Strategic Guide to Global Gas Companies

Transcription

1 Strategic Guide to Global Gas Companies Gas markets are moving increasingly towards competition, such as those in the UK and parts of Latin America, which are fully competitive. Many other markets, such as North America, the EU, Asia and Australia are rapidly moving in the same direction. The Strategic Guide to Global Gas Companies highlights the measures being taken by each company including restructuring, expansion of services and strategic alliances. The companies profiled within this report represent a solid over view of the global gas market, including the leading gas companies, in terms of natural gas volume sales, while also including utilities from all regions across the globe. In this rapidly developing and restructuring market, you will need not only the most up-to-date information, but also reliable analysis. Strategic Guide to Global Gas Companies will provide you with a level of information and analysis that is unsurpassed in the industry. Published in December 2000 Available in Print for $895 USD, Available in PDF/Acrobat format for $1195 USD 1

2 Strategic Guide to Global Gas Companies Executive Summary This strategic management report examines the leading gas companies in the world, analyzing their structure, operations and strategies. The 50 company profiles include details of companies operations in the natural gas markets as well as their activities of a more diversified nature. The companies were selected to include the leading gas companies in terms of natural gas volume sales, while also including utilities from all regions across the globe, such as Scandinavia, Asia and Latin America, so as to provide a representative overview. The gas markets in the East, such as China, India, Malaysia and Thailand, are experiencing particularly rapid growth. The report includes vertically-integrated companies active in production, gathering, transmission and distribution as well as companies operating in transmission and distribution only. While some gas markets are already fully competitive, such as those in the UK and parts of Latin America, many other markets, such as North America, the EU and Australia, are rapidly moving in the same direction. The industrialized nations of Asia and some emerging markets are also committed to creating competitive gas markets in the medium term. This report highlights the measures being taken by each company as markets become deregulated, including restructuring, expansion of services and strategic alliances, all of which are designed to protect each utility s existing customer base while seeking to acquire new business elsewhere. In nations with a developing gas industry, the priority for the gas markets is privatization in order to find the expansion of the natural gas network. As the economies of Asia, Latin America and Eastern Europe expand once more after a serious economic downturn and the transition associated with the transition from state-controlled to market-driven economies, state-owned utilities are being restructured and gas transmission and distribution businesses sold to private investors. In response to liberalisation and greater competition the global gas industry has witnessed merger activity on an unprecedented scale in the recent past, in particular in North America. Some of the more innovative corporate combinations have stopped short of an outright merger, preferring instead to take the form of joint ventures and strategic alliances, in part because the latter are subject to less 2

3 stringent regulatory reviews than are mergers. Another trend that these profiles show is the convergence of the natural gas and electricity industries. As natural gas has become the fuel of choice for new generation capacity across the world and gas deregulation is generally accompanied or preceded by similar developments in the electricity sector, gas companies are looking to acquire power generation assets, with the sector also witnessing a number of convergence mergers between electricity and gas companies. The latter has been particularly prevalent in North America where many companies now pursue an integrated wellhead-to-burnertip strategy. Some European energy utilities are going even further by following the multi-utility model, seeking to offer services such as water, telecommunications and waste services. The profiles also reveal the industry s increasing internationalization as the leading players venture beyond their shores to spread risk and to achieve greater returns. The increasingly global nature of the energy industry is driven by privatization and restructuring in emerging markets and rapidly growing electricity and gas demand there. The report also explains the extent to which traditional gas companies move into power generation, including cogeneration, and provides details of the range of diversification activities companies are pursuing. Gas companies are also promoting new applications for natural gas to reduce pollution and diversify energy consumption. These include natural gas vehicles, gas-fired air conditioning and fuel cells. Moreover, as markets become deregulated gas companies are increasingly seeking marketing opportunities outside their traditional franchise areas to improve profitability and create shareholder value. 3

