lng import terminal cost and schedule basics
TRANSCRIPT
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Engineering Solutions . . . Delivering Results
LNG Import TerminalCost and Schedule Basics
Presenter: Gerald HumphreySenior Vice PresidentGlobal LNG SalesCB&I Lummus
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Engineering Solutions . . . Delivering Results
• 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, and Tank Supply
– Lummus Technology
– CB&I Lummus
– CB&I Steel Plate Structures
CB&I Overview
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Engineering Solutions . . . Delivering Results
CB&I Steel PlateStructures
CB&I LummusLummus
Technology
Operating Structure – Business Units
Supply and Installation:Aboveground Storage TanksLNG Peak Shaving FacilitiesLNG and Other LowTemperature/Cryogenic StorageElevated Storage TanksHortonsphere® Pressure VesselsSpecialty StructuresPower
EPFCC Execution:Offshore Oil & Gas ProductionOnshore Oil & Gas ProductionLiquefied Natural Gas (LNG)Onshore PipelinesGas ProcessingSulfur BlockRefiningPetrochemicals
Hydrogen and Synthesis Gas3
3
Technology:Petrochemicals TechnologyRefining TechnologyGas Processing TechnologyPerformance CatalystsHeat Transfer EquipmentAftermarket Services
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 platefabrication, field construction, and modular fabrication and construction services.
http://www.cbi.com/technologies-services/technology/http://www.cbi.com/technologies-services/engineeringhttp://www.cbi.com/technologies-services/procurement/http://www.cbi.com/technologies-services/steel-plate-fabrication/http://www.cbi.com/technologies-services/steel-plate-fabrication/http://www.cbi.com/technologies-services/field-constructionhttp://www.cbi.com/technologies-services/modular-fabrication-and-construction/http://www.cbi.com/technologies-services/modular-fabrication-and-construction/http://www.cbi.com/technologies-services/field-constructionhttp://www.cbi.com/technologies-services/steel-plate-fabrication/http://www.cbi.com/technologies-services/steel-plate-fabrication/http://www.cbi.com/technologies-services/procurement/http://www.cbi.com/technologies-services/engineeringhttp://www.cbi.com/technologies-services/technology/
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Engineering Solutions . . . Delivering Results4
Oil & Gas
Product ion /
Transportat ion
Gas Process ing / LNG Refin ing Petrochem icals
CB&I Services
FEED EPFCPlanningStudy
Technology Startup PlantService
• Market Analysis
• ConceptualDesign
• EconomicFeasibility
• Licensing
• BasicEngineering
• Master
Schedule• Cost Estimate
• Engineering
• Execution Plan
• Project
Implementation
• Commissioning
• OperatingManual
• Process
Improvement• Upgrading
• Turnaround
Services Across Hydrocarbon Value Chain
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LNG Import Terminals
• CB&I has a long heritage within the
LNG industry (50+ years)
• CB&I designed the LNG tanks for theexport and receiving ends of the firstshipment of LNG from Lake Charles,LA to Canvey Island, UK in 1958
• CB&I have in-house capabilities toexecute the terminal’s full EPC scopefrom ship unloading to storage andvaporization / sendout
• Since 1971 CB&I have designed andbuilt
– 9 Grassroots Terminals
– 8 Terminal Expansions
– 14 constructed since 20009 5
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Engineering Solutions . . . Delivering Results
LNG Terminal – Block Flow Diagram
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Project Profile – Golden Pass Terminal
Client: ExxonMobil, Qatar
Petroleum and ConocoPhillips
Location: Sabine Pass, Texas
Schedule: Phase 1 completed in 2010Phase 2 completes 2011
ProjectValue: $1.1 Billion
EPCScope ofWork:
• Ship Unloading System
• 5 x 155,000 m3 Full
Containment Tanks• 2 BSCFD Regas and
Sendout
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Project Profile – South Hook Terminal
Client: ExxonMobil and Qatar
Petroleum
Location: Milford Haven, Wales
Schedule: Phase 1 – completed 2009Phase 2 – completed 2010
Project Value: $1.3 Billion
EPCScope ofWork:
• Ship Unloading System;160,000 DWT Jetty
• 5 x 155,000 m3 FullContainment Tanks
• 2 BSCFD Regas and
Sendout
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Project Profile – Grain Terminal
Client: Grain LNG Ltd.
Location: Kent, U.K.
Schedule: Ph II 2008 & Ph III 2010
ProjectValue: $ 1.0 Billion
EPCScope ofWork:
• Increase Regas andSendout Capacity to 1.7BSCFD
• 3 x 190,000 m3 FullContainment Tanks
• BOG Compression &Recondenser
• New Control Building
• Integration Into &Expansion of Facilities
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Project Profile – Fujian Terminal
Client: CNOOC / Fujian LNG Co.Ltd.
