Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Regulatory
Compliance with all relevant permits
Review of regulatory strategy to ensure no
permitting delays with the development
Customers/Commercial Agreements
Optimal customer credit quality and mix
Financeability of commercial agreements
EPC
O&M
Suitable O&M plan and structure
Comprehensive O&M service agreement to the Project
LNG/Cryogenic experience and hiring plans
Training and handover procedures from the EPC
contractor
4
Liquefaction
Power Plant
Horn
Cordova / A L B E R T A
BRITISH
COLUMBIA Muskawa
TransCanada
BC / Alberta
Montney
Spectra
Western
Canada Basin
Duverney
AECO HUB
Fortis
Alberta / Sask
Bakken
GTN
SASKATCHEWAN
Alberta
Deep Basin
Jordan Cove
US
Rockies
Powder
Big Horn
River Basin
OREGON IDAHO
Malin Hub
Pacific
Connector
PG&E
Kingsgate
Border Point
CALIFORNIA
MONTANA
WYOMING
Green Wind
River River
NEVADA
Uinta
UTAH
WIC
Denver /
Julesburg
Cheyenne Plains
Piceance
COLORADO
Raton
6
CIG
International
trade ~ 31%
25%
10%
20%
LNG
15%
Gas
21%
Pipeline
69%
Domestic
consumption
10%
5%
2025
2020
2015
2010
2005
2000
1995
1990
1985
1980
1975
1970
0%
Plentiful amounts of natural gas, sourced from all regions of North America
WCC LNG
Watson Island LNG
Aurora LNG
Grassy Point LNG
New Times LNG
Orca LNG
WesPac LNG
Woodfibre LNG
Repsol LNG
Downeast LNG
Oregon LNG
Jordan Cove
Cove Point
Gasfin LNG
Waller LNG
G2 LNG
Cameron LNG
Freeport
Cheniere Sabine Pass
Golden Pass
Next Decade LNG
Elba Island
Louisiana LNG
CE LNG
Gulf LNG
Lake Charles LNG
Trunkline LNG
Magnolia LNG
Live Oak LNG
In Canada Social License and Economic viability issues are key drivers:
Community acceptance and local land use permits (community and First Nations)
Extensive promotional and resource support by BC Government
Social license issues First nations, tax, environmental and political subjectivity
Facility capital costs must be in line with global competitiveness
5 year construction build after 4 5+ year regulatory, social license process
11
Control over gas purchase and pipeline transportation strategies supply diversification (Henry
Hub, Opal, AECO)
U.S. Gulf Coast brownfield tolling models have set LNG price targets for the first wave of LNG from
North America before 2021
LNG delivered to Japan, at approximately $10.25 $10.75/MMBtu, based on $4 Henry Hub Gas
LNG clearing price is based on U.S. / Canadian commodity gas price, pipelines, liquefaction infrastructure
cost, and cost of shipping to Asia regas facility
Traditional LNG JCC or Sales & Purchase Agreement price
Gas Production & Gas
Sales / Marketing to
liquid Hub
Pipeline / Liquefaction /
LNG Storage / Customer
Capacity
Pacific Connector
Gas Pipeline
12
LNG Transportation /
Interim LNG Storage
Regasification/
Pipeline / Gas Storage
Gas Marketing /
Transportation and
Distribution
$100
15.00
$80
12.50
$60
U.S. LNG delivered cost to
Japan, based on current
$2.50/MMBtu gas cost at
Malin Hub
10.00
7.50
5.00
2.50
0.00
2011
2012
2013
2014
JCC
Source: Wood Mackenzie, ICIS, Poten & Partners
Note: Japan shown as example destination
13
Future Cost
of JCC oillinked LNG
prices???
17.50
US$/MMbtu
20.00
2015
Malin Hub
2016
Asia spot
2017
2018
Future
Cost of
Malin Hub
Natural
Gas???
Spectra /
Fortis
AECO Hub
~9 shipping
days to Asia
GTN
Kingsgate
Jordan Cove
~9 shipping
days to Asia
(4300 nmi)
Malin Hub
Pacific
Connector
Ruby
Pipeline
Opal Hub
Australia LNG
~7 to 9 shipping days
to Asia
(3100 - 4300 nmi)
14
USGC LNG
~9 shipping days
to Europe
USGC LNG
~22 shipping days to Asia
(9200 nmi) plus Panama
Canal Costs
Jordan Cove
15
Post 2021, economic expansions of these facilities are likely (DOE study
examining 12 20 Bcf/d export limit )
Sabine Pass
Freeport
Corpus Christi
16
Cameron
Thank you!
Vern Wadey
Vice President, Veresen
+1 403 213-3639
vwadey@vereseninc.com
www.vereseninc.com
www.jordancovelng.com