1 Table of Contents 4
1.1 List of Tables 8
1.2 List of Figures 10
2 Venezuela Industry Overview 11
2.1 Venezuela LNG Industry Brief, 2011 11
2.1.1 Liquefaction Capacity 11
2.1.2 LNG Sales 11
2.1.3 Spare LNG Capacity available for Contracts 11
2.1.4 Total LNG Revenue 11
2.1.5 Average LNG Export Price 11
2.1.6 Top Importers of Venezuela LNG 11
2.1.7 LNG Terminals under Operation 11
2.1.8 LNG Terminals Planned/ under Construction 12
2.1.9 Natural Gas Production 12
2.1.10 Natural Gas Consumption 12
2.1.11 Natural Gas Reserves 12
2.1.12 Industry Concentration Ratio 12
2.1.13 Market Leader 12
2.2 Venezuela LNG Market Description 13
2.3 Venezuela LNG Export Terminals Map 14
3 Strategy Analysis of Venezuela LNG Markets 15
3.1 Venezuela LNG Strategies 15
3.2 Venezuela LNG SWOT Analysis 17
3.2.1 Venezuela LNG Market- Key Strengths 17
3.2.2 Venezuela LNG Market- Key Weaknesses 18
3.2.3 Venezuela LNG Market- Key Opportunities 19
3.2.4 Venezuela LNG Market- Key Threats 19
3.3 Venezuela Benchmarking with Other South and Central American LNG Exporters
20
3.3.1 South and Central America LNG Markets Benchmarking- Overall Ranking 21
3.3.2 South and Central America LNG Markets Benchmarking- Supply Index 22
3.3.3 South and Central America LNG Markets Benchmarking- Capacity Index 23
3.3.4 South and Central America LNG Markets Benchmarking- Operational Index 24
3.4 Venezuela LNG Positioning matrix 25
4 Venezuela LNG Trends and Outlook to 2020 26
4.1 Latest Venezuela LNG Market Trends 26
4.2 Key Factors Driving Venezuela LNG Industry to 2020 27
4.3 Liquefaction Capacity Forecasts, 2000- 2020 28
4.4 LNG Trade Forecast, 2000-2020 30
4.5 Contracted and Non- Contracted Capacity Forecasts, 2000- 2020 32
5 Venezuela Natural Gas Market Outlook 34
5.1 Venezuela Proven Natural Gas Reserves, 2000-2010 34
5.1.1 Major Natural Gas Fields in Venezuela 34
5.1.2 Comparison of Venezuela Proven Gas Reserves 34
5.1.3 Venezuela Proven Gas Reserve Volume, 2000- 2010 35
5.2 Venezuela Natural Gas Production Forecast, 2000-2020 36
5.2.1 Venezuela Natural Gas Production Trends 36
5.2.2 Venezuela Natural Gas Production Outlook to 2020 37
5.3 Venezuela Natural Gas Demand Forecast, 2000-2020 38
5.3.1 Venezuela Primary Energy Consumption by Fuel 38
5.3.2 Venezuela Natural Gas Consumption Trends 38
5.3.3 Venezuela Natural Gas Consumption Outlook to 2020 40
6 Analysis of Venezuela Operational and Planned LNG Terminals 41
6.1 Location, Operator, Ownership, Start Up, Construction, Technology, Capex and
Current Status Details by Terminal, 2011 41
6.2 Venezuela Liquefaction Capacity by Terminal, 2000-2020 42
6.3 Venezuela Liquefaction Train Details by Terminal, 2000-2020 43
6.4 Venezuela Source Field Details by Terminal 44
6.5 Venezuela LNG Carrier Details by Terminal 45
6.6 Venezuela LNG Storage Capacity by Terminal, 2000-2020 46
6.7 Venezuela LNG Storage Tank Details by Terminal, 2000-2020 47
7 Venezuela Monthly LNG Export Trade Pattern and Pricing Analysis, 2010 48
7.1 Annual LNG Trade Quantities by Importing Country, 2000-2010 48
7.2 Monthly LNG Trade Quantities by Importing Country, January 2010- December
2010 49
7.3 Monthly LNG Export Prices by Importing Country, January 2010- December 2010
51
7.4 Monthly LNG Export Revenues by Importing Country, January 2010- December
2010 53
8 Venezuela Long and Medium Term LNG Contract Details, 2000-2020 55
8.1 Geographical Analysis of LNG Supply Contracts, 2011- 2020 55
8.2 Terminal wise Contracted Vs. Available Capacity, 2000- 2020 56
