LNG Import Terminal Cost and Schedule Basics

8/9/2019 LNG Import Terminal Cost and Schedule Basics

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Engineering Solutions . . . Delivering Results

LNG Import TerminalCost and Schedule Basics

Presenter: Gerald HumphreySenior Vice PresidentGlobal LNG SalesCB&I Lummus

[email protected]


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• Chicago Bridge & Iron, N.V.

• Founded in 1889

• $7.2 Billion Backlog at Year End 2009

– 75% Outside of the U.S.

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CB&I Steel PlateStructures

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Supply and Installation:Aboveground Storage TanksLNG Peak Shaving FacilitiesLNG and Other LowTemperature/Cryogenic StorageElevated Storage TanksHortonsphere® Pressure VesselsSpecialty StructuresPower

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3

Technology:Petrochemicals TechnologyRefining TechnologyGas Processing TechnologyPerformance CatalystsHeat Transfer EquipmentAftermarket Services

CB&I designs, engineers and constructs some of the world’s largest energy infrastructure

projects, combining technology with a full spectrum of engineering, procurement, steel platefabrication, field construction, and modular fabrication and construction services.

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Engineering Solutions . . . Delivering Results4

Oil & Gas

Product ion /

Transportat ion

Gas Process ing / LNG Refin ing Petrochem icals

CB&I Services

FEED EPFCPlanningStudy

Technology Startup PlantService

• Market Analysis

• ConceptualDesign

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Services Across Hydrocarbon Value Chain

4


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LNG Import Terminals

• CB&I has a long heritage within the

LNG industry (50+ years)

• CB&I designed the LNG tanks for theexport and receiving ends of the firstshipment of LNG from Lake Charles,LA to Canvey Island, UK in 1958

• CB&I have in-house capabilities toexecute the terminal’s full EPC scopefrom ship unloading to storage andvaporization / sendout

• Since 1971 CB&I have designed andbuilt

– 9 Grassroots Terminals

– 8 Terminal Expansions

– 14 constructed since 20009 5


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LNG Terminal – Block Flow Diagram


7/23Engineering Solutions . . . Delivering Results

Project Profile – Golden Pass Terminal

Client: ExxonMobil, Qatar

Petroleum and ConocoPhillips

Location: Sabine Pass, Texas

Schedule: Phase 1 completed in 2010Phase 2 completes 2011

ProjectValue: $1.1 Billion

EPCScope ofWork:

• Ship Unloading System

• 5 x 155,000 m3 Full

Containment Tanks• 2 BSCFD Regas and

Sendout



Project Profile – South Hook Terminal

Client: ExxonMobil and Qatar

Petroleum

Location: Milford Haven, Wales

Schedule: Phase 1 – completed 2009Phase 2 – completed 2010

Project Value: $1.3 Billion

EPCScope ofWork:

• Ship Unloading System;160,000 DWT Jetty

• 5 x 155,000 m3 FullContainment Tanks

• 2 BSCFD Regas and

Sendout



Project Profile – Grain Terminal

Client: Grain LNG Ltd.

Location: Kent, U.K.

Schedule: Ph II 2008 & Ph III 2010

ProjectValue: $ 1.0 Billion

EPCScope ofWork:

• Increase Regas andSendout Capacity to 1.7BSCFD

• 3 x 190,000 m3 FullContainment Tanks

• BOG Compression &Recondenser

• New Control Building

• Integration Into &Expansion of Facilities

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Project Profile – Fujian Terminal

Client: CNOOC / Fujian LNG Co.Ltd.

Location: Fujian Province, PRC

Schedule: Completed 2008

ProjectValue: $250 MM

EPCScope of

Work:

• Ship Unloading System

• 2 x 160,000 m3 Full

Containment Tanks• 350 MMSCFD

Regasification andSendout

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Project Profile – GNL Quintero Terminal

Client: GNL Quintero S.A.

