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Subramanya BettadapuraIndustry Manager, Energy Practice, Frost & Sullivan
Natural Gas Opportunities in Asia Presented by the Latest Gas Development Projects and
Natural Gas Exploration and Development Activity in Asia
Discoveries and Major Gas Projects in Indonesia
Discoveries and Major Gas Projects in Malaysia
Discoveries and Major Gas Projects China
Discoveries and Major Gas Projects in Myanmar, Thailand and
Vietnam
Discoveries and Major Gas Projects in India, Pakistan and
Bangladesh
Other Countries
Table of Contents
Proved Gas Reserves (in Trillion Cubic Meters) in the Asia Pacific Region at the end of 2005
Introduction
TOTAL: 14.84 TCM Source: BP
Malaysia: 2.48
Indonesia: 2.76
China: 2.35
Bangladesh: 0.44
Australia: 2.52
India: 1.1Myanmar: 0.5
Brunei: 0.34
PNG: 0.43
Pakistan: 0.96
Thailand: 0.35
Vietnam: 0.24
1TCM=35.3TCF
• Gas Production between 2001 and 2005
Production Growth of select countries in Asia (2001 – 2005)
ASIA
Source: Data from BP Statistical Review
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
Pro
du
ctio
n (
BC
M)
2001
2002
2003
2004
2005
• Gas Consumption between 2001 and 2005
Consumption Growth of select countries in Asia (2001 – 2005)
ASIA
Source: Data from BP Statistical Review
0.010.020.030.040.050.060.070.080.090.0
Co
nsu
mp
tio
n (
BC
M)
2001
2002
2003
2004
2005
• Widening gap between consumption and production in Asia. Production in the region not increasing in tune with consumption. Thus, gas importing countries in Asia will have to rely on imports from other regions – Australia, Iran, Qatar and other gas surplus countries
Consumption versus Production Gap - Asia
ASIA
Note: Production and Consumption figures are for Asia only (not including Australia, New Zealand and Papua New Guinea)
Source: Data from BP Statistical Review
Between 2001 and 2005, consumption increased 32% across Asia. Production increased 31% during this period
0.0
50.0
100.0
150.0
200.0
250.0
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350.0
400.0
2001 2002 2003 2004 2005
Year
BC
M Production
Consumption
GAS EXPORTERS AND IMPORTERS - ASIA
Introduction
Source: Frost & Sullivan
INDIA – Potential major importer
INDONESIA
CHINA – Potential major importer
JAPAN – Largest Importer
S. KOREA – Major Importer
MYANMAR
BRUNEI
THAILAND
EXPORTER
IMPORTER
MALAYSIA
SINGAPORE
TAIWAN
• Strong Demand for LNG from Japan and South Korea
• Demand for LNG from China and India set to increase
• Proximity of Thailand to major gas exporters makes natural gas pipelines viable. Singapore connected to Malaysia and Indonesia through natural gas pipelines
• Increase in demand and new discoveries give a thrust for the completion of the other planned phases of the Trans-ASEAN Gas pipeline
• Both Thailand and Singapore exploring options to build LNG import terminals
• China, India, Pakistan, Philippines, Thailand and Vietnam – Domestic E&P programs to supplement imports and to meet increasing gas needs
Demand Side Trends
Exploration & Development
• Liquefaction costs are reducing making LNG more attractive. LNG emerges as a viable option for long distance transportation
• Australia, Russia, Iran, Qatar, Saudi Arabia, Oman and UAE – major global competitors for Asian Exporters
• Australia has supply contracts with Japan, South Korea and China.
GLOBAL COMPETITORS FOR ASIAN EXPORTERS
Global Competition
2008 to 2012 – Window of Opportunity to Lock-in Customers in the Asia-Pacific region?
Asia Pacific region is a sellers’ market at present and is expected to remain one till 2012 after which it is likely to transition to a buyers’ market. So, there is a window of opportunity for suppliers that opens in 2008 and closes four or five years later to lock in customers in the Asia-Pacific while there is a shortfall in supply
Development of new gas fields in Australia is being accelerated to start supply as early as 2008. Securing customers after 2012 is likely to be difficult because supply from plants in Qatar and Iran - which have reserves of 52.5 trillion cubic meters of gas, or 21 times the proven reserves in Australia – will start supplying to the market.
• Field Surveys
• Drilling equipment and services
• Well assessment
• Production Platforms supply
• Support and Maintenance services for Development projects