Strong growth drives the Liquefied Natural Gas (LNG) industry. Shale gas, Fukushima and the Euro-Zone economy have become well known in our industry and communities; all three affect LNG commerce. Cost-containment pressures are stressing this capital-intensive industry. Long lead-times and special contractual relationships between sellers and buyers characterize the business. Technologies continue to evolve; the LNG ships have become larger and more numerous; new LNG import terminals are built – some floating.
New export countries are becoming active. The base-load plants are almost doubling in train-size. The LNG supply-demand pattern has changed significantly although still centered on Japan, Korea and Taiwan. This lecture presents an overview and also some recent developments in the world of LNG. Changing technology, new trade patterns and the required investment levels are touched upon in this exciting part of oil and gas.
John Morgan is based in Denver, Colorado and is an executive of John M. Campbell & Company. His career began in the 1960s at the Canadian Athabasca Oil Sands and has encompassed responsibilities in the design, start-up and troubleshooting of oil & gas facilities. He has published extensively on sour gas treating, LNG training, sulfur recovery, CO2 EOR and treating, materials of construction, and cryogenic gas processing. He consults for both North American and International clients. He also performs related training around the world. His industry activities include membership of the Editorial Review Board of the Gas Processors Suppliers Association; the Advisory Committee of the Laurance Reid Gas Conditioning Conference; and was formerly an Adjunct Professor of Petroleum Engineering at the Colorado School of Mines. Mr. Morgan holds a B.Sc. in Chemical Engineering from London University, England, an M.E. in Chemical & Petroleum Refinery Engineering from Colorado School of Mines, USA, and is a Registered Professional Engineer in Colorado.