Liquefied Natural Gas
Energy solutions for a low-carbon future
At AFRY our consulting solutions are a bucket of services utilizing different technologies and strategic roadmaps, through which Liquefied Natural Gas (LNG) and Natural Gas (NG) facility processes and operations can be optimized in terms of efficiency, safety and quality, while promoting sustainable and reliable energy.
LNG and NG in the Energy Transition
Go Green is everyone's mantra nowadays and rightly so, considering the massive toll that pollution has taken on the planet. Therefore, Liquefied Natural Gas has become a preferred fuel for power generation and logistics because it is a low-carbon resource. Today energy is climbing up the business agenda due to sweeping environmental, social, and business trends, including climate change and global carbon regulation, increasing pressures on natural resources, rising expectations about corporate environmental performance, innovations in energy technologies and business models, and plummeting renewable energy prices. These megatrends change the context in which current business “LNG as a fuel for Power” operates, open to new risks and new paths to value creation.
AFRY offers concrete solutions for LNG/NG based power generation which is critical for value creation because of the following reasons;
- Growth in electricity demand and consumption, leading to the development of new power generation facilities, particularly independent power producer plants.
- Rapid commercialization of marine LNG regasification solutions, including floating storage units (“FSU”) and floating storage and regasification units (“FSRU”), allocating the development of flexible small and mid-scale LNG regasification infrastructure with lower capital costs and shorter lead times than traditional land-based terminals.
Considering the above challenges and technological dynamics in LNG to Power Projects development, AFRY experts provide the solutions by using the following strategies to strengthen the structure of LNG-to-Power projects:
- Understand the Project Context
- Access the potential value for the project
- Access comparative value
- Identify and Understand Stakeholders
- Think about Partners
Front End Loading to maintain and create business value by shaping scope development process
- Technology solutions
- Interconnectivity risk associated with projects and participants
- Cost estimation, Financial Modeling to evaluate the targeted returns
Mixed Contracts that involves reimbursable engineering and procurement, followed by lump-sum contracts for operations
- Type of LNG terminal infrastructure i.e., Land-based or Floating terminal
- Are projects fully integrated or are separate projects interconnected?
- Facilitate Interface management