I trend odierni nei mercati oil & gas

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "I trend odierni nei mercati oil & gas"

Transcription

1 Daslav Brkic Vice President Business Development BU Engineering and Construction Saipem San Donato M.se, 15 maggio 2012 P120515

2 Big Challenges, Big Opportunities We will need courage, energy, vision 2

3 ... as well as flexibility in front of unexpected and sudden market changes 3

4 The energy markets continue to face unprecedented uncertainties Global economic growth Broader access to energy and rapid growth demand in developing world Overall investment climate, financing and funds accessibility The end of cheap oil & gas opens new reserves and new possibilities Political and geopolitical uncertainties Local and regional relationships Definition of public policies Golden prospects for natural gas Renewables pushed towards center stage Evolving permitting scenarios Right-sizing of nuclear power growth Transformative markets offer major new opportunities and challenges 4

5 Most future growth in energy demand to come from developing countries Mbpsd Energy demand in developed economies flat, evolving mix towards less oil and coal, more gas and renewables Enhanced relocation of oil & gas markets towards the developing world Source: EIA STEO Courtesy of Douglas-Westwood 5

6 World Primary Energy Demand By Fuel % Average + 42 Source: IEA World Primary Energy Outlook New Policies Scenario A somewhat more optimistic forecast vs

7 Worldwide E&P Spending Forecast 90% of new industry investments in upstream and midstream Major investment areas: Source: Company data and Barclays Capital estimates (June 2011) Australia West Africa East Africa Brazil Russia Canada, Alaska - gas from the North Arctic -gas, LNG - offshore, deepwater, onshore - Mozambique offshore - offshore, deepwater - gas (Yamal, South Stream, Shtokman?) - new round of exploration and discoveries New markets often need new solutions 7

8 Offshore Oil & Gas Production: Key for the past, key for the future Most oil & gas production growth to come from unconventional sources Only temporary slowdown after the "Deepwater Horizon" accident. More stringent regulations, permitting and controls, more sophisticated technologies Offshore, major trends towards deepwater Arctic next 8

9 Deepwater Expenditure 210 B $ Major investments, mostly in South Atlantic: GoM W.Africa Brazil Subsea completions and pipelines to dominate Most investments from top players (68% of Deepwater Investment Forecast) Source : Infield Systems Ltd.,

10 Consolidation and growth of a major new offshore industy Floating production and FLNG Emergence of Floating LNG 10

11 Are we entering a "Golden Age" of Gas? From glut to boom World primary energy demand by fuel, 2009 and 2035 (Mtoe) Source : IEA World Energy Outlook New Policies Scenario All forecasts agree that gas utilization growth might outpace other energy sources 11

12 Gas Utilization Growth: Many Drivers Lower price than oil Clean, efficent fuel lower emissions Newly found reserves worldwide, conventional and unconventional Technological breakthroughs and "Learning Curve" lower exploitation costs Unconventional gas Source : Eni Creation of an efficient and partially integrated worldwide distibution network LNG Pipelines Liberalization of some markets 12

13 Shale Gas Exploitation: Major Changes in the Supply Chain Large number of small wells Small localized fields require quick exploitation A degree of installation mobility after field exhaustion Gas collection challenge 13

14 Proved recoverable natural gas resources (bcm) 14

15 Gas-to-market over ever longer distances Source: IEA (2010) 15

16 by pipeline and LNG Source: IEA (2010) 16

17 One example: Australia Major LNG boom for Japanese, Chinese and other Asia Pacific markets Unconventional gas sources Critical issue is building appropriate infrastructure Remote locations, shortage of resources, rising costs 17

18 Geopolitics: A major factor for new gas supplies Arctic Area Boundaries Relationship Russia and Ucraine Investment limitations Caspian status Israel/M.E. Pakistan and India relationship Political instability Risk: Hormuz straight closure Bolivia and Mercosur countries relationships Reserve ownership or exploitation disputes Transit problems Choke points and pirate risk 18

19 Evolution of international gas trade Trade via pipeline and LNG (bcm) (bcm) 2011 Fonte: analisi su dati Cedigaz GNL 19

20 European (UE 27) gas market prospects (bcm) 65,6% 77,7 % production decrease by over 40 bcm UK: -21 bcm Netherlands: -18 bcm Germany: -6 bcm Shale gas contribution uncertain Imports needed, in competition from Imports Russia Norway North Africa Caspian and Middle East LNG Fonte: WM Import dependancy 20

21 Gas Imports into Europe European Gas Import Infrastructure Gas Pipelines Capacity Russia 200 bcm through Ucraine Bielorussia Offshore 150 bcm from Norway 4 gas pipelines from North Africa to Europe for about 70 bcm Regas Terminals 170 bcm capacity Spain (63,6 bcm/a) France (22,8 bcm/a) UK (52,1 bcm/a) Gasdotti dalla Russia Gasdotti dal Nord Africa Gasdotti dalla Norvegia Terminali di rigassificazione 21

22 Some new projects: policy of supply differentiation New projects under development UE Objectives New strategic suppliers Caspian area Iraq East Mediterranean Support to new infrastructure Interconnection between various markets Imports (Southern Corridor) New dimension of energy foreign policy 22

23 A major policy component: transit areas Le aree di transito per il gas extra UE Area di transito del gas russo Area di transito del gas algerino Area di transito del gas caspico e mediorientale 23

