LEIF HEGH & CO

LNG Floating Storage and Regas Unit

FSRU
Bjrn K. Markussen - Senior Advisor HLNG

Zeus Development Corporation

LNG: Moving Off-shore

Houston September 2004

LNG FSRU- 180.000 cbm storage &

0,5 - 1,5 BScuf/d Regas capacity

FSRU -180.000 cbm storage0,7 Bscf/d Regas capacity

General description
Size of vessel (LXBXD):

277,0 x 51,2 x 24,0 meters

Draft of vessel:

12,0 m scantling, 11,0 m operation.

Deadweight:

84.000 tons - 11,0 m.

Storage capacity:

180 000 cbm

Regas capacity:
Regas modules on deck

0,7 Bscf/day
3 off

Propulsion:

2 azimuth thrusters each 5.500 kW.

Speed:

11,0 knots.

Power Generation

3 x 6.000KW. Total 18.000 KW.

Power Consumption:

Abt. 9.000 KW normal operation.

LNG FSRU philosophy

Low CAPEX and OPEX

Operating location: inside or outside 12 NM limit
Flag: National - or International
Building at shipyards world wide
Design-, build- and operate as LNG vessels or as offshore unit
Flexible Regas capacity 0,5 - 1,5 BScuf/d
40 years vessel life (25 years for equipment)
Mooring feasible in wide range of water depths (25-100 m)
STL buoy mooring and riser connection (APL)
Unitised re-gas plant on deck (HKSE)
Side-by-side mooring of LNG supply vessel - heading control
Disconnect-and sail away from hurricanes and/or for dry-docking
Permitting in USA:
As Deep Water Port

FSRU - product flow diagram

BOIL-OFF
COMPRESSORS

RECONDENSER

SEND-OUT
PUMPS

SHUTTLE
TANKER

CHICKSAN
ARMS

LNG
TANKS

TANK
PUMPS

VAPORISERS

METERING?

SEAWATER
PUMPS

TURRET

LEGEND:
Blue

LNG

Red

Vapour

Black

El. Power

Green

Seawater

EL. POWER
PLANT

LNG FSRU
PRODUCT FLOW
BLOCK DIAGRAM

LNG/C to FSRU - side-by-side transfer

-Supply from standard LNG vessels

-Side-by-side discharge
-Regular loading arms
-Heading control
-Availability comparable to
side-by-side transhipment of crude oil

Side-by-side off loading

Application of
regular LNG
loading arms
in use today

FSRU - operation in bad weather.

FSRU may connect in 6 m Hs

FSRU stay connected in up to 11 m Hs
FSRU may leave location for hurricanes

STL buoy from APL

HKSE: LNG regasification system

Propane
LNG/seawater
heat exchanger

LNG/propane
heat exchanger
(PCHE)

LNG In

LNG out

LNG booster
pump

2 Propane /
Seawater HX
Seawater In

Seawater out

Propane pump

Regasification Plant

Video

LNG regasification system - dimensions

11460 mm

7960 mm

3980 mm
Dry Weight per skid : 52 ton
Capacity for this skid: 210 t/hr
Send-out:
250 MMScuf/d

LNG regasification system

System parameters

Process/system

LNG

Propane

Seawater

LNG regasification system - cold water

Steam
LNG
Seawater
Propane
HKSE patent application

Shipping & Terminal Economics

Cost comparisons for:

LNG/C to land based receiving terminal
Shuttle and Regas Vessels (SRV)
LNG/C to Floating Storage and Regas Unit
(FSRU)

LNG/C to land based terminals

145.000 cbm LNG/C

Diesel propulsion
+ reliquefaction

Shuttle and Regas vessels - SRV

Two buoys for continuous send-out

145.000 cbm vessels
Diesel + reliquefaction

180.000 cbm FSRU - 0,7 BScf/d Regas

FSRU cost

Yard price FSRU (indication)

320 mill $

Into service cost

Positioning cost
Mooring buoy, riser & PLEM
Into service price

370 mill $
10 mill $
30 mill $
410 mill $

CAPEX (25 yrs, 10%, 10 mill $ resid)

Running cost (as vessel)
Fuel cost
General expenses
TOTAL FSRU terminal cost

120000 $/d
18000 $/d
5000 $/d
5000 $/d
148000 $/d

FSRU and SRV Economics

SRV: Competitive for low to medium send-out capacity
and short to medium shipping distances.

Terminal & Regas Cost - $/MMBtu

0,5

FSRU: Competitive for medium to large send-out capacity

and medium to long shipping distances.

0,45

SRV-7900 nm

0,4

Arabian Gulf - US Gulf

0,35
0,3

SRV-5900 nm
W-Africa - US Gulf

0,25
0,2

Onshore

0,15

SRV - 2200 nm
Trinidad - US Gulf

0,1

FSRU (200 k storage)

0,5

0,75

1,5

Send-out capacity - Bcf/d

FSRU & SRV market potential

SRV
FSRU
For harsh- (and benign)
For benign environment
environment world-wide
Side-by-side loading
3 vessels and one buoy
Gulf of Mexico
under construction for GoM
Mediterranean
operation
South East Asia
Cost competitive:
In the future for harsh environment
small- to medium re-gas
Tandem loading (under
volumes
development)
short- to medium shipping
Far East
distances
US East and West Coast
Cost competitive:
medium to large re-gas volumes
medium to long shipping distances

Concluding remarks

remarks

Easy to locate offshore

Short permitting time
Short construction time
Economically competitive
Environment friendly