Page 20 - DIVA_1_2007_No.28

it will land in Germany. In that That's a really good question! your company is not trading
way, it will by-pass certain When there were no pipelines, gas?
countries and bring diversifica- you had to build pipelines from
tion to supply routes for Russian the producing country to the No, not at all. We are a transporta-
gas. consuming country. The consu- tion service provider for the LNG
mer was linked to the producer market. In order to be able to
2. LNG terminals and Fe- and vice versa. So, if the market trade gas between the UK and
gasification vessels price went down the producer Japan, our customers need LNG
did not have any other solution vessels and sufficient entry capa-
Europe wants to be less depen- than to bring his own price city in the USA and Japan. That's
dent on Russian gas, so they down to maintain his produc- the reason why our system brings
want to purchase gas from other tion. This is still valid on certain value-added, because with limited
countries. Therefore, LNG is markets today. For instance, investment costs our customers
perfect. By building new entry market prices in the UK are dif- can be active in different markets.
points into European markets, ferent from those on the
the gas can come from different European continent and the However, we are also working
sources (e.g. Trinidad, Qatar, United States. Why is this still with developing countries that
Nigeria, Egypt). the case? Simply because cer- still do not have any gas facilities.
tain producers cannot ship their Our techniques enable them to
Q: How long will supplies of gas to the United States if their start up. If you need to start from
natural gas last? pipelines are going elsewhere. scratch, you need consumers, ter-
So gas was not like oil -- a glo- minals, grids and pipelines. So
The latest edition of the BP bal market. Then along came what we do is to bring a ship
energy report (the reference in LNG A lot of people believe which lays offshore the whole
this matter) shows that there is that in the future LNG will have time like a storage tank, just fee-
still about sixty-five years of the same price everywhere. If ding gas into the grid. The ship
reserves. However, there are a you have an LNG ship sailing offers a continuous flow thanks to
lot of sources that are not yet towards the UK, and the price is a shuttle vessel that sails between
used or not yet discovered, so I lower there than in the USA, the the producing country and the sto-
think there will be enough gas ship can just change course and rage vessel and then performs a
for our children and even our go to the USA. This was illus- ship-to-ship transfer. Due to the
grandchildren. trated in the winter of fact that we are charging a month-
2005/2006. ly rent, the country does not have
Q: What do the ships that to invest upfront, but can steadily
carry LNG run on? Yes, I believe that there will be develop its market. There are
one global price on the gas com- limited costs for the country in
The boil-off of the LNG is used modity, but for this to happen question.
as energy to run the LNG ves- we need more entry points in
sel. As you know, this is the different countries. If you can- This is very interesting, in parti-
fossil
fuel. not access the markets, the price
cleanest cular for developing countries
Alternatively, the vessel can use will remain high, so you need with coastlines. Due to high oil
heavy fuel like conventional more access. Thanks to the prices, lots of countries want to
vessels. technology of Exmar and its develop a natural gas portfolio in
partner Excelerate, we can order to be less dependent on oil.
Q: What do you think is the rapidly increase the number of Exmar offers a flexible solution.
energy of the future? In fifty entry points and contribute to a One ship can carry the annual
sears? global gas market. consumption of about 200,000
people.
Well, I do not have my crystal Q: From what you are saying.
ball with me! From a personal
point of view, I think that gas
will still be around. Nuclear
energy technology will hopeful-
ly have advanced so that we can
use even more of that.
Renewables will, of course,
continue to expand.

Q: Do you feel that LNG will
make natural gas a global
commodity?

18 12007 Diva

www.divainternational.0 h