24 Conclusions - Upstream Oil & Gas Production In spite of current economic difficulties in developed countries, the overall investment prospects are optimistic Key drivers are: The developing countries thirst for energy and products Tight current supplies Gas demand growth to outpace oil and coal Continuing moves towards developing more expensive oil and gas sources: Offshore deepwater, Arctic More distant and less accessible onshore (Kazakhstan, Turkmenistan, etc.) Unconventional tight gas, shale gas, coal seam gas, Geopolitics to play a major role in route and project definition Highly transformative markets: new fields, new geographies, new technologies, new concepts, new players High, higher uncertainties remain throughout most markets Big Challenges, Big Opportunities We will need courage, energy, vision 24

Global Energy Dynamics: Outlook for the Future. Dr Fatih Birol Chief Economist, IEA 18 June 2014

Global Energy Dynamics: Outlook for the Future. Dr Fatih Birol Chief Economist, IEA 18 June 2014 Global Energy Dynamics: Outlook for the Future Dr Fatih Birol Chief Economist, IEA 18 June 2014 The world energy scene today Some long held tenets of the energy sector are being rewritten Countries are

More information

Global growth rates Macroeconomic indicators CEDIGAZ Reference Scenario

Global growth rates Macroeconomic indicators CEDIGAZ Reference Scenario Medium and Long Term Natural Gas Outlook CEDIGAZ February 215 Global growth rates Macroeconomic indicators CEDIGAZ Reference Scenario 4 3 %/year 199-213 213-235 6 Main consuming markets - %/year (213-235)

More information

UNECE Energy Week Geneva. in Energy Security

UNECE Energy Week Geneva. in Energy Security UNECE Energy Week Geneva Investing in Energy Security Committee on Sustainable Energy and related Meetings Wednesday 28 November 2007 Special Session: Investing in and Financing the Hydrocarbon Sector

More information

Maintaining the Balance within the Energy Triangle and between its Three Objectives

Maintaining the Balance within the Energy Triangle and between its Three Objectives Emerging Energy Security Challenges and Europe Central European Energy Conference (CEEC): EU Energy Policy and Energy Security of Central Europe VII The North-South Energy Corridor and Emerging Regional

More information

Competition pipeline gas vs LNG in Europe

Competition pipeline gas vs LNG in Europe 17 th INTERNATIONAL CONFERENCE & EXHIBITION ON 17 th INTERNATIONAL CONFERENCE & EXHIBITION LIQUEFIED NATURAL GAS (LNG 17) ON LIQUEFIED NATURAL GAS (LNG 17) Competition pipeline gas vs LNG in Europe

More information

NATURAL GAS DEMAND AND SUPPLY Long Term Outlook to 2030

NATURAL GAS DEMAND AND SUPPLY Long Term Outlook to 2030 1. Background On different occasions, Eurogas is asked to present its views on the future of the European gas industry. The forecasts are mainly needed for conferences and bilateral discussions with European

More information

The Evolution of the Gas Industry: The Impact on Infrastructure Investments. Daniele De Giovanni SVP Supply Portfolio Development eni Gas & Power

The Evolution of the Gas Industry: The Impact on Infrastructure Investments. Daniele De Giovanni SVP Supply Portfolio Development eni Gas & Power The Evolution of the Gas Industry: The Impact on Infrastructure Investments Daniele De Giovanni SVP Supply Portfolio Development eni Gas & Power 1 Index The role of infrastructure investments in the European

More information

Tendenze e mercati oil & gas Le nuove opportunità

Tendenze e mercati oil & gas Le nuove opportunità Tendenze e mercati oil & gas Le nuove opportunità Daslav Brkic Saipem S.p.A. Tendenze e mercati oil & gas - Le nuove opportunità 1 Some heavy pounding, Sir Wellington at Waterloo The energy markets today

More information

THE GROWING GLOBAL MARKET OF LNG

THE GROWING GLOBAL MARKET OF LNG THE GROWING GLOBAL MARKET OF LNG ISSUES & CHALLENGES Dr Naji Abi-Aad April 2013 The Growing Global Market of LNG Outline Characteristics of Liquefied Natural Gas (LNG) & its Trade Increasing Volumes of

More information

I nuovi scenari mondiali

I nuovi scenari mondiali Daslav Brkic Senior Vice President Business and Technology Development daslav.brkic@saipem.com P141211 Our main challenges today Continuing growth in energy demand and related investments Supply-side revolution:

More information

World Energy Outlook Washington, D.C. 3 December 2010

World Energy Outlook Washington, D.C. 3 December 2010 World Energy Outlook 2010 Washington, D.C. 3 December 2010 The context: a time of unprecedented uncertainty The worst of the global economic crisis appears to be over but is the recovery sustainable? Oil

More information

Is fracking cracking the renewable industry? How big a threat is shale gas to renewables?

Is fracking cracking the renewable industry? How big a threat is shale gas to renewables? Is fracking cracking the renewable industry? How big a threat is shale gas to renewables? Infrastructure Investor: Renewable Energy Forum 2012 London, 30 th October 2012 Dragoș Tâlvescu on behalf Karen

More information

Presentation to the press London, 9 November 2010

Presentation to the press London, 9 November 2010 World Energy Outlook 21 Presentation to the press London, 9 November 21 The context: A time of unprecedented uncertainty The worst of the global economic crisis appears to be over but is the recovery sustainable?

