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Economics of Small Scale LNG Shipping: Application for Indonesia and SEA
Eduardo Perez www.SMALL-LNG.com
small-lng.com
Economics of Small Scale LNG Shipping: Application for Indonesia - - PowerPoint PPT Presentation
Economics of Small Scale LNG Shipping: Application for Indonesia - - PowerPoint PPT Presentation
Economics of Small Scale LNG Shipping: Application for Indonesia and SEA Eduardo Perez www.SMALL-LNG.com small-lng.com When and where to use Small LNG carriers Islands Seasonal consumption Isolated places / expensive pipelines
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When and where to use Small LNG carriers
- Islands
- Seasonal consumption
- Isolated places / expensive pipelines
- Pipeline expansions
- Pre-marketing / new markets
- Inland waterways
- LNG as fuel
- Pollution restrictions
- New disruptive forces: shale gas
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SEA: 600 MM ppl / 20,000 islands
Source: http://www.openstreetmap.org/#map=4/6.84/123.75&layers=T
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Indonesia LNG facilities
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LNG Infrastructure to support Small LNG Shipping and Distribution
- Hubs and receiving terminals as market
facilitators
- Singapore terminal
- South China Sea carriers 50% of the world
LNG
- Asia LNG consumption about 170 MM MTs
(2012)
- Major producers in the area
small-lng.com
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Singapore LNG terminal
- Current capacity: 6 MM MTs per annum
- 3 tanks with capacity for 540,000 cbms LNG
- 4th tank in 2018 will increase it to 11 MM
MTpa
- Singapore as a hub for the region
- Terminal can handle 2 Q-Max and 1 "smaller
LNG tanker" at a time
Source: http://www.power-eng.com/news/2013/04/23/corporate-singapore-lng-terminal-on-track-for-2q-launch-gets-ready-for-global-suppliers.html
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Small LNG Challenges & Opportunities
- Local Indonesian cabotage laws
- Indonesia: importer and exporter of LNG
- Exports being reduced + more producers
competing
- Competing terminals
- Limited pipelines
- End of fuel subsidies
- Newcomers to the market: Australia
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What is a Small LNG Carrier
- From 0 to 40,000 cbms
- Not a standard. Some people will use other
ranges.
- -162 degC
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Recent Developments in Small Scale Shipping
- Type C tanks and petchem ShipOwners
- Multi-product carriers
- Advances in design bring new flexibility at
load and disports.
small-lng.com
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Small LNG Carriers - world's fleet
- Very small fleet, less than 40 ships
worldwide
- Most of them already in a long term deal
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Small size LNG shipping market
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Existing small LNG routes
- Malaysia to Japan: Aman Bintulu (18900),
Aman Sendai (18900), Aman Hakata (18800)
- Indonesia to Japan: Surya Aki (19400),
Surya Satsuma (23000)
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Economics of Small LNG Shipping: Domestic vs. international
- Indonesia to Indonesia
○ Local product ○ Local Ship Owners
- Foreign to Indonesia
○ No cabotage law ○ Cheaper logistics ○ International Ship Owners
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Three days away from Bali
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