3.2 mtpa at plateau, FOB Shipping 2-3 vessels, 145,000 m 3 capacity, develop national LNG shipbuilding, Sino-foreign JV JV Company 30 years, LNG purchase, transportation, storage, re-gasification and gas marketing Financing 70% debt, 30% equity, project finance, syndicate of Chinese banks Gas Sales Contracts 25 years, take-or-pay, back-to-back with LNG purchase Terminal EPC Contract Saipem, Technigaz, Tecnimont and Sofregaz consortium selected as contractor, early works started in June 2003 Trunkline FEED ongoing
    12. 12. China’s First LNG Import Terminal <ul><li>First gas mid 2006 </li></ul><ul><li>Promotes clean energy and blue skies over Guangdong & Hong Kong </li></ul><ul><li>Leads the development of the Chinese LNG industry </li></ul>Guangdong Dapeng LNG Company Ltd.

    ×