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Changing Role of LNG

Changing Role of LNG . AGENDA . B ackground and current status H elp you manage Risks in this “Wind of Change” Conclusion. Safeguarding Life, Property & the Environment. FOUNDED DNV and GL in 1860’s PEOPLE 16000 employees worldwide in 100 countries

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Changing Role of LNG

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  1. Changing Role of LNG

  2. AGENDA Background and current status Help you manage Risks in this “Wind of Change” Conclusion
  3. Safeguarding Life, Property & the Environment FOUNDED DNV and GL in 1860’s PEOPLE 16000 employees worldwide in 100 countries Highly qualified Surveyors & Engineers with extensive knowledge within all disciplines. TECHNOLOGY 5% Revenue (MUSD170) devoted to R&I => Standards & Initiatives values We build trust and confidence We never compromise on quality or integrity We are committed to teamwork and innovation We care for our customers and each other We embrace change and deliver results
  4. Political bodies shaping global efforts to reduce shipping GHG UNFCCC: International climate negotiations. Kyoto Protocol 1997. => $6Billion funding from Maritime EU: Aims to cut shipping CO2 by 40% by 2050 compared from 2005 levels. Working on regional regulations IMO: Industry wide, global agreements to reduce CO2 emissions from international shipping
  5. 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Timeline for Maritime Environmental Regulations 0.5% S, global review NOxTier III, US ECA 0.1% S, ECA Ballast water * Ship Recycling * CO2MBM * CO2 EEDI, SEEMP* 3.5% S, global NOx Tier II, global 2000 NOx Tier I Fuel tank protection 1% S, US ECA *) estimated entry into force 0.1% S, EU ports Is LNG the best solution? | 19.02.2014 | No. 5
  6. Why LNG? Most promising Alternative Fuel Availability Attractive price compared to oil Proven technology 96% methane (CH4)
  7. Availability
  8. Attractive Price USA $/mmBTU Henry Hub: 3 to 6 Gas price in Europe: 10 to 13 $/mmBTU Liquefaction: 4 to 5 Distribution: 3 to 6 Gas price in Asia: 16 to 18 $/mmBTU USA $/mmBTU Low: 10 High: 17 Existing ECAs Upcoming ECAs? MGO approx1000 $/t = 1167 $/t LNG, (49 MJ/kg) 25 $/mmBTU Ave savings w/LNG: 45% HFO approx720 $/t = LNG 840 $/t, (49 MJ/kg) 18 $/mmBTU Ave savings w/LNG: 25%
  9. Growing number of Bunkering Ports Existing ECAs Upcoming ECAs? Port Fourchon, LA Jacksonville, FL Sarnia, ON Tacoma, WA Geismar, LA Sabine Pass, LA Staten Island, NY
  10. Proven Technology 3 4 2 1 5 6 7 Mitsubishi Gas Engines Rolls Royce Bergen Engines Wartsila medium speed DF GE LM 2500 Gas Turbine MAN MEGI Low speed HP Wartsila Low Speed LP Caterpillar MAK DF Gas Engines
  11. History of Shipping Technology Scrubbers LNG Distillate 100 years SAIL OIL COAL-STEAM Winds of Change 1920 1970s 1870s 1940 1980 2000 SOx NOx
  12. Leading the Industry with Standards and Initiatives 2006: Introduced to IMO 2009: IMO Interim Guidelines 2010: Other Class issued Guidelines in accordance to IMO Guidelines 2010: Triality – Innovation Concept LNG fueled VLCC 2011: Innovation Concepts: Quantum, ECORE, Oshima 2020, Catchy 2011: ISO TC 67 WP10 Bunkering 2012: LNG Bunkering Video (You Tube) 2012: Shipping 2020 => 1000 LNG fuelled vessels 2013: Draft RP Bunkering Guidelines 2013: LNG Competence Standard YEAR STANDARDS and INITIATIVES 2000: 1st Gas Engine Rules Group CEO, Henrik Madsen beyond Class ADVISORY SERVICES LNG READY (Feasibility, Design Concept, AiP) Security & Risk Assessments Gas Dispersion Analyses (PHAST)
  13. In times of need, we INSPIRE the industry with Innovation Concepts ECORE, VLOC QUANTUM, 6000 & 9000 TEU 2011 Lloyd’s List Global Award OSHIMA ECO 2020, Dwt: 62K Triality, VLCC, Ballast Free
  14. Vessels in Operation or On Order today ? 98
  15. Patrolvessels Some Vessels Trading Today First LNG Fuelled OSV: Viking Energy: 2003 Passenger/car ferry “GLUTRA” BUNKER VESSEL FRANCISCO 3,500 pax / 306 cabins Speed: 21.5 knots First Bunker Barge “Seagas” 180 m3 LADY VIKING w/Fuel Cell
  16. OUR TRACK RECORD Classed 46 LNG fuelled Vessels in operation 12 LNG Bunkering Risk Studies at ports around the world In North America WSF: Security and Risk Assessment, 2012 IMO: LNG Fuel Feasibility Study for North America, 2013 LNG America: LNG Bunkering Feasibility Study in US Gulf, 2013 Matson: Class on 2 LNG Fuelled “Aloha Class” 3600 TEU Container ships at Aker Philadelphia, 2013 Crowley: Class on 2 LNG Fuelled 2400 TEU + 400 vehicles ConRos at VT Halter, 2013
  17. CONCLUSION Help you manage your Risks throughout the value chain from LNG Production to the Funnel With clear Standards Initiatives beyond Class Advisory Services With our extensive experience & knowledge, we’re committed to help the industry maintain the excellent LNG Safety Record
  18. QUESTIONS? LNG FUEL Blog:http://blogs.dnv.com/lng/ NAVIGATING CHANGE Tony Teo Tony.Teo@dnvgl.com
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