and transportation
DESCRIPTION
and transportation. Environmental Issues. China and the Environment. China approved the Kyoto Protocol on 30 August Pollution levels: Total Suspended Particulates Paris – 14 Beijing – 377 Sydney – 54 Shanghai – 246 Kuala Lumpur – 85Urumqi – 515 - PowerPoint PPT PresentationTRANSCRIPT
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andtransportation
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Environmental Issues
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China and the Environment
China approved the Kyoto Protocol on 30 August Pollution levels:
Total Suspended ParticulatesParis – 14 Beijing – 377 Sydney – 54 Shanghai – 246 Kuala Lumpur – 85 Urumqi – 515 Bangkok – 223 Taiyuan – 568 Jakarta – 271 Lanzhou – 732
and it results in this:
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GD LNG – Project Background
Guangdong Province Population of over 75 million 10-15% growth per year for the last 10-15
years Contributes about 10% of China’s GDP Contributes about 38% of China’s total
exports
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GD LNG – Project Background
Project being developed in two phases Phase 1: Regasification terminal and 300km of
transmission pipeline in Guangdong and branch lines to Hong Kong
Phase 2: additional 2MMTPA volume and extension of trunkline around western side of Pearl River Delta
Imports scheduled to commence in 2005
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GD LNG – Project Background
Feasibility Study Report to be submitted to the SDPC later this year
If FSR approved, JV Company will be formed
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GD LNG – Project Background ownership
• CNOOC 33%
• Shenzhen Investment Holding 14%
• Guangdong Yuedian Power Assets 6%
• Guangzhou Gas 6%
• Dongguan Fuel Industrial 2.5%
• Foshan Municipal Gas 2.5%
• Hongkong Electric 3%
• Hong Kong & China Gas 3%
• BP 30%
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CNOOC33%
Guangdong31%
Hong Kong6%
BP30%
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GD LNG: Demand Side
Phase I: 11 customers (~3.28 MMTPA): HK Buyers (0.80 MMTPA)
HongKong Electric (6 x 300 MW)Hong Kong & China Gas
PRC power generators (1.62 MMTPA) Dongbu (3 x 350 MW)Huizhou (3 x 350 MW)Qianwan (3 x 350 MW)Meishi (Oil-to-Gas Conversion)
PRC towngas (0.86 MMTPA) Dongguan, Foshan, Guangzhou, Nanhai, Shenzhen
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GD LNG: Demand Side
Phase II Increased take by Phase I customers City gas customers on the east bank of the Pearl
River Deltae.g. Zhuhai, Zhongshan, Jiangmen and Heshan
Additional oil-to-gas conversion power plants
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GD LNG: Supply Side
Supplier is Australia LNG 25 year contract worth around US$13 billion 3 MMTPA from NWS 4th train
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GD LNG: Supply Side Australia LNG
BHPBilliton
BP
Chevron
MIMI
Shell
Woodside
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GD LNG: Supply Side
CNOOC Ltd will acquire equity interest in the NWS
Creation of China LNG Joint Venture Will own the LNG supplied to Guangdong, and
associated condensates and LPGs CNOOC Ltd offered 25% interest Price of around US$320 million plus tariff for
access to NWS infrastructure
China LNG
CNOOC LTD NWS Partners
China LNG JV
25% 75%
WoodsideShellMIMIChevronBPBHP
12½% each
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GDLNG: Shipping
2-3, 145,000 cu.m vessels Vessels to be owned:
COSCO & China Merchants40% NWS 39% Chinese owners 21%
Ship management company to be established: COSCO & China Merchants60% NWS 40%
GDLNG: Shipping Cosco
China Merchants
CCM JV Co Chinese Owners
NWS
Vessels
21%
Shipbuilders
Ship Management Co
Hudong Zhonghua
Chantiers de l'Atlantique
39%
40%
40%
60%
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GDLNG: Project Issues
• Land
• Consents
• LNG Supply and Shipping
• Downstream Gas Sales
• Construction
• Financing
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Future LNG Prospects
• Guangdong Phase II
• Fujian
• Zhejiang?
• Shanghai?
• Jiangsu?
• Shandong?
Thank You