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Natural gas market and its pricing in japan,korea

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Natural gas market and its pricing in japan,korea

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Natural gas market and its pricing in japan,korea

  1. 1. NATURAL GAS MARKET AND ITS PRICING IN JAPAN,KOREA & TAIWAN RUHILIN NASSER. NURSUHAILE AHMAD. ZULFIQAR ROSNAN
  2. 2. NATURAL GAS MARKET OVERVIEW
  3. 3. Overview • Japan is the world's largest liquefied natural gas (LNG) importer • Second-largest importer of coal behind China. • Third-largest net importer of crude oil and oil products in the world behind the United States and China. • Japan has limited domestic energy resources that have met less than 9% of the country's total primary energy use since 2012.
  4. 4. Gas Demand
  5. 5. Gas Import Dependency • Japanese gas demand is mainly supplied by imports in the form of LNG. • Natural gas supply sources to the country are widely diversified. • In 2012, Australia was the largest supplier, representing 20% of total imports. Qatar (17%), Malaysia (16%), Russia (10%) and Brunei (7%) are other key gas supply sources for Japan.
  6. 6. Gas Supply Infrastructure - Pipelines • Japan has no cross-border gas pipelines. Total gas pipeline length accounts for 249 786 km through the country. • Around 86% of gas pipelines are low-pressure grids for local distribution, while only 14% are for high pressure (4 772 km). • Although there are around 43 main interconnection points between areas, the trunk line networks are not necessarily connected to each other as they have developed separately around LNG terminals. • There is no single operator of the national transmission system in the country, as the trunk line networks are not necessarily connected each other. Each industry (mainly electricity utilities and city gas companies) owns and operates its gas pipelines.
  7. 7. NATURAL GAS PRICING JAPAN
  8. 8. NG pricing • The import price for Japan remained in a $ 15-16 /MMBtu range in 2014, though the prices declining • LNG import value increased further due to the weakening yen • The import price in 2016 is forecast to fall to around $ 10/MMBtu due to crude oil price drops.
  9. 9. Majority sales conduct by major company • There is about 209 gas-based companies across Japan. • 70% of all domestics gas are conducted by this 4 major companies : • Osaka gas • Tokyo gas • Toho gas • Saibu gas
  10. 10. Natural Gas Market Overview
  11. 11. Overview South Korea was the world's 9th largest energy consumer in 2014, the 5th largest importer of crude oil, the 3rd largest importer of coal, the 2nd largest importer of liquefied natural gas (LNG) after Japan
  12. 12. Total Primary Energy Consumption has no international oil or natural gas pipelines relies exclusively on tanker shipments of LNG and crude oil petroleum and other liquids, accounted 39%  trend is attributed to the steady increase in natural gas, coal, and nuclear energy consumption which has reduced oil use in the power sector and the industrial sector
  13. 13. Natural Gas Consumption consumed an estimated 1.7 trillion cubic feet (Tcf) Power generators used more coal and nuclear power starting in 2014 as nuclear facilities returned to service following a shutdown because of safety problems and as coal prices dropped
  14. 14. Sector Organization • Korea Gas Corporation (KOGAS) dominates South Korea’s wholesale natural gas sector, and the company is the largest single LNG importer in the world. • n the upstream sector, KOGAS has focused primarily on overseas LNG liquefaction projects, while the KNOC has handled most exploration and production-related activities.
  15. 15. Liquefied Natural Gas imported 1.8 Tcf of LNG, which was 15% of the global LNG trade Almost two-thirds of 2014 LNG imports came from Qatar, Indonesia, Malaysia, and Oman Indonesia was South Korea’s first source of LNG
  16. 16. Application of LNG was first imported as an alternative energy source for power generation in 1986. decided to supply natural gas to the general public to meet the growing needs of clean energy. In 2010. the share of gas used in the power generation will shrink to about 38.6 %, while the share of city gas will grow up to 61.4 % of the total gas demand. mostly used for heating and cooking
  17. 17. Natural Gas Pricing Korea
  18. 18. LNG Prices South Korea's LNG import prices averaged $678.52/mt ($13.05/MMBtu) in March 2015
  19. 19. Natural Gas Market in Taiwan • Taiwan was the world’s fifth largest importer of LNG, with imports sourced mainly from Indonesia and Malaysia under long term (20 year) contract. • The state owned Chinese Petroleum Corporation (CPC) currently controls all aspects of natural gas supply in Taiwan, including exploration, production, imports and wholesale sales.
  20. 20. Natural Gas Market in Taiwan
  21. 21. Natural Gas Market in Taiwan
  22. 22. Natural Gas Market in Taiwan
  23. 23. Natural Gas Market in Taiwan
  24. 24. Natural Gas Market in Taiwan
  25. 25. Natural Gas Market in Taiwan
  26. 26. LNG PRICING TAIWAN

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