Papua New Guinea LNG Strategy Analysis and Outlook to 2020- Capacity, Trade, Price, Contracts, Expenditure, Competition, New Project, Demand, Supply Trends and Forecasts

Report Summary

Papua New Guinea LNG Strategy Analysis and Outlook to 2020- Capacity, Trade, Price, Contracts, Expenditure, Competition, New Project, Demand, Supply Trends and Forecasts" is a detailed and complete analyzer of Papua New Guinea LNG markets.

The research work provides key LNG operational and growth strategies, business opportunities, trends, drivers and challenges in the Papua New Guinea industry. The industry is compared with its peer markets of Australia, Brunei, Indonesia and Malaysia through SWOT, benchmarking and positioning matrix tools.

The report provides profound analysis and complete data on each segment of Papua New Guinea LNG value chain including source fields, connecting pipelines, liquefaction plants, trains, storage tanks, jetty and LNG carriers for all the existing and planned LNG terminals in Papua New Guinea.

The research work provides historical and forecasted liquefaction and storage capacity information of all existing and planned terminals between 2000 and 2020. For each LNG terminal, location, operator, trains, technology, ownership, capital investments and construction information are provided. In addition, the report provides the current status of all planned projects including construction, capital investments and feasibility details.

Detailed analysis of Papua New Guinea Trade Pattern including information on monthly LNG trade movements, monthly LNG prices and revenues for 2010 is provided. In addition, annual LNG exports by import country are also provided between 2000 and 2010. All the existing and planned contract agreements (SPA/ HOA/MOUs) signed by Papua New Guinea LNG companies are detailed. Further, spare/ available LNG capacity in the country to 2020 is provided.

The report forecasts LNG trade from 2000 to 2020. It also forecasts natural gas supply- demand along with liquefaction, contracted and storage capacities to 2020. Further, Papua New Guinea LNG capital expenditure is forecasted to 2015.

Papua New Guinea market structure and competitive landscape is clearly described with supporting data on market shares of each company. LNG operations, strategies, business and financial overview of three major LNG producers in the country including InterOil Corporation, Exxon Mobil Corporation and Oil Search Limited are analyzed in detail.

Scope

• Papua New Guinea LNG strategies, SWOT analysis, growth prospects, benchmarking and positioning matrix for comparison with Brunei, Indonesia, Malaysia and Australia markets
• All latest trends and major drivers, issues of investing and contracting with Papua New Guinea LNG exporters
• Historic and forecasted liquefaction, storage, LNG contracted and spare capacities, liquefaction trains and storage tanks to 2020 for all existing and planned terminals
• Papua New Guinea LNG trade forecast along with natural gas supply and demand to 2020
• Monthly LNG trade, LNG export price and LNG revenue data by importing country between January 2010 and December 2010 along with annual data from 2000 to 2010
• All active and planned Sales and Purchase agreements (SPAs) along with purchaser, quantity, duration and delivery details
• Terminal wise location, operator, ownership, start up, technology, construction, capex information and associated fields and tankers
• Papua New Guinea LNG Market Structure, company wise liquefaction capacity information from 2000 to 2020
• Business profiles and LNG strategies of three LNG majors in the industry including InterOil Corporation, Exxon Mobil Corporation, Oil Search Limited are provided
• Latest mergers, acquisitions, contract announcements, trade agreements, terminal expansions and all related news
• An illustrative map of all the existing and planned LNG terminals

Reasons to Purchase

• Make strategic decisions using our in-depth analysis and outlook data on liquefaction capacities, LNG trade and natural gas
• Identify latest trends, drivers and challenges of operating in the industry
• Evaluate pros and cons of investing or contracting in the country's LNG market as compared to its peer markets
• Enhance your strategy formulation through analytical tools including SWOT analysis, Peer benchmarking and positioning matrix
• Get complete understanding of future LNG markets amidst current uncertain demand conditions
• Formulate best pricing strategies using the monthly export price information of the country
• Compare your strategies with the leading LNG companies' mid term and long term strategies
• Evaluate planned projects using our feasibility analysis of planned projects and capital investment
• Make merger and acquisition decisions using market share information and latest news section

