Comparative Research On LNG Receiving Terminals and Fsru
Comparative Research On LNG Receiving Terminals and Fsru
Comparative Research On LNG Receiving Terminals and Fsru
RESEARCH ON LNG
RECEIVING TERMINALS
AND FSRU.
PRESENTER:
GROUP 4
• ZHANG DONGSHA,
• SHEN NING,
• LYU JUN,
• LI LI,
• ZHANG YINGHUA
INSTRUCTOR:
PROF. ROGER SMITH
Date: 26th October 2017
PROF. ROGER SMITH
1
• INTRODUCTION TO FSRU
2
• INTRODUCTION TO LNG TERMINAL
3
• COMPARISON OF LNG TERMINAL AND FSRU
4
• CONCLUSIONS
26/10/2017 3
1.1 LNG VALUE CHAIN
Floating Storage
& Regasification
Unit (FSRU)
Onshore
Receiving
Terminal
26/10/2017 4
1.2 CARGO HANDLING SYSTEM
Regasification Plant
Unloading Hose
Gas Export
Storage Tanker
26/10/2017 5
1.3 DEVELOPMENT OF FSRU WORLDWIDE
A recent report from IGU estimated that approximately 50 FSRUs will be operational
by 2025, with a combined capacity to import 200mtpa. This is an increase of 60%
from end-2016.
Operating, under construction and planned projects FSRU Capacity by Status and Numbers of Terminals,
2005-2022
26/10/2017 6
1.4 CHINESE FSRU MARKET
• 10th, Dec. 2013, CNOOC declared that Chinese first floating LNG project - CNOOC Tianjin
LNG project began to supply natural gas for Tianjin, which triggered the high concern in the
energy Industry and shipbuilding industry. It is the first time in China using floating storage
regasification unit.
• 2nd Feb. 2015, Hudong-Zhonghua shipyard completed a 170,000 m³LNG-FSRU repair and
conversion project, which is the first time in china doing such projects.
26/10/2017 7
CONTENTS
1
• INTRODUCTION TO FSRU
2
• INTRODUCTION TO LNG TERMINAL
3
• COMPARISON OF LNG TERMINAL AND FSRU
4
• CONCLUSIONS
26/10/2017 8
2.1 BIRD’S-EYE VIEW OF A LNG TERMINAL
Trunk line
Storage tankers
Vaporization system
LNG carrier
26/10/2017 9
2.2 LNG REGASIFICATION CAPACITY WORLDWIDE
By January 2017
UOM: MTPA
26/10/2017 10
2.3 LNG TERMINALS IN CHINA
Total: 14
26/10/2017 11
CONTENTS
1
• INTRODUCTION TO FSRU
2
• INTRODUCTION TO LNG TERMINAL
3
• COMPARISON OF LNG TERMINAL AND FSRU
4
• CONCLUSIONS
26/10/2017 12
3. COMPARISON OF LNG TERMINALS AND FSRU
Contract
Terms
Schedule Flexibility
OPEX
CAPEX Peak
Shaving
26/10/2017 13
3.1 CAPEX COMPARISON
26/10/2017 14
3.2 OPEX COMPARISON
FSRU
US$20,000-
OPEX
45,000/day
LNG Terminal
US$20,000-
40,000/day
• The operating cost of the FSRU is usually 2.5% of capex each year, but the actual USD/day-rate will
depend on the location of the FSRU. Sources quote OPEX in the range of US$20,000-45,000/day.
• As for LNG terminal, the cost will be US$20000-40000/day.
26/10/2017 15
3.3 SCHEDULE COMPARISON
In general, a LNG receiving terminal will cost Owner
36-40 months to construct comparing with 27-36
months for a new built FSRU.
LNG Terminal
36-40 months
Schedule
FSRU
27-36 months
26/10/2017 16
3.4 COMPARATIVE ANALYSIS
26/10/2017 17
CONTENTS
1
• INTRODUCTION TO FSRU
2
• INTRODUCTION TO LNG TERMINAL
3
• COMPARISON OF LNG TERMINAL AND FSRU
4
• CONCLUSIONS
26/10/2017 18
4. CONCLUSIONS
26/10/2017 19
ACKNOWLEDGEMENTS
20