Title: Maximized Synergy Effects on LNG Terminals and Adjacent Power Plants
Author(s): Hyun Cho and Subhash N. Shah, The University of Oklahoma
Presentation: Thirteenth International Conference and Exhibition on Liquefied Natural Gas
Location: Seoul, Korea
Date:May 14-17, 2001
Abstract: The operational characteristics and seasonal supply patterns of liquefied natural gas (LNG) terminals are different from those of power plants. However, synergies through the combining both LNG terminals and adjacent thermal power plants can be maximized by establishing the proper strategy in planning and designing of these plants simultaneously.
This paper presents the integrated methodology for maximizing the potential synergy effects on economical investment, cost effective operations and the mutual contribution on both the plants. The important points to be considered in establishing the strategy are:
· Contribution of the mutual operation by different seasonal supply patterns
· Reduction in the LNG storage capacity with the role of gas demand swing by power plants
· Reduction in the total construction cost by sharing the facilities
· Reduction in environmental impacts
· Reduction in energy cost and increase in operational efficiency by supporting different types of energy requirements (condensation and vaporization)
· Solving contractual difficulties of integrated schemes
This paper analyzes these topics in detail and develops them with practical applications. This methodology provides a useful guideline for establishing a strategy to maximize the synergy effects on the combined plants.
