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Gas in Namibia - Implications for the region

Gas in Namibia - Implications for the region. Roger Swart NAMCOR 1 st June 2005. NOT AN OFFICIAL UNCTAD RECORD. Talk outline. Namibia’s location Why gas? Namibia’s potential Conventional resources Unconventional resources Implications for the region. NAMIBIA. Why gas?.

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Gas in Namibia - Implications for the region

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  1. Gas in Namibia -Implications for the region Roger Swart NAMCOR 1st June 2005 NOT AN OFFICIAL UNCTAD RECORD www.namcor.com.na

  2. Talk outline • Namibia’s location • Why gas? • Namibia’s potential • Conventional resources • Unconventional resources • Implications for the region www.namcor.com.na

  3. NAMIBIA www.namcor.com.na

  4. Why gas? • Increasing power demand in southern Africa • Fastest growing energy resource • 70% increase from 2001 to 2025 • Clean fuel • Cheaper, quicker construction • More efficient • U.S. & Europe - domestic supply dwindling • Significant reserves remain undiscovered www.namcor.com.na

  5. South African Generation Source: SA Department of Minerals and Energy, Integrated Energy Plan, 2003 www.namcor.com.na

  6. Power generation in Europe www.namcor.com.na

  7. Power generation costs in Europe www.namcor.com.na

  8. U.S. Natural Gas Production, Consumption, and Imports,1970 - 2025 (trillion cubic feet) History Projections Net Imports Consumption Natural Gas Net Imports, 2002 and 2025 (trillion cubic feet) Production 2002 2025 www.namcor.com.na

  9. Net U.S. Imports of Natural Gas, 1970-2025(trillion cubic feet) History Projections Liquefied Natural Gas Canada Mexico www.namcor.com.na

  10. Current US LNG terminals www.namcor.com.na

  11. Future US LNG terminals • Nearly all of the increase in net US imports is expected to come from LNG www.namcor.com.na

  12. Shipping route c. 17 days sailing www.namcor.com.na

  13. Namibia’s potential Namibe Kunene Walvis Lüderitz Orange Kudu www.namcor.com.na

  14. Namibia’s potential • Kudu Gas Field • Proven 1.4 tcf • Considerable upside remains (~8tcf) • Advanced feasibility stage • 800 MW CCGT in Namibia • Extend to 1600 MW later www.namcor.com.na

  15. Namibia’s potential • Other Orange Basin • Deeper water plays • Inboard plays; cf. South African portion • Source rock widespread www.namcor.com.na

  16. Namibia’s potential Namibe Kunene Walvis Lüderitz Orange Kudu www.namcor.com.na

  17. Block 1711 • Originally licence held by Vanco • Since November 2004 under NAMCOR curatorship • Seeking partners • Large (>300 sq km) 4-way closure • High relief • Abundant DHI’s • Potentially large reserves www.namcor.com.na

  18. Regional Seismic Line www.namcor.com.na

  19. Unconventional Resources • Hydrates • Abundant in Block 1711 • Excellent BSR’s • Sampled with drop cores • Partly thermogenic source • Also recognised in Lüderitz Basin www.namcor.com.na

  20. Hydrates www.namcor.com.na

  21. Unconventional resources • Hydrates • Business challenges • Lack of supporting infrastructure • Piggy back on conventional development in 1711? • What is total volume of gas in place? • What is total volume of gas recoverable? • What rates can we produce at? • Additional operating/maintenance expense? • Potentially a huge resource for region www.namcor.com.na

  22. Regional Implications • Gas potential of southern Africa high • Sufficient to satisfy some of the immediate energy demands of region • LNG market in Europe and USA to grow • West Africa well positioned • Projects will result in significant FDI • Positive impact on regional GDP growth www.namcor.com.na

  23. Thank you www.namcor.com.na

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