Connect LNG Launches Cost Efficient Loading System
The Norwegian Engineering Company Connect LNG AS has recently finalized customer studies, proving cost reductions associated with the construction of vessel berthing and LNG loading by up to 80%.
“In a volatile oil & gas market, the focus on cost reduction, safety and flexibility measures are key in all parts of the value chain. Solutions which substantially reduces cost are now more than ever important to the industry”, says Connect LNG’s Chief Commercial Officer Magnus Eikens
Connect LNG’s flexible loading solution has through recent customer projects shown cost savings of up to 80% compared to traditional solutions based on jetties and quays.
The Connect System was developed as an answer to the increased LNG demand from the industry and due to implementation of SECA zones. Several small/mid-scale import terminals are currently being constructed or planned, and large-scale import terminals are planning to offer LNG reloading and bunkering services. High jetty cost has been prohibitive for an acceptable payback time for several of these projects.
According to Mr. Eikens, Connect LNG’s solution is an enabler for several LNG projects by providing a simple, safe and cost-efficient solution for loading, discharge, re-loading and bunkering of LNG from both on- and offshore terminals.
The company is currently involved in small/mid-scale LNG projects, and their system is designed according to SIGGTO’s and OCIMF’s recommendations, in addition to being a part of DNV GL’s TQ-program.
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