Economics and Financials of Liquefied Natural Gas
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Transcript of Economics and Financials of Liquefied Natural Gas
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Economic Impact of LNG asa Marine Fuel
Dr. Haifeng Wang
Transportation Research BoardJanuary 12, 2015
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The International Council on Clean Transportation
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18.06
15.11
11.77
4.96
3.52 3.042.02 1.58 1.56
1.04 0.85
0
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China
EU - 27
U.S.
Japan
Brazil
India
Russia
Canada
SouthKorea
Australia
Mexico
2010CarandTruc
kSales(inmillion
units)
2012 Summit: Brazil, China, Europe, India, Korea, Mexico, Russia, US
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Outline
! LNG export terminals in the U.S.
! Economics and financials
! State of development in LNG carriers
! LNG markets
! Economic and climate impacts
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Expansion of LNG-powered shippingfleet
! Climate impact
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Approved LNG Import/Export Terminals
http://www.ferc.gov/industries/gas/indus-act/lng/lng-approved.pdf
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Investment and Capacity of ApprovedLNG Export Terminals
Project NameBillion CubicFeet per Day Investment ($ Billion)
ExpectedOperation
Sabin Pass 2.76 7.74 4 4Q 2015
Sempra-
CameronLNG 1.7 6 3 2018
Freeport LNG 1.8 5.15 2 2017
Cove Point
0.82
3.8
1
Late 2017
Corpus ChristiLNG 2.14 10 3
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Cost Structure at Export Terminals
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Two trains (45%-65%)
! Refrigeration/liquification (25%-40%)! Acid gas removal (3%-8%)! Dehydration, Inlet facilities, mercury removal
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Utilities (8%-15%)! Power generation (3%-7%)
! Cooling water, other water, stream etc.
! Off site (25%-40%)! Storage loading (14%-35%)!
Flare, liquid blown down, drainage, waste etc.
! Common (7%-10%)! Site infrastructure, road & fence, control room, admin.
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Growth of LNG Carriers
Source: International Gas Union, 2014 Edition
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More LNG carriers have joined the fleet with more tocome
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Growth of LNG Carriers
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