Eastern Australian Gas Market Market Segments Market Summary Stable demand profile Over supplied market from Bass Straight and Cooper Basin Pricing (A$2.

Slides:



Advertisements
Similar presentations
The NSW gas market: is there a problem? Ai Group AGL Gas Summit The American Club, Sydney Paul Balfe Executive Director 12 July 2013.
Advertisements

Resource corridors: A case study of the Pilbara, Australia Ian Satchwell World Bank Group and AusAID Sponsored Pre-Mining Indaba Event, 4 February 2013.
Canadas Natural Resources – Now and for the Future 1 North American Shale Gas Revolution Presentation to APEC By Dan Cowan – Petroleum Resources Branch,
Coal Seam Gas – A Sustainable Australian Energy Source. Mike Moraza | 15 June 2011 | Hunter Environmental Institute.
Infrastructure and resource regions Ian Satchwell IM4DC/AAPF Infrastructure Forum Wednesday 20 March Supporting sustainable resources development.
The Rise of LNG - Australia Shell Estimate IEA New Policy Estimate Japan Govt Estimate AUSTRALIAN OUTLOOK Current production-20 mtpa Short-term-Pluto 24.
Australia’s Gas markets
NMC Petroleum Strategy Workshop, Stavanger 24th nov Northern Maritime Corridor Petroleum Strategy Workshop, Stavanger 24. november 2005 The Barents.
U.S. Energy Information Administration Independent Statistics & Analysis Annual Energy Outlook 2014 Early Release Reference Case AEO2014 Early.
Indian gas regulatory framework: Industry issues.
Sri Lanka ENERGY HUB Panel Discussion
California Energy Commission North American Market Gas-trade (NAMGas) Model: Key Drivers and Structure 2015 Integrated Energy Policy Report California.
North American Gas – Changing Mix Bob Fryklund VP Industry Relations November 9, 2006.
CALPINE March 2, 2004 HARVARD ELECTRICITY POLICY GROUP Natural Gas and Electricity Ron Walter Executive Vice President.
Gastar Exploration, Ltd. J. Russell Porter - President, CEO Gastar Exploration, Ltd. J. Russell Porter - President, CEO This report contains or incorporates.
U.S. Energy Information Administration Independent Statistics & Analysis Outlook for U.S. shale oil and gas IAEE/AEA Meeting January 4, 2014.
1 Melbourne Mining Club 3 October The benefits of natural gas (CH 4 ) High hydrogen, hence cleaner burning than coal Reduced water demand Able.
Biofuel Highways Cape Town. Presentation Benefits of biofuel highways Drawbacks of biofuel highways Plant profile - Milletta Pinnata Cape Town energy.
Confidential Natural Gas and LPG Development in Africa Presentation By Omamofe Boyo Esq. Deputy Group CEO, Oando Plc 10 th African Oil & Gas Trade and.
Market Validation.
New LNG Supplies Balancing Growing Demand for Cleaner Fuels Doha Conference on Natural Gas 2009 Ahmed Al Khulaifi Chief Operating Officer Commercial and.
International Market. Top 50 Energy Companies by Market Capitalisation, end 2000, % Other Oil 19.3 ExxonMobil 16.6 Royal Dutch/Shell 11.7 TotalFinaElf.
WORLD OIL AND NORTH AMERICAN NATURAL GAS OUTLOOK November 2006.
© OECD/IEA NATURAL GAS MARKET REVIEW 2006 Towards a Global Gas Market TOWARDS A GLOBAL GAS MARKET APEx CONFERENCE, Seoul 31 October 2006 Session.
Solutions for Flaring & Venting CNG Marine Transportation
Natural Gas Makes the Future Work. 2 Outline Natural Gas in Relation to Other Commodities Today’s Market Fundamentals Natural Gas: Jobs, Revenue & Environment.
Jeffrey A. Murphy Managing Director, Commercial Operations Dominion East Ohio June 5, 2009.
Eastern Australia’s gas market: Managing supply & demand Striking a balance between domestic supply and export opportunity Presenter: Stephen Reid, Partner,
Moomba plant, Cooper Basin Northern Regional Development Board Energy Security Forum Gas supply – Opportunities and Challenges 17 August 2012.
© 2008 ICF International. All rights reserved. New York Gas Market Overview Based on NYSERDA Case 1 (n0908) March 2009 Contacts: Kevin R. Petak (
Gas supply and infrastructure – New South Wales APA Group presentation – Energy Forum Armidale 17 th Aug 2012.
1 APEC Energy Trade and Investment Roundtable Cairns, Australia 1 October 2008 Robert Pritchard APEC Gas Forum.
World Energy Outlook Strategic Challenges Hideshi Emoto Senior Energy Analyst International Energy Agency.
F India’s Energy Challenge June 28 & 29, 2006, Hilton Americas, Houston Panel Session 3B LNG/GTL Amos Avidan.
Tsuyoshi Okamoto Representative Director, President TOKYO GAS Co., Ltd. Sept. 10, 2013 The LNG Price Issue: Tokyo Gas Response and Proposals.
David Evans, Acting Chief Operating Officer 7 th Annual AACC Energy Conference - Houston An Introduction to Drillsearch Energy and the Cooper Basin February.
BG Group Managing Risks and Seizing Opportunities for Local Companies in the Oil & Gas Sector pre-UNCTAD XI Perspectives for the Gas Sector in Brazil Luiz.
Norway. Basic facts Location: Northern Europe, bordering the North Sea and the North Atlantic Ocean, west of SwedenLocation Natural resources: petroleum,
SOUTH AUSTRALIAN COOPER BASIN EXPLORATION OPPORTUNITIES Elinor Alexander Petroleum Group PIRSA April 2004 SOUTH AUSTRALIAN COOPER BASIN EXPLORATION.
Figure 1.1 Price of WTI at Chicago ActualForecast.
Part Four, Issue 7 Oil and Natural Gas.
Natural Gas Update: EIA NARUC Winter Meeting Barbara Mariner-Volpe, Energy Information Administration February 23, 2003.
ALASKA STATE LEGISLATURE Joint Committee on Natural Gas Pipelines November 8, 2001 Natural Gas Company.
The Northeast Natural Gas Market in 2030 LNG EXPRESS CONFERENCE Boston, Massachusetts September 21, 2006 William Trapmann Natural Gas Analysis Team Leader.
THE LONG-TERM ENERGY SUPPLY AND DEMAND OUTLOOK IN TAIWAN ENERGY COMMISSION MINISTRY OF ECONOMIC AFFAIRS AUGUST 2001 MOEA -15-
Energy Information Adminisration’s Outlook On Natural Gas Arkansas Public Service Commission “The Future Supply And Price of Natural Gas” June 3, 2003.
Actualforecast Hydro, wind, and other renewables NGLs Coalbed methane Conventional natural gas Mined and in situ bitumen Conventional heavy oil Conventional.
Solution To Wasted Gas: Flaring And Associated Gas In Nigeria
Mr Ross Lambie Gas Manager, Energy & Quantitative Analysis Bureau of Resources and Energy Economics (BREE)
Energy in New Zealand The Current Situation and Future Potential Hon Pete Hodgson Minister of Energy to AMI/RSNZ Auckland Energy Symposium Wednesday 28.
1 Office of the Chief Economist Global economic growth The outlook for the Australian resources sector Mark Cully APPEA Tax and Commercial Conference 29.
CANADIAN NATURAL GAS Security of Supply Graham Flack Associate Assistant Deputy Minister, Energy Policy Natural Resources Canada Forum on Continental Energy.
Natural Gas and Energy Reform Legislation Steve Crout Managing Director, Government Affairs American Gas Association.
Bill Zorr Alliant Energy July 22, 2008 Natural Gas in Wisconsin: Market, Transportation Status and Outlook.
Introduction to Gas. The History of Gas in Australia.
Energy Issues and Regulatory Developments In Europe and Eurasia NARUC Winter Meeting International Committee February 17, 2008 Robert A. Archer Energy.
WORLD BANK GROUP ENERGY WEEK 2006: Clean Energy for Development. OIL PRODUCING COUNTRIES & ENERGY SECURITY : An Algerian Perspective HE Dr Chakib KHELIL,
- DISCOVER THE DIFFERENCE - Florida’s Natural Energy - DISCOVER THE DIFFERENCE -
Supply and demand scenarios for EU27 David Blanchard, European Commission EUROPEAN COMMISSION.
NPC Industrial Demand Group Study Summary Ray Ratheal 8/19/2010.
Oil and Gas Sector Reforms Syed Naveed Qamar Minister for Petroleum & Natural Resources Government of Pakistan Pakistan Development Forum Islamabad: November.
1 Office of the Chief Economist Factors influencing Australia’s gas supply and demand Mark Cully Chief Economist 8 March 2016.
Better Energy, Better World Cooperation in Natural Gas Industry between Russia and Korea Sept Better Energy, Better World.
to the Gladstone LNG Plants
AACC PRESENTATION Houston Energy & Technology Conference
Primary energy and energy intensity Energy consumption growth.
QUEENSLAND’S CSG/LNG INDUSTRY
APEX Conference 2016 Medellin, Colombia
Outline Energy demand and prices Reserves and new sources of energy supply.
The best marketing instrument for Natural Gas is a happy Customer
Presentation transcript:

