Synergia Energy Ltd · LSE:SYN
Synergia Energy — Investor Presentation (April 2024)
13 slides from Synergia Energy's investor presentation, April 2024
Slide 1: Investor Presentation
INVESTOR PRESENTATION Synergia NG Grain LNG terminal
Slide 2: Synergia Energy Overview
SYNERGIA ENERGY OVERVIEW • Renamed Synergia in July 2022 . Focussed on carbon reduction • Focus on 2 CCS projects and Cambay gas field development in India Strategy reset • Solely AIM-listed with London-centric management following departure from ASX • Panmure Gordon appointed as joint broker to dri
Slide 3: Focussed on Carbon Reduction
FOCUSSED ON CARBON REDUCTION ▪ Currently generating revenue from Cambay gas field in India – gas production to replace LNG imports and reduce dependence on coal-fired power generation ▪ Medway Hub CCS project in the UK – aims to transport and store up to 6.5 Mpta of CO2 via merchant scheme offering
Slide 4: Medway Hub CCS Project: Project Overview
MEDWAY HUB CCS PROJECT PROJECT OVERVIEW • Carbon capture and storage of CO2 from 3 major CCGT power stations located on the Isle of Grain near Rochester, Kent • Scheme involves CO2 extraction from exhaust stream from CCGT power stations located close to the Isle of Grain LNG terminal • Liquid CO2 tr
Slide 5: Medway Hub CCS Project: Project Overview (contd.)
MEDWAY HUB CCS PROJECT PROJECT OVERVIEW (contd.)
Slide 6: Medway Hub CCS Project: Commercial Highlights
MEDWAY HUB CCS PROJECT COMMERCIAL HIGHLIGHTS • Synergia / Wintershall recently awarded a CCS license for the Camelot reservoirs by the North Sea Transition Authority (NSTA). • Multiple discussions have been held with primary emitter customers as well as NG Grain (who would liquefy, store and load CO
Slide 7: Medway Hub CCS Project: The Developers
MEDWAY HUB CCS PROJECT THE DEVELOPERS 7
Slide 8: Medway Hub CCS: Timeline & Responsibilities
MEDWAY HUB CCS PROJECT TIMELINE & RESPONSIBILITIES The project is a simple carbon capture and storage scheme and involves: CCGT operators responsible for in-situ CO2 capture - separation of CO2 from exhaust streams of CCGT power stations Synergia responsible for: - liquefaction of CO2 at Isle of Gra
Slide 9: FISO Features and Advantages
MEDWAY HUB CCS FISO FEATURES AND ADVANTAGES Moored vessel incorporates CO2 loading facilities from CO2 tankers, CO2 storage, pumping equipment for CO2 injection via umbilicals into depleted gas reservoirs and saline aquifers via subsea manifolds FISO is CCS equivalent of FPSO and can be positioned o
Slide 10: Cambay India: Project Overview
CAMBAY INDIA PROJECT OVERVIEW • Cambay PSC currently licensed through 2029 and can be extended • CCS scheme and upstream gas production • Synergia WI: 100% to reduce to 50% when Selan Farm Out closes • Full operational team based in Vadodara • Processing facilities and export connection currently to
Slide 11: Cambay India Gas Field: Eocene Gas Reservoir Development
CAMBAY INDIA GAS FIELD EOCENE GAS RESERVOIR DEVELOPMENT • Field development plan focused on Eocene tight gas reservoir with c. 1 TCF contingent gas resources and 206 BCF P50 reserves • Eocene gas reservoirs 50-90m thick across field as demonstrated by numerous (>30) test wells • Farm Out Agreement s
Slide 12: Cambay India CCS: Project Highlights
CAMBAY INDIA CCS PROJECT HIGHLIGHTS • Cambay CCS scheme introduced to Govt. of India regulators in January 2023 and well received • First end-to-end CCS solution in India • Govt. of India needs to develop a regulatory framework to incentivise emitters • Cambay is an ideal location for a CCS hub due
Slide 13: Glossary
GLOSSARY • CCGT: Combined Cycle Gas Turbine power station • CCS: Carbon Capture and Storage • AIM: Alternative Investment Market – London Stock Exchange • BCF: Billion cubic feet • Mta: Million tonnes per annum • FISO: Floating Injection, Storage and Offloading vessel • FPSO: Floating Production, St