A new approach to value creation – stranded gas resource commercialisation via low-cost small scale floating LNG projects

2018 ◽  
Vol 58 (2) ◽  
pp. 516
Author(s):  
Daein Cha
Keyword(s):  
Natural Gas ◽  
Oil And Gas ◽  
Low Cost ◽  
Production Capacity ◽  
Liquefied Natural Gas ◽  
Small Scale ◽  
New Approach ◽  
Key Stakeholders ◽  
Cost Development ◽  
Development Concept

There are ~240 discovered, but stranded, offshore gas resources within the range of ~0.5 to 5.0 trillion cubic feet (TCF) of estimated ultimate recovery (EUR) of which ~40 such fields, representing 65 TCF of EUR, resides within Australian jurisdiction. Operators are challenged to commercialise these gas resources due to several factors such as: • lack of materiality within their oil and gas resource portfolio, • remote location, and • lack of a low-cost development concept. For such resources, a predetermined low-cost, small scale (∼1.0 million tonnes per annum production capacity) floating liquefied natural gas vessel and subsea wells tie-back development concept can be deployed to achieve commercialisation. Furthermore, the following should be promoted for the adoption to commercialise such gas resources: • target breakeven liquefied natural gas (LNG) price as a key metric to confirm fit of the resource and the development concept, • innovative financing and commercial structures to be co-developed among key stakeholders to enable project development within the constraint of a target breakeven LNG price, and • differentiated LNG offtake value proposition for securing LNG offtake contracts that underpin project bankability.

scholarly journals Economic assessment of heat and power generation from small-scale liquefied natural gas in Russia

2020 ◽  
Vol 6 ◽  
pp. 391-402 ◽  
Author(s):  
Pavel Tcvetkov ◽  
Alexey Cherepovitsyn ◽  
Alexey Makhovikov
Keyword(s):  
Power Generation ◽  
Natural Gas ◽  
Economic Assessment ◽  
Liquefied Natural Gas ◽  
Small Scale

Life‐cycle‐integrated thermoeconomic and enviroeconomic assessments of the small‐scale‐liquefied natural gas cold utilization systems

2019 ◽  
Vol 43 (9) ◽  
pp. 4104-4126 ◽  
Author(s):  
Baris Burak Kanbur ◽  
Liming Xiang ◽  
Swapnil Dubey ◽  
Fook Hoong Choo ◽  
Fei Duan
Keyword(s):  
Life Cycle ◽  
Natural Gas ◽  
Liquefied Natural Gas ◽  
Small Scale

Latin America's LNG drive could quickly lose momentum

2016 ◽  
Keyword(s):  
Energy Source ◽  
Natural Gas ◽  
Electricity Generation ◽  
Low Cost ◽  
Gas Storage ◽  
Gas Production ◽  
Liquefied Natural Gas ◽  
Content Type ◽  
Weather Phenomenon ◽  
Gas Balance

Subject Energy diversification efforts. Significance The El Nino weather phenomenon has laid bare the vulnerabilities of South America's dependence on hydropower. Gas has been the primary back-up, and liquefied natural gas (LNG) import capacity a strategic necessity (one which the northern part of the continent lacks). However, a recovery in Argentine gas production could eventually change the region's current gas balance, while the growth of renewables offers a new, indigenous, low-cost energy source. Impacts Investment in LNG import capacity and gas storage will continue. However, facilities face the threat of low utilisation as renewables capacity and domestic gas production increases. As one of the cheapest forms of electricity generation with a large amount of unexploited resource, hydropower will expand. States will gradually look towards other forms of system flexibility and grid resilience.

scholarly journals From initial advice statement to export – a 10 year retrospective of Queensland's liquefied natural gas industry

2019 ◽  
Vol 59 (1) ◽  
pp. 58
Author(s):  
Peter Downey ◽  
Jon Thomas ◽  
Mark Stone
Keyword(s):  
Natural Gas ◽  
Production Capacity ◽  
International Markets ◽  
Liquefied Natural Gas ◽  
Project Delivery ◽  
Gas Industry ◽  
Start Up ◽  
Natural Gas Industry ◽  
Project Life ◽  
Oil Gas

A decade on from the submission of project initial advice statements to Queensland Government agencies in 2008, this paper provides a retrospective on the development journey of three integrated coal seam gas (CSG) to liquefied natural gas (LNG) mega-projects currently delivering domestic and international markets. The process from development concept to operating asset is considered from several perspectives including: project rationale, description and delivery, as well as regulatory approvals. Project delivery is further considered in terms of the upstream, midstream and downstream components. The delivery of world first CSG to LNG is discussed in the context of project execution during significant volatility in the global oil, gas and LNG markets. All three projects have successfully completed commissioning and start-up. Although all six trains have been performance tested at name-plate production capacity, current LNG production is below this level. This paper examines their evolution from the initial concepts through to delivery, including current gas reserves and those required to sustain gas supply over expected project life. The paper also considers how these projects and any future expansion of the Queensland LNG industry will be impacted upon by an evolving global LNG market.

scholarly journals Capturing economic and social value from hydrocarbon gas flaring and venting: solutions and actions

2021 ◽  
Author(s):  
Etienne Romsom ◽  
Kathryn McPhail
Keyword(s):  
Natural Gas ◽  
Satellite Data ◽  
Oil And Gas ◽  
Energy Transition ◽  
Small Scale ◽  
Middle Income ◽  
Gas Flaring ◽  
Middle Income Countries ◽  
Diamond Model ◽  
Hydrocarbon Gas

This second paper on hydrocarbon gas flaring and venting builds on our first, which evaluated the economic and social cost (SCAR) of wasted natural gas. These emissions must be reduced urgently for natural gas to meet its potential as an energy-transition fuel under the Paris Agreement on Climate Change and to improve air quality and health. Wide-ranging initiatives and solutions exist already; the selection of the most suitable ones is situation-dependent. We present solutions and actions in a four-point (‘Diamond’) model involving: (1) measurement of chemicals emitted, (2) accountability and transparency of emissions through disclosure and reporting, (3) economic deployment of technologies for (small-scale) gas monetization, and (4) an ‘all-of-government’ approach to regulation and fiscal measures. Combining these actions in an integrated framework can end routine flaring and venting in many oil and gas developments. This is particularly important for low- and middle-income countries: satellite data since 2005 show that 85 per cent of total gas flared is in developing countries. Satellite data in 2017 identified location and amount of natural gas burned for 10,828 individual flares in 94 countries. Particular focus is needed to improve flare quality and capture natural gas from the 1 per cent ‘super-emitter’ flares responsible for 23 per cent of global natural gas flared.

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