Professional Documents
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Christophe de Margerie
Chairman & CEO TOTAL APPEA 2012 Conference Adelaide, May 14th
300.0
280.0 260.0 240.0 220.0 200.0 180.0 160.0
300
2% 10% 6%
2% 3% 11% 6% 24%
4% 3% 11% 6%
Moderate growth of global energy demand (+25% in 20 years) Fossil fuels = 76% of energy supply in 2030 Oil production expected to level off at around 96 Mb/d
200
26%
22%
Coal
140.0
120.0 100.0 81% 100 80.0 60.0 40.0 20.0 0.0
23% 22%
24%
Gas
76%
31%
30%
Oil
33%
2010
2020(e)
2030(e)
Oil resources
Gas resources
~3,500 Bboe
~2,500 Bboe
100
Unconventional resources
oil shale
130
80
35
Yet to find and increased recovery rate Identified resources Already produced
80
50
South America
Conventional oil
Unconventional oil
Conventional gas
4
Unconventional gas
Growth in global gas demand (+2.5% per year between 2010-2020) led by a booming Asian market (+6.2% per year)
North America
Bcf/d 90
Gas demand +1.5% CAGR
Europe
Bcf/d 90
Gas demand +1.8% CAGR
Asia
Bcf/d 90
Gas demand +6.2% CAGR
60
60
60
30
30
30
10
10
10
20(e)
Pipeline imports
Increase of gas consumption in the North American energy mix, moderated by energy efficiency programs LNG imports/exports to remain marginal
Demand driven by power generation, especially in Eastern Europe and Turkey Gas, best alternative (versus nuclear or coal) to meet increasing energy needs
China as a new driver of LNG demand Real but limited global impact of Fukushima accident
LNG, a growth market with increase in demand = +5% per year between 2010-2020
Mt/y 600
~100
~50
400
~15
200
Asian demand
2020(e)
2025(e)
2030(e)
Australias LNG industry is changing scale, to become the worlds largest LNG exporter by 2017/18
140 120 100 mmtpa 80
Qatari capacity
Large resource potential and favourable location to serve the Asian market
Projects under construction to increase fourfold the $25B Australian LNG production capacity by 2016-2018 A major industrial and $45B human challenge
$35B Project costs and operating $16B costs shall be kept under control to remain competitive versus other LNG exporting countries $26B
60
40 20 2010 2012 2014 2016 2018 2020 2022 2024
operating Possible
Source: Woodmac
Capacity 8.4 Mt/y of LNG, 1.6 Mt/y of LPG ~100 kb/d of condensates Start-up end-2016 34 B$ investment including LNG plant
GLNG (27.5%)
Upstream LNG
Mt/y
Ethics and human rights at the forefront Ethics committee reporting directly to CEO Anti-corruption and compliance programs Human Rights Internal Guide Active member of Global Compact LEAD
Careful environmental stewardship Minimizing environmental impact (air, water, soil) Limiting green house gas emissions Improving energy efficiency Reducing flaring
10
11