The New Role of JOGMEC in the LNG Business

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The New Role of JOGMECin the LNG Business

10th September, 2013Hirobumi Kawano

JOGMEC

Metals Strategy & Exploration, and

Technology Development

Mine Pollution Control

StockpilingOil & Gas UpstreamInvestment and

Research & Development

MissionSecuring Stable Supply of Oil, Natural Gas and Mineral Resources for Japanese Industries and Citizens

Japan Oil, Gas and Metals National Corporation (JOGMEC)Established: 　 February 29, 2004 [succeeded the functions of Japan National Oil Corporation(JNOC)]President: 　 Hirobumi KawanoCapital: 　 502 Billion Yen (As of March, 2013) = around 5.02Billion US$ (100US$/Yen)

Activities

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Coal Strategy & Exploration,

andTechnology Development

Geothermal Resources

Development(limited in Japan)

JOGMEC’s Activities

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Equity Capital (41)Liability Guarantee (13)

Tangguh LNG Project

Abadi LNG Project

PNG LNG Project

Wheatstone LNG Project

Rovuma Offshore Area

1 Project

Cordova Shale Gas Project

Cutbank Dawson Shale Gas Project

(As of August 31, 2013)

Ichthys LNG Project

Gas Projects

JOGMEC’s E&P Projects

Horn River, Cordova, Liard Shale Gas ProjectNorth Montney Shale

Gas Project

Increase of the asset value of the project• Cost reduction• Production increase

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4 projects in the west of Canada Joint study with Mitsubishi and Encana

JOGMEC’s Activities in Canada

Mitsubishi Corp.

Cordova Basin

Mitsubishi Corp.Cutbank

Dawson Land

INPEXHorn River, Cordova,

Liard

JAPEXNorth

Montney Land

• Core Analysis• Geomechanics• Seismic

Technological SupportFinancial Support

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Rovuma Offshore

Area1

Rovuma Offshore Area2 &

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2 projects offshore Mozambique Human resources development

JOGMEC’s Activities in Mozambique

• Workshops for the Steering Committee (Mozambican Gov’t) Lectures on LNG business

• Training courses in Japan Drilling management Reservoir engineering LNG engineering

P50:35-65Tcf

Technological SupportFinancial Support

(38 Mozambican peopleas of August 31, 2013)

6The first methane hydrate offshore production test in March, 2013

Methane Hydrate Offshore Production Test

　 BSR (MH concentrated zones are confirmed partially by detailed surveys)　 BSR (Characteristics of MH concentration are suggested in some areas)　 BSR (Characteristics of MH concentration are not recognized)　 BSR (Surveys are insufficient for the evaluation of MH)

Test site

Thank you for your attention.

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