More information

South Stream Project

South Stream Project South Stream Project Roberto Gregori Assistant to the Program Manager South Stream Eni Gas & Power Division UNECE Energy Week Investing in Energy Security 16th Session Committee on Sustainable Energy and

More information

World Energy Outlook 2013. Dr. Fatih Birol Chief Economist, International Energy Agency

World Energy Outlook 2013. Dr. Fatih Birol Chief Economist, International Energy Agency World Energy Outlook 2013 Dr. Fatih Birol Chief Economist, International Energy Agency World Energy Outlook 2013 Dr. Fatih Birol IEA Chief Economist Copenhagen, November 26th The world energy scene today

More information

Shale gas: Opportunities and challenges for European energy markets

Shale gas: Opportunities and challenges for European energy markets Shale gas: Opportunities and challenges for European energy markets Jeroen de Joode Arjan Plomp Özge Özdemir Brussels February 25, 2013 www.ecn.nl Outline Introduction What could be the impact of potential

More information

Oil & Gas Conference - Cheuvreux October 14 th, 2011

Oil & Gas Conference - Cheuvreux October 14 th, 2011 LNG terminal Montoir, France Oil & Gas Conference - Cheuvreux October 14 th, 2011 Jean - Marie DAUGER Executive Vice-President, in charge of the Global Gas & LNG Business line DISCLAIMER Forward-Looking

More information

Gas markets and supplies from the former I Soviet Union area. IEA 2013 Energy Training Week Marc-Antoine Eyl-Mazzega Russia Programme Manager

Gas markets and supplies from the former I Soviet Union area. IEA 2013 Energy Training Week Marc-Antoine Eyl-Mazzega Russia Programme Manager Gas markets and supplies from the former I Soviet Union area IEA 2013 Energy Training Week Marc-Antoine Eyl-Mazzega Russia Programme Manager Outline 1. Russia: energy sector transformation Gas market snapshot

More information

World Energy Outlook Maria van der Hoeven Executive Director International Energy Agency Tokyo, 28 November

World Energy Outlook Maria van der Hoeven Executive Director International Energy Agency Tokyo, 28 November World Energy Outlook 2013 Maria van der Hoeven Executive Director International Energy Agency Tokyo, 28 November The world energy scene today Some long held tenets of the energy sector are being rewritten

More information

Canada s Energy Sector in a Changing Global Market. Kristi Varangu Director, International Energy Division March 10, 2014

Canada s Energy Sector in a Changing Global Market. Kristi Varangu Director, International Energy Division March 10, 2014 Canada s Energy Sector in a Changing Global Market Kristi Varangu Director, International Energy Division March 10, 2014 2 Purpose Illustrate the profound changes that are taking place in global and North

More information

Oil & Gas Capital Expenditure Outlook 2013. GDGE0020TR / Published January 2013

Oil & Gas Capital Expenditure Outlook 2013. GDGE0020TR / Published January 2013 Oil & Gas Capital Expenditure Outlook 2013 GDGE0020TR / Published January 2013 Global Oil and Gas Capital Expenditure is Expected to Increase to US$XX Billion in 2013 The global oil and gas capital expenditure

More information

The economic and energy scenarios for Latin America & the Caribbean from the perspective of the KPMG

The economic and energy scenarios for Latin America & the Caribbean from the perspective of the KPMG The economic and energy scenarios for Latin America & the Caribbean from the perspective of the KPMG Martiniano Lopes KPMG Partner Latin America Energy and Natural Resource Leader ARPEL Conference - Uruguay

More information

2014 BP Madrid forum on energy & sustainability BP 2014

2014 BP Madrid forum on energy & sustainability BP 2014 14 BP Madrid forum on energy & sustainability BP 14 Contents Global energy trends Liquid fuels Refining implications European focus Energy Outlook 35 BP 14 Primary energy consumption growth slows and the

More information

Energy & Environment Market Trends, Smart Technologies, New Fuels, Future Business Models and Growth Opportunities

Energy & Environment Market Trends, Smart Technologies, New Fuels, Future Business Models and Growth Opportunities & Environment Market Trends, Technologies, New Fuels, Future Business Models and Growth Opportunities September 2014 OUR COVERAGE & VISION: IDENTIFYING OPPORTUNITIES FROM UPSTREAM TO POINT OF USE Oil &

More information

Russia s gas sector and gas export developments. Marc-Antoine Eyl-Mazzega June 2015

Russia s gas sector and gas export developments. Marc-Antoine Eyl-Mazzega June 2015 Russia s gas sector and gas export developments Marc-Antoine Eyl-Mazzega June 215 IEA: 29 Members, worldwide engagement IEA member countries Accession country Key Partner countries Countries co-operating

More information

An Outlook for Natural Gas. Laszlo Varro Head of Gas, Coal and Power

An Outlook for Natural Gas. Laszlo Varro Head of Gas, Coal and Power An Outlook for Natural Gas Laszlo Varro Head of Gas, Coal and Power The march of gas is not new The ratio of global gas and oil production 0.7 0.6 0.5 Non conventional gas Qatar 0.4 0.3 0.2 Liberalization

More information

Global Oil & Gas Suite

Global Oil & Gas Suite IHS ENERGY Global Oil & Gas Suite Comprehensive analysis and insight on upstream opportunities, risk, infrastructure dynamics, and downstream markets Global Oil & Gas Suite Make optimal decisions about

