Gas Infrastructure Development: Mr. Pitak Janyapong Executive Vice President, Strategic Planning Department Gas Business Unit, PTT Public Company Limited January 29, 2015
agenda I. ASEAN GAS OUTLOOK II. NATURAL GAS DEVELOPMENT & OUTLOOK IN THAILAND III. THAILAND INFRASTRUCTURE EXPANSION STRATEGY SECURITY , RELIABILITY & FLEXIBILITY ASEAN INLAND LNG HUB IV. CONCLUSION 2
At present, ASEAN is a net exporter of natural gas, but in the future, it might become a net importer 2030 Net Gas Import = 80 MMSCFD 2030 Total Demand (MMSCFD) = 21,540 MMSCFD 25,000 2030 Total Production 2013 Total Production = 21,460 MMSCFD = 19,009 MMSCFD 20,000 2013 Net Gas Export = 5,672 MMSCFD 15,000 10,000 5,000 2013 Total Demand = 13,337 MMSCFD 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Brunei Cambodia Indonesia Laos Malaysia Myanmar Philippines Singapore Thailand Vietnam Gas Production SOURCE: Wood Mackenzie (2014) 3
Today, Thailand already consume more natural gas than they can produce GAS Production 2013 2030 Consumption Unit : MMSCFD 1,287 1,375 Brunei Net Export Net Export Brunei 312 429 0 877 Net Export Cambodia Cambodia - 0 70 7,312 7,118 Indonesia Net Export Net Export Indonesia 3,857 6,640 0 0 Laos - - Laos 0 0 5,678 6,086 Malaysia Net Export Net Export Malaysia 3,216 4,273 1,247 2,013 Myanmar Net Export Net Export Myanmar 216 405 370 183 Philippines Self Producer Net Import Philippines 370 498 0 0 Singapore Net Import Net Import Singapore 1,035 1,585 2,249 1,563 Thailand Net Import Net Import Thailand 3,466 4,893 864 2,245 Vietnam Self Producer Net Import Vietnam 864 2,746 Total Total Production = 19,009 Production = 21,460 SOURCE: Wood Mackenzie (2014) Consumption = 13,337 Consumption = 21,540 Net Export = 5,672 Net Import = 80 4
Natural Gas Development Natural gas in Thailand is an valuable resource, it is a clean energy and a petrochemical GSP 5 LNG Terminal feedstock to value added. Provincial P/L As a result, demand for gas has grown rapidly with continued expansion of infrastructure NGV ESP & GSP 6 MMscfd 4 th P/L Myanmar P/L 6,000 Industry 5,000 GSP 2 2 nd P/L 3 rd P/L GSP 3 NGV 4,000 GSP Nampong P/L GSP 4 GSP 1 3,000 Power 1 st P/L 2,000 1,000 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 5
Natural Gas Value Chain: Value are maximized to the sourced natural gas SUPPLY DEMAND “ To reduce import Power N.G. LNG and increase energy efficiency ” C 1 (Methane) Industry C 1 (Methane) NGV (CNG) Myanmar C 3 & C 4 (LPG) N.G. LPG for household & transport “Value Added” Petrochemical Feedstock Onshore C 2 (Ethane) GSP 1-6 C 3 (Propane) Packaging Automobile Electrical & Electronic & ESP C 3 & C 4 (LPG) Gulf of Thailand C 5+ (NGL) Fiber & Textiles Agriculture & Others N.G. Construction 6
A Strong Demand Growth Outlook Gas demand forecast (CAGR during 2014-2030) : Total ~2% : Power ~3% : GSP ~-2% : Industry ~2% MMscfd : NGV ~3% 6,462 7,000 8% 6,000 NGV 13% 4,800 Industry 5,000 12% 7% GSP 14% 4,000 2,635 21% 3,000 8% 14% 2,000 Power 67% 58% 1,000 78% 0 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023 2025 2027 2029 Source : PTT 7
Infrastructure expansion: to helps strengthen country security of supply Creating a loop, Pipeline Network 1 New Onshore Pipeline (5 th P/L) enhancing gas network • Looping East-West to increase Security, Reliability & Flexibiity security of network Nakhon Sawan GPG WN BVW#1 Yadana 2 RA#6 Zawtika LNG Receiving Yetagun NBK BPK Facilities SBK To accommodate EPEC RPCL TECO FSRU IPT growing import RGCO Construct FSRU in GLOW of LNG GSP LNG Myanmar to strengthen REGGO gas supply from Myanmar 3 FSRU FSRU, Construct FSRU in the ERAWAN Gulf of Thailand to increase security of supply gas to Khanom supply both the and Chana western and southern part of Thailand KHANOM CHANA 8
Infrastructure Expansion: Pipeline Networks 1 Provincial Pipeline to Nakorn Sawan 28-inch diameter pipeline Approximately 210 kilometers Provincial Pipeline to Nakorn Ratchasrima 28-inch diameter pipeline Approximately 160 kilometers Fourth Transmission Pipeline 42-inch diameter pipeline Approximately 300 kilometers Fifth Transmission Pipeline 9
Infrastructure Expansion: 2 LNG Receiving Terminal 1 - Phase II Map Ta Phut Phase II Phase 1 Phase 2 Regasification Unit 5 MTPA 5 MTPA Jetty 1 1 • No. of Berth 264,000 264,000 • Maximum Size of Carrier (m 3 ) LNG Full Containment 160,000 X 2 160,000 X 2 Storage Tank (m 3 ) Expected completion 2011 2017 E 10
Infrastructure Expansion: New Terminal Option 1 Option 2 Floating Storage Regasification Unit (FSRU) On shore LNG Receiving Terminal Short Lead time (Construction 1-3 Years) 1 Long lead time (Construction 3-5 Years) 1 Relative lower cost 2 Relative higher cost 2 Unit deployed offshore Land acquisition Lower reliability due to weather down time Note: 1. Construction time does not included EIA study period 11 2. At regas capacity 3 mtpa
Infrastructure Expansion: 2 Option 1 – LNG Receiving Terminal 2 New On-shore LNG Receiving Terminal: • 2nd LNG Receiving Terminal to accommodate import LNG higher than 10 MTPA • Diversify LNG receiving location 12
Infrastructure Expansion: 3 Option 2 - FSRU FSRU (Floating Storage and Regasification Unit): Supply Southern Part of Thailand to increase security of supply CHANA POWER PLANT 13
Thailand: Asean Energy Hub Thailand as a Center of inland LNG Supply 1. Supply LNG as MY and ID supply alternative fuel natural gas to Asean of Diesel 2. Construct LNG station 14
Explore Opportunity to Invest in LNG Value Chain Upstream Look for investment for Regasification operator or Gas non-operator with Distribution partners Liquefaction Invest in Projects with LNG equity lifting (N.A., Invest in LNG East Africa project) receiving terminal Shale Gas in other countries Downstream of LNG Development in N.A. business value chain : LNG satellite Shipping Invest with strategic partner in shipping business Supporting global LNG portfolio (LNG Trading portfolio) 15
Conclusion: Natural gas still the fuel for choice and Thailand will.. strengthen its Infrastructure to increase Security, Reliability & Flexibility be a center of inland LNG supply 16
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