LNG Import Termin erminal al Cost and Schedule Basics Presenter: Gerald Humphrey Senior Vice President Global LNG Sales CB&I Lummus
[email protected]
CB&I Overview • Chicago Bridge & Iron, N.V. • Founded in 1889 • $7.2 Billion Backlog at Year End 2009 – 75% Outside of the U.S. – 50/50 Lump Sum vs. Reimbursable – 95% Energy Infrastructure
• 16,000 Employees • 50,000 Subcontractors • 20 Principal Global Locations • Technology, EPFC, EPF C, and Tank Tank Supply S upply – Lummus Technolog Technology y – CB&I Lummus – CB&I Steel Plate Structures
Operating Structure – Business Units CB&I designs, engineers and constructs some of the world’s largest energy infrastructure
projects, combining technology with a full spectrum of engineering, procurement, steel plate fabrication, field construction, and modular fabrication and construction services. Lummus Technology
Technology: Petrochemicals Technology Refining Technology Gas Processing Technology Performance Catalysts Heat Transfer Equipment Aftermarket Services
CB&I Lummus
EPFCC Execution: Offshore Oil & Gas Production Onshore Oil & Gas Production Liquefied Natural Gas (LNG) Onshore Pipelines Gas Processing Sulfur Block Refining Petrochemicals Hydrogen and Synthesis Gas
CB&I Steel Plate Structures
Supply and Installation: Aboveground Storage Tanks LNG Peak Shaving Facilities LNG and Other Low Temperature/Cryogenic Storage Elevated Storage Tanks Hortonsphere® Pressure Vessels Specialty Structures Power
CB&I Services Services Across Hydrocarbon Value Chain Oil & Gas Production / Transportation
Planning Study • Market Analysis • Conceptual
Design • Economic Feasibility
Gas Pro c es s in g / L NG
Technology • Licensing • Basic
Engineering
FEED • Master
Schedule • Cost Estimate • Engineering • Execution Plan
Refin in g
EPFC • Project
Petr o c h em ic als
Startup
Plant Service
• Commissioning • Process Implementation • Operating Improvement • Upgrading Manual • Turnaround
LNG Import Terminals • CB&I has a long heritage within the
LNG industry (50+ years) • CB&I designed the LNG tanks for the
export and receiving ends of the first shipment of LNG from Lake Charles, LA to Canvey Island, UK in 1958 • CB&I have in-house capabilities to execute the terminal’s full EPC scope
from ship unloading to storage and vaporization / sendout • Since 1971 CB&I have designed and
built – 9 Grassroots Terminals – 8 Terminal Expansions – 14 constructed since 2000
LNG Terminal – Block Flow Diagram
Project Profile – Golden Pass Terminal Client:
ExxonMobil, Qatar Petroleum and Conoco Phillips
Location:
Sabine Pass, Texas
Schedule: Phase 1 completed in 2010 Phase 2 completes 2011 Project Value: EPC Scope of Work:
$1.1 Billion • Ship Unloading System • 5 x 155,000 m 3 Full
Containment Tanks • 2 BSCFD Regas and Sendout
Project Profile – South Hook Terminal Client:
ExxonMobil and Qatar Petroleum
Location:
Milford Haven, Wales
Schedule:
Phase 1 – completed 2009 Phase 2 – completed 2010 $1.3 Billion
Project Value:
EPC Scope of Work:
• Ship Unloading System;
160,000 DWT Jetty • 5 x 155,000 m 3 Full Containment Tanks • 2 BSCFD Regas and Sendout
Project Profile – Grain Terminal Client:
Grain LNG Ltd.
Location:
Kent, U.K.
Schedule:
Ph II 2008 & Ph III 2010
Project Value:
$ 1.0 Billion
EPC Scope of Work:
• Increase Regas and
Sendout Capacity to 1.7 BSCFD • 3 x 190,000 m 3 Full
Containment Tanks • BOG Compression &
Recondenser • New Control Building • Integration Into &
Expansion of Facilities
Project Profile – Fujian Terminal
Client:
CNOOC / Fujian LNG Co. Ltd.
Location:
Fujian Province, PRC
Schedule:
Completed 2008
Project Value:
$250 MM
EPC Scope of Work:
• Ship Unloading System • 2 x 160,000 m3 Full
Containment Tanks • 350 MMSCFD Regasification and Sendout
Project Profile – GNL Quintero Terminal
EPC Scope of Work:
Client:
GNL Quintero S.A.
