So you are interested in one of the coolest fuels on earth and would like help how to go from an idea to a successful project? We have compiled the things that need to be considered, common stumbling blocks and pointers that will guide you towards your ultimate goal: a small-scale liquified natural gas (LNG) terminal.
Natural gas is a better choice than other fossil fuels from an environmental point-of-view as its use results in lower greenhouse gas emissions and a better air and water quality. Some see LNG as a means of diversifying their energy mix and lessening their dependence on existing supply sources. Since natural gas is cleaner than other hydrocarbons, switching over to it generally results in lower process and maintenance costs. But the most common reason for contemplating LNG is that there is an abundant supply and prices are therefore expected to be affordable and fairly stable for many years to come.
Whether you require LNG for powering your own industrial facility or for supplying regional customers, the building of a small-scale LNG terminal can be a complicated project. The journey from conceptual idea to established business requires overcoming numerous obstacles along the way and expert help will almost certainly be needed at some point. It is essential that the project’s stakeholders are committed and that they work as a unit under an experienced project leader. The business case must be built, financing will be required, and the risks identified.
There will be numerous pitfalls to be avoided along the journey from idea to completed project. Costs need to be fully understood and controlled, the pricing and supply options need to be expertly evaluated, and know-how is needed at every stage of the project.
So, when developing an LNG terminal project, these are some of the questions you should be asking:
- How to evaluate the consumption of LNG?
- Which parties to involve in the project?
- What is the right size for the terminal?
- How to find and evaluate an optimal location?
- How to manage the project construction?
- What kind of risks do you need to examine?
- Where should you focus to avoid common pitfalls?
You find answers to these and several other key questions in the Developer’s guide for small-scale LNG terminals. Download your copy and contact us to develop your idea into business.
This advertorial was produced by Wärtsilä Energy Solutions and does not necessarily reflect the views of LNG World News. No member of the editorial team took part in creation of this article. Please contact us at firstname.lastname@example.org for inquiries.