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 September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

Virtual AIS Beacons Employed in MH370 Search

Vesper Marine, a manufacturer of marine safety products and virtual Aids to Navigation (ATON), announced that its Virtual AIS Beacons are employed in the search

Alu Design to Create Next Generation of Marine Chairs

There’s a new designer in the driving seat at Alu Design. Per Ivar Selvaag, the former Lead Designer at BMW Group and Chief Designer of Peugeot’s concept car division,

New Dual Use Piracy Barrier Launched

Guardian Maritime launched Guardian Greenwater, a new product that was developed to deal with the issue of greenwater on-board deck following turbulent weather conditions,

Environmental

Court Dismisses Boating Industry’s Challenge to EPA Misfueling Rule

The National Marine Manufacturers Association (NMMA) said it is disappointed with the U.S. Court of Appeals decision released on Tuesday, October 21, 2014 for the D.

New Dual Use Piracy Barrier Launched

Guardian Maritime launched Guardian Greenwater, a new product that was developed to deal with the issue of greenwater on-board deck following turbulent weather conditions,

Australia Join Operation RENDER SAFE

Australian Defence Force (ADF) personnel have arrived in Bougainville to address a potentially deadly legacy posed by unexploded ordnance from past conflicts as part of Operation RENDER SAFE 2014.

LNG

VT Halter Begins Building LNG-powered ConRo Ships for Crowley

VT Halter Marine, Inc., a subsidiary of Vision Technologies Systems, Inc. (VT Systems), has commenced construction on the first of two liquefied natural gas (LNG)-powered,

Russian Minister to Intervene with Gazprom on Slovakia Gas Flow

Russia's Energy Minister Alexander Novak will intervene with Gazprom to raise reduced gas shipments to Slovakia to contracted levels, Slovakia's economy ministry

Weak Oil Threatens US Export of LNG

Plunging global oil prices may turn hopes for cheap liquefied natural gas supplies from the United States into a costly disappointment for Asian buyers who have

News

Video: USCG Medevacs Navy Sailor off Virginia

The U.S. Coast Guard (USCG) medevaced a man Wednesday from a Navy vessel off the Virginia coast after watchstanders at Coast Guard Sector Hampton Roads in Portsmouth

VT Halter Begins Building LNG-powered ConRo Ships for Crowley

VT Halter Marine, Inc., a subsidiary of Vision Technologies Systems, Inc. (VT Systems), has commenced construction on the first of two liquefied natural gas (LNG)-powered,

New Research Vessel Delivered on the Great Lakes

The new oceanographic research and fisheries assessment vessel, Arcticus, completed her sea trials and was delivered to the U.S. Geological Survey's Great Lakes Science Center on October 17.

Offshore Energy

Total CEO Killed in Moscow Runway Accident

Private jet collided with snow plow during takeoff; Total's CEO a defender of Moscow policies. Insiders Boisseau and Pouyanne long seen as potential successors.

Statoil: New Oil in the Grane Area

Statoil has together with PL169 partners proved new oil resources in the D-structure in the vicinity of the Grane field in the North Sea.   Well 25/8-18 S, drilled by the rig Transocean Leader,

Offshore Oil: Lamprell Completes Caspian Sea Drilling Unit

UAE-based Lamprell said that it completed construction of the second Caspian Sea jackup drilling rig, Mercury, for service in the Caspian Sea.   "I am delighted

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pipelines Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.2245 sec (4 req/sec)