Energy Market Access: New Market Realities of the Natural Gas Landscape The International Economic Forum of the Americas
Copyright MITSUI & CO., LTD. All rights reserved. Current Energy Mix in Japan Renewable etc. Oil LNG Coal Nuclear Source : METI
Copyright MITSUI & CO., LTD. All rights reserved. Different Pricing for Each Market Source : METI
Copyright MITSUI & CO., LTD. All rights reserved. Fuel Import Cost Heavily Impacts Japanese Economy Trade deficit (2013) 11.5 Trillion yen ( trillion yen ) Changes in trade balance and current account balance ( trillion yen ) Source : METI
Copyright MITSUI & CO., LTD. All rights reserved. LNG Supply/Demand Outlook (Japan) Existing Project (Extension or not) New Project (Contracted) Existing Project (Contracted) Demand Supply Source : Mitsui’s Estimate
Copyright MITSUI & CO., LTD. All rights reserved. LNG Supply/Demand Outlook ( Worldwide ) Operational Under Construction Possible Firm Potential WM demand estimate( Reference ) ( mtpa ) Source : Wood Mackenzie
Copyright MITSUI & CO., LTD. All rights reserved. Major global gas trade flows in future Source: IEA, World Energy Outlook 2012 Canada
Copyright MITSUI & CO., LTD. All rights reserved. Canadian LNG – Expectations and Advantage 6,200km 14,800km Price Competitiveness Flexibility of pricing formula Diversification of LNG supply source Significant gas reserves Strong governmental support Proximity to Japan Free from Panama Canal passage Canada
Copyright MITSUI & CO., LTD. All rights reserved. Mitsui’s Oil and Gas Business - Gas Value Chain - Exploration & Production Liquefaction Transportation LNG Receiving Terminal Distribution Power Generation & Gas Chemical ■ Sakhalin-II/Russia ■ ADGAS/Abu-Dabi ■ Qatargas1&3/Qatar ■ Oman & Qalhat LNG /Oman ■ NWS/Australia ■ Equatorial Guinea ■ Tangguh/Indonesia ■ Equity Investment Project (or tanker owned by Mitsui) ● EPC/finance Blocks in ■ Australia ■ New Zealand ■ Thailand ■ Cambodia ■ Vietnam ■ Indonesia ■ Oman ■ UAE ■ Qatar ■ Russia ■ Libya ■ Mozambique ■ Poland ■ USA (Shale) ■ Canada ■ UK ■ Italy, etc ■ Qatargas/1 vessel ■ Rasgas Ⅱ・Ⅲ /9 vessels ■ Snohvit/2 vessels ■ CPC/4 vessels ■ Angola LNG /4 vessels ■ Kyushu Electric Power /1 vessel ■ Spot LNG fleet /4 vessels (total 25 vessels) ■ MT Falcon,Valladolid/ Mexico ■ Saltend/UK ■ Eco Electrica/Puerto Rico ■ Ontario/Canada ■ Malhas PL/Brazil ● Blue Stream/Russia ● Cabiunas/Brazil ■ Mitsui Gas (LDC)/ Brazil ■ Manzanillo/Mexico ■ Montoir/France (Capacity Usage) ■ International Methanol Company/Saudi Arabia ■ Celanese Methanol / USA ■ Kaltim Pasifik Amoniak/ Indonesia Gas Power Generation Gas Chemical