energy markets and implications for ccus deployment

Upload: recsco2

Post on 02-Mar-2018

221 views

Category:

Documents


0 download

TRANSCRIPT

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    1/44

    !"#$%&' )* !++,&

    -. )/&,01 2+33+4"5&6 %/4 748"6+,1 9&,8"#&6

    :&%,/;"' +,AD+,>$ 73&,"#%/ 2%,E+/ 2%@>?,& 9>+,%0& 766+#"%5+/ FD72297G

    H?/& IJ>$K LMIN O",3"/0$%3K 7P

    )/&,01 !%,Q&>6 R

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    2/44

    "#$ %&'()* +$,(-.$/ 0(1)* ($*($&$-'& 12$( , 3$-')(/ 14 #5&'1(/6 0(17'# ,-8 $93$..$-3$ 5- '#$ ,($, 14 **5-0&$(253$&: "#5& 4,&35-,;-0 .$0,3/ 5& , &)33$&& &'1(/ 3($,'$8 5./: ?$ *,-/ &11- *(1&*$($8,-8 $-0,0$8 5-6 ,>1-0 1'#$(&6 '#$ '(,8$ 5- .)>*,-/ 7#53# 31-'(,3'$8 '71 -$7*,-/ #,8 31-'(,3'$8 , 4)('#$( &59 )-5'&: H- '#$

    31-;-)$8 '1 $-0,0$ 5- 8$2$.1*5-0 5'& &@5..& 5- '#$ ,($, 14 **5-0 &$(253$& ,-8 7,& $-0,0$8 *(5>,(5./ 5- '#$ ,($,14 8(/ 3,(01 *$-' 7#53# &*$35,.5X$8 5- '#5& -$731>>185'/: %.. 5- ,..6 '#$ #5&'1(/ 14 '#$ 31>*,-/ #,& $( ,?@=&%,/'&1*/+U

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    3/44

    D+,>$ 73&,"#%/ 2%,E+/ 2%@>?,&

    9>+,%0& 766+#"%5+/VVV*/%##6%*+,0

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    4/44

    W$%> 4+&6 X4&A#%,E+/"Y%5+/ += &/&,01 F=+66"' =?&'6G

    E1 LMZM[**\ 3&%/]#G*abb-$7&(11>:)-4333:5-'b*,(5&b

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    5/44

    ^+4%1

    X^,"=>%\ += 8&,1 #$&%@ =+66"' =?&'6

    2;L

    2%,E+/ %/4 C%,E+/"Y%5+/ &/5+/%''1 P&_ O'%/Q

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    6/44

    X^,"=>%\ ;= -&,1 2$&%@ :+66"' :?&'6

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    7/44

    `9 2+%'a6 C,%3%5# 2$%/0&

    777:>,(@$'7,'3#:31>b&'1(/bc)>*d1-d'#$d0$1(0$d&1(1&d31,.d'(,5-dQIASdAIdIQ

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    8/44

    D%>0%6 FbbG 2+''%@6&b"6>+,"#%''1K D%>?,%' 0%6 ,&%#$&4 %/ %'' 53& $"0$ += IZ*Jc "/ C&3E&, += LMMZ %/4 % ,+,4 '+V += I*ML "/

    H%/?%,1 += IccL*

    777:'(,85-0$31-1>53&:31>b31>>185'/b-,')(,.d0,&

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    9/44

    PDd

    #G*&abb'75G$(:31>be.1

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    10/44

    W^< 2,?4& ;"' W+,Q"/0 b"0$&,**

    #G*abb777:'(,85-0$31-1>53&:31>b31>>185'/b3()8$d15.

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    11/44

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    12/44

    $ JAgAIN ,-8 0(17'#6 ,331(85-0 '1 ,)'#1(& 14, &')8/ *)(5', M$-6 3#5$4 15. ,-,./&' 14L-$(0/ %&*$3'&6 ,-8 %-)*,>, M$-6 &$-51( ($&$,(3# 4$..17 ,' '#$ F941(8 H-&;')'$:

    %-8 H-85,U& 8$2$.1*>$-' #,& 3#,(,3'$(5&;3& &5>5.,( '1 '#1&$ 14 E#5-, AIdAS /$,(& ,016 '#$ ,-,./&'&&,/:

