LNG Delivering innovative energy - solutions in a complex market - BP
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LNG Delivering innovative energy
solutions in a complex market
www.bp.com/trading
More energy - better delivered
The world needs more energy, delivered
Demand for energy in better ways, for a low carbon future.
increases by a BP is responding to this challenge with
third by 2040 fresh thinking about LNG.
The demand for gas from LNG is growing as it
Population to offers a much cleaner alternative to coal for power
dual challenge
hit >9 billion generation and provides a valuable back-up for
FEWER renewables intermittency. It also supplies heating
RISING EMISSIONS at the high temperatures required by industry and
MIDDLE ESSENTIAL is increasingly used in transportation.
CLASS TO TACKLE With gas in high demand for years to come, BP’s
CLIMATE LNG portfolio will play an important role in delivering
CHANGE more gas and reducing emissions.
Paris demands Find out more at bp.com/energytransition
net zero emissions
within the second
half of the century
2 Source: BP Energy Outlook 2019 edition
A high quality and flexible LNG portfolio
Our LNG portfolio includes a mix of long-term equity projects, merchant supply and mid-term and spot purchases.
We can offer long-term, mid-term and short-term supply, to meet our customers’ needs in an ever changing market.
Winner
of the CWC World
Alaska UK
LNG Award for Netherlands
Outstanding Spain
Italy
Contribution to the East Coast USA
Japan
Industry 2017 Israel
India
China South
Korea
Gulf of Mexico Kuwait
Mauritania/Senegal Egypt UAE Taiwan
Dominican Republic
Oman Thailand
Trinidad
Singapore
A high quality and flexible LNG portfolio
Indonesia
Papua
Angola New Our LNG portfolio includes a mix of long-term
Brazil Guinea
North West Australia
equity projects, merchant supply and mid-term
Mozambique and spot purchases.
Existing supply
Contracted and anticipated future supply
We can offer long-term, mid-term and short-term supply
Current and future market access† to meet your needs in an ever-changing market.
LNG vessels managed
†
Does not include spot trades Active charter activity
4
Competitively priced LNG
for our customers
We provide competitively priced
LNG to our customers by actively
managing our portfolio on a daily
basis and optimizing across our
supply and demand positions.
The integration of our positions in pipeline
gas, oil, products, shipping and foreign
exchange markets with our global LNG
portfolio enables us to identify optimization
and trading opportunities for our customers.
We offer creative solutions that include
features such as flexible pricing indexation,
volume and pricing options, pipeline
gas alternatives and in-year volume
adjustments. We actively participate in
allocating supply to rebalance regional
disparities.
6
Long-lasting partnerships Deep technical, As the industry continues to evolve, LNG is
becoming attractive to new and emerging markets.
We value long-term customer commercial and project
We can bring our deep technical, commercial and project
relationships and have numerous management expertise management expertise, along with our extensive LNG
term contracts with partners across
supply and shipping portfolio, to deliver LNG solutions for
the globe. These include utility
any market, large or small. Beyond LNG supply, we can
companies, gas distributors and
help build and finance new land-based or offshore import
national oil and gas companies. We
infrastructure and develop integrated power.
are able to meet their long-term and
spot supply needs from our portfolio.
8
Technical know-how, Fresh thinking
global reach We have a long history of
BP has the technical capabilities developing new solutions
to unlock potential gas resources to our customers’ needs.
and transport them to you by Our track record includes
pipeline, ship or truck. China’s first LNG terminal in
We have a truly global LNG portfolio, Guangdong, gas to power in
and the experience to develop Vietnam and Spain’s Bilbao
domestic markets in gas, NGLs and LNG-to-power. In Brazil BP
power. We have more than 1,000 was selected as the LNG
experienced technical and project supplier in a joint venture
management professionals, and our with Prumo and Siemens at
structured processes bring consistency the Port of Açu to develop
and best practices throughout the the largest integrated LNG-
project lifecycle. Today, BP is leading to-power project in Latin
the development and execution of America. Phase 1 construction
some of the world’s most challenging of the 3GW plant is currently
capital projects. under development.
