LNG To Be Used in Electric Peak Load Shaving
Cosmodyne announced that its LINEX LNG plant has been chosen for several liquefaction projects by an unnamed major North American utility company. It will contract directly with the utility company and work alongside their engineering, procurement, and construction contractor to execute the project.
The peak shaver that Cosomodyne will provide consists of a LINEX nitrogen expansion liquefaction system utilizing the company’s ACD turboexpander technology and proprietary ethane removal system, which the company said can handle a range of gas compositions. The equipment will be fabricated primarily at Cosmodyne’s Cryoquip facility in California.
“We are especially excited about this project,” Cosmodyne general manager George Pappagelis said in a statement. “Traditionally, utilities prefer a turnkey approach to minimize risk, but lately we are seeing more interest in purchasing equipment directly. All of our air separation plants are sold to gas companies to we have experience with both turn-key and direct sale approaches.”
Cosmodyne said this contract will allow the utility company to make direct line-of-sight to decisions on the technology being provided, further helping to execute the projects.
The LINEX plant uses a closed-loop nitrogen expansion cycle to produce the refrigeration needed to convert natural gas into LNG, as well as a cold box to house all heat exchange and separation equipment. Cosmodyne said the plants are modular and allow an operator to scale up according to market demands by building their capacity in a series of trains.
What Does China’s LNG Import Tax Mean for the US?
Industry analysts fear bad news for producers, as Chinese demand is expected to be a significant driver in new LNG production. China accounted for 15% of US LNG exports in 2017.
Cheniere and Vitol Sign Long-Term LNG Deal
The contract calls for Vitol to purchase 700,000 tonnes annually over a 15-year period, providing some optimism for companies hoping to secure similar long-term deals.
Private Equity Backs First Sub-Saharan Africa Regas Terminal
The construction of an LNG regasification terminal in Tema, Ghana, in addition to the first delivery of gas from the offshore Sankofa field in August, is decreasing the country’s reliance on liquid fuels and imports. About 80% of its power generation requirements will be met with gas.
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