Abstract
Europe LNG Industry to 2012 Investment Opportunities, Analysis and Forecasts
of All Active and Planned Liquefaction and Regasification Terminals in
Europe
Summary
This profile is the essential source for top-level industry data and
information relating to LNG in Europe. It provides asset level information
relating to the LNG terminals in Europe . The profiles of the major companies
operating in the LNG sector are also included in the report. The latest news
and deals pertaining to the sector are also provided and analyzed.
Scope
・ Updated information relating to all key active and planned liquefaction and
regasification terminals in Europe
・ Provides key information on
historical and forecast capacity of LNG terminals
・ Details operators and
equity partners of each terminal and the changes in the operator and equity
partners since 2000
・ Includes information relating to the terminal start
date, location and the storage capacity of LNG terminals
・ Information on
the top LNG companies including business description, strategic analysis, and
financial information.
・ Product and brand updates, strategy changes, R&D
projects, corporate expansions and contractions and regulatory changes.
・
Key mergers and acquisitions, partnerships, private equity and venture capital
investments, and IPOs.
Reasons to buy
・ Obtain the most up to date information available on all active and planned
liquefaction and regasification terminals in Europe
・ Identify growth
segments and opportunities in European LNG industry.
・ Facilitate market
analysis and forecasting of future industry trends.
・ Facilitate decision
making on the basis of strong historical and forecast capacity data
・
Assess your competitor' s LNG assets
・ Understand and respond to your
competitors business structure, strategy and prospects.
・ Develop
strategies based on the latest operational, financial, and regulatory events.
・ Do deals with an understanding of how competitors are financed, and the
mergers and partnerships that have shaped the market.
・ Identify and
analyze the strengths and weaknesses of the leading companies in Europe.
Table of Contents
1 Table of Contents 2
1.1 List of Tables 10
1.2 List of Figures 12
2 Introduction 13
2.1 What is This Report About? 13
2.2 How to Use
This Report? 13
2.3 Market Definition 13
3 Europe LNG Industry 14
3.1 Europe LNG Industry, Key Data 14
3.2 Europe LNG Industry: Key Trends,
Drivers, and Challenges 14
3.2.1 Europe LNG Industry: Major Trends 15
3.2.2 Europe LNG Industry: Key Drivers 15
3.2.3 Europe LNG Industry: Major
Challenges 16
3.3 Europe LNG Industry, Liquefaction 17
3.3.1 Europe
LNG Industry, Liquefaction, Total Capacity 17
3.3.2 Europe LNG Industry,
Norway 19
3.3.3 Europe LNG Industry, Russian Federation 19
3.4 Europe
LNG Industry, Regasification 20
3.4.1 Europe LNG Industry, Regasification,
Total Capacity 20
3.4.2 Europe LNG Industry, Spain 22
3.4.3 Europe LNG
Industry, The United Kingdom 23
3.4.4 Europe LNG Industry, France 24
3.4.5 Europe LNG Industry, Turkey 24
3.4.6 Europe LNG Industry, Italy
25
3.4.7 Europe LNG Industry, Portugal 25
3.4.8 Europe LNG Industry,
Belgium 26
3.4.9 Europe LNG Industry, Greece 26
4 Gaz de France 27
4.1 Gaz de France, Key Information 27
4.2 Gaz de France, Company Overview