4 Strategic Guide to Global Gas Companies Table of Contents Chapter 1 Australian Gas Light Company Summary 29 Overview 29 Company Structure 29 Review of Operations 30 Energy Infrastructure 30 Energy Sales and Marketing 31 LPG 31 Power Generation 32 International Business 32 Property 32 Subsidiaries and New Ventures 32 Mergers and Strategic Alliances 33 Key Personnel 34 Financial Performance 34 Company Strategy and Future Developments 35 Chapter 2 BEB Summary 36 Overview 36 Structure 37 Review of Operations 37 Gas Sales 37 Gas Transportation and Storage 38 Gas Purchasing and Production 38 Subsidiaries and New Ventures 38 Mergers and Strategic Alliances 39 Key Personnel 39 Financial Performance 39 Company Strategy and Future Developments 40 Chapter 3 BG Summary 41 Overview 41 Structure 42 Review of Operations 43 Transco 43 BG Storage 43 4

5 BG International 44 Exploration and Production 44 Liquefied Natural Gas 44 Transmission and Distribution 45 Power Generation 46 Subsidiaries and New Ventures 46 Mergers and Strategic Alliances 46 Key Personnel 47 Financial Performance 47 Company Strategy and Future Developments 48 Chapter 4 Bord Gáis Éireann Summary 49 Overview 49 Structure 50 Review of Operations 50 Gas Supplies 50 Sales 50 Network Development 51 Subsidiaries and New Ventures 51 Mergers and Strategic Alliances 52 Key Personnel 52 Financial Performance 53 Company Strategy and Future Developments 53 Chapter 5 Canadian Utilities 55 Summary 55 Overview 55 Structure 56 Review of Operations 56 ATCO Gas 56 ATCO Pipelines 57 ATCO Midstream 57 Subsidiaries and New Ventures 57 Mergers and Strategic Alliances 58 Key Personnel 59 Financial Performance 59 Company Strategy and Future Developments 60 Chapter 6 CMS Energy 61 Summary 61 Overview 61 Structure 62 Review of Operations 62 Exploration & Production 62 Transmission 63 Distribution 64 5

6 Energy Marketing, Services and Trading 64 Subsidiaries and New Ventures 65 Mergers and Strategic Alliances 65 Key Personnel 65 Financial Performance 66 Company Strategy and Future Developments 66 Chapter 7 Coastal Corporation Summary 68 Overview 68 Structure 69 Review of Operations 69 Pipelines and Storage 70 Midstream 71 Marketing 72 Subsidiaries and New Ventures 72 Mergers and Strategic Alliances 72 Key Personnel 73 Financial Performance 73 Company Strategy and Future Developments 74 Chapter 8 Columbia Energy Group Summary 75 Overview 75 Structure 76 Review of Operations 77 Transmission and Storage 77 Distribution 77 Subsidiaries and New Ventures 78 Exploration and Production 78 Energy Marketing 78 Telecommunications and Power Generation 79 Mergers and Strategic Alliances 79 Key Personnel 80 Financial Performance 80 Company Strategy and Future Developments 81 Chapter 9 Distrigas Summary 82 Overview 82 Structure 82 Review of Operations 83 Gas Procurement 83 Gas Sales 84 Transit 85 Subsidiaries and New Ventures 85 Mergers and Strategic Alliances 86 6

7 Key Personnel 86 Financial Performance 87 Company Strategy and Future Developments 88 Chapter 10 Dominion Resources Summary 89 Overview 89 Structure 90 Review of Operations 90 Gas Distribution 90 Gas Transmission 91 Gas Storage 91 Subsidiaries and New Ventures 92 Mergers and Strategic Alliances 92 Key Personnel 93 Financial Performance 93 Company Strategy and Future Developments 94 Chapter 11 Dynegy Summary 95 Overview 95 Structure 95 Review of Operations 96 Marketing and Trade 96 Midstream 97 Illinois Power 98 Subsidiaries and New Ventures 98 Mergers and Strategic Alliances 98 Key Personnel 99 Financial Performance 100 Company Strategy and Future Developments 100 Chapter 12 Egyptian General Petroleum Corporation Summary 101 Overview 101 Structure 102 Review of Operations 102 Gas Production 102 Key Field Developments 102 Transmission Network 103 Subsidiaries and New Ventures 103 Mergers and Strategic Alliances 104 Key Personnel 104 Financial Performance 104 Company Strategy and Future Developments 104 7

