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  • By Lanner
  • In News
  • Posted 16/07/2014

A recent article published in LNG Industry looks at how predictive simulation is now a key technology for those looking at investing in new LNG operational facilities.

Today’s LNG projects are facing complex investment decisions due to the large upfront infrastructure costs, shipping options and shifting global markets. Many of these challenges faced early in the project lifecycle, from pre-FEED and FEED studies to full final investment decision (FID), are decisions that must take account of real world uncertainty such as market volatility, fluctuating supply chains, equipment reliability, evolving operational policies and weather disruptions.

For those currently planning to enter the LNG market, large capital investment are required in order to build the necessary infrastructure. With such high costs at stake, investors need to be clear that facilities and shipping capacity are able to perform as expected in the face of such a volatile market and shifting supply chain.

From initial scoping studies to the FID, once feasibility has been established, designs for any new LNG facility need to be validated against both short and medium-term operational objectives as well as longer term strategic plans to ensure success.

Predictive simulation is a powerful technology that has been used to achieve this for many years. In fact, over 30% of the world’s LNG capacity and shipping operations have been studied, designed and validated using Lanner’s LNG Logistics Simulation software.

Read the full article including a complete customer example on LNG Industry.

If you want to read more, head over to Lanner's LNG webpage for more information.

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