27
4.3 Gaz de France, Business Description 27
4.3.1 Gaz de France,
Business Description, Overview 27
4.4 Gaz de France, Europe LNG Operations
29
4.4.1 Gaz de France, Europe LNG Operations, Key Data 29
4.4.2 Gaz
de France, Europe LNG Operations, Liquefaction 30
4.4.3 Gaz de France,
Europe LNG Operations, Regasification 31
5 Sonatrach 34
5.1 Sonatrach,
Key Information 34
5.2 Sonatrach, Company Overview 34
5.3 Sonatrach,
Business Description 34
5.3.1 Sonatrach, Business Description, Overview
34
5.3.2 Sonatrach, Business Description, Downstream 35
5.3.3
Sonatrach, Business Description, Marketing 35
5.3.4 Sonatrach, Business
Description, Pipeline Transportation 36
5.3.5 Sonatrach, Business
Description, Upstream 37
5.4 Sonatrach, SWOT Analysis 38
5.4.1
Sonatrach, SWOT Analysis, Overview 38
5.4.2 Sonatrach, SWOT Analysis,
Strengths 38
5.4.3 Sonatrach, SWOT Analysis, Weaknesses 39
5.4.4
Sonatrach, SWOT Analysis, Opportunities 39
5.4.5 Sonatrach, SWOT Analysis,
Threats 39
5.5 Sonatrach, Europe LNG Operations 40
5.5.1 Sonatrach,
Europe LNG Operations, Key Data 40
5.5.2 Sonatrach, Europe LNG Operations,
Liquefaction 40
5.5.3 Sonatrach, Europe LNG Operations, Regasification
41
5.6 Sonatrach, Financial and Operational Review 43
5.7 Sonatrach,
Key Industry Specific Ratios 44
6 Repsol YPF, S.A. 45
6.1 Repsol YPF,
S.A., Key Information 45
6.2 Repsol YPF, S.A., Company Overview 45
6.3
Repsol YPF, S.A., Business Description 45
6.3.1 Repsol YPF, S.A., Business
Description, Overview 45
6.3.2 Repsol YPF, S.A., Business Description,
Chemicals 46
6.3.3 Repsol YPF, S.A., Business Description, Exploration and
Production 47
6.3.4 Repsol YPF, S.A., Business Description, Gas and
Electricity 48
6.3.5 Repsol YPF, S.A., Business Description, Refining and
Marketing 48
6.4 Repsol YPF, S.A., Value Chain Analysis 50
6.4.1
Repsol YPF, S.A., Value Chain Analysis, Upstream 50
6.4.2 Repsol YPF,
S.A., Value Chain Analysis, Midstream 51
6.4.3 Repsol YPF, S.A., Value
Chain Analysis, Downstream 51
6.4.4 Repsol YPF, S.A., Value Chain
Analysis, Retail 52
6.5 Repsol YPF, S.A., SWOT Analysis 53
6.5.1
Repsol YPF, S.A., SWOT Analysis, Overview 53
6.5.2 Repsol YPF, S.A., SWOT
Analysis, Strengths 53
6.5.3 Repsol YPF, S.A., SWOT Analysis, Weaknesses
54
6.5.4 Repsol YPF, S.A., SWOT Analysis, Opportunities 55
6.5.5
Repsol YPF, S.A., SWOT Analysis, Threats 57
6.6 Repsol YPF, S.A., Europe
LNG Operations 58
6.6.1 Repsol YPF, S.A., Europe LNG Operations, Key Data
58
6.6.2 Repsol YPF, S.A., Europe LNG Operations, Liquefaction 58
6.6.3 Repsol YPF, S.A., Europe LNG Operations, Regasification 59
6.7
Repsol YPF, S.A., Revenue Analysis 60
6.7.1 Repsol YPF, S.A., Revenue by
Segment 60
6.7.2 Repsol YPF, S.A., Revenue by Geography 61
6.8 Repsol
YPF, S.A., Financial and Operational Review 62
6.9 Repsol YPF, S.A., Key
Industry Specific Ratios 64
7 Total S.A. 65
7.1 Total S.A., Key
Information 65
7.2 Total S.A., Company Overview 65
7.3 Total S.A.,
Business Description 66
7.3.1 Total S.A., Business Description, Overview
66
7.3.2 Total S.A., Business Description, Upstream Segment 66
7.3.3
Total S.A., Business Description, Downstream Segment 67
7.3.4 Total S.A.,
Business Description, Chemicals Segment 69
7.4 Total S.A., Value Chain
Analysis 70
7.4.1 Total S.A., Value Chain Analysis, Upstream Sector 70
