Rebalancing the Atlantic Basin:
Three Scenarios for Supply Growth Zeus Energy Consulting
Group, TBA Atlantic Basin supplies are gradually
increasing relative to receiving capacities. This
presentation will examine trade flows and how weather
and new trains in Trinidad, North Africa and West
Africa have begun to improve liquidity. The presentation
will chart trade flows as more export and import
capacity is added from facilities that have passed
their financial investment decision (FID) points.
The presenter will then review scenarios for growth
to 2020 as potential trains proposed in Russia,
Norway, North Africa, West Africa and South America
are added in concert with new regas terminals along
North America's East and Gulf Coasts, Latin America
and the Caribbean and Europe. A tornado diagram
will be presented to provide sensitivity to variables
that will have the greatest influence on the supply/demand
balance.
9:30 - 10:15 AM
Atlantic Basin's Next Decade: An Integrated
Suppliers Perspective Dan McGinnis, vice president,
business development, SUEZ Energy North America Suez Energy International is one
of the most active LNG traders in the Atlantic
Basin with equity ownership in Atlantic LNG in
Trinidad and access to a global supply portfolio
as well as shipping and receiving capacity on
the US East Coast, Northern Europe and Spain.
Moreover, the company is active in Latin American
and Asian gas and power markets, so further geographic
expansion of their LNG network is likely. McGinnis
has been asked to describe his perspectives on
Atlantic Basin trade in the next decade.
10:15 - 10:45 AM
Break
10:45 - 11:30 AM
Cheniere's Gaz de France Alliance and Resulting
Opportunities Charif Souki, chairman
and chief executive officer, Cheniere Energy Inc. On April 26, Cheniere Energy and
Gaz de France entered into a pair of transatlantic
option agreements (TOA's) to establish a framework
of sales and purchases of LNG into the European
and North American markets. The move gives Cheniere,
a rising star in the LNG industry, having created
some $2 billion in shareholder value in four years,
access to gas markets on both sides of the Atlantic.
Souki has been asked to describe his views on
Atlantic LNG trade during the next decade and
how Cheniere intends to use its strategic position
to gain marketshare.
11:30 - 12:15 PM
Spot Markets, Slow Steaming and Idling: How
Cross-Atlantic LNG Trade Is Beginning to Resemble
Crude Markets Per-Christian Fett, analyst,
Fearnleys LNG arbitrageurs with access to
supply have been enormously successful trading
between North American and European markets as
prices have swung as much as $5/MMBtu. Arbitrage
opportunities also exist north and south between
seasonal markets as well as in new markets between
India and east Asia. Fett has been asked to describe
how LNG shipping has changed over the past five
years and where he sees LNG transport headed in
the future.
12:15 - 1:45 PM
Lunch
1:45 - 2:15 PM
The Value of Transatlantic
Arbitrage Stephanie Schneider, engineer,
Gaz de France
With the approval of the merger between GdF and
Suez Energy, Sept. 2, the combined enterprise will
become the number one buyer and seller of gas in
Europe and with a 25 per cent market share the number
one importer and buyer of LNG in Europe. Between
Nov. 1, 2005, and March 31, 2006, transatlantic
arbitrage was enormously profitable. LNG cargos
diverted from the United States to Europe and later
Japan would earn premiums exceeding $15 million
($5/MMBtu) each. Ms. Schneider has been asked to
describe why this trade can be so valuable and the
measures GdF is taking to ensure a strategic long-term
position.
2:15 - 3:15 PM
New Arbitrage Opportunities
Panel:
Several rapidly commercializing innovations and
technologies, including floating LNG terminals,
gas-quality management, regas ships, cryogenic pipes
and hoses, transshipment terminals, and Q-max ships
promise to open new markets to arbitrage. This panel
will review and discuss these new technologies and
consider their implications for the Atlantic Basin
Speed to Market: Through
Technology, Excelerate Energy Is Extending Its Network
Rapidly Rob Bryngelson, president
and chief executive officer, Excelerate Energy
More than any other company, Excelerate has developed
new technology to access diverse markets and realize
arbitrage opportunities. The company pioneered the
“Energy Bridge” offshore regasification
technology and has accomplished direct ship-to-ship
transfer of LNG with ships are moored together –
a system that is also applicable to across-the-dock
transfer of LNG between two ships or through shore-based
transshipment tanks. With three regasification vessels
and one conventional vessel on the water and five
more regasification vessels due for delivery by
2010, as well as dockside and deepwater port systems
that can be installed and commissioned in less than
half the time of conventional terminals, Excelerate
is set to expand its network rapidly. Bryngelson
has been asked to describe how the company will
proceed into the next decade.
Hoegh's Latest Offshore
Regas and FSRU Developments Ragnar Wisløff,
vice president, projects, Hoegh LNG
Petrobras, Suez and Woodside are among the many
companies considering regas ships and floating,
storage, regasification units (FSRU's) for LNG receiving
and regasification. Hoegh LNG is a leading designer
and operator of these types of ships. Wisløff
has been asked to describe the latest designs and
developments.
