Scribd
Upload
224 views19 pages

Morgan Stanley Oil

The document provides a history of liquefied natural gas (LNG) from the early 1900s experiments to the current annual LNG trade of over 100 million tons. It then discusses the evolution of LNG plant technologies, including increasing train capacities from under 1 million tons per year in the 1960s to over 6 million tons currently. The document also includes typical price breakdowns for LNG plant components, showing trains account for 45-65% of costs, utilities 8-15%, and off-site facilities 20-40%. Current trends include moving to larger 8 million ton per year train capacities and floating LNG plants.

Uploaded by

ephraim_tammy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
224 views19 pages

Morgan Stanley Oil

The document provides a history of liquefied natural gas (LNG) from the early 1900s experiments to the current annual LNG trade of over 100 million tons. It then discusses the evolution of LNG plant technologies, including increasing train capacities from under 1 million tons per year in the 1960s to over 6 million tons currently. The document also includes typical price breakdowns for LNG plant components, showing trains account for 45-65% of costs, utilities 8-15%, and off-site facilities 20-40%. Current trends include moving to larger 8 million ton per year train capacities and floating LNG plants.

Uploaded by

ephraim_tammy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 19

TECHNIP-COFLEXIP

LNG PLANT PRICING


CONSIDERATION
TECHNIP
TECHNIP
-
-
COFLEXIP
COFLEXIP
LNG PLANT PRICING
LNG PLANT PRICING
CONSIDERATION
CONSIDERATION
BRIEF HISTORY OF LNG
BRIEF HISTORY OF LNG

???? ???? : first liquefaction of methane by ??? : first liquefaction of methane by ???

1917 : Liquefaction of gas to extract helium (Texas) 1917 : Liquefaction of gas to extract helium (Texas)

1920/30s 1920/30s : LNG produced to store natural gas in USA : LNG produced to store natural gas in USA

1944 : major accident in Cleveland peak shaving 1944 : major accident in Cleveland peak shaving

1950s : start of new era of development 1950s : start of new era of development

1959/60 : trial runs of Methane Pioneer from USA to UK 1959/60 : trial runs of Methane Pioneer from USA to UK

1964 : Camel plant (Algeria) commissioned, first 1964 : Camel plant (Algeria) commissioned, first
commercial deliveries to UK and France commercial deliveries to UK and France

2001 : annual LNG trade of 107 2001 : annual LNG trade of 107 mt mt (+ 7.5% over last 20 years) (+ 7.5% over last 20 years)
0
500
1000
1500
2000
2500
70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 '00
B
i
l
l
i
o
n

c
m
/
y
NATURAL GAS AND LNG TRADE NATURAL GAS AND LNG TRADE
NATURAL GAS AND LNG TRADE
NG Consumption NG Consumption
NG International Trade NG International Trade
LNG Trade LNG Trade
LNG DEMAND VERSUS INSTALLED CAPACITY
LNG DEMAND VERSUS INSTALLED CAPACITY
0
20
40
60
80
100
120
140
160
180
200
70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 '00 '02 '04 '06 '08 '10
M
t
a
INSTALLED CAPACITY INSTALLED CAPACITY
DEMAND DEMAND
LOCATIONS OF LNG PLANTS
Existing
Under construction
EVOLUTION OF TRAIN CAPACITY
EVOLUTION OF TRAIN CAPACITY
0,00
1,00
2,00
3,00
4,00
5,00
6,00
1960 1970 1980 1990 2000 2010
M
i
l
l
i
o
n

t
o
n
n
e
s

p
e
r

y
e
a
r
FRACTIONATION FRACTIONATION
REFRIGERATION REFRIGERATION
SULPHUR SULPHUR
RECOVERY RECOVERY
TYPICAL BLOCK DIAGRAM
TYPICAL BLOCK DIAGRAM
ACID GAS ACID GAS
REMOVAL REMOVAL
DEHYDRATION DEHYDRATION
AND MERCURY AND MERCURY
REMOVAL REMOVAL
LIQUEFACTION LIQUEFACTION
NITROGEN NITROGEN
REMOVAL REMOVAL
LNG STORAGE LNG STORAGE
AND LOADING AND LOADING
C3 C3 C4 C4 Gasoline Gasoline
MAIN LIQUEFACTION TECHNOLOGIES
MAIN LIQUEFACTION TECHNOLOGIES

A.P.C.I. A.P.C.I. - - C3/MR : 57 trains in operation + 7 under construction C3/MR : 57 trains in operation + 7 under construction

