Russian LNG Projects: Reality and Prospects

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Release date: July 2007
Language: English
Volume: 75 pages, more than 40 graphs, maps and tables
Price: 950 EURO

The LNG market worldwide demonstrates continuous growth. In 2006 the number of LNG importing countries totaled 17, the figure that is expected to double by 2015. Currently under construction are 17 new LNG receiving terminals to add to the 59 already in operation.

With the increasing demand for LNG, Russia - the leading supplier of natural gas via pipelines in the world - is also vying to join the club of LNG exporters. First deliveries are scheduled to start in 2008 with the commissioning of the Sakhalin-2 LNG plant viewed as a stepping stone for further LNG production growth.

Russian LNG Projects: Reality and Prospects goes beyond the headlines and examines key factors and trends influencing further development of LNG market in Russia. The report addresses such questions as:

• What are the primary regions for LNG production in Russia?
• What factors facilitate or hamper the progress of Russian LNG projects?
• What are pros and cons of Shtokman LNG production?
• Are deliveries from Baltic LNG feasible?
• How vague is the future for LNG from Yamal?
• What lies behind Gazprom's LNG strategy?

Russian LNG Projects: Reality and Prospects is an important source of analysis for:

• gas trading companies
• gas producing companies
• LNG shipping companies
• service and equipment suppliers
• engineering and construction companies
• investment and banking institutions
• consultancies / financial advisors
• government institutions

Table of contents

• 1. Development of the world LNG market
• 1.1. History of LNG market development
• 1.2. Forecast of LNG market development
• 1.3. Cost decrease factor in the LNG value chain
• 2. Prerequisites of LNG production in Russia
• 3. LNG production on the basis of Shtokman gas condensate field
• 3.1. Background
• 3.2. The field in Gazprom's structure
• 3.3. Resourses
• 3.4. Technical concept
• 3.5. Risks of the project
• 3.6. Marketing
• 3.7. Status and prospects
• 3.8. SWOT analysis
• 4. The project for LNG production in the Leningrad Region (Baltic LNG)
• 4.1. Background
• 4.2. Resources
• 4.3. Technical concept
• 4.4. Business model
• 4.5. Economics of the project
• 4.6. Marketing
• 4.7. Risks of the project
• 4.8. Status and prospects
• 4.9. SWOT analysis
• 5. Sakhalin-2 project
• 5.1. Background
• 5.2. Gazprom's entry
• 5.3. Resources
• 5.4. Technical concept
• 5.5. Economics of the project
• 5.6. Marketing
• 5.7. Financing of the project
• 5.8. Risks of the project
• 5.9. Status and prospects
• 5.10. SWOT analysis
• 6. Kharasavey LNG
• 6.1. Background
• 6.2. Resources
• 6.3. Technical concept
• 6.4. Economics of the project
• 6.5. Risks of the project
• 6.6. Status and prospects
• 6.7. SWOT analysis
• 7. South Tambey LNG
• 7.1. Background
• 7.2. Gazprom enters the project
• 7.3. Resources
• 7.4. Technical concept of the LNG project
• 7.5. Economics of the project
• 7.6. Risks of the project
• 7.7. Status and prospects
• 7.8. SWOT analysis

Charts

• Chart 1.1. Growth of the world demand for LNG (bcm)
• Chart 1.2. Growth of LNG supply in the world (bcm)
• Chart 1.3. Growth in the importance of Middle East supply (bcm)
• Chart 1.4. Balance of demand and supply in the Atlantic Region (million tons per year)
• Chart 1.5. Balance of demand and supply in the APR (million tons per year)
• Chart 1.6. Construction cost for LNG plants in 1980s and 1990s
• Chart 1.7. Cost of LNG plants construction based on EPC-contracts ($/tpa)
• Chart 1.8. LNG train completions by EPC contractors
• Chart 1.9. LNG carrier new-build price for a 125,000-cubic meter vessel between 1992 and 2000 (million dollars)
• Chart 1.10. Delivered price of ex-Lake Charles plant gate
• Chart 2.1. Relationship between prices for LNG and pipeline gas (dollars per million BTU)
• Chart 2.2. Comparisons of delivered costs of Russian pipeline (incl. export duty) to Europe vs. LNG (dollars per million BTU)
• Chart 2.3. Licensing of gas reserves to subsoil users in Russia (tcm)
• Chart 3.1. The proven reserves of oil and gas at Shtokman Field (SGCF) and 5 contending companies on the short list for participation in the project (bboe)
• Chart 3.2. Profile of gas production on the field with a volume of 90 bcm up to
• Chart 5.1. Shares in Sakhalin Energy before negotiations with Gazprom (%)
• Chart 5.2. Oil production under the Sakhalin-2 project (thousand tons)
• Chart 5.3. Comparison of average LNG DES prices in the markets of the Sakhalin-2 project and weighted average prices cost plus Sakhalin-2 (dollars per million BTU)
• Chart 6.1. Reserves of the Kharasavey field (%)
• Chart 6.2. Production profile of Kharasavey field (bcm)
• Chart 7.1. Reserves of South Tambey field (%)

Maps

• Map 2.1 Prospective regions of LNG production in Russia
• Map 3.1. The project for development of Shtokman field and for export of LNG and pipeline gas via Nord Stream pipeline
• Map 3.2. Map of the gas flow in the Atlantic part of the USA and regional prices compared to Henry Hub (dollars per million BTU)
• Map 4.1. Deliveries of gas to the Baltic LNG plant from the Unified Gas Supply System
• Map 5.1. Sakhalin-2 project
• Map 6.1. Kharasavey gas condensate field in the Yamal peninsula
• Map 6.2. Layout of the Kharasavey port
• Map 7.1. South Tambey oil and gas condensate field in the Yamal Peninsula

Tables

• Table 1.1. LNG suppliers' reserves of gas, including prospective ones, 2005 (tcm)
• Table 2.1. Optimistic assessment of the outlook for pipeline export of gas. (bcm)
• Table 3.1. Distances between the major centers of LNG production and consumption (nautical miles)
• Table 3.2. Cost plus FOB prices at the outlet of the Shtokman LNG plant(dollars per million BTU)
• Table 3.3. The most attractive terminals for LNG deliveries from Russia
• Table 4.1. Cost plus FOB prices at the outlet of the Baltic LNG plant(dollars per million BTU)
• Table 4.2. Possible supplies on the Atlantic market's terminals from the Baltic LNG (bcm)
• Table 4.3. Comparative analysis of LNG deliveries to the USA and the UK via Baltic LNG plant, supply of gas to Germany via Nord Stream pipeline, and distribution of gas in Russia (dollars per million BTU)
• Table 5.1. Cost plus FOB prices at the outlet of the Sakhalin Energy LNG plant (dollars per million BTU)
• Table 5.2. Distances between the major centers of LNG production and consumption (nautical miles)
• Table 5.3. LNG delivery contracts by Sakhalin Energy company
• Table 6.1. Kharasavey LNG: allocation of capital investments (million dollars)

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