10
A route to market for
independent producers
Our European gas
and power portfolio UPSTREAM
BP offers its 24/7 trading and
operations platform to third party
In a complex and producers, enabling them to focus on
sophisticated market, our their core activity whilst being sure
extensive portfolio provides NBP
that their molecules are efficiently
the answers you are TTF
GPL delivered and capture market value.
looking for. ZBT
We can offer bespoke offtake packages
We are active throughout BG NCG as well as various operational services to
Western Europe, with transport match the producer’s requirements.
PEG VTP
and storage positions that allow
us to meet the diverse needs of Building gas value chains
producers and customers. PSV BP is the main shareholder and operating
Hubs partner of Shah Deniz in Azerbaijan, one
Storage of the world’s largest gas-condensate
LNG facility
fields. The Shah Deniz partnership is
Power
Physical delivery/Flange point PVB developing the second stage of the field
Trading office and its associated infrastructure in order to
Manufacturing facilities
bring gas sales from Azerbaijan to Europe.
Gas flow
Gas Pipeline in progress BP operates, develops and produces 25
LNG supply billion cubic metres per annum of gas for
transportation into Azerbaijan, Georgia,
Turkey, Greece, Bulgaria and Italy.
12
Over
100
Safe and efficient marine
operations
Our LNG Shipping team leads
years of BP the industry in providing innovative
marine solutions, ensuring that our
Shipping operations are safe and efficient.
BP Shipping was established over 100
years ago, and our team has been
operating an LNG fleet since 2002.
We have been involved in the
commissioning of numerous LNG
facilities and liquefaction projects
around the world.
BP Shipping manages the logistics
required to move BP’s oil and gas
cargoes to market, as well as technical
marine assurance on all BP vessels.
Our team operates a rigorous ship-
vetting and port/terminal inspection
programme for our ships.
14
New solutions to industry
challenges
BP’s LNG business is based on innovation.
We have a track record of taking on
complex projects at scale and leveraging our
experience and capability for the benefit of
our customers.
Industry breakthroughs
We supplied the first commercial LNG contract
based on offshore ship-to-ship transfer and we
conduct STS operations with an Arctic ice breaker
in Norway.
We have approved and delivered LNG to various
1st
configurations of Floating Storage and Re-gasification
Units (FSRUs), and to offshore LNG facilities.
We have loaded partial cargoes from more than one
load source, blending mixed compositions while
continuing to meet import specifications.
commercial Legal know-how
offshore With dedicated LNG legal teams in each of our global
ship-to-ship offices, our lawyers have deep industry experience.
LNG transfer They can structure innovative contracts that help
meet your requirements.
16
Bespoke energy risk
management solutions
Our global structured products
team has the expertise in risk
management to tailor creative
solutions to your needs.
Our customers are varied and numerous
- from producers, refiners, and importers
to utilities, airlines, shipping, mining and
light industry companies. Our customers
also include banks, hedge funds and
private equity firms.
We have provided energy risk
management products to customers
around the globe for over 20 years. With
access to over 120 of BP’s financial and
physical traders, our team are uniquely
positioned to help you manage your oil,
gas and power price exposure.
18Delivering energy Targeting zero Producing more Tackling the Carbon capture, Investing in LNG Helping consumers Marketing and Expanding our Using carbon offsets
products and net growth in our natural gas methane use and storage BP is a recognized global
lower their trading renewables business to support our low
operational GHG challenge emissions carbon ambitions
services in a emissions
Gas produces around
half the carbon dioxide BP is committed
We believe CCUS
can achieve deep
LNG player.
Around 80-90% of
We trade a variety of
products including
Renewables are the
fastest-growing source We are one of the
We are using our
changing world Meeting this target,
improving energy
(CO2) emissions of
coal when burned to
to reducing the
methane in our
emissions reductions
in existing power
technical, commercial
carbon dioxide emissions
from oil and gas
natural gas, LNG, power
and carbon products.
of energy today. BP has
been in the renewables
world’s leading carbon
traders, enabling
and project management
efficiency and tackling generate power. operations. infrastructure and products are from their We move gas through business for more than emission-reducing
expertise along with
methane emissions and energy-intensive use by consumers. pipelines and by ship, 20 years – we are one projects that help
Gas is the ideal We are targeting a our extensive LNG
Around the globe, BP is flaring will help us hold
complement to methane intensity
industries that rely on
and shipping portfolio We have developed
delivering what our of the largest operators businesses and other
involved in the entire gas value our net emissions to
renewables. of 0.2%, and
the use of fossil fuels.
to deliver new LNG more than 20 carbon
customers need, when among our peers and organisations offset their
2015 levels even as we they need it. we’re expanding as we carbon footprint.
chain, from supplying upstream grow.
holding it below BP is exploring solutions for global neutral products and
see more opportunities.
gas to liquefaction facilities, 0.3%. opportunities to deploy markets. services through the use
CCUS in its own of advanced technology
through transportation and storage operations, projects and our offsetting
to regasification and marketing. and products. programme.