8 Chapter 13 El Paso Energy Summary 106 Overview 106 Structure 106 Review of Operations 107 Gas Transmission 107 Merchant Energy 108 International 108 Field Services 109 Production 110 Subsidiaries and New Ventures 110 Mergers and Strategic Alliances 111 Key Personnel 111 Financial Performance 112 Company Strategy and Future Developments 112 Chapter 14 Enron Summary 113 Overview 113 Structure 113 Review of Operations 114 Wholesale Energy Business 114 Retail Energy Services 114 Gas Pipeline Group 115 Subsidiaries and New Ventures 116 Mergers and Strategic Alliances 117 Key Personnel 117 Financial Performance 118 Company Strategy and Future Developments 118 Chapter 15 Gas Authority of India Limited (GAIL) Summary 120 Overview 120 Structure 121 Review of Operations 121 Pipeline Network 121 Gas Procurement 121 Gas Sales 122 LPG 122 Subsidiaries and New Ventures 123 Mergers and Strategic Alliances 123 Key Personnel 124 Financial Performance 124 Company Strategy and Future Developments 125 Chapter 16 Gas de Portugal Summary 126 8

9 Overview 126 Structure 126 Review of Operations 127 Gas Procurement 127 The Maghreb-Europe Pipeline 127 Gas Sales 128 Subsidiaries and New Ventures 128 Mergers and Strategic Alliances 129 Key Personnel 129 Financial Performance 129 Company Strategy and Future Developments 130 Chapter 17 Gas Natural Summary 131 Overview 131 Structure 132 Review of Operations 133 Gas Supplies 133 Storage and Transportation 133 Distribution in Spain 133 Subsidiaries and New Ventures 134 Mergers and Strategic Alliances 135 Key Personnel 135 Financial Performance 136 Company Strategy and Future Developments 136 Chapter 18 Gasunie Summary 138 Overview 138 Structure 139 Review of Operations 139 Gas Purchasing 139 Gas Sales 140 Subsidiaries and New Ventures 141 Mergers and Strategic Alliances 141 Key Personnel 142 Financial Performance 142 Company Strategy and Future Developments 143 Chapter 19 Gaz de France Summary 144 Overview 144 Structure 144 Review of Operations 146 Gas Purchases 146 Upstream Investments 146 Gas Sales 146 9

10 Subsidiaries and New Ventures 147 Gas Trading 147 International Activities 147 Mergers and Strategic Alliances 148 Key Personnel 148 Financial Performance 149 Company Strategy and Future Developments 149 Chapter 20 Gazprom Summary 151 Overview 151 Structure 151 Review of Operations 152 Exploration and Production 152 Gas Processing 152 Gas Transmission 153 Underground Storage 153 Gas Sales 153 Subsidiaries and New Ventures 154 Mergers and Strategic Alliances 155 Key Personnel 156 Financial Performance 156 Company Strategy and Future Developments 156 Chapter 21 Kinder Morgan Summary 158 Overview 158 Structure 159 Review of Operations 159 Gas Pipeline Transportation and Storage 159 Gas Distribution 160 Power 160 Subsidiaries and New Ventures 161 Mergers and Strategic Alliances 161 Key Personnel 162 Financial Performance 162 Company Strategy and Future Developments 163 Chapter 22 Kogas Summary 164 Overview 164 Structure 164 Review of Operations 165 Gas Procurement 165 Gas Sales 166 Subsidiaries and New Ventures 167 Mergers and Strategic Alliances

11 Key Personnel 168 Financial Performance 168 Company Strategy and Future Developments 168 Chapter 23 MCN Energy Summary 170 Overview 170 Structure 170 Review of Operations 171 Gas Distribution 171 Upstream 172 Electric Power Projects 173 Energy Marketing 173 Subsidiaries and New Ventures 173 Mergers and Strategic Alliances 174 Key Personnel 174 Financial Performance 175 Company Strategy and Future Developments 175 Chapter 24 MOL Summary 176 Overview 176 Structure 176 Review of Operations 178 Exploration and Production 178 Gas and Power 178 Prices and Unbundling 179 Subsidiaries and New Ventures 180 Mergers and Strategic Alliances 180 Key Personnel 180 Financial Performance 181 Company Strategy and Future Developments 181 Chapter 25 National Iranian Gas Company Summary 183 Overview 183 Structure 183 Review of Operations 184 Gas Exploration and Production 184 Gas Processing 185 Gas Transmission and Distribution 185 Subsidiaries and New Ventures 185 Mergers and Strategic Alliances 186 Key Personnel 186 Financial Performance 186 Company Strategy and Future Developments