    % 8$>,-8 &)(0$ 31>*,(,,(@$' -17

    &'()00.5-0 75'# &)(*.)&: C&3%/4 >,&/46

    E#5-$&$ 15.d8$>,-8 0(17'# #,& ($'($,'$8 '1 ,-86 >$,-7#5.$6 0($7 ,-8 5& 8$>1-&'(,;-0 '($-8& '#,' 7$($ 25&5,-8 41( 15. *(18)3'&6 $&*$35,../ 0,&1.5-$6 5& (,*58./ ,**(1,3#5-0'#,' 14 E#5-, c)&' $ 1- , *)(3#,&5-0 *17$( *,(5'/

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    13/44

    ,..$(d0.1,-8d0,5-&

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    14/44

    2$"/% )B@>6 ^+ P%1 ;k I*l !"''"+/

    W+,Q&,6 +,6 QdQDdAC E#5-, &,58 1- O1-8,/ 5' $9*$3'& '1 .,/ 1^ A:B >5..51- 71(@$(& 5- '#$ 31,. ,-8 &'$$.

    5-8)&'(5$&6 1( ,$ E#5-, #,& 052$- V0)($& '#,' )-8$(.5-$ '#$ >,0-5')8$ 14 5'& ',&@ 5- 8$,.5-0 75'#&.175-0 0(17'# ,-8 5-6 '#$ >5-5&'$( 41( #)>,- ($&1)(3$& ,-8&135,. &$3)(5'/6 '1.8 , -$7& 31-4$($-3$ '#,' A:R >5..51- 71(@$(& 5- '#$ 31,. &$3'1( 31).8 .1&$ c1 '#$ &'$$. &$3'1(:

    E#5-,h& 31,. ,-8 &'$$. &$3'1(& $>*.1/ ,$-' 14 , '1',. 14 A:B >5..51- 71(@$(&: "#5&',&@ 75.. *.1/>$-' ,-8 ,-/ *1&&5/ 0($7 C:D *$(3$-' 5- QIAS6 '#$ 7$,@$&' 5- QS /$,(&6 ,-8 '#$012$(->$-' ,5>& '1 ,3#5$2$ $31-1>53 0(17'# 14 C:Sd_ *$(3$-' 5- QIAC: s"#$ $31-1>/ 4,3$&($.,;2$./ $ V(>& 4,3$ 85t3).;$& 5- *(18)3;1- ,-8 1*$(,;1-67#53# 71).8 .$,8 '1 5-&)t35$-' $>*.1/>$-'6s r5- &,586 ,885-0 '#,' 5-3($,&5-0 0(,8),'$& '#5& /$,(71).8 ,.&1 ,88 *($&&)($ 5- '#$ c1< >,(@$':

    #G*abbV-,-3$:/,#11:31>b-$7&b3#5-,d$9*$3'&d.,/d1^dAdIQRAgIBgC:#'>.p>@'f'1@qRu@OOi??4+D7&u10),cW8F

    wQ+#>c"LvSXA_)@@?Z?R0g@XQL+/$wQJWHxL"*183OMO*0O_2rjJ3$Li#Z/yi9k(R+i`%`/&u)u#j0E7wRjwRj

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    15/44

    H%@%/ )/8",+/3&/> !"/"6>,1e6 2+%' .'%/>

    f&8&,6%' 2%6>6 C+?E> ;/ 2;L

    .'&40&

    QdQQdAC "#$ $-25(1->$-' >5-5&'(/ 5&&)$8 (,($ 15&&51-&:

    !" $%&%' ()*" +)%,- *. .&)' /& 0*" &.1)+ +)*%02 3%+4)* 0' !&+025 6.3&%'0)" %+) +/"70'( *. 8/02, 9:6.%2;$-',. >5-5&'(/ 5&&75'3#5-0 &58$& '1 ,**(12$ -$7 31,. *17$( *.,-'&: "#5& ()-& 31)-'$( '1 '#$ 0.15@1 x5(,', 5-'$(-,;1-,. 85($3'1( 14 .1/6 "(,8$ ,-8 H-8)&'(/ 5& &$' '1 ;0#'$- 5'& ().$&12$( 31,.dV($8 *17$( &',;1-& 4(1> %*(5. A6 5-3.)85-0 5&&)5-0 -$7 -1-d$-'& 1- '#$#$,' $t35$-3/ 14 -$7 ,-8 $95&;-0 *.,-'& '1 3)(< $>5&&51-&:

    C.%2 0" %A+%6DE) 8)6%/") 0* 0" *7) 67)%&)"* B.""02 B/)2 "./+6) %', &+06)" 7%E) "2/3&), 0' +)6)'*-)%+"? $%&%' 7%" */+'), *. *7) )')+(- "./+6) 0' +)6.+, %3./'*" "0'6) *7) F/4/"703% ,0"%"*)+ 0'=>GG 2), *. *7) "7/*,.1' .B +)%6*.+"?