More information

LNG Poised to Significantly Increase its Share of Global Gas Market David Wood February 2004 Petroleum Review p.38-39

LNG Poised to Significantly Increase its Share of Global Gas Market David Wood February 2004 Petroleum Review p.38-39 LNG Poised to Significantly Increase its Share of Global Gas Market David Wood February 2004 Petroleum Review p.38-39 For the past few years LNG has experienced high levels of activity and investment in

More information

MODEC, Inc. Mid-term Business Plan 2017. May 2015

MODEC, Inc. Mid-term Business Plan 2017. May 2015 MODEC, Inc. Mid-term Business Plan 2017 May 2015 Table of Contents 1. Review of previous Mid-term Business Plan (2012-2014) 2. Environment analysis for the next three years 3. Countermeasures and strategies

More information

Medium Term Outlook for coal. Laszlo Varro Head of Gas, Coal and Power Markets

Medium Term Outlook for coal. Laszlo Varro Head of Gas, Coal and Power Markets Medium Term Outlook for coal Laszlo Varro Head of Gas, Coal and Power Markets Two key numbers 500 000 tonnes is the increase in annual global coal consumption every day for the next five years 100% of

More information

The current business context and future role of LNG in Europe. Ulco Vermeulen Executive Director Participations and Business Development

The current business context and future role of LNG in Europe. Ulco Vermeulen Executive Director Participations and Business Development The current business context and future role of LNG in Europe Ulco Vermeulen Executive Director Participations and Business Development EBC, Amsterdam, 31 May 2013 Agenda 1 Current situation LNG market

More information

China s International Oil and Gas Strategies Philip Andrews-Speed

China s International Oil and Gas Strategies Philip Andrews-Speed China s International Oil and Gas Strategies Philip Andrews-Speed Philip Andrews-Speed and Roland Dannreuther, China, Oil and Global Politics, London: Routledge, May 2011 1 Quad BTU Energy production and

More information

Energía nuclar para el siglo XXI 18 y 19 de junio de 2007 UIMP, Santander

Energía nuclar para el siglo XXI 18 y 19 de junio de 2007 UIMP, Santander Energía nuclar para el siglo XXI 18 y 19 de junio de 2007 UIMP, Santander European Electricity Markets: Current Trends and Outlook ENERGY MARKET EXPERIENCE François Nguyen Senior Policy Advisor International

More information

Gas Storage in Europe, recent developments and outlook to 2035 Geoffroy Hureau Secretary General CEDIGAZ

Gas Storage in Europe, recent developments and outlook to 2035 Geoffroy Hureau Secretary General CEDIGAZ Gas Storage in Europe, recent developments and outlook to 2035 Geoffroy Hureau Secretary General CEDIGAZ Outline European storage market in 2014 Review of 2014 trends Current challenges Role of storage

More information

European Strategies on Gas Supply Security

European Strategies on Gas Supply Security European Strategies on Gas Supply Security Koji Fujishima * Summary European countries employ different strategies on gas supply security depending on the time scale: while their short-term strategies

More information

GDF SUEZ. Introduction. Jean-François Cirelli

GDF SUEZ. Introduction. Jean-François Cirelli GDF SUEZ Introduction Jean-François Cirelli Content 1. Focus on gas market dynamics 2. Focus on electricity market dynamics 3. Focus on P&L resilience and sensitivities 4. Focus on synergies and performance

More information

Natural Gas and LNG Business Today and Tomorrow

Natural Gas and LNG Business Today and Tomorrow Natural Gas and LNG Business Today and Tomorrow September 7, 2011 Mitsubishi Corporation Energy Business Group Junichi Iseda Senior Vice President, Division COO Natural Gas Business Division B Part 1:

More information

Der europäische Energiemarkt im Einfluss globaler Entwicklungen Auswirkungen unkoordinierter, regionaler Energiestrategien

Der europäische Energiemarkt im Einfluss globaler Entwicklungen Auswirkungen unkoordinierter, regionaler Energiestrategien Der europäische Energiemarkt im Einfluss globaler Entwicklungen Auswirkungen unkoordinierter, regionaler Energiestrategien DI Dr.techn. Christian Panzer Wien Energie Unternehmensentwicklung Web: http://wienenergie.at

More information

Energy Megatrends 2020

Energy Megatrends 2020 Energy Megatrends 2020 Esa Vakkilainen 1 NOTE The data included in the following is mainly based on International Energy Agency's (IEA) World Energy Outlook 2007 IEA is considered the most reliable source

More information

World Energy Outlook 2007: China and India Insights. www.worldenergyoutlook.org International Energy Agency

World Energy Outlook 2007: China and India Insights. www.worldenergyoutlook.org International Energy Agency World Energy Outlook 27: China and India Insights www.worldenergyoutlook.org International Energy Agency Why Focus on China & India? Increase in World Primary Energy Demand, Imports & Energy-Related CO

More information

Kjell Aleklett. Bergen 2012-02-13 Energiforum

Kjell Aleklett. Bergen 2012-02-13 Energiforum Bergen 2012-02-13 Energiforum Department of Earth Sciences Global Energy Systems Uppsala University, Sweden Kjell.aleklett@fysast.uu.se www.fysast.uu.se/ges Blog: aleklett.wordpress.com BBC November 9,

