Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
600
300
200
100
0
India Pakistan Bangladesh Sri Lanka
Source : BP Statistical Review 2011
Natural gas has emerged as a preferred
source of energy
― Clean fuel with lesser environment impact
― Abundantly available in recoverable form
― Affordable compared to crude oil based products
― Proven technological advancements
― Globalization of trade
Consumption of Natural Gas in the Indian
sub continent in 2011
70
61.1
60
50
39.2
40
BCM
30
19.9
20
10
0
0
India Pakistan Bangladesh Sri Lanka
80
69.15
70 Domestic Supply Demand
60 54.88
50 46.1
39.2
BCM
40
29.85
30
19.9
20
10
0 1.5
0
India Pakistan Bangladesh Sri Lanka
Source : BP Statistical Review 2011
Demand – Supply scenario of Natural Gas in
Bangladesh
90
Demand Production 82 MMSCMD
80
70 Window of
Opportunity for LNG
MMSCMD
Import - 11 MTPA
60
50
49.2 MMSCMD
40
30
Demand – Supply scenario of Natural Gas in
Pakistan
300
273 MMSCMD
Demand Production
250
200
Window of Opportunity for
LNG Import - 58 MMTPA
MMSCMD
150
100
50 63 MMSCMD
0
Demand – Supply scenario of Natural Gas in
Sri Lanka
16
Production Demand
14 MMSCMD
14
12
MMSCMD
Window of Opportunity
10 for LNG Import - 2.5
MMTPA
8
6
5 MMSCMD
4
0
Demand – Supply scenario of Natural Gas in
India
600 550 MMSCMD
Demand Production
500
Window of
Opportunity for LNG
400 Import - 80 MMTPA
MMSCMD
300
260 MMSCMD
200
100
120
100
80
BCM
60
40
20
0
India Pakistan Bangladesh Sri Lanka Estimated Sub
Continent
Shortfall
Estimated Gas Demand Anticipated Domestic Production
Source : Various State Agencies
Demand of Natural Gas in the Indian sub
continent is unlikely to be fully realized
200
150
100
50
0
2000
2001
2002
2003
2004
2005
2009
2010
2011
2012
2013
2014
2006
2007
2008
2015
APAC Africa Middle East America Europe
Post 2015 - Large capacity additions expected
from North America subject to export
permission in the next two years
EIA Scenarios for US Gas Exports
Proposed and Potential LNG Export Projects in
North America
• Given the number of projects
that are currently applying for
export license, the prospects of
LNG export from North America
appear to be strong
• Export license to non-FTA
countries is critical for viability
of US export projects
• Expected US LNG exports by
2020 are 70 mmtpa, in addition
20-30 mmtpa of LNG exports
could come from Canada
Huge arbitrage opportunity exists between
Henry Hub and JCC linked pricing
15
~ $ 11/MMBtu
9
$/MMBtu
0
1992
1984
1985
1986
1987
1988
1989
1990
1991
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
Source : BP Statistical Review 2012
Future Outlook – Gas index/LNG Prices
20
Crude Oil Parity Price (JCC)
18
20 2020
20
PLL Qatar (12.7 % JCC)
20
16 Crude Oil
Crude Oil Parity
Parity Price
Price (JCC)
(JCC)
18 1818 PLL Gorgon(14.5 % JCC(JCC)
Crude Oil Parity Price )
18
18
14 PLLQatar
Qatar (12.7
(12.7 %% JCC)
20 PLL
PLL Qatar (12.7 %JCC)
JCC)
16 1616 Sellers
Seller Willingness
comfortable (14.85%
(14.85
16 (JCC) % JCC)
$/ MMBtu
16
12 Crude
JCC) Oil Parity Price
PLL
PLL Gorgon(14.5 % JCC )
18 PLLGorgon(14.5
Gorgon(14.5
Cheniere LNG Deal
%%JCC
JCC)) Hub
(Henry
14 1414
14
14
10 PLL Qatar (12.7 % JCC)
Plus)
Sellers Willingness (14.85%
16 Sellers
Sellers Willingness
Willingness (14.85%
(14.85% JCC)
$/ MMBtu
MMBtu
12 1212 JCC)
MMBtu
$/$/MMBtu
12
12 JCC)
JCC)Gorgon(14.5 % JCC )
PLL
8 Cheniere LNG Deal (Henry Hub
14 Cheniere
Cheniere LNG Deal
Deal(Henry
(HenryHubHubPlus)
10 1010 Henry
Plus) HubLNG Index
10
10 Plus)
Plus) Willingness (14.85%
Sellers
6 NBP Index (UK)
$/
$/ MMBtu
12 NBP
NBPIndex
JCC) Index(UK)(UK)
8 8888 Cheniere LNG Deal (Henry Hub
4 Henry Hub Index
Henry
10 HenryHub
Plus) HubIndex
Index
6 6666 NBP Index (UK)
2
8
4
4444 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Henry Hub Index
6
2 2222
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2012 2013 2013
2012
4 2012 2014 2014
2015 2015
2016 2016
20172017
20182018
20192019
20202020
20212021
20222022
2023 2024
2023 2025
2024 2025
2012 2013
2013 2014
2014 2015
2015 2016
2016 2017
2017 2018
2018 2019
2019 2020
2020 2021
2021 2022
2022 2023
2023 2024
2024 2025
2025
2
2012
Source:2013
WEO2014 2015other
2011 and 2016 2017
Public 2018 2019 2020 2021 2022 2023 2024 2025
Sources
Long term LNG prices are expected to mostly depend on Oil indexation and HH Prices
Current domestic price of Natural Gas in the
Indian sub continent
4.4
4.2
4.2
4
3.8
MMBTU
3.6
3.4
3.2 3.37
3.06
3
India Pakistan Bangladesh
Current average delivered LNG Prices to India
21
18 17.01
MMBTU
15
17.77
16.19
12
9.83
9
Australia North America Qatar Russia
LNG import scenario in the Indian sub continent
60
50
Capacity (MMTPA)
40
India
30
20
10
0
Existing Under Construction Planned
(3 Terminals) (1 Terminal) ( 15 Terminals)
LNG import plan of Bangladesh
Capacity
Operating Terminals Location (MMTPA) Start Date
Petronet LNG Dahej I 5 2004
Terminals Capacity
Under Construction Location (MMTPA) Start Date
Petronet LNG Kochi 2.5 2012-13