PHILLIPS PHILLIPS - - Optimised Cascade : 3 trains in operation (Trinidad & Optimised Cascade : 3 trains in operation (Trinidad &
Tobago) + 1 under construction ( Tobago) + 1 under construction (Idku Idku Egypt) Egypt)

STATOIL/LINDE STATOIL/LINDE - - MFCP : 1 train under construction ( MFCP : 1 train under construction (Snohvit Snohvit - - Norway) Norway)

AXENS AXENS - - LIQUEFIN : No reference LIQUEFIN : No reference

SHELL SHELL DMR : 2 trains in project (Sakhalin) DMR : 2 trains in project (Sakhalin)
TYPICAL PRICE BREAK
TYPICAL PRICE BREAK

DOWN OF A TWO TRAIN


DOWN OF A TWO TRAIN
LIQUEFACTION PLANT
LIQUEFACTION PLANT

LNG PRICES LNG PRICES


Plant cost $/ Plant cost $/tpy tpy versus year of commissioning versus year of commissioning
Unit cost $/ Unit cost $/tpy tpy versus year of commissioning versus year of commissioning
Plant Cost s/ Plant Cost s/tpy tpy versus train capacity versus train capacity
Price Break down of a two train liquefaction plant Price Break down of a two train liquefaction plant
PLANT COST $/TPY VERSUS YEAR OF COMMISSIONING
PLANT COST $/TPY VERSUS YEAR OF COMMISSIONING
100
200
300
400
1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
Year
$

p
e
r

t
p
y
PLANT COST $/
PLANT COST $/
Tpy
Tpy
VERSUS TRAIN CAPACITY
VERSUS TRAIN CAPACITY
100
200
300
400
0 1 2 3 4 5 6
Train Capacity in MMTpy
$

p
e
r

t
p
y
TRAIN COST VERSUS YEAR OF COMMISSIONING
TRAIN COST VERSUS YEAR OF COMMISSIONING
0
50
100
150
1990 1995 2000
Year
$

p
e
r

t
p
y
TYPICAL PRICE BREAK
TYPICAL PRICE BREAK

DOWN OF A TWO TRAIN


DOWN OF A TWO TRAIN
LIQUEFACTION PLANT
LIQUEFACTION PLANT
2 TRAINS 2 TRAINS 45 % 45 % to to 65 % 65 %
UTILITIES UTILITIES 8 % 8 % to to 15 % 15 %
OFF SITE OFF SITE 20 % 20 % to to 40 % 40 %
COMMON COMMON 7 % 7 % to to 10 % 10 %
TOTAL LNG PLANT TOTAL LNG PLANT
OTHERS OTHERS 15 15 to to 30 % 30 %
TOTAL LNG PROJECT TOTAL LNG PROJECT
130 %
130 %
100 %
100 %
115 %
115 %
TYPICAL PRICE BREAK
TYPICAL PRICE BREAK

DOWN OF A TWO TRAIN


DOWN OF A TWO TRAIN
LIQUEFACTION PLANT
LIQUEFACTION PLANT

2 TRAINS 2 TRAINS
Mini Maxi Mini Maxi Criteria Criteria
Common/inlet facilities Common/inlet facilities 1 % 10 % 1 % 10 % Project Definition Project Definition
Acid Gas removal Acid Gas removal 3 % 3 % 8 % 8 % Gas composition Gas composition
Dehydration Dehydration 2 % 2 % 3 % 3 %
Mercury removal Mercury removal 1 % 1 % 1 % 1 %
Refrigeration/Liquefaction 25 % 40 % Refrigeration/Liquefaction 25 % 40 % Cooling system Cooling system
Compressors configuration Compressors configuration
Fractionation Fractionation 1 % 1 % 3 % 3 %
Sulphur recovery/ Sulphur recovery/prilling prilling 0 % 0 % 3 % 3 %
_____ ______ _____ ______
TOTAL TOTAL 45 % to 65 % 45 % to 65 %
TYPICAL PRICE BREAK
TYPICAL PRICE BREAK

