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A liquefied natural gas terminal is a facility for managing the import and/or export of liquefied natural gas (LNG). It comprises equipment for loading and unloading of LNG cargo to/from ocean-going tankers , for transfer across the site, liquefaction, re-gasification, processing, storage, pumping, compression, and metering of LNG. [ 1 ]
The LNG industry developed slowly during the second half of the last century because most LNG plants are located in remote areas not served by pipelines, and because of the high costs of treating and transporting LNG. Constructing an LNG plant costs at least $1.5 billion per 1 MTPA capacity, a receiving terminal costs $1 billion per 1 bcf/day ...
Moving LNG production to an offshore setting presents several challenges. In terms of the design and construction of the FLNG facility, every element of a conventional LNG facility needs to fit into an area roughly one quarter the size, whilst maintaining appropriate levels of safety and giving increased flexibility to LNG production. [25]
Regasification terminal of Tokyo Gas in Yokohama. Regasification is a process of converting liquefied natural gas (LNG) at −162 °C (−260 °F) temperature back to natural gas at atmospheric temperature. LNG gasification plants can be located on land as well as on floating barges, i.e. a Floating Storage and Regasification Unit (FSRU ...
This ruling aims at opening up two approaches for developers of natural gas storage, to be able to charge market-based rates. The first one is the redefinition of the relevant product market for storage that includes alternatives for storage such as available pipeline capacity, local gas production and LNG terminals.
In my previous article, we saw how an escalating global demand for natural gas creates an argument for its export. But that alone won't make U.S. exports profitable. There are other major factors ...
LNG port terminals are purpose-built port terminals designed to accommodate large LNG carrier ships designed to load, carry and unload LNG. These LNG terminals are located adjacent to a gas liquefaction and storage plant (export), or to a gas regasification and storage plant (import), which are themselves connected to gas pipelines connected to ...
The cost breakdown analysis is a popular cost reduction strategy and a viable opportunity for businesses. [1] [2] [3] The price of a product or service is defined as cost plus profit, whereas cost can be broken down further into direct cost and indirect cost. [1] As a business has virtually no influence on indirect cost, a cost reduction ...