ABS HOME
ABS HOME
ABS HOME
Search

       Products & ServicesOffshore / Energy • E-News
Gastech 2005

Stories Team Subscribe Contact Archive

Energy News December 2004
A Publication of ABS Energy Project Development

ABS ADVISES INDUSTRY ON SAFE LNG TRANSPORT
AT HART’S GLOBAL LNG CONFERENCE IN NEW ORLEANS

ith the global market for LNG growing at more than three times the growth rates for oil or traditional
gas markets, ABS stressed the importance of safe transport of LNG at the Hart’s Global LNG Conference in New Orleans on October 13.

William J. Sember, ABS vice president of Energy Development, asserted that the offshore industry will see its strongest LNG demand growth come from the opening of the US market to new imports and China’s increasing need for energy.

NEW, LARGER LNG CARRIERS

“We will see a steady stream of new and larger LNG carriers and the development of offshore LNG terminals to accommodate this demand. Importantly, ABS offers the expertise and independent, third-party verification to support industry in the development of emerging technologies to help make these pioneering facilities a reality,” said Sember.

He added that ABS has the knowledge base and experience to assist industry in demonstrating compliance with today’s evolving regulatory structures.

Anticipating LNG growth early this decade, ABS issued its Guide for Building and Classing Offshore LNG Terminals in 2002 to address the technical, regulatory and jurisdictional issues surrounding the 40-50 offshore terminals proposed worldwide.

“Next-generation LNG ships require advanced technology that addresses the transport system. The pursuit of safe, efficient LNG transport in this technology-driven effort, however, creates global challenges as energy companies seek to maximize stakeholder return and capitalize on stranded hydrocarbon assets,” said Sember.

Today, some 160 LNG carriers are transporting liquefied gases. All of these vessels are classed in an effort to facilitate safe, reliable operation, says Sember, with ABS having built to class 67 LNG carriers.

GREATER LOAD CAPACITY, GLOBAL LNG TRADING

Increasing demand for LNG from a current 125 million metric tons per year to a forecast 200 million metric tons per year by the close of the decade, will drive the need for more LNG carriers, with an estimated 325-plus ships in the LNG fleet by 2015. These carriers will require greater load capacity to accommodate changing trading patterns.

Ship sizes are expected to nearly double from 145,000 cubic meters to 250,000 cubic meters. ABS has the experience to understand the technical issues associated with this dramatic expansion and is poised to assist industry in the growth,” said Sember.

Issues impacting the need for larger LNG carriers include terminal compatibility, propulsion, structural design and vessel performance, he advises.

CONTAINMENT SYSTEMS

While the shipping industry has perfected LNG containment systems for LNG transportation, the systems, in general, can be migrated in a fairly straightforward manner to terminal applications, says Sember.

“We see viable applications being considered for use of both the membrane and independent tank concepts presently in use,” said Sember.

APPROVAL IN PRINCIPLE

To facilitate development of novel ship and containment designs, ABS offers industry an alternative to prescriptive classification rules with the goal of achieving ABS approval in principle (AIP)—the first step in the regulatory and vessel certification process.

Sember joined panelists from INTEC Engineering and Excelerate Energy at the Hart’s Global LNG Conference to discuss how to transform LNG transportation challenges into opportunities.

The conference addressed new markets for stranded gas; opportunities to invest in new fleets, the latest information on changing technologies, permitting issues; aspects of the LNG value chain; approaches for planning long-term LNG strategies; and opportunities for attracting investment in LNG producing projects.

 
Return to Energy News Home Page
(December 2004)
Previous Story



Copyright 2004 American Bureau of Shipping. All rights reserved. Terms of Use

Directory Contact Us Links Site Map