Developing Business through the LNG Value Chain

Developing Business through the LNG Value Chain ... Pluto 1,500–1,750 2012 15 years Ex-Ship, FOB 5.0 Gorgon 1,100 (2014) 25 years FOB 1.0...

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LNG Value Chain

Natural Gas Resource Development

As well as ensuring the stable procurement of gas resources, we aim to lower procurement prices in a bid to ensure fair prices in the Asian market. To achieve these goals, in addition to conventional large-scale projects we are pursuing unconventional sources of natural gas and actively taking various upstream interests.

Overseas MidDownstream Operations

To allow for flexible resource procurement and to ensure fair prices in the Asian market, we are leveraging both our power generation businesses centered on natural gas and our proprietary know-how and pushing forward with energy services projects.

Developing Business through the LNG Value Chain We aim to develop our business throughout the LNG value chain, maximizing value through linked business spanning the procurement and transportation of LNG, the production and supply of city gas, and the provision of energy solutions. Overview of Major Overseas Upstream Operations Annual contracted quantity (Thousands of tons)

Commencement of project

Duration

Contract type

1,000 1,500 –1,750 1,100

2006 2012 (2014)

17 years (–2022) 15 years 25 years

FOB Ex-Ship, FOB FOB

Queensland Curtis

1,200

(2014)

20 years

Ex-Ship

Ichthys Cordova Barnett

1,050

(2016)

15 years

FOB

3.07 5.0 1.0 1.25 (Upstream) 2.5 (Midstream) 1.575



Production





3.75



Production





25.0

Project

Darwin Pluto Gorgon

Upstream interest (%)

Darwin LNG Project

Belgium, T-Power Natural gas power project

(Tokyo Gas interest: 26.66%) Capacity 425 MW

Tokyo

Malaysia, Gas Malaysia Sdn. Bhd. City gas supply project (Tokyo Gas interest: 14.8%)

Vietnam Commissioned FEED project at LNG receiving terminal



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Tokyo Gas

Annual Report 2013

Major Overseas Upstream Operations Major Overseas Mid-Downstream Operations New LNG project Existing LNG project

Procurement and Transportation We import more than 12 million tons of LNG per year, based on long-term contracts through 11 projects in 6 countries, centered on politically stable regions. We strive to keep transportation costs down by using our own eight-tanker fleet efficiently to meet our own needs as well as by providing transportation for other companies.

Tokyo Gas LNG Imports by Country Thousands of tons

FY

Location

2010

2011

2012

Composition

Malaysia

4,479

4,479

4,409

(34.7%)

Australia

2,297

2,264

3,379

(26.6%)

Brunei

1,155

1,362

1,439

(11.3%)

843

1,011

835

(6.5%)

1,605

1,678

1,682

(13.2%)

Qatar

358

290

235

(1.9%)

Alaska

139





Other

440

826

734

(5.8%)

11,315

11,910

12,712

(100.0%)

Indonesia Russia

Total

A carrier Tokyo Gas manages directly



Mexico, MT Falcon Natural gas power generation (Tokyo Gas interest: 30%) Capacity 2,233 mw

Mexico, Bajio Natural gas power generation (Tokyo Gas interest: 49%) Capacity 601 mw

Brazil, Ecogen

Brazil, Malhas Project

Energy services project (Tokyo Gas interest: 10%)

Natural gas pipeline project (Tokyo Gas interest: 15%)

Tokyo Gas

Annual Report 2013

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LNG Value Chain

Production and Power Generation

Supply Tokyo Gas provides a stable supply of city gas via a pipeline network totaling 60,298 km (consolidated), centered on the Tokyo metropolitan area. Moving forward, we will extend our pipelines into regions of demand, promote earthquake preparedness measures, and build supply networks that are highly resistant to disaster.

With three plants in the Tokyo metropolitan area, our LNG storage and production facilities are some of the largest in the world. We are continuing to expand our production system to meet growing demand for city gas. We also operate highly efficient power generation facilities that employ leading-edge technology and feature reduced environmental impact. By fiscal 2020, we expect to increase our generation capacity of the current 2,000 MW to between 3,000 MW and 5,000 MW.

Power Generation Business

‌ Tokyo Gas Yokosuka Power Co., Ltd. 240 MW

Tokyo Gas Baypower Co., Ltd. 100 MW x 1 station

100 MW

Ohgishima Power Co., Ltd. 407 MW x 3 stations*

1,221 MW

Kawasaki ‌ Natural Gas Power Generation Co., Ltd.

Capacity Generation method

240 MW x 1 station

Combined cycle generation

Combined cycle generation

Combined cycle generation

Combined cycle generation

420 MW x 2 stations

Start of operation

2006

2003

Rollout of operations since commencement in 2010

2008

Tokyo Gas interest

75%

100%

75%

49%

* ‌Unit 3 is scheduled to start up operations in fiscal 2015.

Supply Networks Sodegaura LNG Terminal Import volume FY2012 Storage capacity Vaporization capability

Tokyo Gas supply area

4.942 million ton/year 1,610,000 kl 1,310 t/h

Ohgishima LNG Terminal Import volume FY2012 Storage capacity Vaporization capability

3.991 million ton/year 600,000 kl 1,115 t/h

Negishi LNG Terminal Import volume FY2012 Storage capacity Vaporization capability

3.058 million ton/year 1,155,000 kl 460 t/h

Hitachi LNG Terminal Scheduled to commence operations in FY2015 Storage 230,000 kl capacity Vaporization — capability Conceptual drawing of completed terminal

‌Tokyo Gas high-pressure transmission pipelines ‌Pipelines in which Tokyo Gas has invested ‌Other companies’ pipelines ‌Tokyo Gas high-pressure transmission pipelines under construction Tokyo Gas Group supply area ‌Supply areas of wholesale customers

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Tokyo Gas

Annual Report 2013

840 MW

Gas Sales and Service In the residential sector, spearheaded by Tokyo Gas LIFEVAL communitybased marketing systems, we are proposing lifestyle values based on gas. We are also working to promote “ENE-FARM” residential fuel cells and are supplying electricity. In the commercial and industrial sectors, we introduce cogeneration and air conditioning systems and promote fuel conversion from other sources. In these ways, we help to provide energy and contribute to reductions in CO2 emissions.

Gas Sales Volume

LNG tank lorries

“Ene-Farm” residential fuel cell

For wholesale use

For residential use

1,953 million m3

3,535 million m3



Hitachi LNG Terminal (Under construction)

13%



23%

Total

15,390 million m3 FY2012

For industrial use

For commercial use

7,055 million m3

2,847 million m3

Regenerative burner system

Cogeneration system



46%



18%

Ohgishima LNG Terminal

Negishi LNG Terminal

Sodegaura LNG Terminal

Tokyo Gas

Annual Report 2013

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