1 Table of Contents 4

1.1 List of Tables 8
1.2 List of Figures 10

2 Papua New Guinea Industry Overview 11
2.1 Papua New Guinea LNG Industry Brief, 2011 11
2.1.1 Liquefaction Capacity 11
2.1.2 LNG Sales 11
2.1.3 Spare LNG Capacity available for Contracts 11
2.1.4 Total LNG Revenue 11
2.1.5 Average LNG Export Price 11
2.1.6 Top Importers of Papua New Guinea LNG 11
2.1.7 LNG Terminals under Operation 11
2.1.8 LNG Terminals Planned/ under Construction 12
2.1.9 Natural Gas Production 12
2.1.10 Natural Gas Consumption 12
2.1.11 Natural Gas Reserves 12
2.1.12 Industry Concentration Ratio 12
2.1.13 Market Leader 12
2.2 Papua New Guinea LNG Market Description 13
2.3 Papua New Guinea LNG Export Terminals Map 14

3 Strategy Analysis of Papua New Guinea LNG Markets 15
3.1 Papua New Guinea LNG Strategies 15
3.2 Papua New Guinea LNG SWOT Analysis 17
3.2.1 Papua New Guinea LNG Market- Key Strengths 17
3.2.2 Papua New Guinea LNG Market- Key Weaknesses 18
3.2.3 Papua New Guinea LNG Market- Key Opportunities 19
3.2.4 Papua New Guinea LNG Market- Key Threats 19
3.3 Papua New Guinea Benchmarking with Other Asia Pacificn LNG Exporters 20
3.3.1 Asia Pacific LNG Markets Benchmarking- Overall Ranking 21
3.3.2 Asia Pacific LNG Markets Benchmarking- Supply Index 22
3.3.3 Asia Pacific LNG Markets Benchmarking- Capacity Index 23
3.3.4 Asia Pacific LNG Markets Benchmarking- Operational Index 24
3.4 Papua New Guinea LNG Positioning matrix 25

4 Papua New Guinea LNG Trends and Outlook to 2020 26
4.1 Latest Papua New Guinea LNG Market Trends 26
4.2 Key Factors Driving Papua New Guinea LNG Industry to 2020 27
4.3 Liquefaction Capacity Forecasts, 2000- 2020 28
4.4 LNG Trade Forecast, 2000-2020 30
4.5 Contracted and Non- Contracted Capacity Forecasts, 2000- 2020 32

5 Papua New Guinea Natural Gas Market Outlook 34
5.1 Papua New Guinea Proven Natural Gas Reserves, 2000-2010 34
5.1.1 Major Natural Gas Fields in Papua New Guinea 34
5.1.2 Comparison of Papua New Guinea Proven Gas Reserves 34
5.1.3 Papua New Guinea Proven Gas Reserve Volume, 2000- 2010 35
5.2 Papua New Guinea Natural Gas Production Forecast, 2000-2020 36
5.2.1 Papua New Guinea Natural Gas Production Trends 36
5.2.2 Papua New Guinea Natural Gas Production Outlook to 2020 37
5.3 Papua New Guinea Natural Gas Demand Forecast, 2000-2020 38
5.3.1 Papua New Guinea Primary Energy Consumption by Fuel 38
5.3.2 Papua New Guinea Natural Gas Consumption Trends 38
5.3.3 Papua New Guinea Natural Gas Consumption Outlook to 2020 40

6 Analysis of Papua New Guinea Operational and Planned LNG Terminals 41
6.1 Location, Operator, Ownership, Start Up, Construction, Technology, Capex and Current Status Details by Terminal, 2011 41
6.2 Papua New Guinea Liquefaction Capacity by Terminal, 2000-2020 42
6.3 Papua New Guinea Liquefaction Train Details by Terminal, 2000-2020 43
6.4 Papua New Guinea Source Field Details by Terminal 44
6.5 Papua New Guinea LNG Carrier Details by Terminal 45
6.6 Papua New Guinea LNG Storage Capacity by Terminal, 2000-2020 46
6.7 Papua New Guinea LNG Storage Tank Details by Terminal, 2000-2020 47

7 Papua New Guinea Monthly LNG Export Trade Pattern and Pricing Analysis, 2010 48
7.1 Annual LNG Trade Quantities by Importing Country, 2000-2010 48
7.2 Monthly LNG Trade Quantities by Importing Country, January 2010- December 2010 49
7.3 Monthly LNG Export Prices by Importing Country, January 2010- December 2010 51
7.4 Monthly LNG Export Revenues by Importing Country, January 2010- December 2010 53

8 Papua New Guinea Long and Medium Term LNG Contract Details, 2000-2020 55
8.1 Geographical Analysis of LNG Supply Contracts, 2011- 2020 55
8.2 Terminal wise Contracted Vs. Available Capacity, 2000- 2020 56
8.3 Existing LNG Supply Contract Details by Terminal 58
8.4 Announced/ Planned LNG Supply Contract Details by Terminal 59

