Forecast Model of Prices for Liquefied Natural Gas in the World Asian Energy Market

2020 ◽  
Vol 9 ◽  
pp. 790-796
Author(s):  
Alexander Lvovich Elyakov ◽  
Izabella Damdinovna Elyakova ◽  
Alexandr Alekseevich Pakhomov
Keyword(s):  
Natural Gas ◽  
Forecast Model ◽  
Liquefied Natural Gas ◽  
Energy Market ◽  
The World

scholarly journals SELECTING A LOCATION FOR A LIQUEFIED NATURAL GAS TERMINAL IN THE EASTERN BALTIC SEA

Transport ◽  
2014 ◽  
Vol 29 (1) ◽  
pp. 69-74 ◽  
Author(s):  
Vygantas Bagočius ◽  
Edmundas Kazimieras Zavadskas ◽  
Zenonas Turskis
Keyword(s):  
Natural Gas ◽  
Liquefied Natural Gas ◽  
Energy Market ◽  
Multi Criteria Decision Making ◽  
Objective Data ◽  
Construction Sites ◽  
Expert Opinions ◽  
The World ◽  
Criteria Weights ◽  
Selection Of

Liquefied Natural Gas (LNG) industry is among the fastest growing energy market sectors. The gas terminal in Klaipėda allows Lithuania to import natural gas from various countries around the world. One of the most debatable subjects is the location of the future terminal. The problem pertaining to selection of construction sites for the LNG terminal should be investigated and solved using the set of multiple conflicting criteria. Many researchers argue that similar problems should be solved by applying several different Multi-Criteria Decision-Making (MCDM) methods. The research presents the model for application of three different MCDM methods and aggregation of solution results for the problem, which is based both on different objective data and on investigation of expert opinions for determining subjective criteria weights for the problem.

Turkey's Path Towards an Energy Market

2019 ◽  
pp. 122-141
Author(s):  
Haşmet Gökirmak
Keyword(s):  
Natural Gas ◽  
Market Access ◽  
Energy Market ◽  
Private Firms ◽  
The Caucasus ◽  
Natural Gas Pipeline ◽  
Capacity Market ◽  
The World ◽  
Oil And Natural Gas ◽  
Pipeline Project

This chapter discusses the possibility of developing an energy market in Turkey. Turkey currently serves as an energy transit corridor, with the Baku-Tbilisi-Ceyhan (BTC) and Kirkuk-Ceyhan pipelines and with its seaborne oil trade, where large volumes are carried by tankers through its straits. Turkey also has the potential to become an energy market with new projects connecting producers in Central Asia, the Middle East, and the Caucasus, and major consumers of oil and natural gas in Europe and other regions of the world. Two recent megaprojects, The Trans Anatolian Natural Gas Pipeline Project (TANAP) and Turkish Stream will move Turkey closer to fulfilling this dream. Turkey, however, needs to meet some requirements to be considered a mature energy market. These are related, among others, to factors such as its infrastructure, storage capacity, market reforms, and easy market access for private firms to actively participate in the energy market.

Finding a home for Australian LNG in developing power markets

2019 ◽  
Vol 59 (2) ◽  
pp. 605
Author(s):  
Craig Henderson ◽  
David Miller
Keyword(s):  
Natural Gas ◽  
Liquefied Natural Gas ◽  
Power Markets ◽  
Energy Market ◽  
Market Conditions ◽  
New Markets ◽  
Developing Markets ◽  
Market Trends ◽  
Fuel Source

Recent energy market trends have opened the opportunity to exploit Australian liquefied natural gas (LNG) as a cost-competitive fuel source for power projects in developing markets. Regrettably, having favourable market conditions does not automatically lend itself to projects getting sanctioned and being successful. It is fair to say that the number of projects up and running in the current market is less than expected. This paper aims to explore some of the key reasons why LNG to power projects fail to become a reality and what Australian LNG producers could do to achieve their ambition of creating new markets to sell their LNG into. The paper concludes by outlining several development approaches that are being used in industry and how Australian LNG suppliers can partake in these approaches by standing out from the crowd, framing the opportunity, aligning agreements to the capability of the technology and understanding scale and industrial ecologies.