    % 0(1)* 14 RC *17$( 31>*,-5$&6 7#53# &)**./ DD *$(3$-' 14 '#$ 31)-'(/h& $.$3'(535'/6 #,2$ ,.&141(>$8 , -$7 $,&)($& '1 '(5> $>5&&51-& ,-8 >$$' '#$ 5-8)&'(/h& 21.)-',(/ 01,. '13)' $>5&&51-&

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    16/44

    4:1(0bQIASbAQbIQb'#$d*(53$d14d15.d,-8d'#$d*(53$d14d3,(

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    17/44

    `9 .,&6"4&/> .,+@+6&6 mIM O%,,&' ;"' ^%B

    JJE +$>$ '#,' 5-3.)8$& , {AI:QS *$(

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    18/44

    2;L

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    19/44

    :+66"' :?&'6K 22`9 7/4 2+33+4">1 2;L:+,

    `5'"Y%5+/ 7/4 );f

    EFQ);.5X,;1- ,& , 31>>185'/ 4$$8&'13@

    E1-2$-;1-,. >,')($ Ok} EFQdLFu EFQdLFu 5- uF} )-8$( Ok} ,-8 0($$- V$.8

    4,5(7,/&

    EFQdLFu 5- M#,.$

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    20/44

    .$16"#%' 2;LT 7 -%'?%E'& 2+33+4">1

    M1)(3$a 777:-$'.:81$:012b($&$,(3#b31,.b3,(

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    21/44

    ^$& d'+E%' 2;L

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    22/44

    9Q1+/"#VVV*6Q1+/"#*#+3U

    E,*5'1. M@/O5-$ k.,-' dd W13,'$8 5- M,- %-'1-516 "$9,&6 E,*5'1. M@/O5-$ 5& $9*$3'$8 '1 3,*')($ _S6III '1-& ,--),../14 1'#$(75&$d$>5G$8 EFQ 4(1> '#$ 31,.dV($8 E,*5'1. %00($0,'$& E$>$-' *.,-'6 ,-8 1^&$' ,-1'#$( QQS6III '1-& 14,--),. vM EFQ $>5&&51-& 53,.& '1 >,(@$' ,-8 85&*.,35-0 EFQd5-'$-&52$ *(18)3'&: F)(*(13$&& ,.&1 ($>12$& >$(3)(/6 >$',.&6 &).4)( 851958$6 -5'(10$- 1958$& ,-8 *,(;3).,'$ ,-8 ($')(-& 3.$,- ,5( ,-8 3.$,-7,'$(:

    E,*5'1. M@/O5-$ *(18)3$& 31>>$(35,../ &,.$,,(@$': "#$ *(1c$3' 5& '(,85;1-,../ 8$,-$-' 1-d&5'$ *1&5;1-&6,**(195>,'$./ AbR(8 ,($ $-05-$$(&6 AbR(8 1*$(,;1-,. '$3#-535,-&6 ,-8 AbR(8 , 31>,-,0$>$-' ,-8 $-05-$$(&z#50#d*,/5-0 '$3#-53,. c1

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    23/44

    2;L`5'"Y%5+/ W+,Q 7> 9%?4" 7,%3#+

    777:3&.41()>:1(0b>$$;-0&b(5/,8#QIASb5-8$9:#'>.

