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Liquefaction technology market to have growing number of new entrants

Oil&Gas Materials 6 July 2022 13:56 (UTC +04:00)
Liquefaction technology market to have growing number of new entrants
Laman Zeynalova
Laman Zeynalova
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BAKU, Azerbaijan, July 6. As the LNG industry moves towards 2022-2027, a growing number of new entrants are expected in the liquefaction technology market, mainly due to the notable growth in small- and mid-scale LNG trains, Trend reports with reference to the International Gas Union (IGU).

“As the interest to explore for smaller volumes of stranded gas grows and access to LNG project financing and off-takers becomes increasingly competitive, small- to mid-scale LNG trains could emerge as lower risk alternatives. Owing to the smaller size of LNG trains and simpler configurations, the ease of standardisation and modularisation can also offer cost and execution time savings. In early 2022, Venture Global LNG started operations at its Calcasieu Pass LNG using BHGE’s Single Mixed Refrigerant (SMR) liquefaction technology, with each liquefaction module having a capacity of 0.56 MTPA. Tortue Ahmeyim FLNG will also come online with Black & Veatch’s PRICO technology (0.6 MTPA per train, four trains), which is already used in Tango FLNG. In large-scale LNG, although the liquefaction technology market is concentrated on a few players, there are some new technologies that have entered the market recently. One of these is Linde’s MFC4 process, which will be used in the three-train Arctic 2 LNG project, with a capacity of 6.6 MTPA per train,” reads the IGU report.

There has also been a growing focus on operator-based technologies.

“The Shell DMR technology will be used at LNG Canada (scheduled for start-up in 2025), after its application at Sakhalin 2 LNG and Prelude FLNG. Novatek’s Arctic Cascade process, designed for the Arctic climate, is used for Yamal LNG T4 (0.9 MTPA),” says IGU.

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