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Qatar’s LNG Strategy, A Foundation for Growth Doha Conference on Natural Gas. Faisal Al Suwaidi Chief Executive Officer Qatargas Operating Company Ltd. 10-March, 2009. The Development of Qatar’s LNG Industry. 1995 Kogas SPA 1999 First Cargo. 1992 Chubu SPA 1996 First Cargo.
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Qatar’s LNG Strategy, A Foundation for Growth Doha Conference on Natural Gas Faisal Al Suwaidi Chief Executive Officer Qatargas Operating Company Ltd. 10-March, 2009
The Development of Qatar’s LNG Industry 1995 Kogas SPA 1999 First Cargo 1992 Chubu SPA 1996 First Cargo 1992 Port Construction Commitment 1996 Start-up DELIVERING LNG TO THE WORLD
On the Path to 77 MTA RasGas Qatargas Trains 6-7 Trains 1-3 Trains 4-5 Trains 1-5 Trains 6-7 DELIVERING LNG TO THE WORLD
Qatar Advantage • Huge Reserves (900 TCF) • Strong Government Support • Strong Partnerships / Shareholders • Financing Strength • World Class Infrastructure & Operations DELIVERING LNG TO THE WORLD
LNG Marketing “Game Changer” 2002 Qatargas 2 Train 4 DELIVERING LNG TO THE WORLD
Laffan Refinery DELIVERING LNG TO THE WORLD
Office Qatar Owned Terminal 3rd Party Receiving Terminal Global Market Reach - One of the Keys UK SHG Belgium South Hook ~40% France Italy ~25% Japan Adriatic US Spain Korea ~35% Kuwait JLO China Golden Pass Taiwan Ras Laffan Mexico UAE India Thailand DELIVERING LNG TO THE WORLD
Office Qatar Owned Terminal 3rd Party Receiving Terminal Global Market Reach - One of the Keys South Hook LNG Terminal, Wales, U.K. UK SHG Belgium South Hook ~40% France Italy ~25% Japan Adriatic US Spain Korea ~35% Kuwait JLO China Golden Pass Taiwan Ras Laffan Mexico UAE India Thailand DELIVERING LNG TO THE WORLD
Office Qatar Owned Terminal 3rd Party Receiving Terminal Global Market Reach - One of the Keys UK SHG Belgium South Hook ~40% France Italy ~25% Japan Adriatic US Spain Korea ~35% Kuwait JLO China Golden Pass Taiwan Ras Laffan Mexico UAE India Thailand • Strong Demand for LNG • Reliable and Creditworthy Customers DELIVERING LNG TO THE WORLD
Office Qatar Owned Terminal 3rd Party Receiving Terminal Qatar’s LNG Strategy UK SHG Belgium South Hook ~40% France Italy ~25% Japan Adriatic US Spain Korea ~35% Kuwait JLO China Golden Pass Taiwan Ras Laffan Mexico UAE India Thailand Diverse Markets, Diverse Partners, Diverse Products DELIVERING LNG TO THE WORLD
Global Market Volatility Crude Oil Price – West Texas Intermediate Full Price Cycle in 7 Years DELIVERING LNG TO THE WORLD
Global Market Access Crude Oil Price – West Texas Intermediate Full Price Cycle in 7 Years DELIVERING LNG TO THE WORLD
Foundation for Growth • Enormous Reserve of the North Field • Wise Vision for Developing Qatar’s resources • Applying New Technology to Achieve Lower Costs • Multi-phase Development for the LNG Projects • Strategy: Diversity of Markets, Partners and Products DELIVERING LNG TO THE WORLD
Thank you DELIVERING LNG TO THE WORLD