More information

World Energy Outlook 2012. Presentation to the press London, 12 November 2012

World Energy Outlook 2012. Presentation to the press London, 12 November 2012 World Energy Outlook 2012 Presentation to the press London, 12 November 2012 The context Foundations of global energy system shifting Resurgence in oil & gas production in some countries Retreat from nuclear

More information

Factors influencing Australia s gas supply and demand

Factors influencing Australia s gas supply and demand Factors influencing Australia s gas supply and demand Mark Cully, Nicole Thomas and David Whitelaw * March 2016 * This is the text of a keynote speech given by Mark Cully to the 2016 Australian Domestic

More information

GEOPOLITICS OF ENERGY AND ENERGY SECURITY A EUROPEAN PERSPECTIVE

GEOPOLITICS OF ENERGY AND ENERGY SECURITY A EUROPEAN PERSPECTIVE GEOPOLITICS OF ENERGY AND ENERGY SECURITY A EUROPEAN PERSPECTIVE Jean-Paul Decaestecker Council of the European Union Energy Foresight Symposium 2007 BERGEN, 22-23 March 2007 EFS 2007 The views expressed

More information

eni eni eni eni eni eni s activities exploration & production engineering and construction eni saipem eni saipem gas & power chemicals eni versalis

eni eni eni eni eni eni s activities exploration & production engineering and construction eni saipem eni saipem gas & power chemicals eni versalis our promise With 10 years of experience delivering gas to the UK market, the presence of eni continues to offer a fresh and innovative perspective to downstream sales. Drawing on the experience and resources

More information

Bill Pyke Hilbre Consulting Limited October 2012

Bill Pyke Hilbre Consulting Limited October 2012 Alternative Energy Sources Bill Pyke Hilbre Consulting Limited October 2012 Delivered on Behalf of: Limitations of Fossil Fuels 1 Outline Definitions Relative Energy Values Global Statistics Remaining

More information

Annual Energy Outlook 2015

Annual Energy Outlook 2015 For Columbia University New York, NY By Adam Sieminski U.S. Energy Information Administration U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov Key results from (AEO215)

More information

Unconventional Oil Potential Tends to Change the World Oil Market

Unconventional Oil Potential Tends to Change the World Oil Market Energy Science and Technology Vol. 4, No. 1, 2012, pp. 68-74 DOI:10.3968/j.est.1923847920120401.178 ISSN 1923-8460[PRINT] ISSN 1923-8479[ONLINE] www.cscanada.net www.cscanada.org Unconventional Oil Potential

More information

Laszlo Varro Head of Gas Coal and Power Markets International Energy Agency

Laszlo Varro Head of Gas Coal and Power Markets International Energy Agency Laszlo Varro Head of Gas Coal and Power Markets International Energy Agency Bcm Global gas demand increases amid growing uncertainties 160 140 120 100 80 60 40 20 0 Incremental gas demand by region, 2014-2020

More information

Hitting your numbers in Oil and Gas. The future of world energy: adapting to meet the challenges.

Hitting your numbers in Oil and Gas. The future of world energy: adapting to meet the challenges. Hitting your numbers in Oil and Gas The future of world energy: adapting to meet the challenges. Hitting your numbers in Oil and Gas The future of world energy: adapting to meet the challenges. According

More information

Gas Consulting. Expertise across the full value chain. rpsgroup.com/energy

Gas Consulting. Expertise across the full value chain. rpsgroup.com/energy Gas Consulting Expertise across the full value chain rpsgroup.com/energy RPS Gas Consulting What We Offer Our Clients RPS Gas Consulting has expertise in all commercial aspects of the gas value chain -

More information

Estimating Future Energy Prices: Geopolitics, Economics & Vulnerability

Estimating Future Energy Prices: Geopolitics, Economics & Vulnerability Estimating Future Energy Prices: Geopolitics, Economics & Vulnerability By David Bangert, Polaris Consulting & Neil Davies and John Walls, Defence Economics Tel: 023 9225 9930 info@polarisconsulting.co.uk

More information

How LNG Promises to Change Natural Gas Markets and how the markets are already changing LNG!

How LNG Promises to Change Natural Gas Markets and how the markets are already changing LNG! How LNG Promises to Change Natural Gas Markets and how the markets are already changing LNG! LNG Opportunities Seminar, DnB markets and the Canadian Embassy Oslo 4 th December 2014 Karen Sund Full-picture

More information

WORLD ENERGY OUTLOOK 2013 FACTSHEET How will global energy markets evolve to 2035?

WORLD ENERGY OUTLOOK 2013 FACTSHEET How will global energy markets evolve to 2035? How will global energy markets evolve to 2035? Global energy demand will grow to 2035, but government policies can influence the pace. In the New Policies Scenario, our central scenario, global energy

More information

Global Offshore Oil and Gas Outlook John Ferentinos Infield Systems. Gas/Electric Partnership 2013

Global Offshore Oil and Gas Outlook John Ferentinos Infield Systems. Gas/Electric Partnership 2013 Global Offshore Oil and Gas Outlook John Ferentinos Infield Systems Gas/Electric Partnership 213 Disclaimer The information contained in this document is believed to be accurate, but no representation

