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Welcome back to LNG4U.
There’s plenty happening in the LNG industry this week, from price movements and changing market dynamics to the latest developments in shipping, terminals, and offshore projects.
I’ve brought together the stories that caught my eye and that I think are worth your time.
🎓 LNGKnowledge
Liquefied petroleum gas LPG is the general name given for Propane, Butane and mixture of the two. These products can be obtained from the refining of CrudeOil. When produced in this way they are usually manufactured in 👉 pressurised form.
However, the main production of LPG is found within petroleum producing countries 🌎. At these locations, LPG is extracted from NaturalGas or CrudeOil streams coming from underground reservoirs. In the case of a NaturalGas well, the raw product consists mainly of Methane 🔥.
A simple flow diagram which illustrates the production of Propane and Butane from oil and gas reservoirs is shown below 👇 . In this example the Methane and Ethane which have been removed are used by the terminal's power station, and the LPGs, after fractionation and chill down, are pumped to terminal storage tanks prior to shipment for export 🏭.
Source : McGuire and White
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