Many areas of the world are without adequate natural gas supplies. They can import coal but prefer gas because of its environmental advantages. Renewables do not offer quantities of energy at reasonable cost in the near term. Liquefied natural gas (LNG) can supply the growing energy needs of the developing world. These needs have resulted in plans for LNG gasification, transport and regasification investments exceeding $1 trillion. This is the conclusion reached by the McIlvaine Company in N049 Oil, Gas, Shale and Refining Markets and Projects. Over the next five years, owners will invest in new facilities generating 120 million tons per year of LNG. Investment costs will vary greatly from site to site depending on location and process. Construction at regasification sites (brownfields) could be as low as $500/ton of annual capacity. Floating liquefied natural gas (FLNG) could exceed $1800/ton. At an average of $1200/ton, annual purchases will be $29 billion and the five year totals will be $144 billon. Equipment will represent 30 percent of the total or $6.6 billion per year. Click Here For Complete News Release Text
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