IHS CERAWeek 2015: Takeaways from Day 3

April 23, 2015

IHS CERAWeek 2015 is in full swing now. Our team in Houston is keeping you up to date tweeting highlights of the day. The third day of the event was focused on natural gas.

What follows are takeaways from Day 3 (April 22, 2015):

@eni CEO Descalzi: gas from East Africa possible game change. #SouthCorridor. #EnergyUnion @MarosSefcovic #CERAWeek

— J. Femke Hoogeveen (@JFemkeHoogeveen) April 22, 2015

@eni_PR CEO Descalzi: Mozambique FLNG FID scheduled for 2015 pic.twitter.com/XIGhWRYZk0 — Bartolomej T (@BartolomejT) April 22, 2015

“In Europe we have to go from 28 markets to one market” says CEO Descalzi, @eni @eni_PR #CERAWeek

— J. Femke Hoogeveen (@JFemkeHoogeveen) April 22, 2015

@eni_PR First gas shipment from our Mozambique field to happen in 2020, @eni CEO says at #CERAWeek @offshoreenergyt — Bartolomej T (@BartolomejT) April 22, 2015

@eni_PR First gas shipment from our Mozambique field to happen in 2020, @eni CEO says at #CERAWeek @offshoreenergyt

— Bartolomej T (@BartolomejT) April 22, 2015

@eni_PR CEO Descalzi: I am very positive about future of gas. #CERAWeek pic.twitter.com/Tb68K6ZI8l — Bartolomej T (@BartolomejT) April 22, 2015

@Shell‘s Andy Brown: I’m convinced of the role of natural gas, you’re convinced. Now policy makers should be convinced. #CERAWeek

— J. Femke Hoogeveen (@JFemkeHoogeveen) April 22, 2015

@Shell upstream director: Renewables transition will not happen over night. Fossil fuels here to stay #CERAWeek pic.twitter.com/CpR05d5NMs — Bartolomej T (@BartolomejT) April 22, 2015

@Shell upstream director: 11 of 14 modules already installed on Prelude #FLNG. #CERAWeek

— Bartolomej T (@BartolomejT) April 22, 2015

JOGMEC working on development of offshore methane hydrates to help Japan’s gas needs, President says at @CERAWeek @offshoreenergyt — Bartolomej T (@BartolomejT) April 22, 2015

JOGMEC president: Japan working on diversification of #LNG import sources #CERAWeek pic.twitter.com/wbPSRPjeYp

— Bartolomej T (@BartolomejT) April 22, 2015

It will take more than 10 years to commercialize methane hydrates offshore Japan, JOGMEC President says at @CERAWeek @offshoreenergyt — Bartolomej T (@BartolomejT) April 22, 2015

Petrofac CEO calls for closer operators/contractors coop. “We’re facing the same challenge of monetizing difficult hydrocarbons”. #CERAWeek

— J. Femke Hoogeveen (@JFemkeHoogeveen) April 22, 2015

Petrofac CEO: Time in cycle to go back to the drawing board. We need to find ways to improve. #CERAWeek @offshoreenergyt — Bartolomej T (@BartolomejT) April 22, 2015

#Petrofac CEO: If costs remain this high, millions of barrels of North Sea oil will remain undeveloped. #ceraweek @offshoreenergyt

— Bartolomej T (@BartolomejT) April 22, 2015

@lukoilengl VP, low oil prices are forcing us to delay complex projects, and focus on developing simple ones. #ceraweek @offshoreenergyt — Bartolomej T (@BartolomejT) April 22, 2015

Lukoil VP Gaidamaka: 70-80% of our CapEx and 90% of our OpEx is in ruble so collapse of ruble serious effect on costs level. #CERAWeek

— J. Femke Hoogeveen (@JFemkeHoogeveen) April 22, 2015

“Costs will always find a home, usually the operators’, as they are deepest”, says @VinsonandElkins partner Kaam Sahely. #CERAWeek — J. Femke Hoogeveen (@JFemkeHoogeveen) April 22, 2015

Cheniere CEO: Oil indexation no longer a proper way to price gas and lng #CERAWeek

— Bartolomej T (@BartolomejT) April 22, 2015

CNPC’s Research Institute VP Qian Xiingkun: share of gas in China’s primary energy consumption 5.8% ; global average at 23.7% #CERAWeek — J. Femke Hoogeveen (@JFemkeHoogeveen) April 22, 2015

Russian gas exports to Northeast Asia uncertain due to game among great powers, says CNPC speaker #CERAWeek

— J. Femke Hoogeveen (@JFemkeHoogeveen) April 22, 2015

Qian: Strengthen mutual trust & benefits between RF & China> more gas to China. And get a price competing w coal… #CERAWeek — J. Femke Hoogeveen (@JFemkeHoogeveen) April 22, 2015