lng: the bridging fuel - international gas...
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Classification: Internal Status: Draft
LNG: The Bridging FuelTorgrim Reitan
Senior Vice President, StatoilHydro, Trading & Operations
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The Bridge
World primary natural gas demand (BCM)
3000
4000
5000
Regional gas balances in 2030 (BCM)
1000
100200300400
Natural Gas –The bridge to a clean future
LNG –Bridging regional imbalances
Will the bridge be built?
Liquefaction status in BCM
500
600
700
800
PossiblePossible
SpeculativeSpeculative
0
1000
2000
3000
1980 2000 2006 2015 2030
-700-600-500-400-300-200-100
NorthAmerica
EU OECDPacific
China India Russia MiddleEast
Africa LatinAmerica
Source: IEA 2008 World Energy Outlook, Reference Scenario
0
100
200
300
400
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Source: WoodMackenzie 2009
OnOn--streamstream
Under constructionUnder construction
PossiblePossibleProbableProbable
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3
How to build a solid bridgeT t l LNG d d fi l
•Project maturation
•Flexibility in gas contracts
Total LNG demand versus firm supply
300
400
500
600
•Regulatory measures0
100
200
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Total LNG demand Firm liquefaction capacitySource: WoodMackenzie 2009
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Bridging a portfolio
European portfolio Global spot market US portfolio
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Classification: Internal Status: Draft
LNG: The Bridging FuelTorgrim Reitan
Senior Vice President, StatoilHydro, Trading & Operations