Download - Eng PV Gas Challenge for Gas Balance
Ho Chi Minh, July 04 2012
CHALLENGES FOR BALANCING
GAS SUPPLY AND DEMAND
Vietnam gas Potential reserves: 691 BCM:
– Cuu Long basin: 98 BCM– Nam Con Son basin: 186 BCM– Malay – Tho Chu basin: 136
BCM– Song Hong basin: 271 BCM
Proved and commercial reserves:
358 BCM
Vietnam Gas Reserves
Source: PVN, PVGAS
Gas Development
Keys of Gas Play
Domestic Gas Value Chain
LPG Distributor
LPG Distributor
IndustrialIndustrial
CommercialCommercial
Condensate Blending Plant
Condensate Blending Plant
LPG TerminalLPG Terminal
Malay Tho Chu BasinMalay Tho Chu Basin
Nam Con Son BasinNam Con Son Basin
Power PlantsPower Plants
Fertilizer Plants
Fertilizer Plants
IndustrialIndustrial
CommercialCommercial
Cuu Long BasinCuu Long BasinPIPELINE GAS/CNG
Gas Processing PlantGas Processing Plant
LPG VesselLPG Vessel
Shouthern Gas System
Bach Ho – Dinh Co Pipeline:L:117 km, D:16”, C:2BCMA, in Operating
Nam Con Son 2 Pipeline:L:330 km, D:26”, C:7BCMA, Operation in 2014
Nam Con Son Basin
Cuu Long Basin
Malay – Tho Chu Basin
GPP DC
GDC PMPMPP
GDC CMCMPP
GDC OMOMPP
HPPP
Nam Con Son 1 Pipeline:L:370 km, D:26”, C:7BCMA, in Operating
PM3‐Ca Mau Pipeline:L:330 km, D:18”, C:2 BCMA, in Operating
South East‐South West Pipeline:L:140km, C:2BCMA, Operation after 2015
Block B‐Omon Pipeline:L:400 km, D:28‐30”, C:7 BCMA, Operation in 2015
Source: PVGAS
Gas Consumption & Market
Source: PVGAS
CHALLENGES FOR BALANCING GAS SUPPLY AND DEMAND
How to balance domestic gas supply and demand?
‐1.846
‐2.001
‐1.165
‐2.001
‐2.316
‐3.283
‐3.693
‐5.420
‐7.082
‐7.524
‐9.054
‐11.10
9
‐12.21
0
‐13.29
7
‐15.48
6
‐20.000
‐15.000
‐10.000
‐5.000
0.000
5.000
10.000
15.000
20.000
25.000
30.000
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
BCM
CUU LONG BASIN NAM CON SON BASIN MALAY‐THOCHU BASIN GAS SHORTAGE TOTAL SOUTHERN GAS DEMAND
Source: Forecast PVN, PVGAS
Vietnam will import LNG to support the market in 2 option:
–Option 1: Upgrade the existing Thi Vai terminal to import 1 MTPA from 2015 and can extend to 2 MTPA.
–Option 2: Invest a new terminal 3‐6 MTPA in Son My – Binh Thuan after 2018, supply gas to a new power complex and existing market
LNG Import Plan
Thi Vai terminal
Son My terminal
• Almost domestic gas volume is nominated by government at low price for power and fertilize production
• Power price in 2011: 6.2 cent/kWh; According to PDP7 the price will increase to 8‐9 cent/kWh in 2020
• Gas price and volume for industrial customers will increase to reach LNG price in 2014‐2015
• How is the market price for all customers when domestic gas production go down ?
Current energy priceThe barrier for LNG imported
Mixing price – How to control?
How to distribute LNG ?
Level 1 Terminal Imported LNG
LNG TrucksTerminal, Regasified Station supply to
users
Users
LNG
Pipeline
LNG Small Scale Vessel
Level 2 LNG Terminal
LNG
LNG
LNG
Dry Gas
Dry Gas
LNG
Dry Gas
Sơn MỹThị Vải
How to Develop the gas market in the North and Middle ?
• By Small Vessels:Capacity : 2000‐12000 m3Range of supply: max.2000 kmDistribution market: South West, Central and North Provinces.
• By Trucks: Capacity: 10T/15T/20TRange of supply: max. 200 kmDistribution market: South East and part of South Central.
For importing LNG into Vietnam
• Large finance to invest LNG terminals• Experience in LNG business: shipping management, operation and maintenance of LNG terminal
• LNG codes and standards• Safety regulations,…
Thank You for Attention !