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AIXGas-to-power
LNG imports and exports
Upstream assets
Monetisation strategies
Bankable projects
O�take agreements
A
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Meetings
Now in its fourth year, AIX: Gas focuses on bringingupstream and LNG players together with powersector and downstream developers and investors fora frank discussion on project opportunities andinvestment issues affecting the gas sector.
Held under the Chatham House Rule, limited to 150participants and structured around interactive panel-led sessions, AIX: Gas offers a unique opportunity toengage with a range of stakeholders along the Africangas value chain in a right-sized forum.
Africa Investment Exchange
AIX: GasDeveloping partnerships along the gas value chain
11-12 April 2018, RSA House, London
About us
2
Why RSA House?
We picked RSA House for itsunique combination of excellentconference facilities, break outspaces and private meetingrooms packaged together in avenue that provides a uniqueslice of London’s history.
A hidden gem in the heart ofLondon, and within a fewminutes walk of major transporthubs, hotels, theatres and someof London’s most famouslandmarks, RSA House wasdesigned by Robert Adam in theearly 1770s, and is the historichome of the Royal Society of Arts.
A famous centre forEnlightenment thinking, thebuilding has been theintellectual and social home ofsome of the greatest thinkersand social activists of the past200 years.
“I must tell you that I found thatAIX: Gas was again excellent, verywell prepared and nicelyconducted. The quality of guests,panellists and discussions wereawesome. I truly appreciated itand will come back next year forsure.”
Etienne Bourguignon, CommercialManager Sales for West andCentral Africa, Siemens Power &Gas
A unique perspectiveAs a consultant and publisher, CbI has been involved at the heart of thedebate surrounding the development of the energy sector in Africa foralmost 30 years.
CbI Meetings pairs the extensive regional expertise and source networkof CbI’s African Energy with a seasoned events team experienced inproducing high-level investment forums and dialogues across theAfrican continent.
As a consultant, CbI has a unique perspective when it comes tounderstanding the themes and topics that provide the foundations for avibrant conference agenda and the mix of project stakeholders requiredto create a lively and engaging panel-led discussion.
We are focused on producing meetings that create enduring dialoguesbetween development finance institutions and other establishedinvestment sources as well as non-traditional investors including, privateequity firms, venture capitalists, family offices, foundations, institutionalinvestors and impact investors.
Africa Investment Exchange (AIX) Gas is held under the Chatham HouseRule, structured around interactive panel-led sessions and limited to150 high-level participants.
Over the last four years, participants have used the two-days of AIX: Gasto hold private meetings with new and already established partners inconvenient break-out rooms at RSA House.
Gas development & commerce
A N G O L A
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FREETOWNCONAKRY
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NOUAKCHOTT
TRIPOLI
TUNISALGIERS
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DJIBOUTIVILLE
MASERU
BANJUL
MALABO
BUJUMBURA
PRAIA
DODOMA
JUBA
KIGALI
SÌO TOM�
WINDHOEK
MOGADISHU
MBABANE
Dar es Salaam
Abidjan
Idku
Arzew
Aswan
Skikda
Damietta
Marsa Al-Brega
Mellitah
Taba
Soyo
Mombasa
Beni Saf
KoudietDraouche El
Haouaria
Escravos
Cotonou
Aboadze
Oranjemund
Secunda
El Arish
Jorf Lasfar
Mtwara
Tema
Palma
Ghannouch
AinSokhna
ACCRA
LOM�
PORTO- NOVO
YAOUND�
Lagos
Ibadan
BeninCity
Pt.Harcourt
Punta Europa
OnitshaCotonouTema
Kumasi
Aboadze
Keta
GrandBassam Aba
Enugu
Warri
QuaIboe
Bonny
OlokolaFTZ
Escravos
Ajaokuta
Jacqueville
Abidjan
Richards Bay
Durban
Saldanha Bay
Cape Town Port ElizabethMossel Bay
ZeitBay
Benghazi
Tahaddart
LikongÕo
Walvis Bay
East London
Takoradi
Matola
Songon
Major gas fields and recentsignificant discoveries
Major gas pipelinefuture?
LNG liquefaction plantand export terminal
future?
LNG regasification plantand import terminal
future?