8.3 Existing LNG Supply Contract Details by Terminal 58
8.4 Announced/ Planned LNG Supply Contract Details by Terminal 59
9 Analysis of Planned LNG Projects in Venezuela 60
9.1 Current Status of Planned LNG Terminals 60
9.2 Planned LNG Terminals- Capital Expenditure 60
9.3 Planned LNG Terminals- Location, Operator, Ownership and Technology 61
9.4 Planned LNG Terminals- Fields, Tankers and Other Infrastructure 61
9.5 Planned LNG Terminals- Long and Medium term Supply Contracts 62
9.6 Planned Expansions of Existing LNG Terminals 63
10 Venezuela LNG Markets, Competitive Scenario 64
10.1 LNG Strategies of Major Venezuelan Operators 64
10.2 Venezuela LNG Market Structure, 2011 66
10.3 Venezuela LNG Companies Benchmarking, 2011 67
10.4 Venezuela, Company wise LNG Export Capacity, 2000-2020 70
10.5 Venezuela Company wise Planned Capital Expenditure 71
11 Analysis of Key LNG Companies in Venezuela 72
11.1 Petróleos de Venezuela S.A 72
11.1.1 Petróleos de Venezuela S.A- Overview 72
11.1.2 Petróleos de Venezuela S.A- Business Description 73
11.1.3 Petróleos de Venezuela S.A- LNG Strategies 75
11.1.4 Petróleos de Venezuela S.A- LNG Operations 76
11.1.5 Petróleos de Venezuela S.A- SWOT Analysis 77
11.1.6 Petróleos de Venezuela S.A- Contact Information 79
11.2 Galp Energia S.A 80
11.2.1 Galp Energia S.A- Overview 80
11.2.2 Galp Energia S.A- Business Description 81
11.2.3 Galp Energia S.A- LNG Strategies 83
11.2.4 Galp Energia S.A- LNG Operations 84
11.2.5 Galp Energia S.A- SWOT Analysis 86
11.2.6 Galp Energia S.A- Contact Information 88
11.3 Chevron Corporation 89
11.3.1 Chevron Corporation- Overview 89
11.3.2 Chevron Corporation- Business Description 90
11.3.3 Chevron Corporation- LNG Strategies 92
11.3.4 Chevron Corporation- LNG Operations 93
11.3.5 Chevron Corporation- SWOT Analysis 95
11.3.6 Chevron Corporation- Contact Information 97
12 Latest Developments in Venezuela LNG Industry 98
13 Appendix 116
13.1 Introduction to LNG 116
13.1.1 Widening Scope of LNG Globally 116
13.1.2 LNG Versus Pipeline Transport 117
13.2 Global LNG Markets Overview, 2011 118
13.3 LNG Conversion Factors 119
13.4 Definitions 119
13.5 About LNGReports 120
13.6 Sources and Methodology 120
13.7 Contact Information 121
13.8 Disclaimer 121 Table 1: South and Central America LNG Markets- Country
Benchmarking 21
Table 2: South and Central America Natural Gas Reserves and Production by
Country, 2010 22
Table 3: South and Central America Operational and Planned LNG Capacity by
Country, 2011-2015 23
Table 4: South and Central America LNG Utilization Rates, 2010 24
Table 5: Venezuela LNG Export Capacity Outlook, 2000- 2020 28
Table 6: Venezuela LNG Trade Volume Outlook, 2000- 2020 30
Table 7: Venezuela LNG Contracted Capacity Outlook, 2000- 2020 32
Table 8: Venezuela Proven Natural Gas Reserves, 2000-2010 35
Table 9: Venezuela, Marketed Natural Gas Production Forecast, 2000- 2020 37
Table 10: Venezuela Natural Gas Consumption Forecast, 2000-2020 40
Table 11: Venezuela Existing and Planned LNG Terminal Details, 2011 41
Table 12: Venezuela LNG Export Capacity by Terminal, 2000- 2020 42
Table 13: Venezuela Liquefaction Train Size and Count by Terminal, 2000- 2020 43
Table 14: Venezuela LNG Feed Gas Supply Fields by Terminal, 2011 44
Table 15: Venezuela LNG Shipping Tankers by Terminal, 2011 45
Table 16: Venezuela LNG Storage Capacity by Terminal, 2000- 2020 46
Table 17: Venezuela LNG Storage Tanks by Terminal, 2000- 2020 47
Table 18: Venezuela Annual LNG Trade Quantities by Importer, 2000- 2010 48