7.4.2 Total S.A., Value Chain Analysis, Midstream Sector 71
7.4.3 Total
S.A., Value Chain Analysis, Downstream Sector 71
7.4.4 Total S.A., Value
Chain Analysis, Retail Sector 72
7.5 Total S.A., SWOT Analysis 73
7.5.1 Total S.A., SWOT Analysis, Overview 73
7.5.2 Total S.A., SWOT
Analysis, Strengths 74
7.5.3 Total S.A., SWOT Analysis, Weakness 75
7.5.4 Total S.A., SWOT Analysis, Opportunities 75
7.5.5 Total S.A., SWOT
Analysis, Threats 76
7.6 Total S.A., Europe LNG Operations 77
7.6.1
Total S.A., Europe LNG Operations, Key Data 77
7.6.2 Total S.A., Europe
LNG Operations, Liquefaction 78
7.6.3 Total S.A., Europe LNG Operations,
Regasification 79
7.7 Total S.A., Revenue Analysis 81
7.7.1 Total
S.A., Revenue by Segment 81
7.7.2 Total S.A., Revenue by Geography 82
7.8 Total S.A., Financial and Operational Review 84
7.9 Total S.A., Key
Industry Specific Ratios 86
8 Suez Energy International 87
8.1 Suez
Energy International, Key Information 87
8.2 Suez Energy International,
Company Overview 87
8.3 Suez Energy International, Business Description
87
8.3.1 Suez Energy International, Business Description, Overview 87
8.4 Suez Energy International, Europe LNG Operations 89
8.4.1 Suez Energy
International, Europe LNG Operations, Key Data 89
8.4.2 Suez Energy
International, Europe LNG Operations, Liquefaction 89
8.4.3 Suez Energy
International, Europe LNG Operations, Regasification 90
10 Europe LNG
Industry, Deals Landscape 92
10.1 Acquisition 92
10.1.1 Total Sells
10% Interest in Interconnector (UK) Limited To Caisse de Depot et Placement du
Quebec 92
10.1.2 Transalpina di Energia Acquires Majority Stake In Edison
From Italenergia 93
10.1.3 BG Group Acquires Brindisi LNG 96
10.2
Private Equity 97
10.2.1 Carlyle And Riverstone Invest In 4Gas 97
10.3
Debt Offerings 98
10.3.1 Royal Vopak Completes Private Placement Of $375
million 98
10.3.2 Edison Completes Private Placement Of $619.7 Million
100
10.3.3 Edison Completes $880.6 Million Private Placement Of Bonds
101
10.3.4 Total Prices Debt Offering Of $1,463.01 Million 102
10.3.5
Total Capital Prices Debt Offerig Of $150 Million 103
10.4 Partnership
104
10.4.1 Essent And ConocoPhillips Forms Joint Venture 104
10.4.2
Vopak North China Forms Joint Venture With Cosco Logistics 106
10.4.3
Exmar Forms Joint Venture With Golar 107
10.4.4 K Line Partners With
Statoil ASA 108
10.4.5 BG Group Enters Into A Joint Venture With Petroplus
110
10.4.6 Iberdrola Forms Joint Venture With Union Fenosa And Endesa
111
10.5 Asset Transactions 113
10.5.1 OMV Gas International, DONG
Energy And Essent Each Acquires 5% Interest in Gate Terminal From Nederlandse
Gasunie And Royal Vopak 113
10.5.2 Enel Acquires 50% Interest In Brindisi
LNG Project From BG Group 115
11 Europe LNG Industry, Recent Developments
117
11.1 License Awards 117
11.1.1 Jul 04, 2008: QGC Receives Approval
For LNG Project 117
11.1.2 Jun 28, 2008: Economic Affairs Minister Gives
Go-Ahead To Construct Netherland' s First LNG Terminal 118
11.1.3 Jun 25,
2008: Gas Natural Wins Approval To Construct LNG Terminal At Trieste 119
11.1.4 Jun 23, 2008: 4Gas Files Permit Applications For Development Of LNG
Terminal Near Bordeaux, France 119
11.1.5 Jun 12, 2008: PDA Approves LNG
Terminal Project 119
