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Day 1 – 28 February 2023

Solutions For Sourcing New LNG Supply & Maximizing Import Capacity

And Cost Effectively Advancing Infrastructure Needed Quickly

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08:30 Coffee And Registration

09:00 Chair’s Opening Remarks

Andrew Loose, VP, Integrated Gas EMEA, Worley

KEYNOTE OPENING PANEL – IDENTIFYING NEW, COST-EFFECTIVE LNG SOURCES FOR EUROPE

09:10 New LNG Supply For Europe From The Global Market: A Look At Supply, Demand And Pricing Dynamics In The Face Of Intense Competition For Cargoes  

LNG demand is increasing worldwide. A substantial amount of LNG is already covered by long-term contracts. How can LNG be secured, given that demand is rising, but production capacity is not necessarily increasing at the same rate? Should European nations, for example, enter into long-term gas sales contracts with countries with extra power?

09:10 Identifying Potential Solutions To The Main Challenges For The Global LNG Market Now And In The Future — How Much LNG Will Be Available And When? 

Rystad Energy will first give their perspective on how they are looking at the market—analyzing what is currently occurring in the global LNG market and talking through potential solutions to address the fundamental difficulties driving a distressed LNG market.

• Global energy crisis and loss in Russian volumes – European LNG imports and new upcoming ragas capacity
• Asia away from the spot market
• US LNG export outlook
• Global LNG contracted volume (imports/exports)
• Global LNG supply/demand
• Asia and Europe to dominate growth in Global ragas capacity
• Global regasification utilization
• Global LNG supply and demand balance and market tightness

Nikoline Bromander, Senior Analyst, Rystad Energy

09:35 Projecting A New Equilibrium On LNG Pricing And Contracting Strategy & Identify Potential Solutions – What Is Happening Today In The European Market?

This session provides a general perspective and a regional focus on how Europe may gain access to new LNG sources, identify the optimal contracting strategy and provide greater clarity on the specific timelines for US exports.

Andreas Schroeder, Head of Energy Analytics, ICIS

10:00 – 10:20 Extended Questions & Panel Discussion Session On New LNG Supply For Europe From The Global Market

Andreas Schroeder, Head of Energy Analytics, ICIS

Nikoline Bromander, Senior Analyst, Rystad Energy

Toby Copson, Global Head of Trading, TRIDENT LNG

10:20 – 10:50 Morning Refreshment Break In The Exhibition Area

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Terminal Operator Perspectives On Expanding LNG Import Capacity and Pipeline Infrastructure

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PANEL – SOLUTIONS FOR EXPANDING LNG IMPORT CAPACITY IN ITALY (CIRCA 2026)

10:50 NEW INVESTMENT OPPORTUNITIES TO EXPAND ITALY'S ABILITY TO IMPORT MORE LNG Developing A Roadmap For Expanding Italy's LNG Import Capacity Through FSRU Leasing And Gasification Expansion - Where Do We Stand In Early Winter 2022-2023, And What Have We Learned So Far? What Is The Roadmap For The Longer Term?

• Market overview of current Italian LNG import infrastructure & supply chains
• Challenges and hurdles for the development of LNG import infrastructure
• The role of FSRUs in adding import capacity within a short period of time
• What infrastructure will be required over the following years? 
• How many on-shore LNG import terminals will be necessary during the next two decades?
• Assessing the lifespan of LNG projects in the context of decarbonisation 
• The role of Italian bio-LNG facilities

Jan Schubert, Commercial Director - LNG Bunkering, Avenir LNG

11:15 Olbia LNG EnerClima 2050 Project Vision and Solutions for Energy Autonomy and Decarbonization 

Antonio Nicotra, CEO, Olbia LNG

11:40 Prospects For Energy Security In Italy Seen By Oil & Gas Terminal Operators, Focusing On Existing And In Progress LNG Terminals

Federico Rossi, Manager for Energy Transition and European Union Policies, Assocostieri

