business is in exploration, while 53% is
in the liquefaction process, 14% is in
shipping and 8% is in receiving.
Liquefaction plants—the place where
gas is made ready to transport to other
countries—typically run between $5 to
$8 billion, costs that remain high
because the plants are in remote areas,
they must deal with difficult safety
issues, large amounts of cryogenic materials are used, and equipment and utilities costs run high. By the year 2012,
the number of LNG exporting countries
is expected to increase to 18, but one-third of those new entrants are in developing countries such as Angola, Iran,
and Venezuela, which carry higher
degrees of risk.
Meanwhile, the world is “in the midst
of a shipping boom,” Kendall said, as
ship’s capacities increase through better
technology. The number of ships being
made is growing faster than the number
of liquefaction plants, he said.
The regasification business—turning
U.S. LNG Imports: 2005—2009
120
Billion Cubic Feet Per Month
100
80
60
40
20
History Projections
2007 = 771 Bcf
2008 = 481 Bcf
2009 = 788 Bcf
0
5
v
N
o
6
a
y
7
a
y
6
u
g
6
e
b
6
v
7
e
b
0
0
7
u
g
7
v
8
e
b
0
0
0
0
0
M
F
8
a
y
8
u
g
0
0
A
0
N
o
F
8
o
v
0
N
o
M
A
9
a
y
9
e
b
0
0
M
N
F
A
0
9
o
v
0
0
M
F
9
u
g
0
N
A
Source: Energy Information Administration. History: Office of Fossil Energy data. Forecast: “Short- Term Energy Outlook, July 2008.”
While LNG imports dipped significantly at the end of 2007 and earlier in 2008, the Energy
Information Administration is projecting increased imports in 2009.
the transported liquids back into gas—is
booming, also growing faster than liquefaction efforts. But by far the greatest
amount of activity is in Japan and
Korea, Kendall said, while only 12% of
the business is in the U.S. and Mexico.
Jet-speed setup
The EIM TEC2000 valve actuators at
the Atlanta international airport’s
jet-fueling facility were commissioned in
an average of just 3 minutes each.
The secret to this speed is the actuator’s
large IconoText LCD screen. It enables
users to quickly perform non-intrusive
setup through a menu of simple, plain-language prompts—with no tools.
Specify TEC2000 for your next facility.
Because simple setup means faster setup.
The biggest, brightest display
screen in the industry, plus simple,
plain-language setup menus allow
operators to read the actuator…
instead of a manual.
EIM CONTROLS
13840 Pike Road, Missouri City, TX 77489
nää®ÊÈÇ £xÈ£ÊUÊÃ> iðÕÃ>Ji V °V
The EIM TEC2000 valve actuators in this jet-fueling facility at Atlanta’s international airport were
commissioned in an average of just three minutes each.
CIRCLE READER RESPONSE #23
Visit www.eim-co.com to learn more
about EIM’s network-ready TEC2000
non-intrusive valve actuators.
