Connect LNG, a Norwegian engineering company, said it has recently finalized customer studies, proving cost reductions associated with the construction of vessel berthing and LNG loading.
Connect LNG’s loading solution has through recent customer projects shown cost savings of up to 80% compared to traditional solutions based on jetties and quays, the company said in a statement.
The Connect System was developed as an answer to the increased LNG demand from the industry and due to implementation of SECA zones. Several small/mid-scale import terminals are currently being constructed or planned, and large scale import terminals are planning to offer LNG reloading and bunkering services. High jetty costs has been prohibitive for an acceptable payback time for several of these projects.
According to Connect LNG’s Chief Commercial Officer Magnus Eikens, the company’s solution is an enabler for several LNG projects by providing a solution for loading, discharge, re-loading and bunkering of LNG from both on- and offshore terminals.
The company is currently involved in projects for small/mid scale LNG loading, and their system is designed according to SIGGTO’s and OCIMF’s recommendations, in addition to being a part of DNV GL’s TQ-program.
Image: Connect LNG