Wednesday, November 8, 2006

The tour is now full, new registration price available for conference. Please see registration page.

Tour of Sempra's Energia Costa Azul (ECA) Terminal 14 miles north of Ensenada, Baja California, Mexico

Energia Costa Azul (ECA) will be the first terminal to connect North American gas markets to Pacific LNG. Construction will be roughly half complete by the time of the tour. The $875 million project will have the capacity to import up to 1 billion cubic feet (Bcf) of natural gas per day, beginning in 2008. Plans for expansion are already being discussed. The terminal has access to deep coastal waters. An impressive breakwater, jetty, dock twin tanks, vaporizers and pipeline interconnects are all part of the program.

The tour will include a project overview at the location marked with a green dot on the map, and a bus tour around the site, with a Sempra Engineer. The bus tour around the site will include several highlights listed below.

Depart The Dana Hotel promptly at 8:00 AM

11:00 - 1:00 PM

LNG Terminal Tour

Depart to Los Rocas Restaurant for Lunch

Sponsor:

Conference Introduction, Objectives, Agenda
Bob Nimocks, president, Zeus Development Corp.

End of the Pipeline and Beyond: The Dynamics of North America's West Coast Gas Markets Mike Juden, senior practice expert - natural gas, McKinsey & Company, Houston
In total, the states of Colima, Baja, California, Oregon and Washington, and the Province of British Columbia consume about as much natural gas as the nation of Japan (10 bcfd or ~75 million metric tons per year). Juden has been asked to discuss the implications that Pacific LNG will have on these markets and affect on gas flows from the Rockies, U.S. Southwest and Western Canadian Sedimentary Basin.

Asian LNG Supply/Demand Balance: How West Coast North American terminals are likely to Impact Pacific and Middle East Trade
Tommy Inglesby, associate principal, McKinsey & Company, Houston
With shortages of gas experienced by the world's largest LNG exporter, Indonesia, and questionable reserves in Malaysia and Brunei, the Pacific has not had the surplus of LNG that was once expected. New projects are under construction, but new markets in China, India and elsewhere are also demanding new supplies. Inglesby has been asked to review this market in context of demand for LNG in North and South America.

BREAK

Integrated Pacific LNG Supplier's Perspective: Woodside
Jane Cutler, president, Woodside Natural Gas, a member of a group of companies wholly-owned by Woodside Energy Ltd., California
Woodside is the operator of one of the most successful LNG export plants in the Pacific -- the North West Shelf Venture near Dampier, Australia. The company is also actively developing downstream markets, like its proposed OceanWay Secure Energy receiving facility 35km (22 miles) off the Californian coast at Los Angeles. Cutler has been asked to describe the key opportunities and challenges before an integrated LNG competitor in the Pacific.

How Sempra's ECA Terminal Will Accommodate Northwest Mexico and Southwest United States
Greg Bartholomew, vice president, Sempra LNG, San Diego
Sempra provides an example of another type of energy competitor in the LNG marketplace: an LNG importer, terminal developer and marketer focusing solely on one continent -- North America. The company is using its knowledge of the North American pipeline transportation and markets to import LNG into the Gulf Coast and West Coast. Bartholomew has been asked to review Sempra's progress with its LNG initiatives and then focus on how this strategy will expand supplies into Northwest Mexico and the U.S. Southwest through its Energia Costa Azul terminal.

LUNCH

1:30 - 2:15 PM

How the Atlantic Trade Has Unfolded and Possible Implications for the Pacific
Ryan Todd, Corporate and Investment Bank, Global Markets, Deutsche Bank, New York
Some 300 spot cargoes of LNG were traded in 2005, many of these across the Atlantic. With Middle East plants having access to both markets, the Pacific has the potential to see more spot trades and arbitrage. Todd has been invited to address this issue.

Asian LNG Market Trends and Implications for West Coast Markets
Alexis Z. Aik, consultant, EWCI Pte. Ltd., FACTS Global Energy, Singapore
Singaporeans are discussing an LNG market hub with futures contracts and transshipment opportunities to inland markets. The Japanese, Koreans and Taiwanese are buying spot and short-term cargoes to cover for short falls in Indonesian LNG and soon possibly Sakhalin LNG. China and India has begun to import Australian and Middle Eastern gas. Aik has been asked to review the import markets for Asia and their likely competition for West Coast buyers.

BREAK

Pacific LNG Fleet: The Impact and Remaining Hurdles for Cross-Ocean Trade
Bob Cowen, attorney, Venable L.P., New York
The availability of LNG tankers to meet short term trading requirements has contributed to the growing and highly profitable Atlantic Basin spot trading market. With the world LNG fleet set to double in size over the next few years, and the development of terminals that can serve the California/West Coast market, it is likely that similar arbitrage opportunities will develop across the Pacific. To discuss these developments and the contractual and environmental challenges that will confront LNG tanker owners and shippers, Attorney Bob Cowen, who has extensive experience working in the LNG and oil tanker business, will present his view on the growth of the LNG shipping business and its implications for the Pacific LNG trade.

The Swinging Middle East
Poushali Roy, LNG market analyst, Zeus Development Corp.
Arabian LNG trade is set to balloon to 100 million metric tons per year (mty), including some 77 mty from Qatar alone. Trains are being financed with the understanding that volumes will go into pools for integrated suppliers to trade from between continents. Roy will describe how the trade is unfolding for Middle Eastern projects, their markets, wildcards, and the potential impact for Pacific buyers.

RECEPTION