Location: Fujian Province, PRC
Schedule: Completed 2008
ProjectValue: $250 MM
EPCScope of
Work:
• Ship Unloading System
• 2 x 160,000 m3 Full
Containment Tanks• 350 MMSCFD
Regasification andSendout
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Project Profile – GNL Quintero Terminal
Client: GNL Quintero S.A.
Location: Quintero Bay, ChileSchedule: Completed 2010
Project Value: $775 MM
EPC Scope ofWork:
• New marine jetty with complete shipunloading facilities
• 2 x 160,000 m3 Full Containmenttanks
• One smaller storage tank (10,000 m3)
• 400 MMSCFD Regas and Sendout
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Project Profile – AES LNG Terminal
Client: AES Corporation
Location: Dominican Republic
Schedule: Completed 2003
Project Value: $ 70 mil
EPC Scope
of Work:
• Jetty capable of offloading ships from 35,000 m3
to 145,000 m3• Single containment tank (160,000 m3)
• 125 MMSCFD Regas and Sendout
• Provides fuel gas for a 300 MW power station
• Thermal integration with power plant for improved
efficiency
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Project Profile – EcoElectrica Terminal
Client: EcoElectrica
Location: Puerto Rico
Schedule: Completed 2000
Project Value: $ 150 mil
EPC Scope
of Work:
• Jetty capable of offloading ships from 35,000 m3
to 145,000 m3• Double containment tank (160,000 m3)
• 93 MMSCFD Regas and Sendout
• Provides fuel gas for a 500 MW power station
• Thermal integration with power plant for improved
efficiency
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The LNG Value Chain
LNG Liquefaction
LNG Regasification
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LNG Value Chain : Typical Costs & Returns
5 Mt$400 pertonne capacity
5 Mt single train$750 pertonne capacity
5 ships$220Mper ship
$90M per1 BCM/yr capacity
US$2.0bn US$3.75bn US$1.1bn US$0.6bn US$7.45 bn
(27%) (50%) (15%) (8%) (100%)
Source : Wood Mackenzie, Deutsche Bank
13.7%
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Import Terminal EPC Cost Trend
• Projects completing2008 to 2012 wereawarded in 2004 to
2008
• Numbers are notabsolutes due to scope
of work differences; theyreflect a trend only
European Regas Costs* Under Pressure
Source: Poten & Partners* Data from company press releases** Estimated Cost
Start-up Date
2000 2002 2004 2006 2008 2010 2012
100 –
80 –
60 –
40 –
20 –
0 -
Bahia diBizkaia
Sines ReganosaGrain 1
Dragon LNG
South HookLNG
Fos Cavaou
GATE LNGTerminal**
Grain 3Expansion
Grain 2Expansion
South HookLNG Phase II
ZeebruggeExpansion
E P C U
n i t C o s t s ( U S $ m i l l
i o n / ( B c m / y )
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Single Containment LNG Tank
Load Bearing BottomInsulation System
Suspended Insulation Deck
Concrete Foundation
Foundation Heaters
Carbon Steel Outer
Tank Roof, Shell& Bottom
9% Ni Inner TankSidewall/Deck
InsulationSystem
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Double Containment LNG Tank
Load Bearing BottomInsulation System
Suspended Deck & Insulation
Concrete FoundationFoundation Heaters
Carbon Steel OuterTank Roof, Shell
& Bottom
9% Ni Inner TankLoose fill perlite
Insulation
System
Pre-stressedconcreteouter tankwall
Cover ifrequired
Outer shellnot able tocontainliquid
9% Ni Outer
Bottom & Liner
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Full Containment (Steel Roof) LNG Tank
Concrete Foundation
Foundation Heaters
Carbon SteelDome Roof
Load Bearing BottomInsulation System
Suspended Insulation Deck
9% Ni Inner Tank
Sidewall/DeckInsulation
System Prestressed
ConcreteWallVapor Barrier
9% Ni Bottom& Corner Protection
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Full Containment (Concrete Roof) LNG Tank
Suspended Insulation Deck
9% Ni Inner Tank
PrestressedConcreteWall
Concrete Foundation
Foundation Heaters
Concrete & SteelDome Roof
Load Bearing BottomInsulation System
Sidewall/DeckInsulation
System
Vapor Barrier
9% Ni Bottom& Corner Protection
I t T i l C t D i
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• LNG Jetty Type
Import Terminal Cost Drivers
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 scheduleif the trestle length exceeds 1 km
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© CB&I