    777:3&.41()>:1(0b*)$-'&b(5/,8#QIASbO$,(5d

    M,)85%(,

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    24/44

    v&5-0 , , *,'$-'$8 '#$(>18/-,>53 3/3.$ 3,..$8 '#$ %..,> E/3.$6 `L" k17$( 5& , '1 5-#$($-'./ $.5>5-,'$ ,.. ,5($>5&&51-&: "#5& >$,-& -1 3,(1&*#$($: % `L" k17$( *.,-'U& 1-./ >,c1( 14 3,($(& 14 7,'$(: `L" k17$( *.,-'& 81-U' )&$ &'$,> 41(*17$( *(18)3;1-6 &1 '#$/ 3,- ,3'),../ $.5>5-,'$ 7,'$( 31-&)>*;1- 41( 1-./ , &.50#' ($8)3;1- 5-*.,-' $t35$-3/:

    #G*&abb-$'*17$(:31>b

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    25/44

    )B@&,56&UC&8&'+@&,6 )B"6>6 :+, 22`9

    2;LA);f C&8&'+@3&/>

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    26/44

    f&6"4?%' ;"' n+/& FXf;n\G :+?, 2+?/5&6

    oIMM E"''"+/ OE'6 ;"' $-' 5-853,'$& '#,' 12$(AII $-'&:

    [+1)( 31)-'/ &')8/ ($.$,&$8 5-j$3$>

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    27/44

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    28/44

    2%,E+/ R C%,E+/"Y%5+/

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    29/44

    `12$>$-' 31-3$(-&dH-2$&'1(& 0(1)* 75'# _:R

    '(5..51- 14 ,&&$'& ,&@& $-$(0/ 05,-'& ,,-8 41( 15. ,-8 31,.:

    #G*abb777:'#$0),(85,-:31>b&)&',5-,

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    30/44

    D+,V%1 2+/p,36 mcMME/ 9+8&,&"0/

    W&%'>$ :?/4e6 !%q+, 2+%' C"8&6>3&/>

    !%1 Lg>$K LMIZ "#$ 8$35&51- '1 852$&' `1(7,/U& {DgS> 4)-8 4(1> 31,. ,&&$'& 7,& >,8$ 1- Q_ O,/6 7#$- ,- ,0($$>$-'

    ,../ *,&&$8 $-',(/ 21'$ 1- +(58,/: M2$5-+.,,G$-6 14 '#$ 012$(-5-0 E1-&$(2,;2$ *,('/6 &,58 31,. 5-2$&'>$-'& 7$($ >5' 5- j$3$>$41&&5. 4)$. ($&$(2$& )-,../ $-81(&$8 '#$ >12$ '1 &$.. 1^ 31,. 5-2$&'>$-'& 4(1> 5'& {DII,(@5-0 , -$7&)33$&& 41( '#$ 4,&'d0(175-0 ,-8 v`d,'$ 3#,-0$ 3,>*,50-:

    % -$7 ,-,./&5& &,58 '#$ 4)-8 71).8 &$.. 1^ 12$( {B,c1( $-$(0/ 31>*,-5$& 58$-;V$8 5- '#$ ,-,./&5& ,- ,-8 `1(7$05,- `eF& ,($ e$(>,-/U&

    L:F` [{CBS>\ ,-8 u?L [{RQI>\ ,-8 '#$ j,-5 31>*,-/ j1-0 [{RI>\6 7#53# 5& 1=$- ,&&135,'$8 75'#75-8 $-$(0/

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    31/44

    73E"5+?6 .'%/ ^+ r&&@ :+66"' :?&'6 1(,'1(5)> 1- -$7 .$,&$& 41(1^($ 8(5..5-0 z ,-8 $-8 3)(($-' .$,&$& '#,' ,($ -1' *(18)35-04)$. z 5- '#$ k,35V3 F3$,- ,-8 '#$ e).4 14 O$95316 7#$($ '#$-,;1-U& 15. ,-8 0,& 5-8)&'(/ 5& 3$-'$($8: %-8 5' 71).8 *(1#5

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    32/44

    !+8&3&/> 70%"/6> `9 9$%'& d%6

    J)(.2)') K.-%2 *.2, 2%13%4)+" L%- G>5

    =>GM "7) 0" 10220'( *. f31-'$-'qf&1)(3$q'75G$(:31>K)'>f3,>*,50-q

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    33/44

    9%?4" 7,%3#+ %/4 !+E"'& 9+?,#&6 2;L2%@>?,&

    F5. 81$& -1'$>5' EFQ

    J)' 1)(

    3)&'1>$(U&3)&'1>$(& 81::