Location: Quintero Bay, ChileSchedule: Completed 2010

Project Value: $775 MM

EPC Scope ofWork:

• New marine jetty with complete shipunloading facilities

• 2 x 160,000 m3 Full Containmenttanks

• One smaller storage tank (10,000 m3)

• 400 MMSCFD Regas and Sendout



Project Profile – AES LNG Terminal

Client: AES Corporation

Location: Dominican Republic


Project Value: $ 70 mil

EPC Scope

of Work:

• Jetty capable of offloading ships from 35,000 m3

to 145,000 m3• Single containment tank (160,000 m3)


• Provides fuel gas for a 300 MW power station

• Thermal integration with power plant for improved

efficiency



Project Profile – EcoElectrica Terminal

Client: EcoElectrica

Location: Puerto Rico


Project Value: $ 150 mil

EPC Scope

of Work:

• Jetty capable of offloading ships from 35,000 m3

to 145,000 m3• Double containment tank (160,000 m3)


• Provides fuel gas for a 500 MW power station

• Thermal integration with power plant for improved

efficiency



The LNG Value Chain

LNG Liquefaction

LNG Regasification



LNG Value Chain : Typical Costs & Returns

5 Mt$400 pertonne capacity

5 Mt single train$750 pertonne capacity

5 ships$220Mper ship

$90M per1 BCM/yr capacity

US$2.0bn US$3.75bn US$1.1bn US$0.6bn US$7.45 bn

(27%) (50%) (15%) (8%) (100%)

Source : Wood Mackenzie, Deutsche Bank

13.7%


16/23Engineering Solutions . . . Delivering Results© CB&I16

Import Terminal EPC Cost Trend

• Projects completing2008 to 2012 wereawarded in 2004 to

2008

• Numbers are notabsolutes due to scope

of work differences; theyreflect a trend only

European Regas Costs* Under Pressure

Source: Poten & Partners* Data from company press releases** Estimated Cost

Start-up Date

2000 2002 2004 2006 2008 2010 2012

100 –

80 –

60 –

40 –

20 –

0 -

Bahia diBizkaia

Sines ReganosaGrain 1

Dragon LNG

South HookLNG

Fos Cavaou

GATE LNGTerminal**

Grain 3Expansion

Grain 2Expansion

South HookLNG Phase II

ZeebruggeExpansion

E P C U

n i t C o s t s ( U S $ m i l l

i o n / ( B c m / y )


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Single Containment LNG Tank

Load Bearing BottomInsulation System

Suspended Insulation Deck

Concrete Foundation

Foundation Heaters

Carbon Steel Outer

Tank Roof, Shell& Bottom

9% Ni Inner TankSidewall/Deck

InsulationSystem



Double Containment LNG Tank


Suspended Deck & Insulation

Concrete FoundationFoundation Heaters

Carbon Steel OuterTank Roof, Shell

& Bottom

9% Ni Inner TankLoose fill perlite

Insulation

System

Pre-stressedconcreteouter tankwall

Cover ifrequired

Outer shellnot able tocontainliquid

9% Ni Outer

Bottom & Liner



Full Containment (Steel Roof) LNG Tank

Concrete Foundation

Foundation Heaters

Carbon SteelDome Roof



9% Ni Inner Tank

Sidewall/DeckInsulation

System Prestressed

ConcreteWallVapor Barrier

9% Ni Bottom& Corner Protection



Full Containment (Concrete Roof) LNG Tank


9% Ni Inner Tank

PrestressedConcreteWall

Concrete Foundation

Foundation Heaters

Concrete & SteelDome Roof


Sidewall/DeckInsulation

System

Vapor Barrier

9% Ni Bottom& Corner Protection

I t T i l C t D i



• LNG Jetty Type

Import Terminal Cost Drivers

Berth type Trestle type

Most LNG ships require a minimum depth of 15 m

Jetty type is dictated by access to deep water vs dredging costs

Trestle type jetties will normally control overall terminal scheduleif the trestle length exceeds 1 km


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© CB&I

LNG Import Terminal Cost and Schedule Basics

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