LNG Impel's Storage and Transshipment Terminal:
The DUBHUB Thomas Dawson, president,
LNG Impel
Impel and the Government of Dubai are developing
an LNG storage hub concept to be built in the
Middle East. The Hub proposes several unique services,
including storage, blending, park and loan service
as well as derivative instruments for LNG and
shipping. Dawson has been asked to describe the
facility, the timing and steps towards its development,
its correlations in other commodity fuels, and
the impact on East-West trade.
3:15 - 3:45 PM
Break
3:45 - 4:45 PM
Continuing Panel Discussion
4:45 - 5:00 PM
Wrap Up
5:00 - 6:00 PM
Reception
Friday,
November 9, 2007
7:30 - 8:30 AM
Registration &
Continental Breakfast
8:30 - 8:45 AM
Previous Day's Conclusions
and Second-Day Agenda
8:45 -
9:30 AM
Broadening the Atlantic: Indian and Pacific
Market Influence Create the Need for Global Perspective
Daniel R. Rogers, partner, King & Spalding
LLP, Houston
The near-term future of the Atlantic Basin LNG
market is exciting, with many new import terminals
and several new suppliers set to begin operations.
With Middle East suppliers about to take a prominent
role in providing swing supplies between the Atlantic
and Pacific, the definition of the Atlantic Basin
LNG market is changing. This presentation will
review the origin and current state of the Atlantic
Basin LNG market and name some of the drivers
shaping the market in the near term. Then, Rogers
will discuss how competition between the Atlantic
and Pacific will shape the two.
9:30
- 10:15 AM
Asia Pacific Outlook for LNG Trade: Arbitrage
Opportunities for Spot LNG Trade Alexis Z. Aik, consultant,
FACTS Global Energy, Singapore
Spectacular changes have been witnessed in the
global LNG market including greater trade across
markets, increased flexible portfolio LNG volumes
and record differentials in regional LNG pricing.
The Asia Pacific market offers a potential supply
source and demand draw on the Atlantic Basin.
On the demand side, the weather, technical problems
at regasification terminals, geopolitical issues,
or rising demand for natural gas in a country
can generate a short-term surge or slump in LNG
demand for spot cargoes. The recent past provided
good examples of extreme situations in the spot
market. The winter of 2005-2006 was marked by
a series of factors leading to extreme tensions
on supply and skyrocketing spot LNG prices. The
following winter of 2006-2007 however showed a
reverse situation. Although only limited additional
LNG supply came onstream, demand fell due to exceptional
warm weather conditions, leading to a greater
availability of spot cargoes and lower prices.
Aik has been asked to describe how the Asia Pacific
market is evolving and its influence on the Atlantic
basin.
10:15 -
11:00 AM
Latest
on the Florida Market and Measures to Supply More
Energy Robert Sharra, director
of project development, Florida Power & Light
Company's Energy Marketing and Trading Group Florida Power & Light Company is the
largest electricity and utility company in the State,
providing more than four million homes and businesses
with electric power and energy services. Sharra
has been asked to describe his views of how Florida's
energy needs will be supplied in the next two decades.
11:00
- 11:30 AM
Break
11:30
- 1:00 PM
PANEL: New Sources of Florida Gas Supply
This panel will review the various ways suppliers
of LNG and pipeline gas will access the Florida
market
TORP's
Eastern Gulf of Mexico HiLoad Proposal
Lars Odeskaug, chief executive officer, TORP Technology
The Federal Energy Regulatory Commission has opened
the draft Environmental Impact Statement for TORP's
proposed terminal 63 miles offshore of Fort Morgan.
The terminal would import about 1 billion cubic
feet of gas per day.
Gulf LNG Energy’s Pascagoula Terminal
Update
Scott Wagner, Terminal Manager, Gulf LNG Energy,
LLC
In early 2005, Sociedade Nacional De Combustiveis
De Angola, Sonangol, purchased a significant interest
in Gulf LNG Energy, LLC, which is developing a
receiving and regasification terminal on land
controlled by the Jackson County Port Authority,
Jackson County, Miss, near Pascagoula. As designed,
the terminal will include a new marine dock capable
of handling 250,000-cubic-meter LNG tankers, an
unloading system, two full-containment storage
tanks with 160,000 cubic meters of capacity each
and a send-out system capable of 1.5 BCFD. Technip
was assigned the front-end engineering and design
task, April 25, 2005. Wagner has been asked to
provide a status update on the project.
SNG’s
Elba Island LNG Terminal Expansions – The Advantage
of Existing Infrastructure
Scott Walden, maintenance & marine superintendent,
Southern LNG Southern Natural Gas Company (SNG) proposes
two projects that will provide new gas supply to
growing markets in the Southeast. The speaker has
been asked to describe these projects and their
impact on Florida’s needs.