12 Chapter 26 National Gas Company of Trinidad and Tobago Summary 188 Overview 188 Structure 189 Review of Operations 189 Gas Purchases 189 Gas Sales 190 Gas Transmission 190 Subsidiaries and New Ventures 191 Mergers and Strategic Alliances 191 Key Personnel 192 Financial Performance 192 Company Strategy and Future Developments 193 Chapter 27 Nicor Summary 194 Overview 194 Structure 194 Review of Operations 195 Subsidiaries and New Ventures 196 Mergers and Strategic Alliances 196 Key Personnel 197 Financial Performance 198 Company Strategy and Future Developments 198 Chapter 28 Nisource Summary 199 Overview 199 Structure 200 Review of Operations 200 Regulated Gas Utilities 200 Pipelines 201 Gas Deliveries 201 Subsidiaries and New Ventures 202 Mergers and Strategic Alliances 203 Key Personnel 203 Financial Performance 204 Company Strategy and Future Developments 204 Chapter 29 OMV Summary 205 Overview 205 Structure 206 Review of Operations 206 Gas Procurement and Transportation 206 Gas Marketing

13 Gas Sales 207 Subsidiaries and New Ventures 208 Mergers and Strategic Alliances 208 Key Personnel 209 Financial Performance 209 Company Strategy and Future Developments 210 Chapter 30 Oneok Summary 211 Overview 211 Structure 212 Review of Operations 213 Production 213 Gathering and Processing 213 Transporation and Storage 213 Marketing 214 Distribution 214 Subsidiaries and New Ventures 215 Mergers and Strategic Alliances 215 Key Personnel 216 Financial Performance 216 Company Strategy and Future Developments 217 Chapter 31 Pemex Summary 218 Overview 218 Structure 218 Review of Operations 219 Gas Production 219 Transmission Network 220 Gas Sales 220 Subsidiaries and New Ventures 221 Mergers and Strategic Alliances 221 Key Personnel 222 Financial Performance 222 Company Strategy and Future Developments 223 Chapter 32 Petrochina Summary 224 Overview 224 Structure 225 Review of Operations 225 Subsidiaries and New Ventures 226 Mergers and Strategic Alliances 226 Key Personnel 227 Financial Performance 227 Company Strategy and Future Developments

14 Chapter 33 Petronas Gas Summary 229 Overview 229 Structure 229 Review of Operations 230 Gas Processing 230 Gas Transmission 230 Subsidiaries and New Ventures 231 Mergers and Strategic Alliances 232 Key Personnel 232 Financial Performance 233 Company Strategy and Future Developments 233 Chapter 34 Polish Oil and Gas Company (POGC) Summary 234 Overview 234 Structure 235 Review of Operations 235 Upstream activities 235 Gas Storage 236 Transmission and Distribution Network 236 Gas Sales 237 Subsidiaries and New Ventures 237 Mergers and Strategic Alliances 238 Key Personnel 238 Financial Performance 238 Company Strategy and Future Developments 239 Chapter 35 PTT Gas Summary 240 Overview 240 Structure 240 Review of Operations 241 Gas Procurement 241 Gas Transmission 242 Gas Sales 242 Subsidiaries and New Ventures 243 Mergers and Strategic Alliances 243 Key Personnel 243 Financial Performance 244 Company Strategy and Future Developments 244 Chapter 36 Questar Summary 245 Overview

15 Structure 245 Review of Operations 246 Pipelines 246 Gas Distribution 247 Oil and Gas Production 247 Subsidiaries and New Ventures 248 Mergers and Strategic Alliances 248 Key Personnel 249 Financial Performance 249 Company Strategy and Future Developments 250 Chapter 37 Reliant Energy Summary 251 Overview 251 Structure 251 Review of Operations 253 Regulated Utility Operations 253 Gas Sales and Transportation 253 Interstate Pipelines 254 Energy Services 254 Gas Gathering 254 Subsidiaries and New Ventures 255 Mergers and Strategic Alliances 255 Key Personnel 256 Financial Performance 256 Company Strategy and Future Developments 257 Chapter 38 Ruhrgas Summary 258 Overview 258 Structure 259 Review of Operations 260 Gas Purchasing 260 Gas Sales 260 Subsidiaries and New Ventures 261 Mergers and Strategic Alliances 262 Key Personnel 263 Financial Performance 264 Company Strategy and Future Developments 264 Chapter 39 Sempra Energy Summary 265 Overview 265 Structure 265 Review of Operations 266 Subsidiaries and New Ventures 267 International Activities