We are investing in LNG to help meet
the world’s demand for more energy,
but we are also committed to a low
carbon future, developing energy
products and services to deliver
more energy with fewer emissions.
CO2
20THE BP TRADING TEAM
BP IN THE NEWS
Nominated by
peers for CWC
Calgary London World LNG Award
for Outstanding
Madrid Beijing Tokyo Contribution to the
Seoul
Houston
Calgary London Industry 2017
Dubai
Madrid Mumbai
Beijing Tokyo
Houston Seoul
Singapore
Dubai
JakartaMumbai
Singapore
Rio de Janeiro
Jakarta
HOUSTON LONDON Rio de Janeiro
SINGAPORE
Trading hub
201 Helios Way 20 Canada Square 7 Straits View
Regional marketing presence
Houston, TX 77079 Canary Wharf #26-01 Marina One
United States London E14 5NJ East Tower
+1 281 366 2000 UK Singapore, 018936 Trading hub
+44 207 948 4000 +65 6335 3000 Regional marketing presence
22 Delivering innovative solutions in a complex marketVenture Global bags long-term
BP wins coveted
BP IN THE NEWS
LNG supply deal with BP
LNG Award d in
Venture Global LNG, signed a
deal with
BP has won the most coveted awar BP for the supply of two million
tonnes
the LNG arena – the CWC World Gas per annum (mtpa) from its Cal
Intelligence Annual LNG Award for Pass LNG export facility, Lou
casieu
isiana.
BP to supply
Outstanding Contribution to the
Industry 2017. 30 NOVEMBER 2017
21 MAY 2018, LNG WORLD NEW
S LNG to PTT of
Thailand
BP has entered int
o a sales and
purchase agreeme
l with BP
nt to supply
pply d e a nearly one millio
n tonnes of LNG
su
ks 5-year roject, operated by theidU-tSerm
per year to Thai-
owned PTT
LNG in Public Company
PNG first LNG
export p
rs, has sig
ned a m
Limited (PTT).
w Guinea
’s co-venture re. 02
HYDROCARBONS-TE JANUARY 2017,
Papua Ne ExxonMobil and its po
BP Singa
S CHNOLOGY.COM
n t h ORLD NEW
energy gia p u rc h a s e deal wit 17 AUGUST 20
18, LNG W
and
LNG sale
BP and Oman sign
1
BP and Kansai Electric sign LNG million-tonnes-pe .1
r-a
sale and purchase agreement and seven-year LNG su nnum,
pply deal
cooperation agreements BP’s (BP.L) Singapore
buy 1.1 million tonne
-based trading unit has
s of signed a deal to
Under the agreements, BP will provide Kans
ai Electric with seven years from Om liquefied natural gas (LNG) a year for
23 years , from BP’s an LNG, after BP he
up to 13 million tonne s of LNG over gas production. lped push up Omani
divers e portfo lio of LNG sourc es.
28 MAY 2015, BP PRESS RELEASE 22 JANUARY 2018BW scoops FSRU job for Brazil’s Port Ac
BP IN THE NEWS
Eni and partners sign Aside from energy and infrastru
u plan
LNG deal with BP for
cture company Prumo, BP and
engineering giant Siemens are
also behind the development.
has a 33% stake in the power Siemens
Mozambique gas
plant and terminal, while BP
the LNG. will supply
9 AUGUST 2018, TRADEWINDS
Italian oil company Eni and its
partners in Area 4, offshore
BP strengthens LNG
Mozambique, sign binding
agreement for the sale of LNG
produced in Coral South with
BP, Eni announced Tuesday. shipping capacity
-art liquefied
BP is taking delivery of six new, state-of-the
5 OCTOBER 2016
(LNG ) tanke rs to supp ort its expan ding global
natural gas
ng dema nd for
LNG portfolio, and to respond to growi
y sourc es aroun d the world .
lower-carbon energ
4 OCTOBER 2017
BP SIGNS AGREEMENT WITH t as
PRUMO AND PURCHASES 30% BP stands oufu
OF NATURAL GAS AÇU most success Nl G
marketer of Ltwo
over the last
BP Global Investments has signed an investment agreement to acquire
30% of Gás Natural Açu (GNA), a subsidiary of Prumo Logística.
