LNG - The Coming Crunch for Used LNG Ships

OVERVIEW

DAY 1 PROGRAM

Participating Companies Include:

ABS

Aker Solutions

BBS Shipping and Trading S.A. de C.V.

BG LNG Services, LLC

Black & Veatch

Cheniere Marketing, LLC

Chevron Global Gas

Chevron Shipping Company LLC

CH-IV International

Det Norske Veritas

Excelerate Energy, LLC

ExxonMobil LNG Market Development

Freeport LNG Development, LP

Gas Asset Solutions

GDF Suez Gas North America

Gulf Coast LNG Partners, L.P.

IHI, Inc.

JGC USA INC.

"K" Line America, Inc.

KBR

King & Spalding LLC

LNG America

Matrix Service Inc.

MEI, LLC

Moffatt & Nichol

Mustang Engineering

Occidental Petroleum Corporation

Ros Roca Indox

RS Platou

SBM Atlantia

Sempra LNG

Shipping Development Corporation

Skaugen PetroTrans, Inc.

Southwestern Energy Company

Sutherland

Technip

TORP Technology

The Coming Crunch for Used LNG Ships
Wednesday, June 2, 2010


11:45 AM	Registration

12:15 PM	Lunch

1:15 PM	Rising Demand for Used LNG Ship Conversions
	Bob Nimocks, president, Zeus Development Corporation
	Zeus tracks receiving and regasification projects worldwide. Currently about 25 propose to acquire used ships on the cheap for conversion into floating, storage, regasification units. Other projects expect to acquire the ships for fixed storage or for floating, production, storage, offloading (FPSO) units. All told, the demand for used ships is growing rapidly, as developers believe there is a deep inventory of suitable ships at low prices. Nimocks presentation will quantify and forecast this demand.

1:55 PM	A Look at the Supply of Used Ships Suitable for Conversion
	Keith Bainbridge, partner, RS Platou
	Bainbridge leads the LNG practice at RS Platou, a major marine brokerage. He has extensive knowledge of the world LNG fleet, charter market and aftermarket for ships. He will define and prioritize the parameters of regas-conversion ships most sought by importers. Then, he will quantify the number of units that might be found to give the audience a sense of the number of "ideal" conversion candidates and where bidding is likely to be most intense.

2:35 PM	Building a Dockside Regas Ship: Key Elements of the GasPort® Design
	Rob Bryngelson, CEO, Excelerate Energy
	Few companies have been able to move as quickly to provide market access to LNG supply as Excelerate Energy. On three occasions, the company has built dockside GasPorts in short order for markets in need of LNG: Teesside, U.K.; Bahia Blanca, Argentina; and Mina Al-Ahmadi, Kuwait. Can GasPorts allow countries to jump to ahead in the queue? If Excelerate runs short of its purpose-built ships, will it consider conversions of other units? If so, what is a reasonable lead time for such projects? Bryngleson has been asked to address these questions.

3:15 PM	Break

3:40 PM	Additional Terminal Cost Factors
	Robert Hesse, Ph.D., consultant, & David Franklin, facilities manager, Mustang Engineering
	A used LNG vessel is just one element of the cost of a floating regas terminal. Vessel reinforcement & life extension, topside regas, delivery & production rates, Metocean characteristics, dredging & breakwaters, jetties & moorings, and navigational port infrastructure can add significantly to costs and schedule. With so many import markets estimating the CAPEX and OPEX costs of their floating regas terminal projects, it is important to understand what drives costs. Hesse and Franklin will start by defining the ideal low-cost, short lead-time floating regas terminal scenario based on the availability of used vessels. They then will discuss how site & design specifics can drive costs higher and construction times longer.

4:30 PM	EasyLNG: An Alternative Design to the Dock-Side FSRU
	Lars Odeskaug, president, TORP LNG
	TORP has designed a regas barge solution called EasyLNG intended to simplify the construction of a floating regas terminal and expand the number of ship candidates for regas conversion. Odeskaug will provide an overview of TORP’s EasyLNG solution and its potential for application.
5:00 PM	Reception