9 Analysis of Planned LNG Projects in Papua New Guinea 60
9.1 Current Status of Planned LNG Terminals 60
9.2 Planned LNG Terminals- Capital Expenditure 60
9.3 Planned LNG Terminals- Location, Operator, Ownership and Technology 61
9.4 Planned LNG Terminals- Fields, Tankers and Other Infrastructure 61
9.5 Planned LNG Terminals- Long and Medium term Supply Contracts 62
9.6 Planned Expansions of Existing LNG Terminals 63

10 Papua New Guinea LNG Markets, Competitive Scenario 64
10.1 LNG Strategies of Major Papua New Guinean Operators 64
10.2 Papua New Guinea LNG Market Structure, 2011 66
10.3 Papua New Guinea LNG Companies Benchmarking, 2011 67
10.4 Papua New Guinea, Company wise LNG Export Capacity, 2000-2020 70
10.5 Papua New Guinea Company wise Planned Capital Expenditure 71

11 Analysis of Key LNG Companies in Papua New Guinea 72
11.1 InterOil Corporation 72
11.1.1 InterOil Corporation- Overview 72
11.1.2 InterOil Corporation- Business Description 73
11.1.3 InterOil Corporation- LNG Strategies 75
11.1.4 InterOil Corporation- LNG Operations 76
11.1.5 InterOil Corporation- SWOT Analysis 77
11.1.6 InterOil Corporation- Contact Information 79
11.2 Exxon Mobil Corporation 80
11.2.1 Exxon Mobil Corporation- Overview 80
11.2.2 Exxon Mobil Corporation- Business Description 81
11.2.3 Exxon Mobil Corporation- LNG Strategies 83
11.2.4 Exxon Mobil Corporation- LNG Operations 84
11.2.5 Exxon Mobil Corporation- SWOT Analysis 86
11.2.6 Exxon Mobil Corporation- Contact Information 88
11.3 Oil Search Limited 89
11.3.1 Oil Search Limited- Overview 89
11.3.2 Oil Search Limited- Business Description 90
11.3.3 Oil Search Limited- LNG Strategies 92
11.3.4 Oil Search Limited- LNG Operations 93
11.3.5 Oil Search Limited- SWOT Analysis 95
11.3.6 Oil Search Limited- Contact Information 97

12 Latest Developments in Papua New Guinea LNG Industry 98

13 Appendix 116
13.1 Introduction to LNG 116
13.1.1 Widening Scope of LNG Globally 116
13.1.2 LNG Versus Pipeline Transport 117
13.2 Global LNG Markets Overview, 2011 118
13.3 LNG Conversion Factors 119
13.4 Definitions 119
13.5 About the Publisher 120
13.6 Sources and Methodology 120
13.7 Contact Information 121
13.8 Disclaimer 121

