LNG portfolio optimization: Testing the business model
LNG players need a clear understanding of what can happen to the profitability of their portfolios in different market scenarios. Explore moves to expand and strengthen the portfolio. Once LNG players have assessed their
Optimized Analysis of Cold Energy Utilization for
The project of cold energy utilization for cold storage of Xingtan LNG satellite station is the first cold energy utilization demonstration project of LNG satellite station in China with (2–4) × 10 4 m 3 /day gasification rate of
Project Financing and Energy Storage: Risks and Revenue
An estimated 387 gigawatts (GW) (or 1,143 gigawatt hours (GWh)) of new energy storage capacity is expected to be added globally from 2022 to 2030, which would result in the size of global energy storage capacity
Hong Kong Offshore LNG Terminal Project
The Project will involve the construction and operation of an offshore LNG import facility to be located in the southern waters of Hong Kong, a double berth jetty, and subsea pipelines that connect to the gas receiving stations (GRS) at the
Liquefied Natural Gas: What Is LNG? And What Is Proposed
Other West Coast LNG Projects One LNG facility, Energía Costa Azúl, was completed in Baja California, Mexico, in April 2008; the docking facility is expected to provide natural gas
The future of liquefied natural gas: Opportunities for growth
Knowledge of the economics of the LNG value chain is key to effectively manage financial risk in LNG projects. LNG is now so cheap that incentives for fuel-switching are no longer on the critical line to secure future
6 FAQs about [Lng gas energy storage project profit point]
What is LNG regasification capacity?
As of 2017, the global LNG regasification capacity reaches 795 MTPA , which is equivalent to a cold energy of 6.598 × 10 14 kJ per year (20924 MW). The substantial amount of valuable cold energies, if utilized efficiencent, can significantly enhance the energy efficiency of the LNG supply chain and reduce the greenhouse gas emission.
Why is LNG import capacity important?
When there is insufficient storage capacity to balance seasonality, as in some European and most emerging Asian countries, LNG import capacity is an option to manage seasonal natural gas and electricity demand variations, thus providing higher flexibility to the energy system .
How is LNG obtained?
LNG is obtained by cooling the natural gas to −162 °C at the atmospheric pressure. One cubic meter of LNG contains around 625 cubic meters of natural gas, making the energy density of LNG significantly higher than the natural gas [5, 6].
How can we manage financial risk in LNG projects?
Knowledge of the economics of the LNG value chain is key to effectively manage financial risk in LNG projects. LNG is now so cheap that incentives for fuel-switching are no longer on the critical line to secure future adoption of natural gas from coal and oil.
How is LNG pumped into natural gas?
LNG is pumped out from the LNG storage tank in the terminal and regasified into natural gas in a heat exchanger. The natural gas is then distributed into the pipeline network or sent to the natural gas power generation plant. Cold energy is released out during the regasification of LNG.
How much energy is wasted during LNG regasification?
However, massive amount of energy (around 830 kJ/kg of LNG) is wasted during the regasification process in the LNG regasification terminals. Therefore, the technologies to utilize the LNG cold energy have received significant attention over recent decades.