Estimating Capital Cost of Small Scale LNG Carrier

M. Fikri, Jooned Hendrarsakti, Kriyo Sambodho, Frengki Felayati, Nilam Octaviani, Mohamad Giranza, Gregorius Hutomo

2018

Abstract

While the LNG industry has traditionally focused primarily on development of ever-increasing plant capacities, the maturity of the technology has allowed development of technologies applicable for small volumes to be competitive and potentially economically attractive. The main challenge for small scale LNG applications is therefore not technical but economic. In Indonesia, the demand for small scale LNG transportation is entering a new phase of market trends, especially in East Indonesia. In East Indonesia region, there are a lot of planned location for new natural gas fuelled power plant. The demand for each location is relatively small, mostly around 1 to 10 mmscfd. However, such locations scattered around East Indonesia, creating new challenges for small scale LNG distribution solution. This paper provides an estimating method of capital cost for small scale LNG carrier around 7,500 – 30,000 m 3 cargo capacity. The estimating method verified by comparing two different approach; (i) regression method using market price data of new built LNG Carrier and (ii) estimating each cost for ship steel weight, outfitting weight, machinery weight and self-supporting LNG tank capacity. The result shows that the difference is below 10%.

Paper Citation

in Harvard Style

Fikri M., Hendrarsakti J., Sambodho K., Felayati F., Octaviani N., Giranza M. and Hutomo G. (2018). Estimating Capital Cost of Small Scale LNG Carrier.In Proceedings of the 3rd International Conference on Marine Technology - Volume 1: SENTA, ISBN 978-989-758-436-7, pages 225-229. DOI: 10.5220/0008542102250229

in Bibtex Style

@conference{senta18,
author={M. Fikri and Jooned Hendrarsakti and Kriyo Sambodho and Frengki Felayati and Nilam Octaviani and Mohamad Giranza and Gregorius Hutomo},
title={Estimating Capital Cost of Small Scale LNG Carrier},
booktitle={Proceedings of the 3rd International Conference on Marine Technology - Volume 1: SENTA,},
year={2018},
pages={225-229},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0008542102250229},
isbn={978-989-758-436-7},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 3rd International Conference on Marine Technology - Volume 1: SENTA,
TI - Estimating Capital Cost of Small Scale LNG Carrier
SN - 978-989-758-436-7
AU - Fikri M.
AU - Hendrarsakti J.
AU - Sambodho K.
AU - Felayati F.
AU - Octaviani N.
AU - Giranza M.
AU - Hutomo G.
PY - 2018
SP - 225
EP - 229
DO - 10.5220/0008542102250229