Though the overall percentage of gas transported as LNG is less than 10% of global gas trade, it is growing rapidly, involving an increasing number of buyers and sellers. At $6per mmBtu, the average 3.2 million mmBtu cargo worked out at about $19m while at $15.28 per mmBtu the same cargo would cost about $49m — almost $30m costlier. Shell sells LNG cargo to BP at $8/mmbtu, a near 2-year high. Seperately, BP sold a cargo to PetroChina for delivery over Dec. 22-24 at $7.10 per mmbtu, the data showed. LNG trader Trafigura bought a Pluto LNG spot cargo below $7.50/MMBtu DES for mid-July delivery to Singapore, a source with direct knowledge of the transaction said Thursday. This capacity is always measured in cubic meters. , Chief LNG, Chemicals and New Ventures at Hascol Petroleum Ltd. (2017-present) Answered March 20, 2018 Roughly 50 MMBTUs in 1 metric ton of LNG. Oil Price Roller Coasters, Project Deferrals…. Straightforward calculation: 200,000 cubic meters of LNG = 4,366,479.34 MMBtu. The upstream and midstream sections of the LNG chain are identical to traditional gas systems, with identical gas wells, wellheads, and field processing facilities. With a conventional cargo having around 250,000 tonnes of CO2e, this could cost $2.5 million, or $0.6 per mmBtu. It has always been in cubic meters and majority of LNG customers use metric measurements. If you are associated with any aspect of an LNG plant, you know that the LNG plant capacity is always specified in tons per year. One ton of LNG contains the energy equivalent of 48,700 ft 3 (1,380 m 3) of natural gas. The question I always get is how long does one TCF of gas last? Unfortunately, this plant was closed in 1944 due to a gas leak and subsequent explosion. Natural gas is measured in MMBtu’s. An LNG facility producing  1 million tons per year (million tons per annum, or MTA) of LNG requires 48.7 bcf (1.38 bcm) of natural gas per year, equivalent to 133 MMcfd. Information available online shows 1 MMBtu = 12.1 gallons of LNG. Future Post – Why do they always have to have power plant along with LNG Plant? Platts defines the current standard ship and cargo sizes as 135,000-175,000 cubic meters (Apprx. In addition, there will be other impurities and gases such as CO2, H2S etc. Produced gas is measured in volume (cubic meters or cubic feet), but once it is converted into LNG, it is measured in mass units, usually tons or million tons. LNG trader Trafigura bought a Pluto LNG spot cargo below $7.50/MMBtu DES for mid-July delivery to Singapore, a source with direct knowledge of the transaction said Thursday. The delivery will be the first cargo that Trafigura has received in Singapore after securing storage and reload capacity at the terminal last month. LNG Process - From Plant to Plant – the LNG process by Woodside Energy, Copyright © Vivek Chandra | Similarly, a 4-MTA LNG train would consume an equivalent of 534 MMcfd (requiring reserves of 4 tcf over 20 years). But the sources believe LNG demand in China is improving and could increase spot prices. Natural gas and LNG development can enable economic development and stimulate further investment in national infrastructure. Pakistan to import LNG at $6.34 per mmbtu. The most common size is around 147k to 160k m3 but larger vessels are also available between 210k m3 (Q-Flex) and up to 260k m3 (Q-Max). The price difference doesn’t necessarily means a jump in price of nearly 40 cents or 11%, as larger cargoes usually command a premium. So I will try to summarize the relationship in a table first followed by some discussion. In 1969, Phillips constructed the Kenai LNG plant in Alaska. loading and shipping losses. So there was plenty of gas for more trains. The ships operate at low atmospheric pressure (unlike LPG carriers, which operate at much higher pressures), transporting the LNG in individual insulated tanks. 1 m3 liquid = 264 gallons or 6.29 barrels. Asian spot prices for liquefied natural gas (LNG) fell for the fifth week in a row with no signs of demand picking up as temperatures remained above average in Asia-Pacific, allowing Europe to absorbing supplies. Most LNG plants have their own dedicated fleet of LNG ships, operating a “virtual” pipeline. Cargoes are normally sold on DES basis. Asian Import Prices for LNG 2013 – 2019 The first LNG plants in Algeria and Alaska were based on the Phillips cascade process using propane, ethylene, and methane as refrigerants. Thus 600 ft3 of methane gas will shrink to a volume of around 1 ft3 of clear and odorless LNG. For the two 5 MPTA trains, the reservoir had enough gas to last 216 years. BTU Content of the LNG - The HHV of LNG has a defined range of a minimum 975 BTU/SCF to a maximum of 1,050 BTU/SCF. :USD/MMBtu) Month Contract-based Price Arrival-based Price 2019 August* 5.3 5.5 2019 . SINGAPORE: Asian spot liquefied natural gas (LNG) prices hovered above $4 per million British thermal units (mmBtu) this week as cargo loadings from the United States were delayed due to a powerful hurricane. And then LNG is sold on dollars per MMBTU. Why not in barrels or cubic feet, one may argue. In the case of latter, one has to be very accurate and descriptive and clear as to what data is being given out. This alarming trend will force project promoters to make increasingly aggressive LNG price forecasts and will undoubtedly result in squeezing of margins, and possibly, uneconomic projects if future prices do not live up to expectations. So the tank holds 81,000 tons of LNG. Rising LNG prices are also encouraging development of gas resources