Company report
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17 Pages

Total LNG corporate


Total LNG corporate

Report summary

Total's LNG contract portfolio will more than double to 18 mmtpa over the next five years. Projects in Australia (Ichthys and GLNG) and Russia (Yamal) will drive strong cash generation after years of heavy capital spending. This will more than offset the decline in LNG revenue from Indonesia caused by expiry of Total’s offshore Mahakam licence in 2017.

Total’s focus on LNG investment is part of a wider shift to ‘cleaner fuels’ in the company. LNG is one pillar of its ambitions to develop a long-term low-carbon portfolio. The company views its LNG portfolio as long term in nature and as a facilitator for monetising its own molecules, but has also become more active as an LNG trader in recent years.

What's included?

This report includes 2 file(s)

  • Total LNG corporate PDF - 465.00 KB 17 Pages, 7 Tables, 12 Figures
  • Total LNG corporate.xls XLS - 2.10 MB

Description

The LNG market is set to increase by 50% between 2015 and 2020. This spectacular growth is transforming the market, with many new companies entering the sector and changing the industry landscape. LNG buyers are becoming increasingly fragmented, while the new emerging markets have smaller demand needs. This shift has increased demand for portfolio LNG supply.

This report allows you to understand how this company uses its LNG supply volumes, market access and shipping assets to create value from its LNG business. It provides an overview of the company's LNG strategy, assets, LNG supply access, LNG market commitments to give an accurate forecast of its flexible LNG portfolio.

As the LNG business continues to expand, in terms of both the number of players and the absolute volume of LNG traded, it is vital to understand the position and strategy of key suppliers and competitors.

Offering bottom up market analysis for over 150 LNG supply assets, 28 LNG-importing countries and more than 500 LNG contracts, Wood Mackenzie is the definitive and trusted resource for the LNG industry. We use our robust database and expert industry knowledge to help you understand the dynamics of the global LNG industry and identify emerging trends and opportunities.

  • Executive summary
  • LNG strategy
    • Gas is the backbone of Total's long-term low-carbon ambitions
    • Total has expanded its equity LNG portfolio via M&A…
    • … but has also turned to third-party LNG to build its portfolio
    • LNG marketing needs a boost to balance its expanding portfolio
      • Building market share in Asia
      • Creating its own outlets to integrate its portfolio
      • Trading LNG
    • Numerous expansion opportunities
  • Supply-demand balances
    • Contracted LNG
      • Contracted LNG supply by country
    • Committed LNG sales
      • Long-term deals into Asia - the prize but growing scarce
      • Its regas positions - the foundation of its flexibility and optionality
      • New emerging markets – bringing experience to create new demand
      • Short-term deals - paving the way for bigger deals?
    • Flexible LNG portfolio
    • Value drivers
    • Contracted supply pricing
    • Committed LNG pricing
      • Price spread arbitrage
      • Regas positions
  • LNG assets
    • Regas capacity
      • Total's Regasification Capacity
    • Shipping
    • Gas into LNG
    • Liquefaction capacity

In this report there are 19 tables or charts, including:

  • Executive summary
    • SWOT analysis
  • LNG strategy
  • Supply-demand balances
    • Contracted LNG supply
    • Supply-demand balances: Image 1
    • Committed LNG sales
    • Committed LNG sales by buyer
    • Flexible LNG portfolio
    • Supply contracts pricing
    • Committed sales pricing
    • Contract pricing overview
    • WACOG and WAPOG
  • LNG assets
    • LNG assets: Table 1
    • Total's Regas Capacity
    • Shipping capacity outlook
    • Shipping fleet
    • Number of ships required
    • Total's upstream supply to LNG liquefaction plants
    • Gas into LNG by equity
    • Effective Liquefaction Capacity by Equity
    • Total's liquefaction capacity
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