Flng - Tapping the potential of floating lng


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Flng - Tapping the potential of floating lng

  1. 1. Tapping the potential of floating LNGOrganisations across the planet are slowly waking up to the possibilities presented byfloating liquefied natural gas (LNG), which for many is currently an untappedrevenue stream.Despite having significant potential, however, the majority of organisations in the oiland gas sector are still not benefiting from the opportunities presented by thisemerging technology.As floating LNG allows for the tapping of offshore gas reserves and access tostranded fields, and is an alternative to costly infrastructure investments, many expectinterest in it to gain momentum in the coming years, and one of these is the Bermuda-based Teekay LNG Partners, the largest LNG tank owner in North America.In an interview with Bloomberg, Peter Evensen, chief executive officer of theorganisation, said that tankers which can convert liquid to gas onboard will be in"increasing demand" in the next ten years, mainly as a result of rising electricityproduction boosting consumption.He stated: "The biggest new thing in the LNG area is floating storage regas units.These are ships that cater for a sudden need for gas for power."According to Mr Evensen, the company has so far identified 30 different sites whichmay need floating LNG converters in the coming five years, and these range fromglobal powerhouses such as China to Bangladesh and Indonesian islands.The current head of the companys North American division is set to take over asparent company Teekay Corporations chief executive in 2011 and said that during histenure he will be seeking to expand the number of tankers being used across theplanet.As the technology enables transportation by sea to markets not yet connected bypipelines, he said that the tankers effectively act as "import terminals", because theyare capable of carrying LNG to these areas as liquid before converting it back to gasand sending it to local pipelines.Companies utilising the technology find that the key benefits of doing so areunlocking offshore gas reserves, monetising stranded fields and bypassing expensiveinfrastructure, and Mr Evensen recognises that the likes of Dubai and Kuwait will alsoshow interest in the next five years."Thats probably where you are going to see a lot of incremental traffic. We are alsoseeing more places that burn fuel oil start to switch over to gas," he told Bloomberg.At the moment, the global LNG tanker fleet capable of converting LNG into gasconsists of 15 vessels, and Teekay, which currently owns 15 LNG tankers without this
  2. 2. capability, earlier this year confirmed that it had purchased a 50 per cent stake in oneof these advanced carriers.However, the LNG chief executive said he is currently "pessimistic" about the state ofUS LNG exports, as costs are generally higher than in regions such as Qatar, mainlydue to the time taken for the commodity to reach consumers.Nevertheless, companies such as Freeport LNG Development, Macquarie Group andCheniere Energy have stated their intention to build LNG export terminals across theUS.Mr Evensen speculated: "Gas has a great future in the US, but I dont believeexporting gas from the US has a great future.""Today you have Qatar, Malaysia, and Indonesia exporting LNG, but the one thatsgoing to be huge in the future is Australia. There is going to be plenty of gas evenbefore you take into account new LNG projects in Africa."In terms of the distances which need to be travelled, he said that it is "clearly" lessexpensive to bring gas from the Australasian countries and Indonesia to the majorLNG import markets, which include China, Japan and Korea.One thing is clear, however, the global floating LNG market will continue to grow inthe next ten years and organisations which have the knowledge and expertise to assessthe business case for investing in the technology will be the ones who benefit themost.The Global Floating LNG Summit will be hosted from 24th - 26th January in London. For moredetails, please visit the website: www.globalflngsummit.com , call freephone: 0800 652 2363or email: enquire@iqpc.co.uk.