100
0
0
Kilometres
Miles
200
MAZARO DELVALLO, SICILY
ALMERêA,SPAIN
PIOMBINO, ITALYvia Sardinia
ASHKELON, ISRAEL
GELA,SICILY
JORDAN ¥ SYRIA ¥ TURKEY
SPAIN¥
PORTUGAL
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TRANS-SAHARANGAS PIPELINE
(TGSP) / NIGAL
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upgraderequired
ENRICO MATTEI / TRANSMED
HASSI RÕMEL
GASSI TOUIL
ILLIZIBASIN
GREENSTREAM
SKIKDALNG
(GL1-K,GL2-K)
ARZEW LNG(GL1-Z,GL2-Z) GALSI
ELNG SEGAS
UPPER EGYPT GAS PIPELINE
ARAB GASPIPELINE (AGP)
NILE DELTA
LOWER CONGO BASIN
MEDGAZ PEDRO DURAN FARRELL /GAZODUC MAGHREB EUROPE (GME)
SIRTEBASIN
KUDU
PANDE
GHADAMESBASIN
OFFSHORE RUVUMA/ ROVUMA BASIN
SONGO SONGO
GASSITOUIL LNG
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Gas imports
MORONI
WESTERNDESERT
BANDA
CHEWA, PWEZA
AKPO
DORO
BONGA
BRASS LNG:FID awaited
ORON
OSONLNG
NLNG:Six trains operating,awaiting FID on Train 7,Train 8 planned
OK LNG:Projecton hold
FSRU
FLNGELPS: Escravos-Lagos Pipeline SystemEWP: East-West PipelineOGGS: Offshore Gas Gathering SystemWAGP: West African Gas Pipeline
ELPS
FSRU
OGGS
SONAM EWP
(2017)
KRIBI
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TENSANKOFA
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GHANA 1000
TEMANE
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NG
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BERKINEBASIN
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MAMBAKOFI
SPA agreedwith BP to buyentire output
GoFLNG: 3 units(2018) (2019)
FLNG
Egyptian LNGimports beganin 2015
FSRU
DedicatedSongon IPPsupply FSRU (2018)
CI-GNL consortium
FSRU
FSRU
No exports since 2012
© African Energy 2017 (www.africa-energy.com)
EgyptÕs giant Zohr discovery looks set to transform the market,opening a new play and raising the prospect of a Mediterraneangas hub, with Egypt a ready market for new production, whetherfrom Egyptian, Israeli or Cypriot waters. The Zohr field is sosubstantial that not only could imports become unnecessary, butexport LNG projects could eventually come back on the agenda.
NORTH AFRICA: NEW PROSPECTS
The TSGP, running from Nigeria to Algeria, remainsa key Programme for Infrastructure Developmentin Africa (PIDA) project but little progress has beenmade. In late 2016 Morocco and Nigeria agreedto build a gas pipeline also going north. Basicdetails, including route, have yet to be unveiled.
TRANSPORTING GAS NORTHWARDS
The prospect of producing gas offshore Mauritania,Senegal and Ghana has added to the West CoastÕsfocus on GTP projects. Unreliable supply through theWAGP has led potential GTP consumers to examineFLNG and LPG-based solutions to import feedstock.Along the WAGP route, Ghana has proposed threeFSRU projects: Quantum Power and WAGL (Sahara/NNPC) have proposed developments at Tema (bothwith Golar); Endeavor Energy/GE have a project atTakoradi. Benin has plans for a FSRU in Cotonouharbour. In C�te dÕIvoire, Total has rights to build andoperate a 3m t/yr LNG regasification terminal. Cameroonand Equatorial Guinea plan FLNG schemes for export.
WEST AFRICA: GAS FOR POWER
Plans to develop NamibiaÕs Kudu and SouthAfricaÕs Ibhubesi offshore gas fields have beenpersistently delayed. LNG imports form part ofSouth AfricaÕs Gas to Power Programme, whichwill supply IPPs. The prospect of exports hasrevived output at AngolaÕs Soyo gas plant.
SOUTHERN AFRICA: STRANDED GAS
A final investment decision on CoralLNG, the first development (led byEni/ExxonMobil) tappingMozambiqueÕs world-scale offshorereserves is expected by end-2017.Gas will be exported to Asia in the2020s. Reflecting MozambiqueÕsgeography, LNG imports at Matola forGTP are being considered, as astopgap before Rovuma Basin gas canbe be transported south (by pipelineor FSRU) for domestic consumption.TanzaniaÕs major reserves could alsobe exported but decisions are proneto policy-related delays. A Chinese-built pipeline has expanded Tanzaniandomestic supply. Kenya is consideringfollowing the LNG import route, viaMombasa port, as is Mauritius, whereMauritius Ports Authority has retainedRoyal HaskoningDHV to study a PortLouis project.