scholarly journals The future of Russian LNG on the world gas markets

2018 ◽  
Vol 58 ◽  
pp. 03005
Author(s):  
Natalia Pyatkova
Keyword(s):  
Natural Gas ◽  
World Trade ◽  
Liquefied Natural Gas ◽  
The State ◽  
World Markets ◽  
The World ◽  
The Future ◽  
Gas Markets

The main purpose of the article is to analyze the situation on the world markets of liquefied natural gas (LNG) and Russia’s ability to enter this market. This article continues the work carried out 15 years ago on possible ways of diversifying the forms and directions of Russian gas exports [1]. An analysis of the state of the LNG market for this period was made, prospects for the development of world trade in LNG and promising Russian projects were considered.

scholarly journals Comparative analysis of natural gas imports by pipelines and FSRU terminals

Pomorstvo ◽  
2019 ◽  
Vol 33 (1) ◽  
pp. 110-116
Author(s):  
Filip Jovanović ◽  
Igor Rudan ◽  
Srđan Žuškin ◽  
Matthew Sumner
Keyword(s):  
Comparative Analysis ◽  
Natural Gas ◽  
Energy Supply ◽  
Sustainable Energy ◽  
Liquefied Natural Gas ◽  
Energy Sources ◽  
Energy Market ◽  
Gaseous State ◽  
Feasible Option ◽  
Market Outlook

Natural gas is one of the most sought-after trade commodities in the energy market, mainly due to exploitation of cleaner and sustainable energy sources. The most common transportation method for natural gas imports is either through designated pipelines in its gaseous state or carried in its liquefied state as Liquefied Natural Gas (LNG) by specialized tankers. The analysis and comparison of natural gas import by pipelines and FSRU (Floating Storage and Regasification Unit) terminals is presented in this paper. Pipeline import is currently the cheapest and most feasible option, but it requires significant infrastructural investments, which can affect imports in countries where production is far from the delivery, so alternatively vessels and import terminals are necessary to ensure natural gas imports and energy supply stability. This paper analyses the technology and current market outlook of both natural gas import methods.

Risk and Reliability Analyses for Innovative LNG Offshore Floating Units

2013 ◽  
Author(s):  
Olivier Benyessaad ◽  
Diane Ruf
Keyword(s):  
Natural Gas ◽  
Hazard Assessment ◽  
Liquefied Natural Gas ◽  
Energy Resources ◽  
Reliability Engineering ◽  
Qualitative And Quantitative ◽  
The World ◽  
Different Types ◽  
Offshore Industry

The development of the Liquefied Natural Gas (LNG) offshore industry is viewed as a major improvement in the exploitation of the world’s energy resources. Most energy analysts agree that significant increases in Natural Gas (NG) demand is expected in the next decades due to relatively low prices and an important gas quantity worldwide. In order to develop the use of this resource, many innovative offshore floating installations have been developed and are currently deployed all over the world. However, hazards linked to LNG and due to hydrocarbon releases are not always so well understood or controlled. Thus, in order to quantify and understand these risks associated to LNG treatment or containment as well as their consequences, a number of different types of risk and reliability engineering techniques can be used at different stages of the project. The following will present specific analyses that have been performed on innovative LNG Offshore floating units to provide a qualitative and quantitative hazard assessment by predicting the consequences and the frequencies of these hazards, while improving the reliability of the installation and its availability. The paper will first introduce the LNG offshore industry outlining the different installations possibilities and the associated hazards. Then, based on recent projects, it will detail the risk-based methodology applied to ensure the safety and the profitability of such innovative installations when no rules are able to frame fully the development of these projects. Finally, after having pointed out the ins and outs of risk studies, a case study using most of the methods presented previously will be developed.

