TheImpactoftheGrowingLNGTradeontheConventionalOil.pptVIP

The Impact of the Growing LNG Trade on the Conventional Oil Tanker Industry By : Stavros Hatzigrigoris Richard Gilmore Presented to the  INTERTANKO Athens Tanker Event10–13 April 2005 Guide to the presentation Introduction Energy Consumption Overview Future Trends Natural Gas Segment of Total Energy LNG Fundamentals LNG Impact on Oil Tanker Industry Conclusions 1. Introduction ANGELICOUSSIS SHIPPING GROUP THE FLEET DRY CARGO TANKERS LNG 2. Energy Consumption Overview Future Trends Energy Consumption Overview Energy, Million Tons of Oil Equivalent (MTOE) 3. Natural Gas Segment of Total Energy LNG Pipeline Vs LNG Carrier LNG Demand through 2015 LNG Supply through 2015 4. LNG Fundamentals More Political Public Opinion :“LNG is environmentally friendly – but scary” Public Opinion :“LNG is environmentally friendly – but scary” ? LNG facilities and terminals have a 45-year record of operation without serious incident ? Worldwide, there have been more than 33,000 LNG carrier voyages without serious incident ? LNG is not explosive because it is not stored under pressure, and it is not toxic LNG itself does not burn because it contains no oxygen, which is needed for combustion. ? If LNG is released into the air, the liquid immediately warms up and converts back to a gas. Initially, the gas is colder and heavier than the air, so it freezes any water vapour in the air. This can temporarily create an icy fog. As the gas continues to warm, it dissipates and rises harmlessly into the air. Competitive Alternatives - 2. GTL Gas To Liquids (GTL) production is based on the Fischer-Tropsch process, which involves the conversion of natural gas to higher hydrocarbons like kerosene, gasoline, and naphtha, depending upon the operating conditions and catalysts used Competitive Alternatives - 3. Bulk Balls - Gas hydrates Gas clathrates, commonly called gas hydrates, ar