    M1 7$ #,2$052$- '#$>

    '#$ 1*;1- '13,*')($ '#$5(EFQ54 '#$/7,-' '1

    777:3&.41()>:1(0b*)$-'&b(5/,8#QIASbO$,(5dM,)85%(,

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    34/44

    9%?4" 7,%E"% ^+ 9&'' .%,> ;= 7,%3#+AA

    9$"_ :,+3 ;"'s`9 mL ^,"''"+/ -%'?%5+/

    "#$ ?1(.8 "18,/ d15.b

    _RCIRBB

    j$*)'/ 3(17- *(5-3$ O1#,>>$8 ,- d &$31-85- .5-$ '1 '#$ M,)85 '#(1-$ d #,& 8$&3(51($ '#,- vMQ '(5..51-:

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    35/44

    O&1+/4 2+%'K ;"' %/4 D%>0%6 !"#$% '()*+ ,-'. /0#1 2034 567 589 :%;3)=%%$?=3@= A";1= B$)*

    7=30 /;CD ;E 5$=##0 F%GG95*7) J0)++% C2/8 ,)60,), *. 3)+() 0*" c)-.', R%*/+%2 S%" %', c)-.', f02)I.+*" 0'*. % 6%3&%0(' 6%22), c)-.', g0+*- F/)2"?

    h) %+) ,.0'( )E)+-*70'( 1) 6%' *. 8+0'( *7) "%3) )Y&)+D") *7%* 1)8+./(7* *. *%40'( ,.1' *7) 6.%2 0',/"*+- %', 6.%2;

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    36/44

    &/5+/%''1 P&_ O'%/Q

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    37/44

    D%5+/%' 2+%' 2+?/#"' f&@+,>

    XQ)E)20'( *7) H2%-0'( F0)2, B.+ Q.1

    C%+8.' C.%2O

    `,;1-,. E1,. E1)-35.dd% +$8$(,. %825&1(/ E1>>5G$$ '1 '#$v:M: M$3($',(/ 14 L-$(0/: "#$ `EE *(1258$& ,8253$ ,-80)58,-3$ 1- , 31-;-)5-0 ,G$(& ($.,;-0'1 31,.

    u$*1(' 5&&)$8 '#$ +,.. 14 QIAS

    k1.53/ k,(5'/#G*abb777:-,;1-,.31,.31)-35.:1(0b&')85$&bQIASbW$2$.5-0d'#$dk.,/5-0d+5$.8d41(dW17dE,(

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    38/44

    W$%> 4+&6 X4&A#%,E+/"Y%5+/ += &/&,01 F=+66"' =?&'6G

    E1 LMZM[**\ 3&%/]#G*abb-$7&(11>:)-4333:5-'b*,(5&b

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    39/44

    u?&65+/6 R ^$%/Q i+?v

    !"#$%&' )* !++,&

    -. )/&,01 2+33+4"5&6 %/4 748"6+,1 9&,8"#&6

    :&%,/;"' +,

    D+,>$ 73&,"#%/ 2%,E+/ 2%@>?,& 9>+,%0& 766+#"%5+/

    VVV*/%##6%*+,0

    33++,&w=&%,/+"'*#+3 ^&'T LlIAgZcAMLxZ

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    40/44

    744"5+/%' 9'"4&6

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    41/44

    !"66"66"@@" .+V&, r&3@&, #G*abb777:>5&&5&&5**5*17$(:31>b@$>*$(b813&bygfQIARN$>*$(k(10($&&u$*1(':*84

    SBQd>$0,7,G 5-'$0(,'$8 0,&5V3,;1- 31>>$(35,. &3,.$ EEvM *17$( *(1c$3' 5- '#$ vM

    EFQ015-0 41( LFu ,-8 );.5X,;1-

    m5&5'$8 1- i,-),(/ QQ-8 QIAS '#$ *17$(

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    42/44

    D+,V&0"%/ -"6"> >+ D%8%q+ D%5+/

    g+? $."*)0' %,,), *7%* R.+1%-7%" % "*+.'( 0'*)+)"* 0' 1.+40'(10*7 *7) R%E%j. R%D.' %',7.&)" *. %0, 0' *7),)E)2.&3)'* .B % 3.+) )k60)'*%E)'/) .B 62)%' 6.%2 8/+'0'(5???

    f') .B *7.") *)67'0l/)" 0" %'W'*)(+%*), S%"0

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    43/44

    2$"/%a6 DCf2 %/4 2;LA);fU22`9

  • 7/26/2019 Energy Markets and Implications for CCUS Deployment

    44/44

    29P: .,&A.%,"6 !&&5/0