12:05 - 12:25 Extended Questions and Panel Discussion

12:25 - 13:25 Networking Lunch 

PANEL – SOLUTIONS FOR EXPANDING LNG IMPORT CAPACITY IN THE SHORT TERM (CIRCA 2026)

13:25 BALTIC REGIONS LNG FLOWS The Roadmap For Expanding LNG Import Capacity For Finland & The Baltic Regions

To guarantee reliable gas supplies from sources other than Russia, the Baltic States unquestionably need to increase their regasification facilities. The only LNG regasification terminal in the Baltic States is the FSRU Independence, which is currently docked at Klaipeda, Lithuania. There are additional LNG airport expansion plans in Estonia/Finland (a joint venture) and Latvia. Recently, Gasgrid Finland and Fortum signed a Letter of Intent to have the first floating LNG terminal vessel in Finland, the Exemplar, dock at Fortum's Inkoo port.

• The short to medium-term view on the demand and supply balance of LNG in the region
• Increasing LNG import and regasification capacity in the Baltic regions
• Evaluating how much power will be available when the new FRSUs come online
• Investment priorities for the short and longer-term – what infrastructure will be required next year?
• How many on-shore LNG import terminals will be necessary during the next two decades?
• Assessing the lifespan of LNG projects in the context of decarbonization  
• Otherwise, will FSRUs continue to be employed as stopgap measures?

Priit Heinla, Head of FSRU, Elering

13:50 Questions & Answers

13:55 FSRU's IN GREECE  Priorities for Energy Security Investment in Greece and the Balkans: Increasing LNG Import Capacity and Evaluating How Many FSRU Terminals May Be Required

The capacity of the Revythoussa LNG terminal on the islet just off Athens has been increased by 70% thanks to a new floating storage unit. The terminal is now getting more LNG shipments. But adding more FSUs to meet capacity needs can't be ruled out. Separately, Bulgaria's government wants to increase the LNG it gets through Greece to take advantage of the upcoming opening of the Greek-Bulgarian IGB pipeline. The goal of this session is to explain how much LNG import capacity is available in the Balkans and what other investments may be needed.

• Increases in LNG import and regasification capacity in Greece and the Baltics; Short- to medium-term outlook on the demand and supply balance of LNG in the region
• Assessing the amount of available capacity after the new FRSUs are operational
• What sorts of facilities will be needed for the coming year, and what types of investments should have top priority?
• How many domestic LNG import terminals will be required in the next 10-20 years?
• Assessing the lifespan of LNG projects in the context of decarbonisation 
• Will FSRUs otherwise remain used as interim solutions?

Michael Thomadakis, Director of Strategy and Development, DEFSA

14:20 Questions & Answers

14:25 Extended Questions and Panel Discussion

14:45 Afternoon Networking Break

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Comparing The Economic Feasibility Of Onshore Terminals And FSRUs In Relation To

The Lifespan Of LNG And The EU’s Longer-Term Decarbonization Goals

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PANEL – ONSHORE TERMINALS Vs FSRU’s

This panel session evaluates whether LNG is needed as a transition fuel for the next two decades and whether there is confidence in meeting that demand. Alternatively, if FSRUs are a more cost-effective short-term solution, will their deployment be enough to handle sufficient import and distribution capacity?  An extended curated discussion will follow three high-level cases case studies.

15:15 BIG PICTURE ANALYSIS OF FRSU IMPLEMENTATION OPTIONS FOR 2023 ONWARDS Understanding Different Options For Fast Tracking FRSU Implementation, Including Cost-Effective "Plug-and-Play" Solutions

Now that FRSUS are an established solution, various implementations are starting to appear on the market. Yet, there are currently significant waiting lists for FSRUs. Technology deployment can be approached from multiple angles, including conversion of LNG ships, purchasing floating facilities outright or signing up for a service contract. In addition, there are a variety of technologically-relevant alternatives to consider. Given the setbacks experienced by conversion projects and the limited supply of FSRUs and FSUs, this discussion will examine various options and potential solutions.