More information

statistics Key Natural Gas Trends Excerpt from : Natural Gas information

statistics Key Natural Gas Trends Excerpt from : Natural Gas information statistics Key Natural Gas Trends Excerpt from : Natural Gas information Please note that this PDF is subject to specific restrictions that limit its use and distribution. The terms and conditions are

More information

World Energy Outlook 2009. Presentation to the Press London, 10 November 2009

World Energy Outlook 2009. Presentation to the Press London, 10 November 2009 World Energy Outlook 29 Presentation to the Press London, 1 November 29 The context The worst economic slump since the 2 nd World War & signs of recovery but how fast? An oil price collapse & then a rebound

More information

Market Outlook on the Deepwater Subsea Sector. Marine Richard, Associate Analyst 6th February 2014

Market Outlook on the Deepwater Subsea Sector. Marine Richard, Associate Analyst 6th February 2014 Market Outlook on the Deepwater Subsea Sector Marine Richard, Associate Analyst 6th February 2014 Table of Contents I. Introduction to Infield Systems II. Global Macroeconomic Overview III. Offshore Capex

More information

Changing Landscape of LNG Business in the APEC Region

Changing Landscape of LNG Business in the APEC Region Changing Landscape of LNG Business in the APEC Region APEC Workshop on APEC Energy Future Ulsan, Korea 22 August 2005 Yonghun Jung, Ph.D Vice President Asia Pacific Energy Research Centre, Tokyo Table

More information

World Energy Outlook London, 12 November

World Energy Outlook London, 12 November World Energy Outlook 2013 London, 12 November The world energy scene today Some long-held tenets of the energy sector are being rewritten Countries are switching roles: importers are becoming exporters

More information

Oil and Gas Capital Expenditure Outlook, 2012

Oil and Gas Capital Expenditure Outlook, 2012 Brochure More information from http://www.researchandmarkets.com/reports/2017870/ Oil and Gas Capital Expenditure Outlook, 2012 Description: Oil and Gas Capital Expenditure Outlook, 2012 Summary Oil and

More information

World Energy Outlook. Dr. Fatih Birol IEA Chief Economist Paris, 27 February 2014

World Energy Outlook. Dr. Fatih Birol IEA Chief Economist Paris, 27 February 2014 World Energy Outlook Dr. Fatih Birol IEA Chief Economist Paris, 27 February 2014 The world energy scene today Some long-held tenets of the energy sector are being rewritten Countries are switching roles:

More information

THE EU GAS SUPPLY ENVIRONMENT. An Obstacle to Competition? Dick de Jong, CIEP February 2007

THE EU GAS SUPPLY ENVIRONMENT. An Obstacle to Competition? Dick de Jong, CIEP February 2007 THE EU GAS SUPPLY ENVIRONMENT An Obstacle to Competition? Dick de Jong, CIEP February 2007 Today s Market:Some Observations High gas prices should attract new supplies. Sellers market does not help competition

More information

China s growing energy demand: some international implications

China s growing energy demand: some international implications China s growing energy demand: some international implications Dr David Robinson Senior Research Fellow OIES 17 October 2013 NOG Stockholm 1 Outline Introduction China s energy demand v. policy objectives

More information

Global Gas Price Outlook and Parity. Dianne Nicotra Energy Spot Trader September 2013

Global Gas Price Outlook and Parity. Dianne Nicotra Energy Spot Trader September 2013 Global Gas Price Outlook and Parity Dianne Nicotra Energy Spot Trader September 2013 State of the Natural Gas World Fastest growing fossil fuel Rapid growth in developing countries Traded via pipeline

More information

World Energy Outlook: Key Strategic Challenges

World Energy Outlook: Key Strategic Challenges World Energy Outlook: Key Strategic Challenges Dr. Fatih Birol Chief Economist Head, Economic Analysis Division Energy Trends & Strategic Challenges Reference Scenario World Primary Energy Demand 18 000

More information

Preparing for Changes in Market Design

Preparing for Changes in Market Design Preparing for Changes in Market Design EMART Conference Didier Lebout, Strategy and Development Director Gazprom Marketing and Trading France Amsterdam, 21 November 2012 In this presentation GM&T Ltd:

More information

T a b l e. o f. C o n

T a b l e. o f. C o n World Energy Outlo ok 2010 T a b l e PART A GLOBAL ENERGY TRENDS o f C o n te PART B OUTLOOK FOR RENEWABLE ENERGY PART C ACHIEVING THE 450 SCENARIO AFTER COPENHAGEN n t s PART D OUTLOOK FOR CASPIAN ENERGY

More information

Industrial Titanium Demand Forecast 2013

Industrial Titanium Demand Forecast 2013 A World Leader In Titanium Industrial Titanium Demand Forecast 2013 Kevin J. Cain Overview and 5-Year Forecast an VSMPO-AVISMA Corporation Joint Venture Key Findings The world s population will rise more

More information

Natural Gas as Solid Foundation for Russia-Italy Economic Cooperation

Natural Gas as Solid Foundation for Russia-Italy Economic Cooperation Natural Gas as Solid Foundation for Russia-Italy Economic Cooperation Sergei Komlev Head of Contract Structuring and Price Formation Gazprom Export Italy-Russia Industry Seminar, Milano, February 26, 2014

More information

Corporate presentation

Corporate presentation Corporate presentation Table of Contents 1. Liquefied Natural Gas What is Liquefied Natural Gas (LNG)? Natural gas within the global energy context. The value chain of natural gas. Demand and transport

