Gas Monetization Options for Turkmenistan Prepared for: TGC 2014 May 2014 Potential Gas Uses Energy Uses Electricity Generation Natural Gas Processing Facility Industrial Fuel Domestic Fuel (heating, cooking etc.) Transport Fuel (CNG) Methane Chemical Uses Ammonia Methanol C2, NGLs Petrochemicals May 2014 1 Gas Use by Sector and by Region Europe Middle East Feedstock Other 3% 1% Feedstock 12% Power 34% Residential & Commercial 36% Industrial 26% Residential & Commercial 13% Other 1% Power 39% Industrial 35% May 2014 2 Gas to Power: 1980-2012 Power: Total Gas Use and Share of Global Consumption 1500 40% 40% 40% Billion cubic metres 1200 39% 39% 39% 39% 40% 39% 900 352% 34% 600 25% 300 0 22% Gas consumption for electricity generation continues to increase steadily Combined Cycle Gas Turbines are increasingly the technology of choice for electricity generation Capital and operating costs are lower than alternative fuels Development flexibility Environmentally-friendly 1980 1985 1990 1995 2000 2005 2006 2007 2008 2009 2010 2011 2012 May 2014 3 What other opportunities are there? LNG – alternative method to transport natural gas; requires open sea port access GTL – can produce diesel or feedstocks for chemical production Methanol – simple to implement and demand in the market; increased use into gasoline (MTBE and direct blending) Ammonia/urea – integration with urea is most cost-effective, urea can be easily shipped May 2014 4 Investment Options Proven Gas Reserves (TCF) 10000.0 1000.0 100.0 10.0 LNG GTL 1.0 Methanol Ammonia 0.1 Local Power 0.0 Client May 2014 5 Investment Options Gas Requirements Gas reserves (TCF) LNG GTL Bubble area matched to production volume Methanol Ammonia Investment cost – billion dollars May 2014 6 Developments in the region RUSSIA Ammonia-urea fertilizers Petrochemicals Market NORTH EAST EUROPE KAZAKHSTAN Fertilizers Petrochemicals Gas reinjection AZERBAIJAN Plans to develop Garadag petrochemical & refinery complex UZBEKISTAN Fertilizers Petrochemicals GTL Market Mediterranean Market CHINA/SOUTH EAST ASIA TURKMENISTAN IRAN Has a lot of gas and petrochemical units. Thawing of sanctions? May 2014 7 Nexant, Inc. 1 King’s Arms Yard, London, EC2R 7AF “This presentation was prepared by Nexant Limited (“Nexant”). Except where specifically stated otherwise in the presentation, the information contained herein was prepared on the basis of information that is publicly available and has not been independently verified or otherwise examined to determine its accuracy, completeness or financial feasibility. Neither NEXANT, nor any person acting on behalf of NEXANT assumes any liabilities with respect to the use of or for damages resulting from the use of any information contained in this presentation. NEXANT does not represent or warrant that any assumed conditions will come to pass. This presentation is integral and must be read in its entirety. Telephone: +44 20 7950 1600 Facsimile: +44 20 7950 1550 The presentation is given on the understanding that the recipient will maintain the contents confidential except for internal use. The presentation should not be reproduced, distributed or used without first obtaining prior written consent by NEXANT. This presentation may not be relied upon by others. www.nexant.com This notice must accompany every copy of this presentation.” San Francisco New York Houston Washington London Frankfurt Bahrain Singapore Bangkok Shanghai Kuala Lumpur
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