Gas - the energy source of the future
Small scale LNG - the regional solution for
gas distribution
Oslo 31 May 2013
I.M. Skaugen SE – a company with a hundred years of
history…
Incorporated in 1916
Skaugen family
Managing 38 vessels
More than 20 nationalities
2000 employees
USD 240m annual turnover
and 461m assets
2
…a history of innovation and partnerships
1916-1938
1946-1959
1960-1968
1968-1988
1971-1980
1981-1988
Early adopter
of Steam and
Diesel
technology,
first tanker
Conversion of
ships to refugee
carriers after
WWII,
First Diesel
Electric engines
Pioneer in
bulk shipment
of cement and
large scale
ship-to-ship
transfers
Pioneered the
specialised
cruise concept
- RCCL
State-of-theart Rig and
Supply vessels
for offshore
oil&gas
activities
New design
concept:
«Pure Car
Carrier»
1988-1996
First Sinoforeign JV
1996-2000
2003
Design and
ordering of the
Super-Coolers
ethylene carriers
First purposebuilt lightering
tankers and
pioneered STGS
activities in the
US gulf
2007
Start of design and
concept of smallscale LNG
2009-2012
Pioneering gas
transportation by
developing
LPG/Ethylene/LNG
(‘Multigas’) vessels
3
Solid long term niche strategy, long-haul petrochemical and
regional LNG trade; - Gas transportation is our core business
Overview of liquefied gases and their origin
Natural Gas production
Optional gas
feeds
Steam cracker
Steam
cracker
Naphta
Gas Oil
Optional liquid
feeds
Petchem
gases
Vessel
type2
LNG
-163°
LPG/E/LNG
6x Multigas
Avg. age 2.3 years
2x 12,000 cbm
4x 10,000 cbm
Ethylene
-104°
LPG/E
Propylene
-48°
3x Wintergas
Avg. age 4.0 years
3x 5,800 cbm
VCM1
-15°
Butadiene1
-4°
LPG
Petroleum
Refinery
LPG
Crude Oil, petroleum
refinery
1
-43°
Produced only by cracking any of the optional liquid feeds
Boiling temperature of gas determines type of vessel that can transport
it and the cost e.g. LPG/E can transport LPG and Ethylene, but not LNG
2
IMS’ fleet
Boiling
temp
Liquefaction plant
Liquefaction
plant
Methane
Ethane
Propane
Butane
Characteristics
6x Somargas
Avg. age 10.0 years
2x 10,000 cbm
4x 8,500 cbm
2x Noble
Avg. age 23 years
2x 8,200 cbm
1x Vintage
Avg. age 29.5 years
1x 8,200 cbm
15% of World’s Ethylene fleet
4
Organized through strategic partnerships and joint
ventures around our core business
•
Manage assets with a book
value of USD461 million and
with gross turnover of
USD240million.
•
Abt 2000 employees world
wide of which 700 in our core
business
•
38 vessels in operations of
which 18 gas carriers – our
core fleet
•
Listed on the Oslo stockexchange; ticker IMSK
Core Business
Liquefied Gas Transportation - Norgas
LPG transportation/Petrochemical gases/Chemicals/Small Scale LNG
Marine Transfer Activities
China activities
Crude oil lightering and transfer services
LNG transfer services
LNG terminal ops and mgt
Crew training and recruitment
LPG transport
Cryogenic equipment Mnf JV
5
IMS – committed to developing Small scale LNG
IMS positioning
•
Gas is the «fuel of the future»
•
With the right technology, gas in the form
of LNG can be made available as easy as
any other fuel
•
The key missing link was the ships; all other
technologies like LNG plants&terminals,
LNG trucks and other distribution
equipment were available «off the shelf»
•
By building our fleet of now six LNG
carriers, the shipping element is also now
available «off the shelf»
•
Due to our Multigas design, the ships can
trade in the petchem market and then be
ready for LNG as and when needed
6
SPT – a world leader in ship-to-ship transfer of LNG
Innovator and leader in ship-to-ship
transfer of LNG
•
SPT, did perform the first ship to ship
transfer of LNG ever made and has
done several more since then
•
SPT has developed equipment and
procedures to perform safe ship-toship transfer of LNG
•
SPT has a global network of bases
close to all major bunkerig hubs.
•
SPT is a JV between IM Skaugen and
Teekay Corp.
