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Course On LNG Business-Session11

Floating LNG terminals are an emerging concept that provide flexible and low-cost solutions for LNG import and export. Floating storage and regasification units (FSRUs) can be converted ships or new builds that offer regasification and storage, providing quick access to gas markets at a lower capital cost than onshore terminals. Over 40 FSRUs are currently in operation worldwide, with the number of countries using them growing as they offer a flexible option to quickly start LNG imports.

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Rahul Atodaria
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195 views

Course On LNG Business-Session11

Floating LNG terminals are an emerging concept that provide flexible and low-cost solutions for LNG import and export. Floating storage and regasification units (FSRUs) can be converted ships or new builds that offer regasification and storage, providing quick access to gas markets at a lower capital cost than onshore terminals. Over 40 FSRUs are currently in operation worldwide, with the number of countries using them growing as they offer a flexible option to quickly start LNG imports.

Uploaded by

Rahul Atodaria
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPT, PDF, TXT or read online on Scribd
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COURSE ON LNG

BUSINESS
Session-11
Emerging Technologies in Gas
Market-Part-1
Floating LNG terminals
An emerging concept
• Floating terminal concept started for regasification terminal but now it is being considered for liquefication
terminals also
• Floating storage and regasification unit (FSRU) concept initially involved converting an old LNG ship into a
storage cum regasification unit by installing regasification plant and unloading arms on the ship.
• In case of old ship conversion propeller may be retained or removed depending upon the plans to use the ship
Concept after conversion (propeller removal to avoid dry docking requirements)

• Low gestation period


• Lower capital cost
• Flexibility in commercial structure. Available on charter hire also. Further it can be easily shifted to another
location (good in case of uncertain market conditions)
Advantages • Minimal environment foot print
of FSRU • Major limitation of FSRU is limited storage capacity

• With large number of countries showing interest to start LNG imports, they look for quick and flexible solutions
• FSRU is now so popular that some of the players have started building new ships to act as FSRU without having
any commitment for its use at the time of order
Speculative • Currently more than 40 FSRUs are in operation in the world
build
FSRU CHARACTERISTICS
TYPICAL FSRU PROCESS SCHEME
FSRU MAJOR SUPPLIERS IN WORLD
FSRU CONFIGURATION OPTIONS
Location of • Offshore
FSRU • Near shoreline

Location of • Onboard
Regasification • On jetty (possible in case of near shore
facilities location)
• Could be an old ship being converted
Ship used as
• Could be a new built ship to act as FSRU
FSRU
• Could be a concrete barge

Commercial • FSRU could be owned by developer


structure • FSRU could be hired from service provider
KLAIPEDA FSRU TERMINAL
GNL ESCOBAR TERINAL
TYPICAL OFFSHORE FSRU WITH
SUBMERGED TURRET
OFFSHORE FSRU WITH SURFACE TURRET
LAMPUNG,INDONESIA
BARGE MOUNTED FLOATING REGAS FACILITIES
ADRIATIC TERMINAL
GRAVITY BASED STRUCTURE
FSRU WITH ONBOARD
REGASIFICATION
Ship to ship transfer
one of the drivers for FSRU growth
Design of FSRU - Considerations
FSRU market growth
FSRU LOCATIONS IN THE WORLD
Growth in number countries having FSRU
CAPITAL INVESTMENT
FSRU VIS-À-VIS ONSHORE TERMINAL
Sr Cost element Cost for 3MMTPA with 180000m3
storage (million US$)
Onshore FSRU
1 Jetty and piping 80 80
2 Unloading lines 100 NA
3 Tanks,1 x 180000 M3 180 Included in FSRU
4 FSRU Vessel NA 250
5 Process plant 100 Included in FSRU
6 Utilities 60 Included in FSRU
7 Onshore NA 30
interphase/infrastructure
8 CAPEX 520 360
9 Contingency,30% onshore and 156 36
10% FSRU
10 Owners’ cost 74 54
TOTAL CAPITAL COST 750 450

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