Ziff Energy, GPMi Launch LNG Study

MarineLink.com
Thursday, February 20, 2014

Ziff Energy and Gas Processing Management Inc. analyze the gas growth areas of the Western Canadian Sedimentary Basin in Alberta and British Columbia.

Ziff Energy, a division of HSB Solomon Associates LLC (Solomon), and Gas Processing Management Inc. (GPMi) announced the launch of the Gas West for LNG Growth Study, which analyzes the gas growth areas of the Western Canadian Sedimentary Basin in Alberta and British Columbia as key suppliers of natural gas to the developing liquefied natural gas (LNG) facilities on the West Coast of British Columbia (Canada) and Oregon (United States).

The proponents of 16 natural gas liquefaction (NGL) and export facilities have applied to the Canadian National Energy Board for licenses to export gas volumes or have announced potential projects. More than 30 Bcf/d of natural gas feedstock may be required from a basin that currently produces 13 Bcf/d—a sizeable potential production, investment, and activity growth opportunity.

“It is no longer the lower price of Canadian gas that will drive activity levels,” said Bill Gwozd, P.Eng., Senior Vice President of Gas Services at Ziff Energy. “Instead, it is the full-cycle cost of drilling and field exploitation, gas gathering and processing, gas transport to the West Coast, gas liquefaction, LNG tankers to Asia, and regasification for Asian gas utilities and industrials that will determine the ultimate volume of LNG that will be harvested from Canada. If the Canadian industry can manage the full-cycle costs of the LNG chain and compete on a worldwide scale, then Asia will consume as much LNG as we can reasonably deliver,” says Gwozd.

The Gas West for LNG Growth Study will:

  • Assess the risk associated with the proposed LNG facilities and construct an independent assessment of how activity in the basin will unfold.
  • Forecast gas production to 2035 from the growth areas with a focus on tight gas in the Cretaceous and Montney formations, and shale gas in the Duvernay, Horn River, Liard, and Cordova Basins.
  • Sequence basin development based on resource ownership, gas characteristics, hydrocarbon liquids content, development costs and economics, and LNG facility access.
  • Assess the required long-haul gas feedstock pipelines to the LNG facilities to build a logical case for integrated development.
  • Analyze the existing sales gas systems to the producing area’s gas processing facilities and define opportunities to modify, expand and construct new pipes.


The Gas West for LNG Growth Study, the first step toward understanding natural gas as a specific product focus, will be released in the second quarter of 2014. This study is the fifth in a six-study series titled, “Western Canada Gas Supply and Infrastructure Study,” which are supported by 50 industry subscriptions and 25 different companies.

The four completed studies in the series are as follows:

  • South Montney Tight Gas Growth, January 2012
  • Tight Gas and North Duvernay Growth, June 2012
  • South Duvernay Growth, February 2013
  • North Montney and Shale Gas Analysis, November 2013


The series’ sixth study, titled “Western Canada NGL Supply and Infrastructure Growth Study – Impact of LNG Development,” will analyze similar issues related to NGL. This study will be available in the third quarter of 2014.

“The completed studies provide important and timely analyses that detail the resource and optimize the development of the infrastructure for the gas growth regions in Western Canada from an independent and unbiased perspective,” said Bob Child, P.Eng., Principal at GPMi and a study co-author. “They focus on optimizing capital, reducing operating expenses, enhancing product recoveries and shortening cycle times as if an industry team owned all the resources and assets.”

The Gas West for LNG Growth Study is based on publically available data sources; no data is requested from study subscribers. Due to the developing nature of the area infrastructure, Ziff Energy and GPMi may conduct interviews with operators of existing and developing infrastructure to ensure that the study uses the most current data.

Ziff Energy and GPMi will jointly analyze and develop the strategic analysis for the owners and operators of the LNG plants, production and infrastructure, and for investors, governments and interested parties to consider.

“We believe that the Gas West for LNG Growth Study has the potential to support the industry in its efforts to effectively and efficiently develop an Asian-focused LNG supply,” adds Bill Armstrong, P.Eng., Principal at GPMi. “An integrated approach has the potential to decrease capacity overbuild and improve utilizations, increase the efficient use and overall effectiveness of the infrastructure, increase recoveries of the associated resources and ultimately result in increased competitiveness of the Western Canadian basin on the North American and international markets. LNG purchasers consider several factors including the growth of LNG markets, the decline of existing LNG supply sources, diversification and reliability of LNG supply locations, and the delivered price.”

ziffenergy.com

gasprocessing.com
 

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

OSV Technology: Notable Designs & Deliveries

Though the market for Offshore Support Vessels (OSVs) is soft, advances in technology, fit and finish in  the sector is unrivaled in any other maritime niche over the past five years.

