US natural gas prices have now collapsed by around 30 cents since recent highs, making future US LNG prices more attractive. However, the US LNG price still shows a differential of more than $0.50 versus East Asian LNG prices on a delivered basis.
By any measure Western Canada’s natural gas resource base is very large. The National Energy Board estimates the ultimate potential for conventional marketable natural gas in the region to be about 290 trillion cubic feet.
US energy tycoon Michael Smith, Chief Executive of the Freeport LNG export plant in Texas, is at the forefront of the liquefaction plant build-out in America.
Kobe Steel Ltd. leads the world in LNG vaporizers. We design and fabricate open rack type vaporizers (ORVs) and intermediate fluid type LNG vaporizers (IFVs) for large-scale LNG receiving terminals.
The International Gas Union says that the small-scale business is rapidly developing across the globe with new regions opening up and new players entering this sector while existing players expand.
Valve selection for liquefaction plants directly impacts safety and reliability. Leakage of liquefied hydrocarbons or the unreliable performance of the facility can lead to unplanned shutdowns.