Heat Recovery From a Liquefied Natural Gas Production Process by Means of an Organic Rankine Cycle

2018 ◽  
Author(s):  
M. A. Ancona ◽  
M. Bianchi ◽  
L. Branchini ◽  
A. De Pascale ◽  
F. Melino ◽  
...  
Keyword(s):  
Natural Gas ◽  
Production Process ◽  
Heat Recovery ◽  
Organic Rankine Cycle ◽  
Rankine Cycle ◽  
Gas Production ◽  
Liquefied Natural Gas ◽  
Working Fluid ◽  
Energy Market ◽  
Natural Gas Production

In the last years, the increased demand of the energy market has led to the increasing penetration of renewable energies in order to achieve the primary energy supply. However, natural gas is expected to still play a key role in the energy market, since its environmental impact is lower than other fossil fuels. It is mainly employed as gaseous fuel for stationary energy generation, but also as liquefied fuel, as an alternative to the diesel fuel, in vehicular applications. Liquefied Natural Gas is currently produced mainly in large plants directly located at the extraction sites and transported by ships or tracks to the final users. In order to avoid costs and environmental related impact, in previous studies Authors developed a new plant configuration for liquefied natural gas production directly at filling stations. One of the main issues of the process is that in various sections the working fluid needs to be cooled by external fluids (such as air for compressor inter and after-cooling or chilling fluids), in order to increase the global performances. As a consequence, an important amount of heat could be potentially recovered from this Liquefied Natural Gas production process. Thus, based on the obtained results, in this study the integration between the liquefaction process and an organic Rankine cycle is proposed. In fact, the heat recovered from the Liquefied Natural Gas production process can be used as hot source within the organic Rankine cycle. The aim of the work is the identification of the optimal integrated configuration, in order to maximize the heat recovery and, as a consequence, to optimize the process efficiency. With this purpose, in this study different configurations — in terms of considered organic fluid, architecture and origin of the recovered heat — have been defined and analyzed by means of a commercial software. This software is able to thermodynamically evaluate the proposed process and had allowed to define the optimal solution.

scholarly journals EXPANSION OF INTERNATIONAL TRADE WITH RUSSIAN GAS FOR THE ACCOUNT OF ITS DIVERSIFICATION AND USE OF INNOVATIVE DIRECTIONS

2018 ◽  
pp. 133-148
Author(s):  
R. M. Zhdanovskih
Keyword(s):  
International Trade ◽  
Natural Gas ◽  
Russian Federation ◽  
Liquefied Natural Gas ◽  
European Countries ◽  
Forward Contracts ◽  
Eu Countries ◽  
The World ◽  
Pipeline Systems ◽  
The Russian Federation

The article is devoted to the gas export of the Russian Federation, as well as to the search for solutions to the problems arising in the process of foreign gas trading by Russian gas companies. It is specially noted that, as a serious shortcoming of gas exports from Russia, it is only one-pointedness to European countries (mainly to EU countries) and Turkey. In addition, it is pointed out that the supply of natural gas (GHG) from the Russian Federation is carried out with a few exceptions only through pipeline systems. All this puts Gazprom and a number of other Russian gas companies in greater dependence, both from direct European importers and from GHG transit countries. It will be possible to solve the problem of diversification and reliability of gas export to the far abroad of the Russian Federation only due to a certain transition to a new technological type of storage and transportation of NG – in liquefied state. In this case, Russian gas companies will be able to export LNG not only via pipelines to a limited number of countries, but also in the form of liquefied natural gas (LNG) by gas tanks to many countries of the world. This will expand the scale of gas trade to the size of oil trading operations. Russian gas companies and Gazprom, using innovative forms of trade in illegal volumes of LNG in the form of spot, futures and forward contracts, will be able to carry out more flexible trading operations and receive increased profits. At the same time, their dependence on European consumers of Russian pipeline PG and transit countries will decrease.

The Reasons And Problems For The Renewed Interest In Natural Gas And Liquefied Natural Gas (Lng) World Wide During The Late 1980s And Early 1990s

1991 ◽  
pp. 44-53
Author(s):  
Zulkifli Abdui Majid
Keyword(s):  
Natural Gas ◽  
Energy Security ◽  
Energy Demand ◽  
World Wide ◽  
Environmental Concern ◽  
Liquefied Natural Gas ◽  
Valuable Source ◽  
The World

lncrease in world's energy demand, energy security and environmental concern has given rise to a new perception of natural gas and LNG as a valuable source and future resource of energy for the world. Although these factor has renewed the interest of natural gas as a fuel there are a number of problems to be overcome in order to put the projects (especially LNG) on stream. This paper will discuss the reasons and problems for the renewed interest in natural gas and LNG world wide during the late 1980s and early 1990s.

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