LNG supply chain: Challenges, Opportunities and Future Prospects

Abstract

In the current energy challenges, natural gas (NG) has been emerged as eco-friendly source of energy with abundance of offshore and onshore reserves. Due to economic infeasibility of NG transportation via pipelines to far-off destinations, liquefied natural gas (LNG) has become one of the most promising candidates to transport natural NG around the globe. However, multiform distribution of NG reservoirs and geographical constraints among LNG exporters and importers emerged the cost-intensive challenges regarding LNG supply chains. In this research work, nature of current challenges like remote locations, cost escalations, LNG storage, scheduling and price convergence were identified. On the basis of identified issues, energy saving opportunities have been established in LNG supply chain. Design optimization of LNG process contributes to extract the energy saving opportunities and usage of jettyles LNG transfer concept is utilized for cost savings. Moreover, a way forward has been paved for possible improvements in the distinct contents of LNG supply chain.