  3. 3. Register and pay before 17th December 2010 and save up to £200 GLOBAL FLOATING LNG SUMMIT 2011 Unlock offshore gas reserves, monetise stranded fields and bypass expensive infrastructure This year’s expert participants include: Quote Senior Vice President - Operations FLNGSLIDE Excelerate Energy L.P. to receive a 20% discount Manager Concept Development on your FLEX LNG 2-Day Conference: 25th-26th January 2011www.globalflngsummit.com conference Vice President Pre Conference Workshop: 24th January 2011 ticket LNG Marine Operations America Square Conference Centre, London, UK E.ON Ruhrgas Floating Liquid Natural Gas represents a significant and yet untapped revenue stream. The Global FLNG Summit will provide Director operator led, in-depth analysis on how to: Methane Services BG Group • Perfect ship-to-ship transfer with the latest technical developments • Utilise the latest advances in floating re-gas and liquefaction LNG Business Development Manager technology Centrica • Ensure that your FLNG project is safety compliant from its inception with direct guidance from the HSE General Manager Sigtto • Build the business case for FLNG investment with a 360 degree assessment of the financial and legal requirements Head of LNG Energy & Power Ltd “Excellent discussions on the high impact issues.” Emerging Technology Lead Michael Harbeson, Conoco Phillips HSE FLNG Consultant Plus in depth interactive pre conference workshop Norwegian Petroleum Society Workshop: 24th Jan 09:00 – 12:00 What’s missing for the sanction of the first Floating Liquefaction Vessel? Senior Research Fellow Energy and Power Ltd The Oxford Institute for Energy Studies Media Partners: Supported by: Sponsored by: Telephone: Fax: Email: Visit: +44 (0)20 7368 9300 +44 (0)20 7368 9301 enquire@iqpc.co.uk www.globalflngsummit.com
  4. 4. Workshop Day Monday 24th January 2011Workshop 09.00 - 12.00 AM What’s missing for the sanction of the first Floating Liquefaction Vessel? The industry has been studying floating liquefaction for the past 40 years and a lot of money has been spent on engineering studies but still no sanctioned project. It has been mentioned that one company alone has spent around $500 million to date on their concept but still no orders. This workshop will summarise the current options on offer and then look at the issues that are likely preventing approval of the first project. Namely; • The need for an economic solution that will generate a profit to stakeholders; • The main technical issues and how they can be mitigated • The main commercial issues and how they can be addressed • The need to comply with the project development ‘gated’ process for smooth energy company buy-in and approval; • The project execution strategy to be adopted, particularly for new technology; • The lessons learned from the recent successful floating storage and regasification projects and how they could be applied to benefit floating liquefaction projects; Your workshop leader: Brian Songhurst, Director LNG, Energy and Power About Oil & Gas IQ “The event brought together Become a member of Oil and Gas IQ and receive complimentary resources that will keep you at the forefront of industry change, access all the known players in the to our growing library of multi-media presentations, an email newsletter updating you on new content that has aggregated news feed from over field and really demonstrated 1000 global news sources industry and special member only discounts on events. Become a member at: www.oilandgasiq.com their expertise.” Steve Hamblett, RINA UK LTD Telephone: Fax: Email: Visit: +44 (0)20 7368 9300 +44 (0)20 7368 9301 enquire@iqpc.co.uk www.globalflngsummit.com
  5. 5. Conference Day One Tuesday 25th January 201108:30 Registration and welcome coffee 12:30 Extracting stranded gas - new approaches • earn what developments have been made in other regions L09:00 Chairman’s opening remarks • ear how cutting edge technology is opening up new opportunities H • stablish what progress still needs to be made to make capitalising E09:15 The outlook for global gas: Setting the context on remaining pockets a reality for FLNG For speaker updates visit www.globalflngsummit.com • Understand the ‘Supply Glut’; its scale, duration and impact on your business • Find out how post recession supply and demand fundamentals will effect 13:15 Lunch and Networking Break your business • Develop a clear understanding of the World’s future LNG needs • Assess the challenges and opportunities for FLNG and you can deal with them Technical Focus Sessions Howard Rogers Senior Research Fellow 14:15 Tandem and side-by-side transfer, evaluate Oxford Institute of Energy Studies the merits of each approach • ow to operate in varying climactic conditions H • aximise the effectiveness of cryogenic flexible hosing M10:00 Speed Networking Ice Breaker Session • erfect deployment and connection methods P Short-list your top business partners and form essential contacts. Captain Mark K. Lane You will have the opportunity to exchange details with every member Senior Vice President - Operations