26 DECEMBER 2017
years MARCH 2015, WO
OD MACKENZIE
NAMICS
– LNG SE R DY
LLELNG Leadership team
LNG LEADERSHIP TEAM
Rob Lawson Jonty Shepard David Knipe Anthony Lloyd
COO Gas IST Chief Operating Officer Head of Global Gas Chief Negotiator
Robert.Lawson@bp.com LNG David.Knipe@bp.com Anthony.Lloyd@bp.com
Jonathan.Shepard@bp.com
James Cheeseman Dan Butler Jimmy Straughan Alistair Smith
Head of Trading Head of Trading Head of Origination Head of Origination
Atlantic Basin Asian Basin Americas Asia
James.Cheeseman@bp.com Daniel.Butler@bp.com James.Straughan@bp.com Alistair.Smith@bp.com
Sarah Bellis Graeme Proud Richard Duncan Rodrigo Vilanova
Head of Market Analysis Global Operations Manager Chief Commercial Officer Head of Greenfield LNG
Sarah.Bellis@bp.com Graeme.Proud@bp.com LNG Rodrigo.Vilanova@bp.com
Richard.Duncan@bp.comTrading team
TRADING TEAM
James Cheeseman Dan Butler Hector Godoy Tosha Lambeth
Head of Trading Head of Trading Portfolio Trading Manager Lead Financial Trader
Atlantic Basin Asia Basin Hector.Godoy@bp.com Atlantic Basin
James.Cheeseman@bp.com Daniel.Butler@bp.com Tosha.Lambeth@bp.com
Anna Polozova Abu-Bakr Al-Akku Tajima Hiroaki Wanxi Khoo Anna
Andy Handelman
Low
Trader Trader Trader Charterer Financial
OriginatorTrader
Atlantic Basin Atlantic Basin Asia Basin wan_xi.khoo@bp.com Atlantic Basin
Andy.Low@bp.com???
(anna.polozova@bp.com Abu-bakr.Al-akku@bp.com Tajima.Hiroaki@bp.com Anna.Handelman@bp.com
Olly Davison Eugene Hong Vivienne Shen Ian Hosley Matt Fox
Trader Trader Trader Charterer Financial Trader
Atlantic Basin Asia Basin Asia Basin Ian.Hosley@bp.com Atlantic Basin
Oliver.Davison2@bp.com eugene.hong@bp.com Vivienne.Shen@bp.com matthew.fox1@bp.comAtlantic Basin team
ATLANTIC BASIN TEAM
Jimmy Straughan Alla Ilina Mike Sisson Paul Condron
Head of Origination Senior Originator Senior Originator Senior Originator
Americas Eur & Med Sub Saharan Africa Paul.Condron@bp.com
James.Straughan@bp.com Alla.Ilina@bp.com Mike.Sisson@bp.com
Chris Rock Ahmed El-Ghandour Stuart Walker Frank Vickers
Originator Originator Originator Senior Originator
Chris.Rock@bp.com Ahmed.El-Ghandour@bp.com Stuart.Walker2@bp.com Freeport
Frank.Vickers@bp.com
Jane Li Chloe Vale Rui Kong Jerome Milongo
Freeport Analyst Freeport Operations Originator Originator
Emily.Lau@bp.com Chloe.Vale@bp.com Rui.Kong@bp.com Americas
Jerome.Milongo@bp.comAsia Basin team
ASIA BASIN TEAM
Alistair Smith Matthew Potter Shivan Campbell-Platt Paul Stewart
Head of Origination Senior Originator Senior Originator Senior Originator
Asia Matthew.Potter@bp.com Shivan.Campbell-Platt@bp.com Paul.Stewart@bp.com
Alistair.Smith@bp.com
Emily Lau Simon Cockcroft Tracy Wong Andy Low
Originator Senior Originator Originator Originator
Emily.Lau@bp.com Simon.Cockcroft@bp.com tracy.wong@bp.com Andy.Low@bp.com
Alex An Yue Wu Masaki Okada Jin Wook
Originator Head of Gas China President Gas Japan Head of Gas Korea
Alex.An@bp.com Yue.Wu@bp.com Masaki.Okada@bp.com JinWook.Lee@bp.comGreenfield team
GREENFIELD TEAM
Richard Woodfine Chris Bramley Karen Wood
Head of Greenfield LNG Head of Greenfield LNG Greenfield Project Manager
Origination - Americas, EMEA Origination - Asia Karen.Wood@bp.com
Richard.Woodfine@bp.com Christopher.Bramley@bp.com
Rodrigo Vilanova Srinath Iyer Mike Winstanley Richard Ellis
Head of Greenfield LNG Business Development, Head of Engineering Lead Project Engineer
Rodrigo.Vilanova@bp.com Gas Value Chains International Gas International Gas
Srinath.Iyer@bp.com Michael.Winstanley@uk.bp.com Richard.Ellis@bp.com
Rahul Kulkarni John Boreman David Grimshaw
Gas Assurance Manager LNG Assurance Superintendant Global Gas Chartering Lead
Shipping John.Boreman@bp.com BP Shipping
Rahul.Kulkarni@bp.com David.Grimshaw@bp.comCalgary London
Calgary London
