CWC Ninth Annual World LNG Summit Barcelona 2008

Master Class A: Tuesday 9th December 2008

Master Class Leaders:

Led by Andy Flower, INDEPENDENT CONSULTANT “The leader is experienced, resourceful and engaging with his audience. Lots of fresh and new ideas gathered throughout the class”

Global LNG trade increased by 8.7% to 173.6mt in 2007. However, the year only saw the commitment to the construction of three new liquefaction trains - the rebuild of Algeria’s Skikda, Australia’s Pluto plant and Angola LNG. These trains will add 14mtpa of production capacity when they come on stream. The slow progress in projects reaching a final investment decision follows 2006 when only Peru LNG reached this stage. At the end of 2007, 95mtpa of new capacity was under construction to add to the 200mtpa in operation. As this capacity comes on stream over the next 4 years, it will provide new supplies for the many regasification terminals and ships that have come into operation in the last few years. The outlook for new supply beyond 2012 is much more uncertain and some of the ships and terminals may face low utilisation rates leaving markets without the LNG supplies that have been expected. This oneday master class will review the latest developments in the LNG business, including the prospects for liquefaction projects currently at the planning stage. The outlook for demand and prices in the main markets and the prospects for an increase in short-term trading will also be considered to give delegates an overview of the prospects for the global LNG business over the period to 2020.

TOPICS TO BE COVERED INCLUDE:

• Liquefaction capacity
• Receiving terminals
• Ships in operation and on order

LNG Markets

• Which were the fastest growing regional markets in 2008?
• Will all the planned terminals be built?
• What will be the utilisation factors for those that are built?
• Growth prospects in the established markets of Japan, Korea and Taiwan
• The emergence of India and China - how much LNG do they need and how much can they secure?

LNG Supply

• Plants in operation, under construction and planned
• The increasing importance of Qatar as output increases to over 77mtpa
• Where is the next Qatar to support continued growth after 2012?

LNG Prices

• Market-based and formula based pricing
• Are we seeing a convergence of LNG prices globally?
• What are the differences between the pricing of short-term and long-term LNG?

LNG Short-term Trading

• What share of the market does it represent?
• Why are large volumes of LNG moving from the Atlantic Basin to Asia?
• What prices are Asian buyers paying?
• What are the prospects for short-term trading in the long-term?

WHAT'S ON - CLICK HERE TO DOWNLOAD THE BROCHURE

WHAT ARE THE LONG-TERM PROSPECTS FOR LNG?

08.00

REGISTRATION

08.45

OPENING REMARKS

12.45

INFORMAL NETWORKING LUNCH

13.45

AFTERNOON SESSION COMMENCES

16.30

END OF MASTER CLASS