Location:
Quintero Bay, Chile
Schedule:
Completed 2010
Project Value:
$775 MM
• New marine jetty with complete ship
unloading facilities • 2 x 160,000 m 3 Full Containment tanks • One smaller storage tank (10,000 m 3) • 400 MMSCFD Regas and Sendout
Project Profile – AES LNG Terminal
EPC Scope of Work:
Client:
AES Corporation
Location:
Dominican Republic
Schedule:
Completed 2003
Project Value:
$ 70 mil
• Jetty capable of offloading ships from 35,000 m3 • • • •
to 145,000 m3 Single containment tank (160,000 m 3) 125 MMSCFD Regas and Sendout Provides fuel gas for a 300 MW power station Thermal integration with power plant for improved efficiency
Project Profile – EcoElectrica Terminal
EPC Scope of Work:
Client:
EcoElectrica
Location:
Puerto Rico
Schedule:
Completed 2000
Project Value:
$ 150 mil
• Jetty capable of offloading ships from 35,000 m3 • • • •
to 145,000 m3 Double containment tank (160,000 m 3) 93 MMSCFD Regas and Sendout Provides fuel gas for a 500 MW power station Thermal integration with power plant for improved efficiency
The LNG Value Chain
LNG Liquefaction
LNG Regasification
LNG Value Chain : Typical Costs & Returns
5 Mt $400 per tonne capacity
5 Mt single train $750 per tonne capacity
5 ships $220M per ship
US$2.0bn
US$3.75bn
US$1.1bn
(27%)
(50%)
(15%)
$90M per 1 BCM/yr capacity
US$0.6bn US$7.45 bn (8%)
(100%)
13.7%
Source : Wood Mackenzie, Deutsche Bank
Import Terminal EPC Cost Trend European Regas Costs* Under Pressure
) y100 – / m c B ( / n 80 – o i l l i m $ 60 – S U ( s t s 40 – o C t i n U 20 – C P E
02000
Fos Cavaou
GATE LNG Terminal**
•
Projects completing 2008 to 2012 were awarded in 2004 to 2008
•
Numbers are not absolutes due to scope of work differences; they reflect a trend only
South Hook LNG Dragon LNG
Sines
Grain 1 Reganosa
Grain 3 Expansion
Grain 2 Expansion
South Hook LNG Phase II
Bahia di Bizkaia Zeebrugge Expansion
2002
2004 2006 2008 Start-up Date
* Data from company press releases ** Estimated Cost
2010
2012
Source: Poten & Partners
Import Terminal Schedule & Cost Drivers •
LNG Tank Types – Single Containment – Double Containment – Full containment with steel roof – Full Containment with concrete roof
•
Single containment tanks require a bunded area around them to meet code requirements which requires more plot space
•
The over schedule for the terminal is normally controlled by the tank schedule duration.
•
One 160,000 m3 FC tank takes around 36 months to engineer and construct
•
Schedule varies by 4 to 6 months between single and double / full containment tank types
Costs vary from a factor of 1.0 for single containment to 1.7 for double or full containment tanks
Single Containment LNG Tank Carbon Steel Outer Tank Roof, Shell & Bottom
Sidewall/Deck Insulation System
Concrete Foundation
Foundation Heaters
Suspended Insulation Deck
9% Ni Inner Tank
Load Bearing Bottom Insulation System
Double Containment LNG Tank Carbon Steel Outer Tank Roof, Shell & Bottom
Suspended Deck & Insulation
Cover if required Loose fill perlite Insulation System Pre-stressed concrete outer tank wall 9% Ni Outer Bottom & Liner
9% Ni Inner Tank
Outer shell not able to contain liquid Load Bearing Bottom Insulation System
Foundation Heaters Concrete Foundation
Full Containment (Steel Roof) LNG Tank Suspended Insulation Deck Carbon Steel Dome Roof 9% Ni Inner Tank Sidewall/Deck Insulation System Vapor Barrier
Prestressed Concrete Wall 9% Ni Bottom & Corner Protection
Concrete Foundation
Foundation Heaters
Load Bearing Bottom Insulation System
Full Containment (Concrete Roof) LNG Tank Suspended Insulation Deck Concrete & Steel Dome Roof 9% Ni Inner Tank
Sidewall/Deck Insulation System Vapor Barrier
Prestressed Concrete Wall 9% Ni Bottom & Corner Protection
Concrete Foundation
Foundation Heaters
Load Bearing Bottom Insulation System
Import Terminal Cost Drivers
•
LNG Jetty Type
Berth type
Trestle type
Most LNG ships require a minimum depth of 15 m Jetty type is dictated by access to deep water vs dredging costs Trestle type jetties will normally control overall terminal schedule if the trestle length exceeds 1 km
