IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v296y2024ics0360544224006509.html
   My bibliography  Save this article

Operational strategy to minimize operating cost in LNG terminal using a comprehensive numerical boil-off gas model

Author

Listed:
  • Kang, Goanwoo
  • Im, Junyoung
  • Lee, Chul-Jin

Abstract

To address global warming and climate change, many countries have made efforts to reduce greenhouse gas emissions. Natural gas is a sustainable and promising energy source that emits half as much carbon dioxide (CO2) as coal. Because the European Union includes natural gas in its green classification system, its demand is expected to increase. However, owing to its characteristics, natural gas must be stored in a cryogenic liquid state, leading to an increase in the boil-off gas (BOG) processing costs and affecting the stable supply of liquid natural gas (LNG) terminals with increasing LNG transaction volume. This study proposes Send-out controlling to reduce the operating costs of LNG terminals. Send-out controlling replaces the excessive power consumption of high pressure (HP) compressors with pumps. It was performed using an integrated BOG numerical model and the heat exchange ratios between LNG and BOG. Unlike existing equipment and insulation enhancements, Send-out controlling does not incur additional costs. By applying the proposed Send-out controlling method and replacing the HP compressors with pumps, the operating cost of the LNG terminal can be reduced by 11.75%. This study proposed an operational scenario for an LNG terminal that is expected to contribute to reducing the operating costs of LNG terminals without installing any additional equipment.

Suggested Citation

  • Kang, Goanwoo & Im, Junyoung & Lee, Chul-Jin, 2024. "Operational strategy to minimize operating cost in LNG terminal using a comprehensive numerical boil-off gas model," Energy, Elsevier, vol. 296(C).
  • Handle: RePEc:eee:energy:v:296:y:2024:i:c:s0360544224006509
    DOI: 10.1016/j.energy.2024.130878
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0360544224006509
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.energy.2024.130878?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:energy:v:296:y:2024:i:c:s0360544224006509. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.