11.1.6 Jun 11, 2008: MapleLNG Project Receives
Approval From UARB 120
11.2 Strategy and Business Expansion 120
11.2.1
Sep 04, 2008: E.ON Plans To Receive 15% Of Gas Supplies From LNG In Medium
Term 120
11.2.2 Jul 29, 2008: GDF-Suez, DEPA Signs LNG Cooperation
Agreement 121
11.2.3 Jul 23, 2008: Sonatrach Rejects Petrofac-IKPT Bid To
Construct Gassi Touil LNG Plant 121
11.2.4 Jul 18, 2008: Gas Natural Signs
LNG Agreement With Gazprom 121
11.2.5 Jul 10, 2008: Total To Quit Iran' s
South Pars Gas Field 122
11.2.6 Jul 03, 2008: Eni Begins Functional
Separation For Its Gas Subsidiaries 122
11.2.7 Jun 30, 2008: Gaz de
France, PowerGas To Jointly Build And Operate Singapore' s First LNG Terminal
123
11.2.8 Jun 26, 2008: Shell To Construct Floating LNG Terminal 123
11.2.9 Jun 25, 2008: Enel And Hoegh LNG To Jointly Develop LNG FPSO 123
11.2.10 Jun 20, 2008: PDVSA Plans To Build Three LNG Trains 124
11.2.11
Jun 17, 2008: Flex LNG, Mitsubishi And Peak To Develop Nigeria LNG Project
124
11.2.12 Jun 17, 2008: ExxonMobil Offers Gazprom A Role In BlueOcean
LNG Terminal 124
11.2.13 Jun 11, 2008: Rift Signs HOA With Flex LNG For
Floating Liquefaction Project, Offshore PNG 125
11.3 Drilling and
Production Updates 125
11.3.1 Jul 11, 2008: StatoilHydro Restarts LNG
Production From Snohvit Field 125
11.3.2 Jul 01, 2008: QGC Updates On
Interim Proved, Probable And Possible Reserves 126
11.4 Financial
Announcements 126
11.4.1 Aug 29, 2008: Total Reports 2H 2008 Results
126
11.4.2 Aug 01, 2008: Total Reports 2Q 2008 Results 128
11.4.3 Aug
01, 2008: Enel Reports 1H 2008 Results 129
11.4.4 Jul 31, 2008: Shell
Declares Quarterly Dividend 131
11.4.5 Jul 31, 2008: Shell Reports 2Q 2008
Results 131
11.4.6 Jul 31, 2008: Repsol Reports 1H 2008 Results 132
11.4.7 Jul 31, 2008: Eni Declares 2Q 2008 Results 134
11.4.8 Jul 29, 2008:
Snam Rete Declares 2Q 2008 Results 135
11.4.9 Jul 29, 2008: BP Reports 2Q
2008 results 136
11.4.10 Jul 29, 2008: Enagas Reports 1H 2008 Results
137
11.4.11 Jul 28, 2008: Endesa Reports 1H 2008 Results 139
11.4.12
Jul 28, 2008: Edison Reports 1H 2008 Results 141
11.4.13 Jul 24, 2008: BG
Group Reports 2Q 2008 Results 142
11.4.14 Jul 24, 2008: BG Group Declares
Interim Dividend 145
11.5 Other Significant Developments 146
11.5.1
Sep 09, 2008: National Grid Appoints New EVP, Regulatory Affairs 146
11.5.2 Sep 04, 2008: Total Appoints Vice President 146
11.5.3 Sep 04,
2008: Total To Sign LNG Deal With China By 2008 Year-End 146
11.5.4 Aug
07, 2008: Gazprom Signs Contract To Purchase LNG From ADGAS 147
11.5.5 Jul
31, 2008: Eni Appoints New COO 147
11.5.6 Jul 29, 2008: Enagas Expects To
Sign EUR1 Billion Loan 147
11.5.7 Jul 28, 2008: Gas Natural Seeks
Additional LNG From Qatargas 147
11.5.8 Jul 25, 2008: A.P. Moller Appoints
Head Of Group Finance 148
11.5.9 Jul 16, 2008: Eni To Appeal Ruling On
Pieve Vergonte Site 148
11.5.10 Jul 15, 2008: QGC, BG Group Award Contract
To Bechtel For LNG Plant In Australia 148
11.5.11 Jul 11, 2008: Spice
Energy To Import LNG From Indonesia At Its Haldia Terminal 149
11.5.12 Jul
10, 2008: Italy Updates LNG Terminal Tariffs 149
11.5.13 Jul 08, 2008: BG
Group Appoints Non-Executive Director 150
11.5.14 Jul 07, 2008: BP To Sue
Russian Partners In TNK-BP 150
11.5.15 Jul 04, 2008: Repsol Subsdiary
Appoints Chairman 151
