Managing Floating LNG Programs
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This document discusses liquefied natural gas (LNG) and floating LNG (FLNG). It provides an overview of the global LNG market and value chain. It notes that traditional land-based LNG projects face challenges like lengthy timelines and high costs. FLNG provides solutions to these challenges by reducing project durations and costs through smaller, modular designs that can access stranded gas reserves. The first FLNG facility is scheduled to begin operations in early 2015.
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Managing Floating LNG Programs
- 1. 25March2014 VICE PRESIDENT FLOATING LNG PROGRAM MANAGERJAVID TALIB ROLES IN LNG / FLNG GASTECH Student Programme
- 2. • Natural gas (predominantly methane, CH4) that has been converted to liquid form for ease of storage or transport – “Virtual Pipeline” • Natural Gas condensed to liquid ~ -162ºC (-260ºF). • Liquefied natural gas takes up about 1/600th the volume of natural gas in the gaseous state WHAT IS LNG? 25 March 2014Gastech | 2
- 3. & GasFieldOwners GasUsers LNG VALUE CHAIN 3 Exploration Production Offshore LNG Liquefaction LNG Shipping Trading LNG Regasification 25 March 2014Gastech |
- 4. Trinidad 6% Europe 2% Russia 4% Other Middle East 8% Qatar 32% Indonesia 8% Malaysia 10% Australia 9% Algeria 5% Nigeria 8% Other 8% Total 2012 Exports = 249 MMTPA WORLD LNG IMPORT / EXPORT – 2012 25 March 2014 4 Gastech | North America 4% South America 5% Europe 21% Middle East 1% China 6% India 6% Japan 36% Korea 15% Taiwan 5% Thailand 1% 0% 0% Total 2012 Imports = 249 MMTPA Global LNG Imports Source: BP Statistical Review 2013 Global LNG Exports
- 5. • Lengthy project schedules • High cost • Economy of scale has pushed plant capacities very high with complex designs • Large gas field required with proven reserves – these are diminishing • Project siting and permitting issues LAND-BASED LNG CHALLENGES 25 March 2014 5 Gastech |
- 6. • Reduced project durations < 3 years • Significantly lower capital costs • Small to mid-scale volumes • Solutions to “stranded gas” • 3 Projects currently in Construction in industry • First operating Plant in 1Q- 2015 • Many projects in development stages FLNG SOLUTIONS 25 March 2014Gastech | 6
- 7. PRESENT MY PROFESSIONAL JOURNEY 25 March 2014 7 Gastech | 1985 Offshore Project Engineering & Project Management 1989 Project Engineering & Project Management 1982 Offshore Structural Engineering 1977 Offshore Structural Engineering 1974 Civil Engineering
- 8. ROLES IN LNG / FLNG 25 March 2014 8Many roles, multiple companies Gastech |
- 9. www.bv.com