7
Small scale LNG – making gas as easy available as any other
fuel for regional customers
Tons per year
Yearly Capacity MG12K and MG10K
1 000 000
900 000
800 000
700 000
600 000
500 000
400 000
300 000
200 000
100 000
0
MG12K
MG10K
0
200
400
600
800
1000
1200
One-way distance NM




Ideal for regional supply up to 1200 nm from source
Several hundred thousands of tons yearly capacity with one vessel
Supply directly to end-users
Providing an energy solution previously not available
8
One Multigas shipload (12 000cbm) of LNG can;
- provide fuel for about 6 000 cars for a year
- provide power for more than 4 100 housholds for a year
Small scale LNG markets – regional distribution
• Gas where there is no gas - Stranded customers – too small or
too far away from pipelines and currently using other fuels
like diesel and fuel oil.
• Gas where it is needed yesterday - Developing regions - where
speed of getting energy supply in place will impact
economical growth – and laying a pipeline will take time....
10
«Stranded» customer – key regions for future growth
11
The LNG bunkering market –
Gas when it is needed in its liquid form as LNG
LNG as marine fuel will eliminate SOx,
reduce NOx with 80-90% and cut CO2
with 25-30% compared with fuel oil
and
120 diesel Diesel engine running on MDO, 1% Sulphur content
New supply chains will needed as ECA zones
will be expanding. A MG vessel will be the ideal
bulk breaker to supply LNG to bunkering hubs
or can act as the bunkering vessel
Dual-fuel engine running on gas
Emission values [%]
100
80
60
40
20
Key bunkering hubs
0
NOx
SOx
CO2
Particulate
Source: DNV 2011 Report, Greener Shipping for North America
12
Ship-to-ship bunkering of LNG
A tried and tested methode for the
safe transfer of LNG
 Bunkering of LNG will be no
different compared to “normal”
bunkering
 LNG bunkering will be ”easy”
since we know how complicated
it is
 Hoses will be used - as safe and
reliable as any arm based
solution for LNG
 Based on current legislation for
marine STS and SIGTTO
13
Small scale LNG supply chain
LNG plant
LNG terminal
Small scale LNG ship
Rail car
End user
Local storage
Semi-trailer
14
Pipeline
Small scale LNG
Terminal
The innovative Multigas vessels
Key data, MG12.000 cbm;
• LOA
152,3m
• B
19,8m
• Draft LNG
6,3m
• DWT
12.570t
• Speed
17 knots
• Pump Cap.
2 x 640 cbm/hour
Key features;
• Designed for loading at
conventional LNG
terminals
• Re-liq unit to handle
boil-off
• Bow-thruster and
becker rudder for high
manoeverability
• Sloshing not an issue
due to Type-C tanks
• Cargo system designed
for easy change of
grade
• On-board Nitrogen
plant
15
12,000 cbm Multigas – Main Data
Loa:
152,3 m
DWT:
12,570
Cargo tank no.1:
6,000 m3
Lpp:
142,4 m
GT:
11,320
Cargo tank no.2:
6,000 m3
Max pressure:
5.2/3.8 bar g
0.97 ton/m3
B:
19,8 m
NRT:
3,395
D:
11,5 m
Main engine:
8,200 kW
Max density:
Min temp.:
163°C
TD:
6,7 m
Shaft generator:
1,900 kW
TS:
8,3 m
Aux. engines:
3 x 920 kWe
TLNG:
6,3 m
Service speed:
Germanischer Lloyd * ;
17,0 knots
Pump capacity:
m3/h
640/640
head:
100 A5, E, Liquefied Gas Tanker Pump
Type-2G,
IW, BWM 120/220 mlc
MC AUT, RI, INERT
Loading at a «Q-Max» LNG terminal
LNG PLATFORM
LNG PLATFORM
LNG/ETHYLEN/ LPG
PLATFORM
The World’s Largest
Small Scale LNG Fleet
Capacity (m3)
Delivery
Built
Class
Norgas Innovation
10 000
1/2010
China
GL
Norgas Creation
10 000
8/2010
China
GL
Norgas Invention
10 000
1/2011
China
GL
Norgas Conception
10 000
12/2011
China
GL
Norgas Unikum
12 000
4/2011
China
GL
Bahrain Vision
12 000
11/2011
China
GL
Vessel
IMS offering growth opportunities in Small scale LNG
LNG value proposition
•
World’s largest small scale LNG fleet
– 2x12,000 cbm and 4x10,000 cbm
LNG/E/LPG vessels and for
immediate availability
•
Key enabler for;
– Regional supply chains within
1,200 nautical miles of LNG source
– Early entry to LNG marine
bunkering markets
•
Through SPT
– LNG lightering and STS, including
bunkering solution
– LNG terminal operations
Small scale LNG
Key advantages:
• Opens new LNG markets; gas and
liquids
• More flexible and scalable
• Cost and capital efficient
• Direct to end customer
• Un-bundles the supply chain
19
The I.M. Skaugen Company
Founded in
1916
Listed on Oslo Stock Exchange (ticker: IMSK)
Steady as she goes