More information

European energy policies and their implications for the global gas trade

European energy policies and their implications for the global gas trade European energy policies and their implications for the global gas trade Are we heading for a golden age for gas? Conference, International Petroleum Week, London Dick Benschop President Director Shell

More information

Anne Sophie CORBEAU International Energy Agency GEP AFTP 12Janvier 2012

Anne Sophie CORBEAU International Energy Agency GEP AFTP 12Janvier 2012 World Energy Outlook Russie et Energie Anne Sophie CORBEAU International Energy Agency GEP AFTP 12Janvier 2012 Emerging economies continue todrive global energy demand Mtoe 4 500 4 000 3 500 3 000 2 500

More information

China s Gas Expansion and the role of Sino-Russian Gas Cooperation

China s Gas Expansion and the role of Sino-Russian Gas Cooperation China s Gas Expansion and the role of Sino-Russian Gas Cooperation JOGMEC seminar Prof. KEUN-WOOK PAIK Senior Research Fellow FEBRUARY 1, 2016 Table 1. Comparison of China and Russia, as of 2015. China

More information

TECHNIP AT A GLANCE 2014

TECHNIP AT A GLANCE 2014 TECHNIP AT A GLANCE 2014 Unique range of activities A world leader in project management, engineering and construction for the energy industry S U B S E A OFFSHORE Subsea infrastructures, from deep to

More information

Global Vision for Gas The Pathway towards a Sustainable Energy Future

Global Vision for Gas The Pathway towards a Sustainable Energy Future Global Vision for Gas The Pathway towards a Sustainable Energy Future Roberto D. Brandt International Gas Union (IGU) Lima July 3, 2012 Table of Contents 1. What is IGU? 2. IGU s Global Vision for Gas

More information

Electricity market drivers

Electricity market drivers Daniel Assandri Head of Power Systems ABB (China) Ltd Electricity market drivers March 2008 Global T&D Market Drivers ABB Power Systems division - slide # 2 ABB s view on and market drivers The Americas

More information

WORDLWIDE PANORAMA. Gaz de Schiste -Société Royale d'economie Politique de Belgique - 22/05/13 16

WORDLWIDE PANORAMA. Gaz de Schiste -Société Royale d'economie Politique de Belgique - 22/05/13 16 WORDLWIDE PANORAMA Gaz de Schiste -Société Royale d'economie Politique de Belgique - 22/05/13 16 REMAINING RECOVERABLE RESOURCES OF NATURAL GAS Source : EIA special report 2011 8,100 tcf 1,300 tcf 4,800

More information

Energy Perspectives 2015 Long-term macro and market outlook. Press seminar, Oslo, 4 June 2015 Eirik Wærness, Chief economist

Energy Perspectives 2015 Long-term macro and market outlook. Press seminar, Oslo, 4 June 2015 Eirik Wærness, Chief economist Energy Perspectives 215 Long-term macro and market outlook Press seminar, Oslo, June 215 Eirik Wærness, Chief economist 2 Energy Perspectives 215 Macro and market outlook to 2 www.statoil.com/energyperspectives

More information

Strategy. Øivind Tangen. Group Strategy Director September 19, 2014. SBM Offshore 2014. All rights reserved. www.sbmoffshore.com

Strategy. Øivind Tangen. Group Strategy Director September 19, 2014. SBM Offshore 2014. All rights reserved. www.sbmoffshore.com Strategy Øivind Tangen Group Strategy Director September 19, 2014 SBM Offshore 2014. All rights reserved. www.sbmoffshore.com Disclaimer Some of the statements contained in this presentation that are not

More information

Russia: energy market developments. Marc-Antoine Eyl-Mazzega Russia Programme Manager Paris, 16 December 2014

Russia: energy market developments. Marc-Antoine Eyl-Mazzega Russia Programme Manager Paris, 16 December 2014 Russia: energy market developments Marc-Antoine Eyl-Mazzega Russia Programme Manager Paris, 16 December 2014 IEA: 29 Members, worldwide engagement IEA member countries Accession countries Key Partner countries

More information

GLOBAL AND RUSSIA ENERGY OUTLOOK UP TO 2040

GLOBAL AND RUSSIA ENERGY OUTLOOK UP TO 2040 The Energy Research Institute of the Russian Academy of Sciences The Analytical Centre of the Government of the Russian Federation GLOBAL AND RUSSIA ENERGY OUTLOOK UP TO 2040 Primary Energy Consumption

More information

The innovation and collaboration imperatives of the upstream oil and gas industry in Australia

The innovation and collaboration imperatives of the upstream oil and gas industry in Australia The innovation and collaboration imperatives of the upstream oil and gas industry in Australia Dr Peter Moore Managing Director, Norris Strategic Investments Pty Ltd Chair, Curtin Graduate School of Business

More information

Developing oil and natural gas supply models to meet user needs

Developing oil and natural gas supply models to meet user needs Developing oil and natural gas supply models to meet user needs Andrew Slaughter EIA Hydrocarbon Supply Modelling Workshop April 2014 1 Models and forecasts some basic reflections Models should not be

More information

Issue. September 2012

Issue. September 2012 September 2012 Issue In a future world of 8.5 billion people in 2035, the Energy Information Administration s (EIA) projected 50% increase in energy consumption will require true all of the above energy

