Wartsila Oyj Abp · OMXHEX:WRT1V
Wartsila Oyj Abp — Wärtsilä — Investor Day (November 2013)
20 slides from Wartsila Oyj Abp's investor day presentation, Nov 14, 2013
Slide 1: Wärtsilä's role in the gas value chain
WÄRTSILÄ’S ROLE IN THE GAS VALUE CHAIN TORE LUNDE Director, Wärtsilä Oil & Gas Systems 1 © Wärtsilä 14 November 2013 TORE LUNDE
Slide 2: Natural gas – towards a globalised market
Natural gas – towards a globalised market World Energy Outlook 2012 by OECD/IEA: Major global trade flows 2035 • Gas consumption expected to increase >30% by 2035 • Long-term growth mainly driven by power production • CO2 emissions reduced by 60% compared to coal • Highest demand growth in emerging
Slide 3: LNG and LPG distribution/shipping value chain
LNG and LPG distribution/shipping value chain Source Processing Products carried Transport Users Demand for gas Natural Gas growing at ~2% CAGR Pipeline gas wells plant through to 2035 10% of gas consumed LNG as LNG growing to 14% LNG LNG ship in 2025 liquefaction (from 240 to 450 mt pa) Liquefactio
Slide 4: LNG and LPG distribution/shipping value chain
LNG and LPG distribution/shipping value chain Source Processing Products carried Transport Users Natural Gas Power Pipeline gas wells plant generation Residential/ LNG Commercial LNG LNG ship liquefaction 2% of energy market, LPG/LEG of which 24% transported on ships (~60 mt) Condensates LPG/LEG Amm
Slide 5: LNG and LPG distribution/shipping value chain
LNG and LPG distribution/shipping value chain Source Processing Products carried Transport Users Natural Gas Power Pipeline Gas wells plant generation Residential/ LNG Commercial LNG LNG ship liquefaction LPG/LEG Industrial Condensates LPG/LEG Ammonia Autofuels: ammonia plant bus, taxi, car ships Am
Slide 6: Our expertise in the gas value chain
Our expertise in the gas value chain Distribution & transport LNG terminal & Power generation Regasification (FSRU/JRU) LPG/LEG/LNG Small-scale tankers LNG plants LNG LNG liquefaction receiving & terminal terminal LNG carrier LNG fuelled LNG fuelled vessels LNG bunkering vessels & barges Production
Slide 7: Gas solutions – LPG/LEG & multigas carriers
Gas solutions – LPG/LEG & multigas carriers Reference: Series of multigas carriers for Evergas Package with integrated: • cargo handling system • gas supply system • propulsion systems Market development • Increased LNG production & shale gas production will impact trading & trade patterns • Regiona
Slide 8: Gas solutions – LNG reliquefaction and regasification
Gas solutions – LNG Reliquefaction and Regasification LNG C ”Al Bahiya” FSRU ”Golar Freeze” • Q-flex built as DSME, operated by STASCO • Owned by Golar LNG Energy • Equipped with Hamworthy’s Mark III LNG • Equipped with Hamworthy’s Regasification Reliquefaction system system COOL DOWN (reliquefy)
Slide 9: Gas solutions – LNG regasification (FSRU)
Gas solutions – LNG regasification Floating Storage and Regasification Unit (FSRU) FSRU moored at a jetty receiving LNG from a LNGC • Why such solutions: - Increased demand for clean energy, power shortage, diversification, lack of gas infrastructure, easier permits, fast track, relocation possibili
Slide 10: Regasification systems for FSRUs and jetty installations
Gas solutions – LNG regasification Regasification systems for FSRUs and jetty installations • Seawater-propane: 3 x 221 tons/h trains (3x50%) • Send-out pressure and capacity: 70 bar / 442 tons/h (500 MMscf/d) • Single-lift module: 32x20x13 m, 945 t dry weight • BOG recondenser capacity: 24 tons/h p
Slide 11: Regasification systems order book
Gas solutions – LNG regasification Regasification systems for FSRUs and jetty installations Order book: Deliveries to 4 Floating Storage Regasification Units (FSRU) at HHI for Höegh LNG 11 © Wärtsilä 14 November 2013 TORE LUNDE
Slide 12: LNG terminals and distribution: competitive advantage
Gas solutions – LNG terminals and distribution Wärtsilä’s competitive advantage based on scope of offering • Ship design and main equipment • Supply of LNG terminal • Supply of Power Plant • Operation • Maintenance • Financing 12 © Wärtsilä 14 November 2013 TORE LUNDE
Slide 13: Typical LNG terminal EPC scope of supply
Gas solutions – LNG terminals Typical LNG terminal EPC scope of supply Ship Power: • BOG compressors • Vapour return blowers • LNG-in-tank pumps • Vaporiser units • Plant process engineering • Control system • Process guarantee Power Plants: • Civil works • Installation • LNG storage tank • Piping •
Slide 14: Small scale LNG production
Gas solutions – LNG liquefaction Small scale LNG production LNG Transportation End Feed gas Storage production & distribution users Biogas SSL CBM MiniLNG Flare gas Pipeline / well head gas 14 © Wärtsilä 14 November 2013 TORE LUNDE
Slide 15: Our area of operation in the LNG production space
Gas solutions – LNG liquefaction Our area of operation in the LNG production space MiniLNG Small scale LNG Medium scale LNG Large scale LNG 20k t/y 20 -500k t/y 0.5 -2 MMTPA 2 -7+ MMTPA Small scale technologies Large scale technologies REFERENCES AS COMPARISON Oslo; Sköldvik; Prelude FLNG; 4k t/y
Slide 16: Small Scale LNG production – References
Gas solutions – LNG liquefaction Small Scale LNG production – References Snurrevarden Kollsnes II Gasum, Finland • First free-standing small scale • 2 x capacity of Kollsnes I (Linde • EPCIC contract w/o civil work LNG plant in Northern Europe plant) delivered March 2003 • Liquefaction based on liqu
Slide 17: New gas liquefaction process
Gas solutions – new gas liquefaction process New MR test plant – Moss, Norway Biogas liquefaction plant – Oslo, Norway • Test plant for newly developed • Our 1st commercial biogas liquefaction plant Multi Refrigerant liquefaction process • Biogas created from household organic waste • LNG liquefacti
Slide 18: LNG fuel systems – LNGPac vessels market
Gas solutions – LNG fuel systems LNGPac vessels – market – Reference: Gas fuelled drivers Viking Grace • Main drivers for the gas fuelled vessel market: • Environmental awareness & regulations • Fuel price • Gas availability • Environmental incentive LNG enables emission reduction: • NOX – 92% • CO2
Slide 19: LNGPac – Reference: Viking Grace
Gas solutions – LNG fuel systems LNGPac – Reference: Viking Grace • Wärtsilä market leading position in dual-fuel engines supports Gas Solution’s growth ambitions • We have also developed concepts for bunkering vessels/barges, further facilitating the transition to using LNG as the primary marine fu
Slide 20: Wärtsilä
© WARTSILA