of the delegate audience- so that you have already identified your Excelerate Energy L.P. business prospects as the Summit gets underway 15.00 Adoption of new technologies for floating LNG; The development of a LNG Test and Technology10:45 Centre: • nderstanding the Technology development needs for floating LNG U production, regasification and small scale supply Session details to follow • mploy testing and modelling within LNG to validate safety and reliability E Baker Botts of new technologies and equipment • ear what lessons have been learned from testing and qualification of H11:15 Coffee and networking break LNG transfer hoses Bas van den Beemt11:45 FLNG Beyond the Hype – Discover the latest Business developer Oil and Gas TNO Science and Industry developments in FLNG technology • View the concepts currently on offer for floating liquefaction 15:45 Coffee and networking break • Hear where the first FLNG projects are likely to be located • hat tangible successes have been achieved to date in the development W 16:30 Optimise your FLNG powering solution and of FLNG? service operation • earn from successful FSRU projects and the elements that can be L • Ensure an effective synergy between your core product and system transferred to planned LNG-FPSOs • Devise a dynamic maintenance plan • stablish the crucial steps that need to be taken to accelerate the first E • Explore the latest technology solutions floating liquefaction project Alexandre Eykerman Brian Songhurst Sales Director Ship Power Director LNG Wärtsilä Switzerland Energy and Power 17:15 Chairman’s summary and close of conference day one * Subject to final confirmation “It was good to hear the opinion of the variouselements of the LNG-FSPOvalue chain” Arata Nakamura, Inpex Corporation Telephone: Fax: Email: Visit: +44 (0)20 7368 9300 +44 (0)20 7368 9301 enquire@iqpc.co.uk www.globalflngsummit.com
  6. 6. Conference Day Two Wednesday 26th January 201108:30 Registration and welcome coffee 13:45 Problem Solving Session Conversion of existing09:00 Chairman’s opening remarks LNG Ships • conversion a viable alternative to building an FLNG facility from Is scratch?09:15 Ship based regasification - from the regulator’s • out if your existing infrastructure can successfully accommodate Find perspective necessary topside facilities • ind our how LNG imports contribute to UK energy mix F • What potential challenges could conversion create? • ear about the UK regulator’s experience in shore-side regasification H Chris Spilsbury and in LNG imports from ships Engineering Consultant • Establish how the increasing interest in ship-based regasification is BG Group* proving to be a challenging development • dentify how responsible regulators assess the hazards, risks and I necessary responses to enable the safe introduction and expansion 14.30 Unconventional LNG - Changing the shape of this process into the UK of the business • dentify the key success factors for unconventional LNG projects I Taff Powell • hat insights can we learn from CSG LNG for FLNG? W Emerging Technologies Lead • ow much of a role will FLNG play in future Global LNG Business? H HSE Giles Farrer Analyst - Global LNG10:00 Panel Session - FLNG Risk Mitigation Wood Mackenzie • ind out to perform risk assessments associated with using new F technology before its implementation 15:15 Coffee and networking break • Discover the pitfalls of being part of the first wave of operators of FLNG facilities 15:45 Panel Discussion and Open Floor Interactive • Balance the pros and cons so that you can decide if the risk is justifiable Session: Creating the business case for FLNG Taff Powell In roundtables – use the knowledge and opinions gathered over the last Emerging Technologies Lead two days to inform the creation of a business case for FLNG. Each group HSE will need to identify… William Wayne • he possible risks to be mitigated T General Manager • ajor costs to be covered M SIGGTO • he overall financial justification for investment T Nicholas Jones10:45 Coffee and networking break Concept Development Manager FLEX LNG11:15 Chatham House Rules Frederic Venner A closed session where you can discuss those sensitive and burning Vice President LNG Marine Operations issues. This will be an Audio Visual free session in which everything that E.ON* is said is off the record. Questions collected from the networking sessions Captain Mark Lane on day 1 will be put to the group and answered with complete anonymity. Vice President of Operations A perfect opportunity to voice that controversial theory! Excellerate Energy12:00 Problem Solving Session – Financing 16:30 Wrap-up session: Looking forward – • alculate the realistic costs associated with putting an FLNG ship C what’s next for the industry? into operation • Move forward by taking account of history and ascertaining the timelines • hould banks or other investors be approached to raise capital? S that applied to early LNG projects and FPSO projects • ow much risk can be mitigated by spreading financing options? H • s projects begin to ascertain what the next challenge will be as A companies look past the FEED stage For speaker updates visit www.globalflngsummit.com • e ready to deal with the operation specific risks with practical steps B to address them12.45 Lunch and networking break 17:15 Chairman’s summary and close of main conference * Subject to final confirmation Who should attend • Director of FLNG • Vice President Offshore • Vice-President Gas the Global FLNG • Head of LNG • Naval Architects • Emerging Technologies Lead Summit? • Business Development Manager • Senior Project Manager Telephone: Fax: Email: Visit: +44 (0)20 7368 9300 +44 (0)20 7368 9301 enquire@iqpc.co.uk www.globalflngsummit.com
