Abstract
The paper discusses the influence of transportation costs on the delivery of liquefied natural gas (LNG) by sea. The research part of the project was carried out by using a dedicated LNG Moss type carrier with the capacity of 205,000 m3 and by taking into account the price of the propulsion engine fuel, LNG, as one of the most important factors of the final cost of LNG transportation. The fluctuation of the final costs also depends on the price of construction of a new vessel, the vessel’s design, sufficient number of the vessels required for transportation, and the amount of cargo to be shipped from a load port to the import terminal. The port of Murmansk, possibly one of Russia’s largest LNG load terminals, was used as port of departure, i.e. port of load. The final destinations, i.e. import terminals, included the ports of Zeebrugge, South Hook, Cove Point, Chiba and Fujian. It should be noticed that this study involved two sailing routes, the Suez Canal and the North East Passage, taking into consideration the harsh weather conditions the vessels might encounter during navigation.
Highlights
This paper deals with the formation of the final price of an energy-generating product, in this particular case the liquefied natural gas (LNG), delivered to the consignee, i.e. to the import terminal
Since transportation costs are the basis for defining the overall price of liquefied natural gas (LNG) delivered at import terminals, it is obvious that both shippers and exporters strive to decrease these costs
Not all parameters affecting the costs of LNG transportation can be eliminated, but serious efforts aimed at the reduction of these costs have been made
Summary
This paper deals with the formation of the final price of an energy-generating product, in this particular case the liquefied natural gas (LNG), delivered to the consignee, i.e. to the import terminal. One of the most important items affecting the costs of transportation of this product is the price of propulsion engine fuel which, in this case, is LNG. When determining the final price of the delivered LNG, all the parameters which should be met by the shipping operation have been taken into account, from the load port to the port of discharge. The port of Murmansk was used as departure port, i.e. the load terminal. It is possibly Russia’s largest LNG load port. This study took into consideration the harsh weather conditions the vessels might encounter during navigation
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