16 Energy Marketing 268 Information Services 268 Mergers and Strategic Alliances 269 Key Personnel 269 Financial Performance 270 Company Strategy and Future Developments 271 Chapter 40 Slovenský Plynárenský Priemysel Summary 272 Overview 272 Structure 272 Review of Operations 273 Gas Procurement 273 Gas Sales 274 Gas Transmission and Distribution 274 Subsidiaries and New Ventures 274 Mergers and Strategic Alliances 275 Key Personnel 275 Financial Performance 276 Company Strategy and Future Developments 276 Chapter 41 Snam Summary 277 Overview 277 Structure 277 Review of Operations 278 Gas Procurement 278 Gas Sales 279 Third-Party Transmission 279 Distribution 280 Subsidiaries and New Ventures 280 Foreign Activities 280 Italian Electricity Market 281 Mergers and Strategic Alliances 282 Key Personnel 282 Financial Performance 283 Company Strategy and Future Developments 283 Chapter 42 Swissgas Summary 284 Overview 284 Structure 284 Review of Operations 285 Gas Purchases 285 Gas Sales 285 Gas Transmission 285 Subsidiaries and New Ventures

17 Mergers and Strategic Alliances 286 Key Personnel 286 Financial Performance 287 Company Strategy and Future Developments 288 Chapter 43 Tokyo Gas Summary 289 Overview 289 Structure 289 Review of Operations 290 Gas Supply 290 Gas Sales 291 Subsidiaries and New Ventures 291 Overseas Projects 292 Mergers and Strategic Alliances 292 Key Personnel 293 Financial Performance 293 Company Strategy and Future Developments 294 Chapter 44 Transcanada Pipelines Summary 295 Overview 295 Structure 296 Review of Operations 296 Transmission 296 Gas Marketing 297 Power 298 Subsidiaries and New Ventures 298 Mergers and Strategic Alliances 298 Key Personnel 299 Financial Performance 299 Company Strategy and Future Developments 300 Chapter 45 Transgas Summary 301 Overview 301 Structure 301 Review of Operations 302 Gas Purchase and Sales 303 Gas Transit 303 Subsidiaries and New Ventures 304 Mergers and Strategic Alliances 304 Key Personnel 305 Financial Performance 305 Company Strategy and Future Developments

18 Chapter 46 Transportadora de Gas del Norte Summary 307 Overview 307 Structure 308 Review of Operations 308 Subsidiaries and New Ventures 309 Mergers and Strategic Alliances 309 Key Personnel 310 Financial Performance 310 Company Strategy and Future Developments 310 Chapter 47 Transportadora de Gas del Sur Summary 31 Overview 311 Review of Operations 312 Gas Transportation 312 Gas Processing and Other Services 312 Subsidiaries and New Ventures 313 Mergers and Strategic Alliances 313 Key Personnel 314 Financial Performance 314 Company Strategy and Future Developments 315 Chapter 48 Verbundnetz Gas Summary 316 Overview 316 Structure 317 Review of Operations 317 Subsidiaries and New Ventures 318 Mergers and Strategic Alliances 319 Key Personnel 320 Financial Performance 321 Company Strategy and Future Developments 321 Chapter 49 Westcoast Energy Summary 322 Overview 322 Structure 322 Review of Operations 324 Transmission and Field Services 324 Gas Distribution 324 Power Generation 325 Energy Services 325 Subsidiaries and New Ventures 326 Mergers and Strategic Alliances 327 Key Personnel 327 Financial Performance

19 Company Strategy and Future Developments 328 Chapter 50 Western Gas Resources Summary 329 Overview 329 Structure 329 Review of Operations 330 Gas Gathering and Processing 330 Coal Bed Methane 331 Transportation 331 Marketing 332 Subsidiaries and New Ventures 333 Mergers and Strategic Alliances 333 Key Personnel 333 Financial Performance 334 Company Strategy and Future Developments 334 Abbreviations

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