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  • Canadian LNG projects "difficult to justify," report says [View news story]
    Given the current level of methane use, that is probably correct. However, the potential use of LNG as a co-generative fuel or the conversion to Methanol suggest that the potential for in situ use of methane will eliminate the need for long pipelines and large bulk shipping. Instead, cryogenic tank car-lots of LNG and methanol will change both the economics of use and the economics of related infrastructure and transportation.
    Aug 24, 2013. 02:43 PM | Likes Like |Link to Comment
  • Shell (RDS.A) may have taken the lead - at least in the rumor mill - as the bidder most likely to succeed in winning a share of InterOil’s (IOC) LNG project in Papua New Guinea, Platts reports. Shell’s perceived advantage over Exxon (XOM) and Total (TOT) centers on its existing relationship with the PNG government, strengthened by its ownership of emerging floating LNG technology. [View news story]
    It would be interesting to know if the rumor relates to LNG being used directly rather than being converted back to gas. If it is, it will be used as a co-generative fuel, adaptable to stationary turbines or diesels, or diesel locomotives, instead of gas or diesel fuel l, since it would supercharge that type of equipment via thermo heating, i.e., thermocharging. This in turn will mean that readily transferable containers of LNG will be produced directly at the rigs, and carried as containers to the location of use. This will be more efficient since it will result in the location of utility near the area of consumption, and will reduce the need for gas pipelines and electric grids. It will also mean that large LNG trains will be replaced by relatively small trains, such as GE makes, and do away with the long sea to land pipelines. It will be cheaper siince the very cold depths at the rig-site will lessen the cost of cooling the CH4. .In short, both the cost of LNG production and the technology used by utilities will be completely reduced. You might say revolutionized.
    May 3, 2013. 01:54 AM | Likes Like |Link to Comment
  • Qatar Petroleum and Exxon Mobil (XOM) agree to jointly evaluate unconventional natural gas resources in North America and global opportunities in liquified natural gas. Both companies are involved in LNG projects in Qatar, the world's no. 1 LNG exporter, and have shared interests in LNG terminals in the U.S. and Europe. [View news story]
    The use of LNG in the liquid form as a co-generative fuel, heated and pressurized by exhaust heat. This will result in shipment and distribution of 20-30 ton containers.Tthe LNG will be fed into heat exchangers which gassify and pressurize the LNG. This will be applicable for turbines and diesels producing electricity. It will make gas distribution pipelines archaic, produce electricity cheaper than the large steam driven plants which require extensive cooling of steam to reinject into the steam boilers, and enable turbines to operate near the point of use, thus rendering extensive electric grids uneconomic.
    Investments in gas pipelines from the depots which currently gassify the LNG,, large steam driven electric turbines and electric grids will be hard pressed to repay the cost of the investments. Electricity will be much cheaper.
    Production of LNG may be made on sea platforms in areas in which the sea bottom is very cold, such as the Macondo area which was so cold that the escaping natural gas combined with the cold sea water and plugged up the inverted funnels which were supposed to carry the natural gas to the surface. The fact that this occurrred indicated that Exxon was either unaware that the area was that cold, or that natural gas, mixed with seawater, freeezes.
    The significance of this indicates that large production units are not necessary but relatively small units such as those produced by GE may be installed on sea platforms, feeding into 20-30 ton cryogenic containers for shipment in container vessels.
    Apr 16, 2013. 02:23 AM | Likes Like |Link to Comment
  • Oil company stocks are in favor for their dividends at a time when income is hard to find, but WSJ's Liam Denning writes that an underlying lack of growth could cause problems down the road: "The risk for oil companies such as Shell is that today’s yield fad could fade before the promise of future growth is realized... It is a familiar theme across the sector." [View news story]
    The real downsides are disasters, like BP and XOM experienced. But the upside is the potential use of LNG as a co-generative fuel for gas turbines that replaces the current steam turbine system. Steam turbines require boilers and coolers, lots of pure water,etc. Thus the upside for the oil companies is the downside for utilties with big debt.
    Feb 19, 2013. 04:05 PM | 1 Like Like |Link to Comment
  • Is The Natural Gas Market Heating Up? [View article]
    A big factor in the long range future of natural gas will be the domestic and export use of LNG. The physical characteristics of LNG have the possibility of use by means of co-generation.That would involve using the LNG as a fuel which is preheated and pressurized by the outgas heat of the equpment which is being fueled. Thermo-charging. It would operate turbines, railroad and stationary diesels. GE has the technology for both production and co-generation but does not have the infrastructure of cryogenic shippping containers.
    Jan 21, 2013. 11:48 AM | 1 Like Like |Link to Comment