Table 19: Venezuela Monthly LNG Trade Quantities by Importer, January 2010-
December 2010 49
Table 20: Venezuela Average Monthly LNG Prices by Importer, January 2010-
December 2010 51
Table 21: Venezuela Monthly LNG Revenues by Importer, January 2010- December
2010 53
Table 22: Venezuela LNG Supply Contract Volumes by Country, 2011- 2020 55
Table 23: Terminal wise Contracted LNG Volumes, 2011- 2020 56
Table 24: Terminal wise Non- Contracted (Available) LNG Volumes, 2011- 2020 57
Table 25: Buyer, Market, Contract Volume, Duration, Delivery Type Details of
Existing Contracts by Terminal, 2011 58
Table 26: Buyer, Market, Contract Volume, Duration, Delivery Type Details of
Planned Contracts by Terminal, 2011 59
Table 27: Venezuela, Planned LNG Capital Expenditure by Terminal, 2011-2020 60
Table 28: Venezuela, Planned LNG Terminal Details (Location, Operator, Ownership
and Technology) 61
Table 29: Venezuela, Planned LNG Terminal Details (Source Fields, Tankers,
Infrastructure) 61
Table 30: Buyer, Market, Contract Volume, Duration, Delivery Type Details of
Contracts by Planned Terminals, 2011 62
Table 31: Venezuela LNG Capacity Expansions of Planned Terminals 63
Table 32: Venezuela LNG Companies Benchmarking (Capacity Index) 67
Table 33: Venezuela LNG Companies Benchmarking (Revenue Index) 68
Table 34: Venezuela LNG Companies Benchmarking (Investment Index) 69
Table 35: Venezuela Weighted LNG Capacity by Company, 2000- 2020 70
Table 36: Venezuela Company wise Planned Capital Investments, 2011- 2015 71
Table 37: Petróleos de Venezuela S.A- Top Level Information 72
Table 38: Petróleos de Venezuela S.A Existing and Planned LNG Operations by
Country, 2011 76
Table 39: Petróleos de Venezuela S.A Weighted LNG Export Capacity by Terminal,
2000-2015 76
Table 40: Repsol YPF- Top Level Information 80
Table 41: Repsol YPF Existing and Planned LNG Operations by Country, 2011 84
Table 42: Repsol YPF Weighted LNG Export Capacity by Terminal, 2000-2015 84
Table 43: Chevron Corporation- Top Level Information 89
Table 44: Chevron Corporation Existing and Planned LNG Operations by Country,
2011 93
Table 45: Chevron Corporation Weighted LNG Export Capacity by Terminal,
2000-2015 93
Table 46: Natural Gas (NG) and Liquefied Natural Gas (LNG) Conversion Factors
119
Figure 1: Venezuela LNG Export Terminals Map 14
Figure 2: Venezuela LNG Positioning Matrix 25
Figure 3: Venezuela LNG Export Capacity Outlook, 2000- 2020 28
Figure 4: Venezuela LNG Trade Volume Outlook, 2000- 2020 30
Figure 5: Venezuela LNG Contracted Capacity Outlook, 2000- 2020 32
Figure 6: Venezuela Natural Gas Reserves Comparison, 2010 34
Figure 7: Venezuela Proven Natural Gas Reserves, 2000-2010 35
Figure 8: Venezuela, Marketed Natural Gas Production Forecast, 2000- 2020 37
Figure 9: Venezuela, Primary Energy Consumption by Fuel (%), 2010 38
Figure 10: Venezuela Natural Gas Consumption Forecast, 2000-2020 40
Figure 11: Venezuela Annual LNG Trade Quantities, 2000-2010 48
Figure 12: Venezuela Monthly LNG Trade Quantities, January 2010- December 2010
49
Figure 13: Venezuela Average Monthly LNG Prices, January 2010- December 2010 51
Figure 14: Venezuela Monthly LNG Export Revenues, January 2010- December 2010 53
Figure 15: Venezuela LNG Supply Contract Volumes by Country, 2011 55
Figure 16: Venezuela LNG Market Shares by Companies, 2011 66
Figure 17: Venezuela Weighted LNG Capacity by Company, 2000- 2020 70
Companies Mentioned
Dubai Supply Authority, ADGAS, Qatar Petroleum
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