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1 FSRU Höegh LNG - provider of floating LNG services Ragnar Wisløff Company Commercial Officer Höegh LNG
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FSRU
Höegh LNG - provider of floating LNG services
Ragnar Wisløff Company Commercial Officer Höegh LNG
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FSRU
Höegh LNG - provider of floating LNG services
Floating Storage Regasification Unit (FSRU) A floating LNG import terminal moored offshore or to a jetty allowing energy companies to store and regasify LNG close to markets with limited impact on land. A highly cost competitive solution to building large, shore based storage and regasification facilities.
HÖEGH LNG – COMPANY FACTS
Transportation FLNG
5 LNG carriers in operation Mainly long-term charters with
blue chip counterparts
Modern fleet with 2 FSRUs in operation on long term T/C with GDF Suez LNG
4 newbuildings on order for delivery 2014 and 2015
Terminal services commence 2013 and 2014 for three units
Own FLNG design Performing paid engineering
studies for two potential FLNG developments
Partner in a Papua New Guinea FLNG joint venture
Business area to be capitalized on a stand-alone basis and spun off
FSRU
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Business Model: «provider of floating LNG services under long-term contracts»
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FSRU PROJECTS – Risk management challenges
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What is a floating LNG terminal?
A Floating Storage and Regasification Unit is permanently moored close to the market
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Offshore mooring
Double-berth jetty
Project specific mooring solution Some other mooring examples:
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What is a floating LNG terminal?
An LNG carrier approaches the FSRU to bring a new cargo
2. The FSRU is compatible with the world LNG carrier fleet Typically, LNGCs of 80,000 to
170,000 cbm will be used Both Moss and Membrane type
LNGCs are compatible
Full feasibility to discharge LNG from the FSRU to LNG bunker vessels, short-sea LNG shipping, road trucks
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What is a floating LNG terminal?
The LNG is transferred from the LNG carrier to the FSRU
1. 3. LNG transfer can be done “ship-to-ship” or across a berth with loading
arms or flexible hoses
Flexible hoses
Across a berth
Onboard regasification of LNG Output from 1 to 10 bcm p.a., but
typically 2-5 bcm p.a. Multiple seawater pumps provide
the heat to warm the LNG; steam heat may replace or supplement the seawater heating
A modular and skid-based design Proven systems and components High reliability
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What is a floating LNG terminal?
The FSRU continuously regasifies the LNG and sends high-pressure natural gas to shore
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Regas skids
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What is a floating LNG terminal?
The customer is provided with a clean and low cost energy – secure and reliable
1. 5. A power station with installed capacity of 1,500MW switching from oil to gas will save several hundred million USD per year in fuel costs
Also emissions to air are reduced substantially
With regional distribution in smaller vessels using the FSRU as mother ship, also regions not possible to serve with pipelines can benefit
FSRU for PGN – particulars
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Location of FSRU
Newbuild FSRU to be located 20 km offshore South Sumatra with mooring and off/onshore pipeline to shore
20 year service contract covers the FSRU
3 regas skids, normal regas rate 240 MMSCFD (2.4 BCM)
Annual equivalent 2 mill tons of LNG
170,000 m3 LNG storage capacity
No dry-docking during service period
Mooring system chosen is a Tower Yoke
LNG loading systems side-by-side ship-to-ship transfer using flexible hoses
FSRU with propulsion (10kn)
Start-up 2014
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PERUSAHAAN GAS NEGARA (PGN) - LAMPUNG, INDONESIA – start-up Q2’14
The LNG import terminal will connect to Indonesia's existing main grid and supply gas to Sumatra and the Jakarta region replacing supply from depleting gas fields in Sumatra
Project Management / Technical Interface Meetings
Project Finance
PT Höegh LNG Lampung
Mooring arrangement
Offshore installation
Operation
FSRU PROJECTS – Risk management challenges
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FSRU PROJECTS – Risk management challenges
KLAIPEDOS NAFTA FSRU - LITHUANIA – start-up Q3’14
The FSRU will provide a second import gate for natural gas to Lithuania and add to the security of energy supply
New LNG terminal law adopted by the Parliament of Lithuania in June 2012
Name of the FSRU is “INDEPENDENCE”
Project Finance
Mooring arrangement
Operation
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COLBÚN / AES GENER FSRU - CHILE – start-up TBD
The FSRU will be used to provide power plants in Chile with natural gas
The FSRU will be located in Quintero Bay, close to Santiago, Chile.
Höegh LNG preferred bidder
Offshore installation
Operation
FSRU
FSRU PROJECTS – Risk management challenges