Eastern Australian Gas Market Market Segments Market Summary Stable demand profile Over supplied market from Bass Straight and Cooper Basin Pricing (A$2 -­‐> A$3/GJ) Residential and commercial Gas powered generation Large industrial 2 Bcf / Day Moomba Brisbane Sydney Melbourne Hobart gas pipelines Mount Isa Adelaide Gladstone Cooper Basin Gippsland Basin Bowen and Surat Basin

Market Changes Discovery of significant CSG reserves (Bowen and Surat Basin) the enabler of a massive LNG investment program New LNG plants to connect on-shore gas resources to global energy markets Imminent Demand Shock

? A$2 - $3 / GJ Est. A$6 - $7/ GJ Est. A$8 - $10 / GJ HistoricTransitionSteady State Steady State Drivers LNG netback price (oil linked pricing) Increasing supply options Competitive cost environment Implications for gas prices

Equivalent to 20yr supply for one 4 million tonne per annum LNG train PEL 96 PEL 94PEL 95 Moomba PELA Tcf prospective resource (PEL 96) Equivalent to 0.5 Bcf/day over 25 years supply profile Project Status Large gas resource Sustained gas flows to surface Low well capex Establish commerciality – Q2/Q Strike Energy – Southern Cooper Basin Gas Project 0.5 Bcf/day