EAST AFRICA:EXPORTS TO ASIA
The government has been developingan integrated plan to import up to10bcm to be landed at Jorf Lasfar andpiped to several new GTP plants. Thereare also prospects for more domesticoutput with an onshore developmentby Sound Energy and prospects foroffshore exploration.
MOROCCO:LNG IMPORT PLANS
FLNG: floating LNGFSRU: floating storage and regasification unit
Panellists at AIX: Gas 2018
4
Ezekiel Adesina Executive Secretary Africa Energy Study Group
Dafe Akpeneye Commissioner Nigerian Electricity Regulatory Commission
Jay Bhattacherjee Chief Executive Officer Aminex
Steve Brann Senior Investment Manager Vitol
Paul Eardley-Taylor Oil & Gas, Southern Africa Standard Bank
Roland Fisher Chief Executive Officer Gasfin Development
Zackarie Fortin‑Brazeau Business Development Manager Stolt-Nielsen
Tarik Hamane Executive Director and Moroccan Agency for Sustainable Energy Advisor to the Chairman (MASEN)
Steve Husbands Head of Commercial, Oil & Gas Advisory SLR
Chris Levell Managing Consultant Gas Strategies
Jon Marks Chairman CbI
Brian O’Hanlon Director of Business Development Overseas Private Investment Corporation
Kishan Pillay Director of Oil & Gas Department of Trade and IndustryIndustrial Development Division South Africa
Oliver Quinn Director – Exploration and Africa Ophir Energy
Pierre Raillard Director Africa OneLNG
John Smelcer Partner Webber Wentzel
John-Patrick Sweny Counsel Latham & Watkins
Helen Tarnoy Managing Director Aldwych International
Victor Tivane Director of Local Content ENH, Mozambique
Erik Wandrag Senior Transaction Advisor Power Africa
AIX: Gas
5
Wednesday 11 April
08h30 to 09h00 Registration & coffee
09h00 to 10h45
Africa Gas Outlook
Chair: Jon Marks, Chairman, Cross-borderInformation (CbI)
The opening session highlighting key trends, withexpert analysis and data from African Energy Livedata to kick off the discussion. Countries and issueswill include Cameroon, Egypt, Equatorial Guinea,Ghana, Mozambique, Nigeria, Senegal, South Africa,export/import potential with moderated debate on:
• LNG (and FLNG) export prospects around the continent.
• Domestic gas-to-power (GTP) schemes, from domestic resources and imports (including an overview of project prospects through to 2025).
• Regional pipelines, GTP transmission and other projects.
• Pricing issues – the domestic versus export sales debate: are they coming closer?
• Oil majors: re-examining their position in Africa’s natural gas market.
• Bringing upstream players, power developers, private equity and other backers closer together.
10h45 Coffee
11h15 to 12h30
The West African challenge
Many export and domestic Nigerian gas projectshave stalled, underlined by the chronic shortfalls ofsupply through the West African Gas Pipeline. Butthe region retains huge resources, a vibrant businessculture and major needs for power and revenues,which provide opportunities along the value chain.Panellists will focus on:
• Domestic markets: monetising upstream
developments or moving to FSRU (LNG import)
solutions for GTP – in Côte d’Ivoire, Ghana,
Nigeria and other markets.
• Working with Nigerian and other indigenous
upstream players.
• Developments in the deep offshore – including
the emerging Senegal-Mauritania (MSGB Basin)
play and potential markets.
• The Nigeria-Morocco pipeline and other mega-
plans. Is a much more interconnected industry
going to emerge?
12h30 Lunch at RSA House
Day one - Developing partnerships along the gas value chain
11-12 April 2018
6
13h30 to 14h45
Gas to market
Project stakeholders discuss the challenges ofdeveloping an indigenous gas industry that servesboth African and international markets.
• Upstream perspectives: barriers to commercialising Africa’s gas deposits
• Industrial developments: monetising gas for industry, domestic distribution and other purposes
• Regulatory changes and pricing issues facing the industry in different countries
• Feedstock gas for fertiliser production and other opportunities
• Prospects for future pipelines and LNG regasification terminals
• Developing an LNG supply industry that can compete in the international market
• Development finance institutions: what is their role in these developments
14h45 Coffee
15h15 to 16h30
Gas-to-power investment strategies
Project developers and their financiers seem keen tobuy into the continent’s fast-rising demand for GTPbut actual projects remain thin on the ground.
