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Prioritising sources of risk at liquefied natural gas storage terminals in Mexico

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  • Lauro J. Martinez
  • James H. Lambert

Abstract

Liquefied natural gas (LNG) operations and facilities are growing in scale and number in developed and developing countries. The associated hazards to human health and safety and the environment are being addressed systematically. This paper discusses and refines existing methods to perform identification, screening, and prioritisation for a variety of sources of risk in LNG processes. The steps of the methods are: adopt a risk acceptance criteria (as-low-as-reasonably-practicable); use hierarchical holographic modelling for identifying sources of risk; assess the relative likelihoods of the sources of risk; assess the relative potential consequences of the risks; and prioritise the sources of risk. The results are a holistic consideration of sources of risk from LNG facilities and a basis for directing future resources for continuity of operations and risk management. The methods are demonstrated in an example with realistic features of LNG facilities in Mexico.

Suggested Citation

  • Lauro J. Martinez & James H. Lambert, 2010. "Prioritising sources of risk at liquefied natural gas storage terminals in Mexico," International Journal of Business Continuity and Risk Management, Inderscience Enterprises Ltd, vol. 1(4), pages 363-383.
    • Handle: RePEc:ids:ijbcrm:v:1:y:2010:i:4:p:363-383
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    Citations

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    Cited by:

    1. Agnieszka A. Tubis & Emilia T. Skupień & Stefan Jankowski & Jacek Ryczyński, 2022. "Risk Assessment of Human Factors of Logistic Handling of Deliveries at an LNG Terminal," Energies, MDPI, vol. 15(8), pages 1-24, April.
    2. Lauro J. Martinez & Shital A. Thekdi & James H. Lambert, 2013. "Modeling energy facility regulatory compliance with application to multi-scale liquefied natural gas facilities," Environment Systems and Decisions, Springer, vol. 33(3), pages 404-412, September.
    3. Shital A. Thekdi & James H. Lambert, 2012. "Decision Analysis and Risk Models for Land Development Affecting Infrastructure Systems," Risk Analysis, John Wiley & Sons, vol. 32(7), pages 1253-1269, July.
    4. Wang, Haijun & Tan, Jie & Guo, Shuojia & Wang, Shenhao, 2018. "High-value transportation disruption risk management: Shipment insurance with declared value," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 109(C), pages 293-310.
    5. Atiq Siddiqui & Manish Verma, 2013. "An Expected Consequence Approach to Route Choice in the Maritime Transportation of Crude Oil," Risk Analysis, John Wiley & Sons, vol. 33(11), pages 2041-2055, November.

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