Slide 1: Fueling Growth, Empowering Delivery
Fueling Growth, Empowering Delivery Briefing to Analysts on Keppel’s Gas Strategy 3 July 2017 1
Slide 2: Disclaimer
Disclaimer This release may contain forward-looking statements which are subject to risks and uncertainties that could cause actual results to differ materially from such statements. Such risks and uncertainties include industry and economic conditions, competition, and legal, governmental and regul
Slide 3: The Keppel Group
The Keppel Group Keppel meets the world’s sustainable urbanisation needs through key businesses in Offshore & Marine, Property, Infrastructure and Investments Offshore & Marine Property Infrastructure Investments • Rig design • Property development • Energy & • Asset management & construction enviro
Slide 4: The Shift Towards Gas
The Shift Towards Gas World’s Energy Mix 2014 2040 United States China Other Asia India China India EU United States OECD Asia OECD Asia OECD Asia Coal United States Coal United States Other Asia 3,926 4,140 Middle East Middle East India Russia China Middle East Middle East Total China Total Oil Gas
Slide 5: Natural Gas: Energy for the Future
Natural Gas: Energy for the Future ABUNDANT SUSTAINABLE TRANSPORTABLE TRADABLE • 85% of world’s gas • 60% less carbon • Liquefaction reduces • 1959: 1st LNG ship resources remain compared to coal gas volume by 600x. untapped2 • Share of LNG in gas trade: • 20% less carbon • Cryogenic boiling 2000: 2
Slide 6: Global Gas Outlook
Global Gas Outlook New market drivers are emerging on the back of strong consumption growth. Sourcing for alternatives pipeline gas and coal remains a fundamental theme. 2016 : 265MTPA TRADED, VOLUMES TO DOUBLE BY 2030 Policymakers increasingly choose Gas • China plans significant additional gas dem
Slide 7: Global Gas Outlook
Global Gas Outlook Slow down in LNG projects amidst low oil price and high cost environment will pressure supply, while changing landscape presents new challenges and opportunities. 2016 : ONLY 2 FIDs TOTALING 6.3MTPA Qatar Hiatus Australia US Market tightness expected over next decade • Capital inv
Slide 8: Keppel's Milestones in LNG
Keppel’s Milestones in LNG Venturing into Small-scale LNG 2017 • Building series of small-scale LNG carriers • Completed world’s 1st FLNG conversion Moving into LNG as a marine fuel 2016 • Keppel-Shell JV won Singapore bunkering licence • Implementing LNG Supply chain Expanding solutions 2015 • Set
Slide 9: Keppel's Gas Value Chain
Keppel’s Gas Value Chain Integrating the gas value chain and providing solutions for the seamless delivery of LNG from end to end. 9
Slide 10: Empowering Gas Delivery
Empowering Gas Delivery Keppel is positioned to meet emerging trends in the gas market with a suite of innovative solutions catering to the entire value chain. Upstream Midstream Downstream Gas to LNG to LNG to Gas to Gas as LNG Users Gas Power Fuel Conventional LNG Liquefaction FSRU | FSU | FRU | F
Slide 11: Liquefaction
Liquefaction Head start with Golar Hilli Gas to LNG LNG to Users LNG to Gas Gas to Power Gas as Fuel • Achieved FID at low oil prices • Established upstream & midstream partners, offtake from oil major FLNG • Replicable, scalable solution for further offshore Examples of Stranded Gas Fields FLNGs ar
Slide 12: Conventional LNG to Power
Conventional LNG to Power Keppel’s Track Record Gas to LNG LNG to Users LNG to Gas Gas to Power Gas as Fuel • World’s leader in FSRU, FSU Conversions • One-stop EPC solutions provider FSRU, FSU and Powerships • Collaboration with Moss Maritime for regasification solution Existing & Planned FSRU proj
Slide 13: Small Scale LNG to Power
Small Scale LNG to Power Integrating and enabling end-to-end solutions Gas to LNG LNG to Users LNG to Gas Gas to Power Gas as Fuel • Ability to stitch up value chain with key partners to meet demand for small-scale LNG Carriers, FSRUs, ORUs, Power Barges LNG markets • Proprietary ship and regasifica
Slide 14: LNG for Transport
LNG for Transport Total Solutions Provider Gas to LNG LNG to Users LNG to Gas Gas to Power Gas as Fuel • Keppel is implementing a reliable LNG bunkering supply chain Gas-fueled vessels, LNG bunker vessels • Well-placed to provide secure and economical LNG to end users LNG Bunkering Infrastructure Pl
Slide 15: Industry Partner & Enabler
Industry Partner & Enabler Keppel provides innovative gas solutions, integrating them across the value chain to bring LNG from producers to consumers • Proven track record: • Dedicated gas technology arm • World’s leader in rigbuilding, • In-house gas patents and designs vessel conversion and repair
Slide 16: Turning Vision into Reality
GOLAR HILLI FLNG Vessel, July 2017 Turning Vision into Reality