11.5.16 Jul 01, 2008: INPEX To Decide On Where To
Process Ichthys Gas 151
11.5.17 Jun 30, 2008: Iberdrola Signs $100 Million
LNG Supply Contract With Gasnor 152
11.5.18 Jun 30, 2008: Eni Announces
Management Changes 152
11.5.19 Jun 27, 2008: Peru LNG Project Receives IFC
Funds 152
11.5.20 Jun 25, 2008: Edipower Announces Management Changes
153
11.5.21 Jun 25, 2008: Peru LNG Project Receives IADB Funds 153
11.5.22 Jun 24, 2008: Gazprom To Invite Korea, Japan Partners For Gas Projects
153
11.5.23 Jun 20, 2008: API Seeks Approval For Offshore LNG Terminal
154
11.5.24 Jun 18, 2008: Enel Appoints CEO 154
11.5.25 Jun 17, 2008:
Yemen LNG Secures Financing, Sales Contracts 155
11.5.26 Jun 16, 2008:
Total And CNOOC Signs MoU To Supply LNG To China 155
11.5.27 Jun 16, 2008:
Sakhalin Energy Secures $5.3 Billion In Project Financing 156
11.5.28 Jun
12, 2008: BP And ConocoPhillips Appoint President For Denali Gas Line Project
156
11.5.29 Jun 11, 2008: Enel Appoints New Board Members 156
11.5.30
Jun 11, 2008: Eni Re-Appoints CEO 156
11.6 New Contracts Announcements
157
11.6.1 Jul 14, 2008: Petrofac, IKPT To Construct Algerian LNG Plant
157
11.6.2 Jul 11, 2008: Kanfa Signs LoI With Samsung For FLNG Production
157
11.6.3 Jul 10, 2008: Mustang Provides Concept Study For Sunrise Gas
Development Project 157
11.6.4 Jul 09, 2008: Flex LNG And Samsung Sign LoI
To Enter Into EPCIC Contract For LNG Production Topside 158
11.6.5 Jul 04,
2008: Petrobras To Consider SBM For Brazil Contracts 158
11.6.6 Jun 25,
2008: Saipem Wins EUR580 Million Worth Two Onshore Contracts In Kuwait And
Angola 159
11.6.7 Jun 20, 2008: BGLT Signs Agreement With CAPCO For LNG
Supply To Hong Kong 159
11.6.8 Jun 17, 2008: Foster Wheeler Wins
Engineering Contract For LNG Regasification Terminal In Poland 160
12
Appendix 161
12.1 Methodology 161
12.1.1 Coverage 161
12.1.2
Secondary Research 162
12.1.3 Primary Research 162
12.1.4 Expert Panel
Validation 163
12.2 Units of Measure 163
12.3 Contact Us 163
12.4
About Global Markets Direct 164
12.5 Disclaimer 164
1.1 List of
Tables
Table 1: Europe, LNG Key Statistics, 2007 14
Table 2: Europe,
Liquefaction Capacity Country-wise (Million Tonnes), 2000-2012 17
Table 3:
Europe, Liquefaction Capacity in Norway (Million Tonnes), 2000-2012 19
Table 4: Europe, Liquefaction Capacity in Russian Federation (Million Tonnes),
2000-2012 19
Table 5: Europe, Regasification Capacity Country-wise (Bcf),
2000-2012 20
Table 6: Europe, Regasification Capacity in Spain (Bcf),
2000-2012 22
Table 7: Europe, Regasification Capacity in The United
Kingdom (Bcf), 2000-2012 23
Table 8: Europe, Regasification Capacity in
France (Bcf), 2000-2012 24
Table 9: Europe, Regasification Capacity in
Turkey (Bcf), 2000-2012 24
Table 10: Europe, Regasification Capacity in
Italy (Bcf), 2000-2012 25
Table 11: Europe, Regasification Capacity in
Portugal (Bcf), 2000-2012 25
Table 12: Europe, Regasification Capacity in
Belgium (Bcf), 2000-2012 26
Table 13: Europe, Regasification Capacity in
Greece (Bcf), 2000-2012 26
Table 14: Gaz de France,Key Facts 27
Table 15: Gaz de France, LNG Key Statistics, 2007 29
Table 16: Gaz de
France, Liquefaction Capacity Country-Wise (Million Tonnes), 2000-2012 30
Table 17: Gaz de France, Liquefaction Capacity In Norway (Million Tonnes),
