Liquefied Natural Gas Limited Regaining the Balance
CWC Annual World LNG Summit Presentation
Perth, Dec 19, 2016 AEST (ABN Newswire) - Liquefied Natural Gas Ltd (
ASX:LNG) (LNGLY:OTCMKTS) are pleased to provide a Company Presentation by Managing Director Greg Vesey, at the CWC Seventeenth Annual World LNG Summit for 2016.
OSMR(R) Key Advantages
- Mid-scale compact modular design
- Ammonia's superior thermodynamic qualities in closed-loop configuration
- Mixed refrigerant pre-cooled by the Ammonia (NH3)
- Dual drive "2-in-1" configuration
- Driver selection & use of combined cycle power
- Gas turbine inlet air cooling
- Low pressure boil-off gas (BOG) re-liquefaction
- Highly efficient fuel gas consumption
- Site selection & fit-for-purpose philosophy
CAPEX is Complete, Contracted, or Confirmed
Magnolia LNG Project
- EPC + Owner's Costs per tonne range of US$549 to US$628 based on final FID design capacity
- Executed Lump Sum, Turnkey EPC Contract ($499-544/mtpa)
-- 4 x 2 trains, 2 tanks, all amenities
-- Gas turbines, compressors, cold boxes, bulk materials
-- Mob / de-mob costs
-- Capital spares / contractor insurance
-- EPC profit, risk funds, escalation, contingency
- Owner's Costs contracted or verifiable ($50-84/mtpa)
-- Owner's engineer
-- Remaining regulatory, permitting, and environmental costs
-- Commissioning gas and cost
-- O&M mobilization
-- Other minor non-EPC contracts
-- Internal capitalized costs from financial close
- Financing costs will be at market rates as at Financial Close
OSMR(R) OPEX Attributes
- Less natural gas consumed as fuel (reduced feed gas retainage)
-- Annual US$28 million saving for an 8 mtpa plant (based on 2% retainage reduction from traditional designs, US$3.00/mm Btu)
- Lower Greenhouse Gas (GHG) emissions
-- Annual reduction of 500,000 metric tons GHG for an 8 mtpa plant (based on 2% retainage reduction from traditional designs)
- Lower overall emissions
-- Reduced fuel consumption inherently reduces all emissions; very low NOx gas turbines further limit profile
- Minimal flaring
-- Innovative plant design and procedures minimize flaring during start-up, cooldown, and other transient conditions
- High reliability / availability, dual-drive "2-in-1" configuration
-- Independent, parallel refrigerant circuits mitigate impact of planned / unplanned outages
To view the Company Presentation, please visit:
http://abnnewswire.net/lnk/422B27SR
About Liquefied Natural Gas Ltd
Liquefied Natural Gas Limited (
ASX:LNG) (OTCMKTS:LNGLY) (LNGL) is an ASX listed company whose portfolio consists of 100% ownership of the following companies:
- Magnolia LNG, LLC (Magnolia LNG), a US-based subsidiary, which is developing an eight mtpa or greater LNG export terminal, in the Port of Lake Charles, Louisiana, USA;
- Bear Head LNG Corporation Inc. (Bear Head LNG), a Canadian-based subsidiary, which is developing an 8 – 12 mtpa LNG export terminal in Richmond County, Nova Scotia, Canada with potential for further expansion;
- Bear Paw Pipeline Corporation Inc. (Bear Paw), which is proposing to construct and operate a 62.5 km gas pipeline lateral to connect gas supply to Bear Head LNG; and
- LNG Technology Pty Ltd, a subsidiary which owns and develops the Company's OSMR® LNG liquefaction process, a midscale LNG business model that plans to deliver lower capital and operating costs, faster construction, and improved efficiency, relative to larger traditional LNG projects.
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