DOWN OF A TWO TRAIN


DOWN OF A TWO TRAIN
LIQUEFACTION PLANT
LIQUEFACTION PLANT

UTILITES UTILITES
Mini Maxi Mini Maxi Criteria Criteria
Power Generation : Power Generation : 3 % 7 % 3 % 7 % Gas or steam turbine Gas or steam turbine
Cooling water : Cooling water : 2 % 2 % 6 % 6 % Cooling system Cooling system
(air (air water water seawater) seawater)
Other Waters, Steam, Other Waters, Steam, Project definition,sparing Project definition,sparing
Fuel, Air, Nitrogen : Fuel, Air, Nitrogen : 3 % 3 % 6 % 6 % philosophy philosophy
_____ ______ _____ ______
TOTAL TOTAL 8 % to 15 % 8 % to 15 %
TYPICAL PRICE BREAK
TYPICAL PRICE BREAK

DOWN OF A TWO TRAIN


DOWN OF A TWO TRAIN
LIQUEFACTION PLANT
LIQUEFACTION PLANT

OFF SITE OFF SITE


Mini Maxi Criteria
LPG Storage & Loading 10 % 20 % LPG Storage & Loading 10 % 20 % Storage capacity & tank Storage capacity & tank
specification specification
LPG Storage & Loading LPG Storage & Loading 0 % 13 % Project definition 0 % 13 % Project definition
Condensate Storage Condensate Storage
& Loading & Loading 0 % 0 % 2 % 2 % Project definition Project definition
Loading Jetty Loading Jetty 4 % 4 % 8 % 8 % Sea and Site conditions Sea and Site conditions
Flare & Liquid blow Flare & Liquid blow- -down 3 % 5 % down 3 % 5 %
Others Fire protection Others Fire protection
Drainage, Waste tr. Drainage, Waste tr. 3 % 3 % 4 % 4 %
_____ ______ _____ ______
TOTAL TOTAL 25 % to 40 % 25 % to 40 %
TYPICAL PRICE BREAK
TYPICAL PRICE BREAK

DOWN OF A TWO TRAIN


DOWN OF A TWO TRAIN
LIQUEFACTION PLANT
LIQUEFACTION PLANT

COMMON COMMON
Mini Maxi Mini Maxi
Site infrastructure, road & fences Site infrastructure, road & fences 2 % 4 % 2 % 4 %
Control room Control room - - Substations Substations 2 % 2 % 2 % 2 %
DCS, ESD,FG & Telecom DCS, ESD,FG & Telecom 2 % 2 % 3 % 3 %
Administration, maintenance buildings Administration, maintenance buildings 2 % 2 % 3 % 3 %
_____ ______ _____ ______
TOTAL TOTAL 7 % to 10 % 7 % to 10 %
TYPICAL PRICE BREAK
TYPICAL PRICE BREAK

DOWN OF A TWO TRAIN


DOWN OF A TWO TRAIN
LIQUEFACTION PLANT
LIQUEFACTION PLANT

OTHERS OTHERS
Mini Maxi Criteria
Gas pipeline Gas pipeline 1MM$ per Km 1MM$ per Km On project definitions On project definitions
Site Preparation Site Preparation 2 % 2 % 5 % 5 % Site conditions Site conditions
Material Off Loading Material Off Loading Airport 2 % Airport 2 % 6 % 6 % Remote area Remote area
Residential area Residential area 4 % 4 % 8 % 8 % Client requirement Client requirement
Spare parts Spare parts 2 % 5 % 2 % 5 % Client requirement Client requirement
Movables Movables 2 % 2 % 4 % 4 % Client requirement Client requirement
Training & Start Training & Start- -up up 1 % 1 % 2 % 2 % Take over definition Take over definition
_____ __ _____ _____ ___
TOTAL TOTAL 15 % to 30 % 15 % to 30 %
THE TRENDS
THE TRENDS

CONTINUOUS INCREASING OF THE UNIT CAPACITY : CONTINUOUS INCREASING OF THE UNIT CAPACITY :
8 Mty are now considered 8 Mty are now considered
New Process developments : APCI New Process developments : APCI APX, AXENS, Others APX, AXENS, Others
New Driving Machines New Driving Machines
Frame 9 Gas Turbine (3,000 rpm) Frame 9 Gas Turbine (3,000 rpm)
Electric Motors Electric Motors
New 3,000 rpm compressors New 3,000 rpm compressors
New Unit lay out New Unit lay out

TANKS CAPACITY UP TO 200,000 m3 ARE CONSIDERED TANKS CAPACITY UP TO 200,000 m3 ARE CONSIDERED

ENVIRONMENTAL CONCERN ENVIRONMENTAL CONCERN


Acid Gas Re Acid Gas Re- -injection injection

LNG FLOATING PLANT ON BARGE (FLNG) LNG FLOATING PLANT ON BARGE (FLNG)

You might also like