• Evaluating more cost-effective modular solutions can help standardize FSRU deployment in the most cost-effective way possible.
    - Topside modular solutions
    -  New solutions for turrets
    -  Innovation in the fabrication of structures, including flare towers
    -  Innovations in electronics and electric systems to support FSRU
    -  Scalability
    -  Easy maintenance
• FSRU vs FSU Recognizing when it might be beneficial to install a separate regasification module on land
    -  Is there ever a time when a floating storage unit (FSU) with its dedicated on-land regasification module would be the best option?
• Foreseeing how much investment and what sorts of facilities will be needed to sustain FSRU deployment in the intermediate to longer-term
• Sharing experiences on the fast-tracking conversion of LNG ships
• Conclusions and takeaways

Laurent Moriceau, Operations Manager, Reganosa

15:40 Questions & Answers

15:45 Implementing Successful FSRU Projects, That Are Flexible & Scalable, Including Maritime Infrastructure Upgrades, Rapid Permitting, and Port Service Agreements

Since the Ukraine conflict broke out, several LNG import projects in Europe have been brought online in record time and at prices that would not have been possible without the expansion of FSRUs in the region. In this discussion, we'll examine the difficulties of implementing these regasification strategies at sea, which aren't always predictable and, in some cases, are still being learnt. Plug-and-play systems may not always be practical as they are commonly referred to in the business world. To maximise the overall benefits of obtaining an FSRU for the project, the parties should examine the risks associated with the project and account for the possibility of complexity and delay from the outset.

• Fast-tracking the project feasibility studies depending on maritime, technical and site conditions
• Rapidly identifying contractors for construction and operations work for the interconnecting marine infrastructure. 
• Minimising costs with the existing harbour facilities and considering single berth, double berth or offshore mooring
• Controlling project development costs at new locations
• FSRU procurement and chartering models – new build versus existing vessel
    -  In what situations are new bodies more appropriate?
    -  Handling the shortage of shipyards available for conversion
    - Chartered vessels – Best practices on ensuring flexible charter terms and negotiating bespoke charters
• Optimising financing arrangements for different components of the project 

Dainius Sivicks, Head of LNG Business Development, KN

16:10 Questions & Answers 

16:15 Introduction of the LNG carrier-to-FSRU Conversion Technology and GAS Entec's Lessons Learned

• Brief Introduction of GAS Entec
• Considerations for LNGC-to-FRSU Conversion
• GAS Entec's Unique concept for Conversion
• General Schedule of Conversion
• GAS Entec's References & Lesson Learned

Chong-Ho Kwak, CEO, GAS Entec

16:40 Questions & Answers 

PANEL AND AUDIENCE DISCUSSION – ONSHORE TERMINALS Vs FSRU’s

16:45 Cost-Benefit Analysis of Onshore Terminals vs FSRUs Over Their Lifetimes, Taking Into Account Capacity, Cost, Risk, and Payback

How likely will Europe increase its reliance on LNG imports in the long run?

How many on-shore LNG import terminals will be necessary during the next two decades?

Otherwise, will FSRU's continue to be employed as stopgap measures?

What are the most important lessons that can be drawn from the autumn and early winter months of 2022/23 regarding deploying FSRUs as a short-term solution and maximising gas interconnectivity throughout Europe?

This discussion aims to clarify the availability of LNG import infrastructure in critical European nations and what will be required for winter 2023/24 and beyond.

• Comparing Onshore Terminals vs FSRUs Over Their Lifetimes, Taking Into Account Capacity, Cost, Risk, and Payback

• Expanding The Skill Pool To Meet The Predicted Future Demand Of FSRUs In Europe

• Comparing Scope 1 – 3 Emissions Of FSRUs Relative To Onshore Import Facilities

17:00 Chair’s Closing Remarks 

17:10 - 18:10 Evening Drinks Reception