List of Tables

Table 1: Asia Pacific LNG Markets- Country Benchmarking 21
Table 2: Asia Pacific Natural Gas Reserves and Production by Country, 2010 22
Table 3: Asia Pacific Operational and Planned LNG Capacity by Country, 2011-2015 23
Table 4: Asia Pacific LNG Utilization Rates, 2010 24
Table 5: Papua New Guinea LNG Export Capacity Outlook, 2000- 2020 28
Table 6: Papua New Guinea LNG Trade Volume Outlook, 2000- 2020 30
Table 7: Papua New Guinea LNG Contracted Capacity Outlook, 2000- 2020 32
Table 8: Papua New Guinea Proven Natural Gas Reserves, 2000-2010 35
Table 9: Papua New Guinea, Marketed Natural Gas Production Forecast, 2000- 2020 37
Table 10: Papua New Guinea Natural Gas Consumption Forecast, 2000-2020 40
Table 11: Papua New Guinea Existing and Planned LNG Terminal Details, 2011 41
Table 12: Papua New Guinea LNG Export Capacity by Terminal, 2000- 2020 42
Table 13: Papua New Guinea Liquefaction Train Size and Count by Terminal, 2000- 2020 43
Table 14: Papua New Guinea LNG Feed Gas Supply Fields by Terminal, 2011 44
Table 15: Papua New Guinea LNG Shipping Tankers by Terminal, 2011 45
Table 16: Papua New Guinea LNG Storage Capacity by Terminal, 2000- 2020 46
Table 17: Papua New Guinea LNG Storage Tanks by Terminal, 2000- 2020 47
Table 18: Papua New Guinea Annual LNG Trade Quantities by Importer, 2000- 2010 48
Table 19: Papua New Guinea Monthly LNG Trade Quantities by Importer, January 2010- December 2010 49
Table 20: Papua New Guinea Average Monthly LNG Prices by Importer, January 2010- December 2010 51
Table 21: Papua New Guinea Monthly LNG Revenues by Importer, January 2010- December 2010 53
Table 22: Papua New Guinea LNG Supply Contract Volumes by Country, 2011- 2020 55
Table 23: Terminal wise Contracted LNG Volumes, 2011- 2020 56
Table 24: Terminal wise Non- Contracted (Available) LNG Volumes, 2011- 2020 57
Table 25: Buyer, Market, Contract Volume, Duration, Delivery Type Details of Existing Contracts by Terminal, 2011 58
Table 26: Buyer, Market, Contract Volume, Duration, Delivery Type Details of Planned Contracts by Terminal, 2011 59
Table 27: Papua New Guinea, Planned LNG Capital Expenditure by Terminal, 2011-2020 60
Table 28: Papua New Guinea, Planned LNG Terminal Details (Location, Operator, Ownership and Technology) 61
Table 29: Papua New Guinea, Planned LNG Terminal Details (Source Fields, Tankers, Infrastructure) 61
Table 30: Buyer, Market, Contract Volume, Duration, Delivery Type Details of Contracts by Planned Terminals, 2011 62
Table 31: Papua New Guinea LNG Capacity Expansions of Planned Terminals 63
Table 32: Papua New Guinea LNG Companies Benchmarking (Capacity Index) 67
Table 33: Papua New Guinea LNG Companies Benchmarking (Revenue Index) 68
Table 34: Papua New Guinea LNG Companies Benchmarking (Investment Index) 69
Table 35: Papua New Guinea Weighted LNG Capacity by Company, 2000- 2020 70
Table 36: Papua New Guinea Company wise Planned Capital Investments, 2011- 2015 71
Table 37: InterOil Corporation- Top Level Information 72
Table 38: InterOil Corporation Existing and Planned LNG Operations by Country, 2011 76
Table 39: InterOil Corporation Weighted LNG Export Capacity by Terminal, 2000-2015 76
Table 40: Repsol YPF- Top Level Information 80
Table 41: Repsol YPF Existing and Planned LNG Operations by Country, 2011 84
Table 42: Repsol YPF Weighted LNG Export Capacity by Terminal, 2000-2015 84
Table 43: Oil Search Limited- Top Level Information 89
Table 44: Oil Search Limited Existing and Planned LNG Operations by Country, 2011 93
Table 45: Oil Search Limited Weighted LNG Export Capacity by Terminal, 2000-2015 93
Table 46: Natural Gas (NG) and Liquefied Natural Gas (LNG) Conversion Factors 119

List of Figures

Figure 1: Papua New Guinea LNG Export Terminals Map 14
Figure 2: Papua New Guinea LNG Positioning Matrix 25
Figure 3: Papua New Guinea LNG Export Capacity Outlook, 2000- 2020 28
Figure 4: Papua New Guinea LNG Trade Volume Outlook, 2000- 2020 30
Figure 5: Papua New Guinea LNG Contracted Capacity Outlook, 2000- 2020 32
Figure 6: Papua New Guinea Natural Gas Reserves Comparison, 2010 34
Figure 7: Papua New Guinea Proven Natural Gas Reserves, 2000-2010 35
Figure 8: Papua New Guinea, Marketed Natural Gas Production Forecast, 2000- 2020 37
Figure 9: Papua New Guinea, Primary Energy Consumption by Fuel (%), 2010 38
Figure 10: Papua New Guinea Natural Gas Consumption Forecast, 2000-2020 40
Figure 11: Papua New Guinea Annual LNG Trade Quantities, 2000-2010 48
Figure 12: Papua New Guinea Monthly LNG Trade Quantities, January 2010- December 2010 49
Figure 13: Papua New Guinea Average Monthly LNG Prices, January 2010- December 2010 51
Figure 14: Papua New Guinea Monthly LNG Export Revenues, January 2010- December 2010 53
Figure 15: Papua New Guinea LNG Supply Contract Volumes by Country, 2011 55
Figure 16: Papua New Guinea LNG Market Shares by Companies, 2011 66
Figure 17: Papua New Guinea Weighted LNG Capacity by Company, 2000- 2020 70