Madrid Beijing
Madrid Tokyo
Houston Seoul
Beijing Tokyo
Houston Seoul
Dubai
DubaiMumbai
Mumbai
Singapore
Singapore
Jakarta
Jakarta
Rio de Janeiro
Rio de Janeiro
Trading hub
HOUSTON LONDON SINGAPORE Trading hub
Regional marketing presence
201 Helios Way 20 Canada Square 7 Straits View Regional marketing presence
Houston, TX 77079 Canary Wharf #26-01 Marina One
United States London E14 5NJ East Tower
+1 281 366 2000 UK Singapore, 018936
+44 207 948 4000 +65 6335 3000“This brochure and its contents have been provided to you for informational purposes only. This information is not advice on or a recommendation of any of the matters described herein or any related commercial transactions, whether they consist of physical sale or purchase agreements, financing structures, investments, financial instruments, hedging strategies or any combination of such matters and no information contained herein constitutes an offer or solicitation by or on behalf of BP p.l.c. or any of its subsidiaries (collectively “BP”) to enter into any contractual arrangement relating to such matters. BP makes no representations or warranties, express or implied, regarding the accuracy, adequacy, reasonableness or completeness of the information, assumptions or analysis contained herein or in any supplemental materials, and BP accepts no liability in connection therewith. BP deals and trades in energy related products and may have positions consistent with or different from those implied or suggested by this presentation. There is no assurance that the structures described herein will hedge risks that a recipient may incur in the operation of its business. Prior to dealing in any investment or financial instrument or entering into any risk management product arrangement, you should obtain your own tax, legal and investment advice as these products may expose you to inappropriate financial risk. This brochure also contains forward-looking statements. Any statements that are not historical facts, including statements about BP’s beliefs or expectations, are forward-looking statements. These statements are based on plans, estimates and projections and you should not place undue reliance on them. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast, suggested or implied in any forward-looking statements in this presentation due to a variety of factors. Factors which could cause actual results to differ from these forward-looking statements may include, without limitation, general economic conditions; conditions in the markets in which BP is engaged; behaviour of customers, suppliers, and competitors; technological developments; the implementation and execution of new processes; and changes to legal, tax, and regulatory rules. In addition, financial risks such as currency movements, interest rate fluctuations, liquidity, and credit risks could influence future results. The foregoing list of factors should not be construed as exhaustive. BP disclaims any intention or obligation to publicly or privately update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. The information contained in this document shall not be modified, reproduced, distributed or otherwise disseminated in whole or in part in any manner by any party without prior written permission from BP. All rights, including copyright, confidentiality and ownership rights, are reserved. This document does not constitute an initial placement of, nor an offer to sell, nor a solicitation of offers to purchase, foreign securities or derivatives therefrom, in the territory of the People’s Republic of China. Provision of risk management services is subject to local regulatory requirements in your jurisdiction of incorporation.” www.bp.com/trading
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