1 / 13

10th Russian Petroleum and Gas Congress Plenary Session 2

10th Russian Petroleum and Gas Congress Plenary Session 2 Global Energy Trends and Opportunities for Natural Gas. Renato T Bertani June 2012. Member Countries.

sohalia-bijoy
Download Presentation

10th Russian Petroleum and Gas Congress Plenary Session 2

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 10th Russian Petroleum and Gas Congress • Plenary Session 2 • Global Energy Trends and Opportunities for Natural Gas Renato T Bertani June 2012

  2. Member Countries AlgeriaAngolaArgentinaAustraliaAustriaAzerbaijanBahrainBelgiumBrazilCanadaChinaColombiaCroatiaCubaCzechDenmarkEgyptFinlandFranceGabon Germany Hungary India IndonesiaIranIsraelJapanKazakhstan KenyaKoreaKuwaitLibyaMacedonia MexicoMoroccoMozambiqueNetherlandsNigeria Norway OmanPakistanPanama Peru Poland PortugalQatarRomaniaRussiaSaudi ArabiaSerbiaSierra LeoneSlovakiaSloveniaSouth AfricaSpainSurinameSwedenThailand Trinidad & TobagoTurkeyUKUruguayUSAVenezuela Vietnam WPC Member Countries MISSION The mission of the World Petroleum Council is to promote the sustainable development, production and consumption of oil, gas and other energy resources for the benefit of mankind

  3. Our Values • VALUES • The World Petroleum Council firmly believes that the activities of the petroleum industry must be predicated in certain fundamental values: • Respect for the individuals and communities • Reliance on the highest technological solutions; • Highest business ethical and governance standards • Creation of value to all stakeholders.

  4. The Challenge: Sustainable supply of the ever growing energy demand

  5. Key Drivers to Energy Consumption Population Growth 1960 3 bn people High Med Low 2050 9 bn people?

  6. Current Energy Scenario Total Energy Consumption Energy Inclusion

  7. World Energy Demand Growth • Fossil fuels (oil, natural gas and coal) will continue to be the main sources of energy • Supply of renewable sources of energy will grow significantly, but still remain a complementary source of energy Liquids: Conventional (oil, condensate, natural gas plant liquids, refinery gains) Non-Conventional (oil sands, extra heavy oil, biofuels, GTL, CTL) Source: EIA Outlook Issue: October 2011

  8. World Gas Consumption Source: EIA , International Energy Outlook Issue: October 2011

  9. World Reserves: 6,608 tcf • R/P = 58.6 yrs • USA gas shale resources: 6,600 tcf World Gas Reserves • World resource base is expanding in view of new technologies and price deck

  10. World Natural Gas Supply • Natural gas production grow will be mainly from the Middle East, Asia and Eurasia, with increasing contribution of non conventional sources Source: EIA , International Energy Outlook Issue: October 2011 • New production from unconventional, stranded gas, remote areas • Tendency to gas commoditization (LNG, GTL) • Regional pipelines constrained by costs, geopolitical uncertainty

  11. The promise of the unconventional natural gas resources • Resource Base Shales • Source Rock is the same as the Reservoir • No secondary migration • Gas generation window • Fracturing and microfacturing

  12. Investment decisions: challenges and pitfalls Global LNG Trade Source: EIA , International Energy Outlook Issue: October 2011 487,627 Wells 124,168 Wells

  13. MINDS Rapidly aging HR base, MONEY $20 trillion until 2030 IEA Energy Outlook MILLS Increasing demand for steel, rigs, supplies Ingredients for Success • The success of our industry as whole more than ever will require: • Investment in people and technology • Increasing cooperation and dialogue between stakeholders • Highest standards of Health, Safety and Environment • Social Responsibility and Ethics as part of the Business Model

More Related