SUSTAINABLE MARINE TRANSPORTATION CONFERENCE 2014 Singapore Tuesday 8 April Distribution of LNG in Ports By Rolv Stokkmo GASPARTNERS PTE, LTD

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1 SUSTAINABLE MARINE TRANSPORTATION CONFERENCE 2014 Singapore Tuesday 8 April 2-14 Distribution of LNG in Ports By Rolv Stokkmo GASPARTNERS PTE, LTD

2 GasPartners Pte, Ltd GASPARTNERS PTE, LTD a gas brokering ( product as well as ships), logistic, and consultancy firm specializing in the area of LNG, LPG, and petrochemical gases. GASPARTNERS PTE, LTD. 2

3 Why switch to LNG? "We've got to pause and ask ourselves: How much clean air do we need?" Lee Iacocca, CEO/Chairman, Chrysler Corporation, GASPARTNERS PTE, LTD. 3

4 Why switch to LNG? Almost 1 in 8 or more than 7 mill people dies from air pollution every year (Source WHO) Smokestack emissions from international shipping kill approximately 50,000 people a year in Europe, at an annual cost to society of more than 58 billion, according to a recent scientific study. GASPARTNERS PTE, LTD. 4

5 Why switch to LNG? A new study has found that, on top of all the other manner of ways our cars are trying to kill us, the pollution they emit is now one of the fastest growing causes of death in the world. GASPARTNERS PTE, LTD. 5

6 Why switch to LNG GASPARTNERS PTE, LTD. 6

7 Small scale LNG distribution system in Norway Large gas reserves Mountainous landscape pipeline grid expensive Local and regional distribution of LNG a flexible option Incentives from the government LNG distribution system in Norway developed with industrial customers in mind. New technology facilitated use of LNG as fuel in vessels.. GASPARTNERS PTE, LTD. 7

8 Global LNG fleet 2000-First LNG powered vessel entered service in Norway. Global fleet set to grow to almost 200o by 2020 (DNV-GL forecast) Europe and North America leading the way 37 new LNG-fuelled ships +2 conversions on order Within the next five to 10 years, LNG will become the main fuel source for all marine transportation. Anthony Chiarello, TOTE s president and chief executive officer GASPARTNERS PTE, LTD. 8

9 Global LNG-fueled Fleet GASPARTNERS PTE, LTD. 9

10 LNG Opportunities World LNG Estimated Landed Prices ($US / MMBTU) LIQUEFACTION Pre-treatment Baseload LNG Small/Mid-Scale LNG US 6-8 NEW Spain 14 China Singapore Japan DISTRIBUTION LNG Carriers Tankers Virtual Pipeline INFRASTRUCTURE Satellite Storage Bulk LNG Tanks MicroBulk Applications Brazil GASPARTNERS PTE, LTD. 10 END USE APPLICATION Commercial Residential Power Generation Transportation

11 Small scale LNG distribution system in Norway Bunkering alternatives: Truck to ship Shore tank to ship Ship to ship or barge to ship GASPARTNERS PTE, LTD. 11

12 LNG Value Chain GASPARTNERS PTE, LTD. 12

13 LNG bunkering and small scale distribution of LNG in Singapore Customers need steady supply in order to switch to using LNG LNG prices competitive with other fuels LNG safer than CNG Road transportation of LNG safer than that of CNG GASPARTNERS PTE, LTD. 13

14 LNG is0-containers LNG transport trailers / LNG iso-containers consist of two nested tanks that form a thermos bottle-like insulating vessel. The inner tank stainless steel or aluminium The outer tank must be steel (typically carbon or stainless steel). The space between the inner and outer tank is evacuated and filled with an insulating material such as multi-layer super insulation or fiberglass Pressure up to 10 bar gauge Holding time more than 80 days GASPARTNERS PTE, LTD. 14

15 LNG bunkering and small scale distribution of LNG in Singapore Strategic located Demand for LNG as bunker fuel as well as for industrial use already here. Volume not yet there to justify developing the necessary infrastructure for bunkering of ocean going vessels Demand for small scale distribution of LNG already there ( tug boats, shore based industry) So why isn t it happening? GASPARTNERS PTE, LTD. 15

16 LNG bunkering and small scale distribution of LNG in Singapore The missing link! GASPARTNERS PTE, LTD. 16

17 Storing, handling, transporting of LNG iso-containers ISO Tank containers: efficient storage, loading and transport GASPARTNERS PTE, LTD. 17

18 LNG Safety issues FIRE GAS EXPLOSIONS POOLING AND BRITTLE FRACTURE COLD BURNS/FROST BITE GASPARTNERS PTE, LTD. 18

19 LNG Safety Issues LNG industry lower risk profile than airlines, chemical and petrochemical processing facilities Ultimately, it is a question of what risk level is tolerable or acceptable vs. the economic benefit derived by society/communities GASPARTNERS PTE, LTD. 19

20 LNG bunkering and small scale distribution of LNG in Singapore/Asia Small scale LNG significant potential in Singapore and Asia Vehicle fuel, railways, smaller power plants, harbor service vessels and equipment, ferries, manufacturing industry ( e.g. ceramic industry), hawker centers Safe, flexible, cost-efficient Road, rail, sea GASPARTNERS PTE, LTD. 20

21 Thank you! Contact GasPartners / C Telok Ayers Street 2 nd Floor, Singapore GASPARTNERS PTE, LTD. 21