FSRUs Market and Technical Considerations
President & Founder of LNGaSolutions, LLC
Tuesday, March 13th, 2018
11:30 AM - 1:30 PM
Westchase Marriott Hotel
2900 Briarpark Dr.
Houston, TX 77042
Houston Westchase Marriott; Map
Storage and regasification through floating or near shore units is a fast growing market. In recent years, emerging countries in Asia, Middle East and South America have joined the FSRU club. As there is more access to available and affordable clean natural gas from new production locations, business opportunities to meet gas importing demand through FSRUs have materialized. At the same time, communities around the world are embracing and actively adopting de-carbonized lifestyles.
In this presentation, the main technologies for consideration are discussed based on the operating envelope of the floating or near shore Regas unit. To achieve the expected operational performance of a regasification model, the approach to ensure its smooth integration with the shuttle LNG carrier and the terminal, need to be outlined. For conversion or new built projects good planning and execution are important. The approach depends on the LNG carriers selected for conversion. Sound structural condition, LNG tank arrangements and engineering systems that can be upgraded to meet the expectations of the storage and regasification project are discussed. For asset owners with under-utilised LNG carriers, conversion projects at experienced shipyards under controlled production environment are a wise choice. This is especially so for older tonnage and lately, even newer tonnages are being considered.
Following the UNFCCC, COP 21 Agreement on climate change, 195 countries have signed agreements and began adopting it within their own systems. FSRUs provide a fast and commercially viable means to bring clean energy to the consumables. It is beginning to expand to the smaller scale markets, suited for remote locations and their power consumption. This presentation provides an understanding of the FSRU market, technical considerations and the new technologies available.
Tony Teo is the President & Founder of LNGaSolutions, LLC and contracted as a full time LNG Consultant to Sembcorp Marine, an international marine and offshore rig builder and repairer with the world’s most modern ‘state of the art’ facilities, headquartered in Singapore.
Tony has over 38 years’ experience in the LNG & maritime industry with technical and leadership roles in Keppel, DNVGL and ABS in Singapore, Qatar and USA.
A graduate with a B.Sc. with 1st class honors degree in Naval Architecture & Ocean Engineering from the University of Glasgow, Tony has Executive Business program training from the renowned IMD Business School in Switzerland and an experienced trainer in ‘Relationship Based Selling’ from CapGemini University in France. Over the past 17 years, he has actively been promoting cleaner fuels such as LNG and Energy Efficiency technologies.
He is active in the Chemical Transport Advisory Committee (CTAC) and ASTM subcommittees on LNG and chairs the workgroups on portable LNG tanks standards, Regulatory Gap Analysis of LNG containment systems and Inspection of C tanks with Acoustic Emissions technique. He is a SNAME Fellow, chairs the SNAME’s T&R on LNG, a RINA Member with UK Chartered Engineer.