LNG and digitalisation [Gas in Transition]

2022-09-03 09:57:40 By : Mr. Fan Bob

The LNG industry is in overdrive. Digital monitoring of assets to optimise reliability and reduce downtime has never been so important. [Gas in Transition, Volume 2, Issue 7]

Go back only a few years and the LNG market was in a very different place. With low prices and a surfeit of new projects on the board relative to demand, an acceptable supply-demand gap that warranted a final investment decision on a new plant seemed to be permanently receding. To succeed, projects had to show that they could produce LNG at significantly lower cost, both in terms of capital and operational spending, than the competition provided by existing plants and those on the drawing boards of competitors. They also then had to demonstrate their capacity to reduce greenhouse gas (GHG) emissions. Attracting long-term customers depended not just on cost, but the environmental impact of liquefaction...

Natural Gas & LNG News, Liquefied Natural Gas (LNG), Insights, Premium, Gas In Transition Articles, Vol 2, Issue 7

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