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China's LNG Development: GD LNG Project Overview and Environmental Impact

This document outlines the GD LNG project in Guangdong, China, highlighting its significance in addressing environmental issues and energy demands. China ratified the Kyoto Protocol on August 30, aiming to reduce pollution levels. The GD LNG project will unfold in two phases, starting with a regasification terminal and a transmission pipeline. The project promises to enhance energy supply, catalyze economic growth, and contribute significantly to China's GDP and exports. Additional phases will expand capacity to meet growing energy needs.

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China's LNG Development: GD LNG Project Overview and Environmental Impact

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  1. andtransportation 1

  2. Environmental Issues 2

  3. China and the Environment • China approved the Kyoto Protocol on 30 August • Pollution levels: Total Suspended Particulates Paris – 14 Beijing – 377 Sydney – 54 Shanghai – 246 Kuala Lumpur – 85 Urumqi – 515 Bangkok – 223 Taiyuan – 568 Jakarta – 271 Lanzhou – 732 and it results in this: 3

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  6. GD LNG – Project Background Guangdong Province • Population of over 75 million • 10-15% growth per year for the last 10-15 years • Contributes about 10% of China’s GDP • Contributes about 38% of China’s total exports 6

  7. GD LNG – Project Background Project being developed in two phases • Phase 1: Regasification terminal and 300km of transmission pipeline in Guangdong and branch lines to Hong Kong • Phase 2: additional 2MMTPA volume and extension of trunkline around western side of Pearl River Delta Imports scheduled to commence in 2005 7

  8. GD LNG – Project Background • Feasibility Study Report to be submitted to the SDPC later this year • If FSR approved, JV Company will be formed 8

  9. GD LNG – Project Background ownership • CNOOC 33% • Shenzhen Investment Holding 14% • Guangdong Yuedian Power Assets 6% • Guangzhou Gas 6% • Dongguan Fuel Industrial 2.5% • Foshan Municipal Gas 2.5% • Hongkong Electric 3% • Hong Kong & China Gas 3% • BP 30% 9

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  11. GD LNG: Demand Side Phase I: 11 customers (~3.28 MMTPA): • HK Buyers (0.80 MMTPA) HongKong Electric (6 x 300 MW) Hong Kong & China Gas • PRC power generators (1.62 MMTPA) Dongbu (3 x 350 MW) Huizhou (3 x 350 MW) Qianwan (3 x 350 MW) Meishi (Oil-to-Gas Conversion) • PRC towngas (0.86 MMTPA) Dongguan, Foshan, Guangzhou, Nanhai, Shenzhen 11

  12. GD LNG: Demand Side Phase II • Increased take by Phase I customers • City gas customers on the east bank of the Pearl River Delta e.g. Zhuhai, Zhongshan, Jiangmen and Heshan • Additional oil-to-gas conversion power plants 12

  13. GD LNG: Supply Side • Supplier is Australia LNG • 25 year contract worth around US$13 billion • 3 MMTPA from NWS 4th train 13

  14. GD LNG: Supply Side Australia LNG 14

  15. GD LNG: Supply Side • CNOOC Ltd will acquire equity interest in the NWS • Creation of China LNG Joint Venture • Will own the LNG supplied to Guangdong, and associated condensates and LPGs • CNOOC Ltd offered 25% interest • Price of around US$320 million plus tariff for access to NWS infrastructure 15

  16. BHP BP Chevron MIMI Shell Woodside 12½% each CNOOC LTD NWS Partners 25% 75% China LNG JV China LNG

  17. GDLNG: Shipping • 2-3, 145,000 cu.m vessels • Vessels to be owned: • COSCO & China Merchants 40% • NWS 39% • Chinese owners 21% • Ship management company to be established: • COSCO & China Merchants 60% • NWS 40% 17

  18. China Merchants Cosco CCM JV Co Chinese Owners NWS 40% 21% 39% Vessels Hudong Zhonghua Shipbuilders Chantiers de l'Atlantique 60% 40% Ship Management Co GDLNG: Shipping

  19. GDLNG: Project Issues • Land • Consents • LNG Supply and Shipping • Downstream Gas Sales • Construction • Financing 19

  20. Future LNG Prospects • Guangdong Phase II • Fujian • Zhejiang? • Shanghai? • Jiangsu? • Shandong? 20

  21. Thank You

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