Gondan Lays Keef for IMR Oceanographic Vessel

Gondan Shipyard has celebrated at its facilities in Figueras the keel laying ceremony of the new Oceanographic Research Vessel for the Institute of Marine Research (IMR) of Bergen, Norway.

MMT Presents Surveyor Interceptor ROV (SROV)

At Ocean Business in Southampton  MMT´s key topic was the new Surveyor Interceptor ROV (SROV). Together with its Norwegian partners Reach Subsea AS, MMT developed a new generation,

Finance

Oil Price Shock Soon to be Positive Overall for Canada

Canada's economy will start to show more positive effects from the drop in oil prices than negatives from the second quarter onwards, Bank of Canada Governor Stephen Poloz said on Friday.

Total Eyes Sale of its Fuel Retailing Business in Turkey

Total aims to exit its fuel distribution business in Turkey and has asked Societe Generale to lead the sale, sources said on Friday, as the French oil producer

MISC Says AET Tankers Unit Not for Sale

MISC Berhad issued a statement today addressing recent market speculation that the company is set to sell its wholly owned petroleum tanker subsidiary AET Tankers.

Energy

Four Petrobras Platforms Halt Output Due to Oil Leak

Four Petrobras oil platforms off the northeast coast of Brazil have halted production after a leak of about 7,000 liters of oil was detected coming from a pipeline linking them,

Oil Price Shock Soon to be Positive Overall for Canada

Canada's economy will start to show more positive effects from the drop in oil prices than negatives from the second quarter onwards, Bank of Canada Governor Stephen Poloz said on Friday.

Total Eyes Sale of its Fuel Retailing Business in Turkey

Total aims to exit its fuel distribution business in Turkey and has asked Societe Generale to lead the sale, sources said on Friday, as the French oil producer

LNG

VT Halter Powers Ahead

If you drive just south of I-10 in Pascagoula, Miss., within 10 minutes you find yourself on the doorstep of VT Halter Marine, arguably one of the more diverse and active shipyards in the U.

OSV Technology: Notable Designs & Deliveries

Though the market for Offshore Support Vessels (OSVs) is soft, advances in technology, fit and finish in  the sector is unrivaled in any other maritime niche over the past five years.

FMC Honors Crowley for Green Initiatives

Crowley Maritime Corp. has been honored with the 2015 Federal Maritime Commission (FMC) Chairman’s Earth Day Award in recognition of the organization’s companywide

News

Two Rescued from Sinking Shrimp Boat

Two fishermen were rescued from their sinking shrimp boat by a U.S. Coast Guard aircrew Friday off the coast of Saint Simons Island near Brunswic, Georgia.   Watchstanders

IMO: Making Ferries Safer

The International Maritime Organization (IMO) domestic ferry safety conference in Manila April 24 has adopted guidelines to aid the process of reducing the mounting

Judge Orders Migrant Boat to Remain in Custody

An Italian judge on Friday ordered that the presumed captain of a migrant boat that sank with the loss of more than 700 lives should remain in custody after prosecutors

Offshore Energy

Four Petrobras Platforms Halt Output Due to Oil Leak

Four Petrobras oil platforms off the northeast coast of Brazil have halted production after a leak of about 7,000 liters of oil was detected coming from a pipeline linking them,

Huat Retires as Non-Ex Dir. of ST Engineering

Singapore Technologies Engineering Ltd (ST Engineering) today announced the retirement of Mr Quek Poh Huat as non-executive Director of the Company at its Annual General Meeting on 23 April 2015.

Five Minutes with Halul Offshore CEO, Vivek Seth

Last month Maritime Reporter spent some time with Vivek Seth, CEO, of Qatar-based Halul Offshore  Services Company, for his insights on the impact of low oil prices in the Middle East and beyond.

 
 
Maritime Contracts Maritime Standards Naval Architecture Pipelines Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1955 sec (5 req/sec)