More information

Global Oil and Gas Capital Expenditure Outlook 2010: National Oil Companies (NOCs) to Drive Investment

Global Oil and Gas Capital Expenditure Outlook 2010: National Oil Companies (NOCs) to Drive Investment Global Oil and Gas Capital Expenditure Outlook 21: GlobalData s new report Global Oil and Gas Capital Expenditure Outlook 21: National Oil Companies (NOCs) to Drive Investment provides in-depth analysis

More information

LNG Balancing domestic and export needs

LNG Balancing domestic and export needs LNG Balancing domestic and export needs World Gas Conference Paris, France Maarten Wetselaar Executive Vice President, Shell Integrated Gas, Royal Dutch Shell plc June 3 2015 Appointed the Executive Vice

More information

Electricity & Gas Energy & Energy Services

Electricity & Gas Energy & Energy Services Electricity & Gas Energy & Energy Services International Development Executive Training Programme for Young Energy Leaders Energy Charter Secretariat Brussels 29 October 2013 César Ortiz Sotelo Deputy

More information

Iran s Natural Gas Potential Iran s place as a natural gas supplier to Europe

Iran s Natural Gas Potential Iran s place as a natural gas supplier to Europe , Research Associate European Centre for Energy and Resource Security(EUCERS) Department of War Studies, King s College London Iran s Natural Gas Potential Iran s place as a natural gas supplier to Europe

More information

Energy Prices. Presented by: John Heffernan

Energy Prices. Presented by: John Heffernan Global Wholesale Energy Prices Presented by: John Heffernan Energy in 2012 In 2012, the growth in Energy consumption slowed in 2012 90% of this growth came from China & India Consumption & production of

More information

Sources of Global CO 2 Emissions ( , Direct Emissions by Sector Only) Intergovernmental Panel on Climate Change (IPCC)

Sources of Global CO 2 Emissions ( , Direct Emissions by Sector Only) Intergovernmental Panel on Climate Change (IPCC) "World energy consumption" by Construct - BP Statistical Review of World Energy 2015 Sources of Global CO 2 Emissions (1970-2004, Direct Emissions by Sector Only) Intergovernmental Panel on Climate Change

More information

Energy Security, Geopolitics and Commerciality Energy Corridor S.E. Europe

Energy Security, Geopolitics and Commerciality Energy Corridor S.E. Europe Energy Security, Geopolitics and Commerciality Energy Corridor S.E. Europe Dr. Yurdakul H. Yigitguden Consultant, former Under-Secretary of Energy and Natural Resources- Turkey 3. South East Europe Energy

More information

The SPE Foundation through member donations and a contribution from Offshore Europe

The SPE Foundation through member donations and a contribution from Offshore Europe Primary funding is provided by The SPE Foundation through member donations and a contribution from Offshore Europe The Society is grateful to those companies that allow their professionals to serve as

More information

Establishing of the expansive gas supply chain that combines upstream, midstream and downstream operations

Establishing of the expansive gas supply chain that combines upstream, midstream and downstream operations We deliver a reliable supply of natural gas, a source of clean energy, with a strong supply chain that covers all steps from upstream to midstream and downstream operations. We develop gas fields in Japan

More information

Adding fuel to the fire North America s hydrocarbon boom is changing everything. Steven Meersman. Roland Rechtsteiner

Adding fuel to the fire North America s hydrocarbon boom is changing everything. Steven Meersman. Roland Rechtsteiner Adding fuel to the fire North America s hydrocarbon boom is changing everything Steven Meersman Mark Pellerin Roland Rechtsteiner What if the gasoline that you put in your car came from natural gas instead

More information

Unconventional oil and gas: outlook, risks, and potential

Unconventional oil and gas: outlook, risks, and potential 20140519_SBC_International Energy Forum - Paper_v05 Unconventional oil and gas: outlook, risks, and potential May 2014 Moscow Table of Contents KEY INSIGHTS... 2 1. UNCONVENTIONAL RESOURCES ARE SIZEABLE

More information

Natural Gas and LNG Fundamentals

Natural Gas and LNG Fundamentals Natural Gas and LNG Fundamentals ExxonMobil Gas & Power Marketing Taking on the world s toughest energy challenges. This presentation includes forward-looking statements. Actual future conditions (including

More information

Which way for Europe s gas storage market?

Which way for Europe s gas storage market? Which way for Europe s gas storage market? Geoffroy Hureau General Secretary CEDIGAZ Slide show Prepared by Sylvie Cornot Gandolphe Outline European storage market 2013 Recent evolution of storage capacity

More information

2015 SRI FIELD TRIP TO CANADA. ROYAL DUTCH SHELL September 15, 2015

2015 SRI FIELD TRIP TO CANADA. ROYAL DUTCH SHELL September 15, 2015 2015 SRI FIELD TRIP TO CANADA ROYAL DUTCH SHELL September 15, 2015 1 DEFINITIONS AND CAUTIONARY NOTE The New Lens Scenarios referred to in this presentation are part of an ongoing process used in Shell

More information

Australia s Natural Gas Opportunity: Fuelling A Manufacturing Renaissance

Australia s Natural Gas Opportunity: Fuelling A Manufacturing Renaissance Australia s Natural Gas Opportunity: Fuelling A Manufacturing Renaissance Fact Sheet 1: September 2012 Supply Constraints Ahead for Gas Natural gas is essential for Australian industry. It is used as an

More information