cpc corporation, taiwan 1 lng demand situation and trade issues chinese taipei apec regional lng...
Post on 14-Jan-2016
213 Views
Preview:
TRANSCRIPT
CPC CORPORATION, TAIWAN 1
LNG Demand Situation and Trade Issues
Chinese Taipei
APEC Regional LNG Trade Facilitation
Jane. H.J. LiaoDeputy CEO of Natural Gas Business
July 15 2015
CPC CORPORATION, TAIWAN
1. The Market- now and then2. LNG Issues3. How Can APEC Help4. Find the Needs5. LNG in Chinese Taipei
2
Content
CPC CORPORATION, TAIWAN 3
LNG Demand and IssuesChinese Taipei
APEC Regional LNG Trade Facilitation
Jane LiaoDeputy CEO of Natural Gas Business
July 15 2015
CPC CORPORATION, TAIWAN 4
The Market Now and Then
Then
LNG Target Market : USA (Import)Specification: Leaner LNG Vessel : Q max/Q FlexTrain Capacity: Mega project
Focused market : US, Canada/ Shale Gas (Exports)Pricing : HH/ de-oil linked Term: Shorter (10-15 yrs)Destination: More Flexible
CPC CORPORATION, TAIWAN 5
LNG Market Transformation
1995 2000 2005 2010 2015 2020 2025
Asian financial crisis
Oversupply (Take-or-pay)
• Indonesia shortfall
• Yemen delayed• Sakhalin delayed
US import project
Historical high oil price
• Global financial crisis
• Oil price dropped
Planned US LNG export
Canada LNG export
Driving forces of cargo diversion
Buyer’s Market
Paradigm Shift
Seller’s Market
US LNG start to export
? ?
CPC CORPORATION, TAIWAN
The LNG Issues
• Business Model• The Relationship • The Dilemma
6
CPC CORPORATION, TAIWAN 7
How Can APEC Help
Top sellers and buyers within the APEC
•Contradiction ? •The Balance ?
Industry
Government
CPC CORPORATION, TAIWAN 8
Find the Needs
Reliable Supply
Rationale Pricing
Mechanism
Flexible Terms
Cliché?
•Find out what you need•Let the market decide the road ahead !!!!!
CPC CORPORATION, TAIWAN 9
Energy Consumption Mix
Structure of Energy Consumption
Source: Bureau of Energy, MOEA
Electricity accounted for 49% of total energy consumption in 2014. Major fuels for power generation : Coal (33.6%), Gas (27.9%) and Nuclear (16.3%).
Electricity Mix
Coal
Gas
Nuclear
Cogeneration
Hydro
Oil
Renewable
33.60%
27.90%
16.30%
16.10%
2.90%
2.50%
0.80%
CPC CORPORATION, TAIWAN
Qatar44%
Malaysia21%
Indonesia16%
PNG7%
Others11%
10
LNG in Chinese Taipei (2014)
Imported LNG98%
Indigenous Gas2%
LNG Imported
13.3 MTPA Supply Demand Gas sold
17.6 billion m3
Power Sector80%
Industrial7%
Residential13%
Taipower62%
IPPs18%
Industrial7%
Residential13%
Brunei
Yemen
Australia
Oman
Russia
Nigeria
E.G
AlgeriaSpain
T&T
CPC CORPORATION, TAIWAN 11
Receiving Facilities
2 LNG receiving terminals in 13.3MT was imported in 2014The 3rd receiving terminal to be built by 2024The total receiving capacity to 20MTPA
Off-shore PipelineOn-shore Pipeline
top related