2000-2012 31
Table 18: Gaz de France, Regasification Capacity Country-Wise
(Bcf), 2000-2012 31
Table 19: Gaz de France, Regasification Capacity In
France (Bcf), 2000-2012 32
Table 20: Sonatrach,Key Facts, 2005 34
Table 21: Sonatrach, SWOT Analysis, 2006 38
Table 22: Sonatrach, LNG
Key Statistics, 2007 40
Table 23: Sonatrach, Regasification Capacity
Country-Wise (Bcf), 2000-2012 41
Table 24: Sonatrach, Regasification
Capacity In Spain (Bcf), 2000-2012 42
Table 25: Sonatrach Financial
and Operational Overview, 2005-2001 43
Table 26: Sonatrach Key
Industry-specific Ratios, 2005-2001 44
Table 27: Repsol YPF, S.A.,Key
Facts, 2006 45
Table 28: Repsol YPF, S.A., SWOT Analysis,, 2006 53
Table 29: Repsol Ypf, S.A., LNG Key Statistics, 2007 58
Table 30: Repsol
YPF, S.A., Regasification Capacity Country-Wise (Bcf), 2000-2012 59
Table
31: Repsol YPF, S.A., Regasification Capacity In Spain (Bcf), 2000-2012 60
Table 32: Repsol YPF, S.A. Financial and Operational Overview, 2006-2002
62
Table 33: Repsol YPF, S.A. Financial and Operational Overview,
2006-2002 63
Table 34: Repsol YPF, S.A. Key Industry-specific Ratios,
2006-2002 64
Table 35: Total S.A., Key Facts, 2006 65
Table 36:
Total S.A., SWOT Analysis,, 2006 73
Table 37: Total S.A., LNG Key
Statistics, 2007 77
Table 38: Total S.A., Liquefaction Capacity
Country-Wise (Million Tonnes), 2000-2012 78
Table 39: Total S.A.,
Liquefaction Capacity In Norway (Million Tonnes), 2000-2012 79
Table 40:
Total S.A., Regasification Capacity Country-Wise (Bcf), 2000-2012 79
Table
41: Total S.A., Regasification Capacity In United Kingdom (Bcf), 2000-2012
80
Table 42: Total S.A., Regasification Capacity In France (Bcf),
2000-2012 81
Table 43 : Total S.A., Revenue by Segment, INR Million,
2005-2006 82
Table 44: Total S.A., Revenue by Geography, INR Million,
2005-2006 83
Table 45: Total S.A., Financial and Operational Overview,
2002-2006 84
Table 46: Total S.A., Financial and Operational Overview,
2002-2006 85
Table 47: TOTAL S.A. Key Industry-specific Ratios,
2006-2002 86
Table 48: SUEZ Energy International, Key Facts 87
Table 49: Suez Energy International, LNG Key Statistics, 2007 89
Table 50:
SUEZ Energy International, Regasification Capacity Country-Wise (Bcf),
2000-2012 90
Table 51: SUEZ Energy International, Regasification Capacity
In Belgium (Bcf), 2000-2012 91
1.2 List of Figures
Figure 1:
Europe, Liquefaction Capacity Country-wise (Million Tonnes), 2000-2012 18
Figure 2: Europe, Regasification Capacity Country-wise (Bcf), 2000-2012 21
Figure 3: Gaz de France, Liquefaction Capacity Country-Wise (Million Tonnes),
2000-2012 30
Figure 4: Gaz de France, Regasification Capacity Country-Wise
(Bcf), 2000-2012 32
Figure 5: Sonatrach, Regasification Capacity
Country-Wise (Bcf), 2000-2012 41
Figure 6: Repsol YPF, S.A., Value Chain
Analysis 50
Figure 7: Repsol YPF, S.A., Regasification Capacity
Country-Wise (Bcf), 2000-2012 59
Figure 8: Total S.A., Value Chain
Analysis 70
Figure 9: Total S.A., Liquefaction Capacity Country-Wise
(Million Tonnes), 2000-2012 78
Figure 10: Total S.A., Regasification
Capacity Country-Wise (Bcf), 2000-2012 80
Figure 11: SUEZ Energy
International, Regasification Capacity Country-Wise (Bcf), 2000-2012 90
Figure 12: Global Markets Direct Methodology 161
