MAXIMISING OPPORTUNITIES WITH LPG

Transcription

1 MAXIMISING OPPORTUNITIES WITH LPG ADVANCING TR ADE

2 ADVANCING TRADE The Trafigura Group is one of the world s leading international commodity traders. With group revenue of USD97.2 billion in 2015, the Group has 75 offices in 37 countries on six continents. Trafigura has helped transform the worldwide marketplace for international commodities. For the last two decades, we have been connecting our customers to the global economy, and growing prosperity by advancing trade. TRAFIGURA GROUP ASSETS Trafigura is a 48.4 percent shareholder in Puma Energy, a global oil and petroleum products distribution company. The company manages over 18 million m 3 throughput volumes of oil products via its network of 98 bulk storage terminals, 51 airports and over 2,350 service stations. DT Group is a joint venture between Trafigura and Cochan Ltd. It develops markets in sub-saharan Africa, with a particular focus on Angola. It works closely with international and local partners in the logistics, trading and natural resources sectors. Time charter Voyage charter WET Owned vessels FREIGHT Voyage charter DRY FREIGHT Time charter Owned mines Impala Terminals is a multimodal logistics provider focused on export-driven emerging markets. It owns and operates ports, port terminals, warehouses and transport assets. It has particular expertise in providing efficient logistics solutions in challenging environments. Midstream Downstream PUMA ENERGY OIL AND PETROLEUM PRODUCTS TRADING METALS AND MINERALS TRADING GROUP MINING Technical advisory Ports and The Mining Group manages mining operations, develops projects, conducts technical audits of existing and potential partner projects and provides advisory and support services to Trafigura s trading desks, trading partners and Galena Asset Management Trading Shipping Infrastructure GROUP DT Investments logistics Multimodal IMPALA TERMINALS Transport assets terminals Galena Asset Management provides investors with specialised alternative investment solutions through its range of commodity funds. It operates independently, but benefits from the Group s insights into the global supply and demand of commodities. BUSINESS HIGHLIGHTS $97.2bn Group revenue 198.4mmt *Million metric tonnes **Average number of employees over the year. All figures are correct as of 30 September 2015 unless stipulated otherwise. * 2,744 5,248 Combined volume of commodities traded Shipping and chartering fixtures in 2015 Employees worldwide**

3 MARKET STRENGTHS AND CAPABILITIES Trafigura is a global leader in the Liquefied Petroleum Gas (LPG) industry. We specialise in logistics and invest in physical assets to achieve economies of scale and guarantee reliability of supply. We operate in all segments, from the large cargo arbitrage business and the supply of large-scale customers, to small tailored logistical platforms with bulk breaking capabilities for clients that operate in restricted environments. The LPG market has evolved significantly in the recent years. The United States has become the world s largest exporter of LPG with exported volumes rapidly moving up and down in line with the global demand for LPG. Trafigura has established itself as a natural gas liquid (NGL) producer and one of the leading players in the US export market. In what promises to be a volatile market we will continue to provide efficient, economic and most importantly secure supply to a broad range of clients across all sectors. TRADING Our traders link major production areas in the US Gulf, South America, Caribbean, Middle East, Africa, North Sea and the Mediterranean with demand from Asia, Northwest Europe, Latin America and the Caribbean. We supply LPG to a variety of clients ranging from Petrochemical processors and Fuel blenders to distributors in territories where bottled gas and high volume industrial usage is required. We are particularly active in Africa, the Caribbean, Latin America and Asia. We work closely with a dedicated LPG chartering team who oversee a wide range of Gas tonnage. SHIPPING A strong logistical system supports our trading activities. Trafigura operates a large and rapidly evolving fleet of LPG carriers covering all segments from small pressurised barges to Very Large Gas Carriers (VLGCs). Effective vessel rotations and high trading volumes allow us to respond quickly to changes in the market and more importantly, to meet the specific requirements of our clients. With our strong desire to maintain long-term growth and sustainability in the LPG sector, we have taken an active position to participate in the ownership of LPG vessels. Our strength is in creating logistical systems and synergies thus improving economics and allowing savings which can be passed on to our clients. INFRASTRUCTURE We lease tankage at strategic locations and supply Puma Energy s LPG terminals throughout the world. Trafigura owns 48.4% of Puma Energy, which in turn, owns and operates 98 bulk storage terminals. We work closely and share expertise in design, engineering, construction and operations for all infrastructure projects that we undertake. LPG as a source of energy in power generation is a promising new market and with our specialist partners we are working on various projects to convert and install new capacity for gas to power generation. FINANCE Our solutions can be combined with product supply agreements and can be tailored to include all financing in advance with CAPEX repayment in the product supply agreements, therefore liberating working capital for our clients. Trafigura has access to over USD47 billion of credit lines from a pool of more than 126 banks across the world. 4.5mmt Forecasted traded quantity of LPG in 2016