  7. 7. GLOBAL FLOATING LNG SUMMIT 2011The Developing World of FLNG Company: Shell/Statoil Company: Shell Company: Petronas Company: Shell Field: Nnwa Doro Field: NEMed Location: Offshore Field: Prelude Location: Offshore Nigeria Location: Offshore Egypt Malaysia Location: Browse Basin, Australia Company: Inpex Field: Abadi Size: 10 TCF Location: Offshore Indonesia Company: Teekay, ML Field: Kitimat Company: Talisman Location: Offshore Canada Field: Pandora, Rift Location: PNG Company: BG Field: Block 5c Size: 1.5 TCF Company: Woodside Location: Offshore Trinidad Field: Sunrise Location: Timor Sea Company: Petrobras Field: Tupi and Guara Location: Pre-salt discoveries, offshore Brazil Company: FLEX LNG Field: Chuditch, Bilby, Wombat Location: Timor Sea Company: Ophir Field: Lykos and Fortuna Size: 1.5 TCF - 3TCF Company: Tullow Oil Company: PTTEP Company: GDF Suez Location: Offshore Equatorial Field: Kudu Field: Coogee, Cash, and Santos Guinea Location: Offshore Namibia Maple Location: Timor Sea Field: Petrel, Tern and Frigate Potential FLNG Location: Bonaparte Basin, Australia Projects as of 2009Why is this THE ONLY FLNG Summit you need Maximise Your Involvement: Sponsorship and Exhibition Opportunitiesto attend this year? The Global Floating LNG Summit 2011 will provide you with the unique opportunity to profile the solutions that operators are looking• Operator led case studies and discussion for. By sponsoring you will gain invaluable face-face exposure with the key decision makers over a prolonged period. This event is the• Insight on the only FLNG projects on the market right now perfect opportunity to promote your services in an environment that is both business and information orientated it is the perfect setting for social interaction and networking. A focus on getting you direct•Cutting edge analysis on optimum FLNG vessel design access to the key decision makers across leading organisations will and technology solutions ensure that your investment is well placed. We understand that the needs of all our sponsors and exhibitors will differ. That’s why we don’t limit you to specific packages. For more information contact• Implementation strategies for successful FLNG projects Marija Pocekutova on 0207 368 9778 or email her at sponsorship@iqpc.co.uk and she will be able to tailor make• Meet global decision makers and key solution providers a package suited to your company’s strategies and needs. Telephone: Fax: Email: Visit: +44 (0)20 7368 9300 +44 (0)20 7368 9301 enquire@iqpc.co.uk www.globalflngsummit.com
  8. 8. GLOBAL FLOATING 5 easy ways to register LNG SUMMIT 2011 Web: www.globalflngsummit.com Phone: +44 (0) 20 7368 9300 2-Day Conference: 25th-26th January 2011 Pre Conference Workshop: 24th January 2011 Fax: +44 (0) 20 7368 9301 America Square Conference Centre, London, UK Email: enquire@iqpc.co.uk Registration Form Post: IQPC Ltd. To speed registration, please provide the priority code located on the mailing label or in the box below. 129 Wilton Road, London Victoria SW1V 1JZ My registration code is FLNGSLIDE Please contact our database manager on +44(0) 207 368 9300 or at database@iqpc.co.uk TEAM DISCOUNTS quoting the registration code above to inform us of any changes or to remove your details. IQPC recognises the value of learning in teams. Groups of 3 or more booking at the same time from the same company receive a 10% discount. 5 or more receive a 15% discount. 7 receive a 20% discount. Only one discount available per person. Team discounts are not applicable in conjunction with another discount. FREE ONLINE RESOURCE You will now find a variety of resources such as articles, news, podcasts and presentations available online. Many of these features are exclusive to IQPC so visit www.globalflngsummit.com today and learn something new for free. VENUE INFORMATION Venue: America Square Conference Centre One America Square, 17 Crosswall, London EC3N 2LB Tel: +44 (0) 2077067700 Delegate Rates Email: enquiries@cavendishconferencevenues.com Book and Pay ACCOMMODATION Overnight accommodation is not included in the registration fee, Package Quote Before 17th December 2010** Standard Price for nearby accommodation options and best possible rates visit http://www.HotelMap.com/America-Square-Conference-Centre. FLNGSLIDE This map displays live availability and allows you to book directly with Gold each hotel. 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