previously considered uneconomic. Also, there are small LNG tank boil off and loading operation losses. The conversion from tons to cubic meters is simple. In some cases, there will be end flash or nitrogen rejection unit at the end of the train. Platts publishes a single value assessment for the JKM. Natural gas is measured in MMBtu’s. It bought Bangladesh's first ever spot LNG cargo from Vitol at US$3.8321 per mmBtu for delivery over late September to early October. There are numerous technical challenges, most importantly the effect of ‘sloshing’ on partial filled tanks – while LNG is being produced – and the offloading of LNG from one floating vessel to another floating vessel. On my last project, the reservoir capacity was known to be 120 TCF. Without making adjustment for NPV, the 100 MPTA Park and 120 TCF corresponds to 840 billion dollars of LNG. Spot LNG prices for delivery to northeast Asia in January were $8.075/MMBtu on Dec. 11, according to NGI data. September** 5.4 . 3 FLEET EVOLUTION 1 & SHIPPING COSTS. It bought Bangladesh's first ever spot LNG cargo from Vitol at US$3.8321 per mmBtu for delivery over late September to early October. You may have rich gas or lean gas and may have a design gas composition. The main components of a regas facility are the offloading berths and port facilities, LNG storage tanks, vaporizers to convert the LNG into gaseous phase, and pipeline link to the local gas grid. Mass Flow Rate - As said above, LNG plant capacity is always in tons per year per train. Note 2: Ship and Cargo size Ship and Cargo size:Assuming avg. In reality, when the LNG reaches the receiving terminal, it may have used some of the gas as fuel along with misc. Platts defines the current standard ship and cargo size as 135,000-175,000 cubic meters (Apprx. LNG exports are poised to be an important catalyst for economic growth in African countries. If LNG was sold at US $ 8/MMBTU, this train will generate a gross revenue of US $ 22,879 per hour or US $ 2 billion per year. The assessment is based on confirmed Different LNG has a different calorific power hence to get the answer we need to know calorific coefficient for specific LNG. Kapal ini punya cargo tank 2 x 550 M3. Because LNG requires gas to be cooled to very low temperatures, care must be taken to remove all impurities, especially water, from the methane stream prior to processing by the liquefaction plant. Vaporizers warm LNG from –161.5°C to more than 5°C, converting methane from liquid phase into gas. There will be small losses resulting from those. Brunei’s LNG export plant has sold a June 9-10 loading cargo in a tender that closed on April 20 at close to $2.00 per mmBtu, one trader said. The delivery will be the first cargo that Trafigura has received in Singapore after securing storage and reload capacity at the terminal last month. Molar Flow to Gas Flow in SCF - We know that for any gas mixture regardless of MW, there are 379.5 SCF of gas per lb-mole. The DKI index, based on a cargo of between 138,000 cubic metres capacity and 170,000 cubic metres, is seen in the second half of July at US$4.183 per MMBtu before increasing to US$4.320 per MMBtu for the first half of August. Japan and South Korea that can receive a minimum cargo size of 135,000 cu m. Prices of LNG spot cargoes delivered into ports in Taiwan or China with the same minimum cargo size may be normalized to basis Japan/Korea, using an assessed deviation cost from Japan/Korea to Taiwan/China. As a ship is being loaded, a sister ship may be discharging its cargo, and the remaining members of the fleet are either en route to the buyer’s regas facility or on the way back to the LNG plant to pick up new cargo. LNG tankers may also be offloaded offshore, away from congested and shallow ports. The LNG process is more complex than pipeline transportation. Since then, however, the majority of large base load projects have been based on Air Products’ propane Multi-Component Refrigerant (MCR) cryogenic heat exchangers. The average LNG price for January delivery into Northeast Asia was estimated at about $8.10 per million British thermal units (mmBtu), up 70 cents from the previous week, the sources said. So you can construct a spreadsheet with such information and make a very useful tool for your LNG work. You just need to know the density of the LNG. A rule of thumb commonly followed states that LNG could be a viable option versus pipeline transport when the following characteristics are present: ✓ The gas market is more than 2,000 km from the field.✓ The gas field contains at least 3 tcf to 5 tcf of recoverable gas.✓ Gas production costs are, ideally, less than $5/MMBtu, delivered to the liquefaction plant.✓ The gas contains minimal other impurities, such as CO2 or sulphur.✓ A marine port where a liquefaction plant could be built is relatively close to the field.✓ The political situation in the country supports large-scale, long-term investments.✓ The market price in the importing country is sufficiently high to support the entire chain and provide a competitive return to the gas exporting company and host country.✓ A pipeline alternative would require crossing uninvolved third-party countries and the buyer is concerned about security of supply. Let us assume that there is no supply for domestic/industrial consumption. Copyright 2019 Tokyo Commodity Exchange, Inc. 4.9 *Detailed ** Preliminary (Notes) ・ ”Spot-LNG” refers to LNG that are traded on a to cargo basiscargo , and does not mean term contracts of LNG (so-called long, medium, short-term contracts).