4 SUCCESS IN CORPUS CHRISTI Trafigura has remained at the forefront of commodity trends, adapting and capitalising on shifts in the US energy market. In only a few years, Trafigura has become a key conduit for domestically produced crude and, in particular, for exports of LPG. 4

5 Trafigura has invested close to USD1 billion to optimise infrastructure and multimodal access capabilities at the Port of Corpus Christi, Texas. In 2012, we acquired the Texas Dock and Rail terminal asset in Corpus Christi, Texas and began construction of an LPG gathering, storage and export facility. The fully refrigerated LPG assets were operational by the end of In 2014 Trafigura sold 80 percent of its share in the Corpus Christi terminal to Buckeye Partners L.P., retaining a 20 percent ownership stake and the long-term commercial rights to use the terminal. 6m Barrel storage capacity The facility links domestic oil and gas supply in South Texas to growing foreign markets and includes a deep-water, high-volume marine terminal located on the Corpus Christi Ship Channel, a condensate splitter, an LPG storage complex and crude gathering facilities. The terminal s LPG export facilities were designed by Trafigura s LPG traders for maximum flexibility and with the needs of international customers in mind. From this facility,, Trafigura exports international grade low-ethane propane as well as purity and commercial butanes, with the capability of blending all of these products to individual customers needs on a customer-by customer basis. $1bn Investment in infrastructures The terminal has the capability to load fully refrigerated, semi refrigerated and pressurised vessels of all sizes ranging from pressurised inland barges all the way up to the largest ocean-going VLGCs. To accomplish all this, the facility has over one million barrels of refrigerated and pressurised LPG storage fully capable of handling all products. The export facility includes two inland barge docks as well as two private deep-water docks with 45 foot draft allowing for maximum transport of materials. The deep-water docks can handle ships up to Aframax size and can berth and load three ocean-going vessels and two inland barges simultaneously. The Port of Corpus Christi is in the final planning stages of a project to raise the Corpus Christi Harbour Bridge by 2017 at which point the terminal will be capable of berthing even larger vessels. 5

6 PUMA ENERGY A STRATEGIC PARTNER Puma Energy is a global oil and petroleum products distribution company backed by strong infrastructural resources in 46 countries across five continents. By working closely with Puma Energy, Trafigura benefits from its global network in emerging economies across the world. FUELLING PROGRESS Puma Energy is Trafigura s leading downstream trading partner for oil and petroleum products. It operates independently but gains synergies for our access to global fuel markets. Trafigura owns 48.4 percent of the company. GLOBAL HUB TERMINALS Strategically located bulk storage terminals provide the backbone for Puma Energy s fuel distribution businesses. Trafigura is currently the supplier of LPG to Puma Energy in several of its facilities in Africa, the Caribbean and Latin America. We work together with Puma Energy to design, finance, build and operate terminals in conjunction with structuring reliable and efficient supply systems in turn providing turnkey solutions to our clients.

7 GLOBAL PRESENCE Supported by offices worldwide, our LPG traders operate from key regional offices in Houston, Geneva and Singapore. We distribute a range of LPG products to customers all over the world through our vast terminal network. Our global presence and advanced logistics allow us to move high-quality LPG products, tailored in blend and delivery method to where they are needed. TRAFIGURA LPG TRADING OFFICES Geneva Houston Singapore KEY TRADING OFFICES Beijing Cairo Dubai Johannesburg Mexico City Montevideo Moscow Panama Rio De janeiro LPG STORAGE Benin Colombia Estonia Nicaragua Puerto Rico Senegal United States RECENT LPG TRADE Albania Algeria Angola Argentina Belgium Benin Bolivia Brazil Burkina Faso Chile China Colombia Costa Rica Côte d Ivoire Croatia DRC Ecuador Egypt El Salvador Estonia France Ghana India Italy Japan Mexico Netherlands Nigeria Norway Panama Papua New Guinea Paraguay Peru Philippines Portugal Puerto Rico Qatar Russia Saudi Arabia Senegal South Korea Spain Sudan Sweden Taiwan Thailand The Kingdom of Morocco Togo UK Ukraine Uruguay USA Venezuela Vietnam

8 Trafigura PTE Ltd 10 Collyer Quay #29-00 Ocean Financial Centre Singapore Tel : +(65) Fax : +(65) TF/0183.2e Trafigura Beheer B.V. and the companies in which it directly or indirectly owns investments are separate and distinct entities. In this publication, the collective expressions Trafigura, Trafigura Group, the Company and the Group may be used for convenience where reference is made in general to those companies. Likewise, the words we, us, our and ourselves are used in some places to refer to the companies of the Trafigura Group in general. These expressions are also used where no useful purpose is served by identifying any particular company or companies.