• Is it really a boom market? What does the project pipeline data tell us?
• Security of supply: sourcing fuel for powergeneration.
• A GTP independent power producer (IPP) case study – is it replicable?
• Sources of investment and instruments that can catalyse private investment (from multilaterals, government- owned DFIs, insurers and ECAs).
• Engaging with government: what do national and local administrations, and regulators want from a project? How does this align with what developersand financiers need to make projects work?
16h30 to 17h30
AfricaHardball™ – Political issues that weigh onAfrica’s gas industries
CbI’s AfricaHardball™ formula of hard-hitting debateon governance, security and other political issuessurrounding Africa’s energy issues is adapted to endDay 1 of AIX:Gas with a panel discussion on questionsthat should concern all stakeholders. It will comprise:
• Panel discussion on key political issues from governance in South Africa and Nigeria to localised discontent and working with diverse communities across the continent
• Local content and domestic supply obligations: how do policies compare?
• Questions of critical risks as perceived by the audience
Seeking out patterns, providing scenario-building,based on the input at Hardball and earlier discussions.
17h30 Evening Reception at RSA House
13h30 to 16h30
Breakout sessions
As the agendaevolves there will bean opportunity todevelop othersessions, such as aregional focus (CentralAfrica, North Africa);FSRU and floatingsolutions; andinvestment andtechnology risk.
AIX: Gas
7
Thursday 12 April
08h30 to 09h00 Morning coffee at RSA House
09h00 to 10h30
East and Southern Africa - What is realistic?
Leveraging the region’s huge natural resources todevelop industry, stimulate domestic growth as wellas supply regional and international markets.
Tanzania
• Policy focus: what impact has the government had on the country’s gas market
• Export market: prospects for LNG (conventional and FLNG)
• Domestic market: supplying industry and GTP projects
Mozambique
• Policy focus: update on the current policy environment
• Export market: prospects for LNG (conventional and FLNG)
• Domestic market: supplying industry and GTP projects
11h00
Coffee
11h30 to 13h00
Financing along the value chain
Securing investment in exploration and projectdevelopment.
• New business models and forms of partnerships emerging in the sector
• Raising financing and risk allocation for projects
• Trends in M&A activity and asset deals
• Private equity investment strategies
• Mitigating financial and operational risks
The potential for working with ‘new’ investor classes
• The possibility of tapping pension funds and sovereign wealth funds; equities investors (the JSE, LSE and others are reshaping their thinking on Africa); family offices and private investor classes that are taking an interest in Africa; and other institutional investors, from Africa50 to hedge funds.
14h00 to 15h30
LNG market developments
• LNG producers: assessing opportunities and risks innew markets
• Infrastructure: onshore terminal versus FSRU
• LNG for transport and industry: what is realistic?
• Small-scale LNG market: financing and implementing smaller scale floating projects
• Evolving LNG pricing mechanism and contract commitment
15h30 Coffee
15h30 to 16h45
LNG to power
Experience suggests it is difficult enough to reachfinancial close on either an IPP or an LNG importproject. Structuring, financing and co-ordinating theconstruction of an integrated LNG to power projecthas its potential benefits, but also creates significantadditional complexities.
Panellists will examine the legal and financialchallenges as well as look at lessons learned fromsuccessful projects in other countries.
End of AIX: Gas
Day two afternoon - Building an LNG value chainExamining the implication of falling LNG prices and growing supply availability for African markets; newtechnology and new projects being promoted; and the complexity of the LNG to power value chain.
Sponsorship options
8
For sponsorship enquiries contact: Nick Carn Tel: +44 (0)1424 721667 Email: [email protected]
Sponsorship Advanced options
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Full-page colour ad in the meeting book Lunch sponsor
Corporate literature in meeting bag Session sponsor
Prominent panel position Coffee break sponsor
Input on the agenda Exhibition space
3 additional passes for sponsor’s staff or guests
£7,000 excl UK VAT Contact us for a tailored package
Past AIX sponsors
Participants by industry
n UK
n Europe
n Africa
n North America
Participants by region
n Power developers
n Oil & gas companies
n Finance & investors
n Professional services
n Officials & regional bodies
Please register those listed below for AIX: Gas:
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Venue: RSA HouseDesigned in the early 1770s, RSA Houseis a famous centre for Enlightenmentthinking, the intellectual and socialhome of some of the greatest thinkersand social activists of the past 200 years.
8 John Adam Street, London WC2N6EZ.