Hoegh FSRU

LEIF HÖEGH & CO LNG Floating Storage and Regas Unit FSRU Bjørn K. Markussen - Senior Advisor HLNG

Zeus Development Corporation

LNG: Moving Off-shore Houston September 2004

LNG FSRU- 180.000 cbm storage & 0,5 - 1,5 BScuf/d Regas capacity

FSRU -180.000 cbm storage0,7 Bscf/d Regas capacity General description Size of vessel (LXBXD):

277,0 x 51,2 x 24,0 meters

Draft of vessel:

12,0 m scantling, 11,0 m operation.

Deadweight:

84.000 tons - 11,0 m.

Storage capacity:

180 000 cbm

Regas capacity: Regas modules on deck

0,7 Bscf/day 3 off

Propulsion:

2 azimuth thrusters each 5.500 kW.

Speed:

11,0 knots.

Power Generation

3 x 6.000KW. Total 18.000 KW.

Power Consumption:

Abt. 9.000 KW normal operation.

LNG FSRU philosophy

• • • • • • • • • • • • •

Low CAPEX and OPEX Operating location: inside or outside 12 NM limit Flag: National - or International Building at shipyards world wide Design-, build- and operate as LNG vessels or as offshore unit Flexible Regas capacity 0,5 - 1,5 BScuf/d 40 years vessel life (25 years for equipment) Mooring feasible in wide range of water depths (25-100 m) STL buoy mooring and riser connection (APL) Unitised re-gas plant on deck (HKSE) Side-by-side mooring of LNG supply vessel - heading control Disconnect-and sail away from hurricanes and/or for dry-docking Permitting in USA: As Deep Water Port

FSRU - product flow diagram

BOIL-OFF COMPRESSORS

RECONDENSER

SEND-OUT PUMPS

SHUTTLE TANKER

CHICKSAN ARMS

LNG TANKS

TANK PUMPS

VAPORISERS

METERING?

SEAWATER PUMPS

TURRET

LEGEND: Blue

LNG

Red

Vapour

Black

El. Power

Green

Seawater

EL. POWER PLANT

LNG FSRU PRODUCT FLOW BLOCK DIAGRAM

LNG/C to FSRU - side-by-side transfer

-Supply from standard LNG vessels -Side-by-side discharge -Regular loading arms -Heading control -Availability comparable to side-by-side transhipment of crude oil

Side-by-side off loading

Application of regular LNG loading arms in use today

FSRU - operation in bad weather.

FSRU may connect in 6 m Hs FSRU stay connected in up to 11 m Hs FSRU may leave location for hurricanes

STL buoy from APL

HKSE: LNG regasification system Propane LNG/seawater heat exchanger

LNG/propane heat exchanger (PCHE)

LNG In

LNG out

LNG booster pump

2 Propane / Seawater HX Seawater In

Seawater out

Propane pump

Regasification Plant

Video

LNG regasification system - dimensions 11460 mm

7960 mm

3980 mm Dry Weight per skid : 52 ton Capacity for this skid: 210 t/hr Send-out: 250 MMScuf/d

LNG regasification system System parameters

Process/system

LNG

Propane

Seawater

LNG regasification system - cold water

Steam LNG Seawater Propane • HKSE patent application

Shipping & Terminal Economics

Cost comparisons for: •LNG/C to land based receiving terminal •Shuttle and Regas Vessels (SRV) •LNG/C to Floating Storage and Regas Unit (FSRU)

LNG/C to land based terminals

145.000 cbm LNG/C Diesel propulsion + reliquefaction

Shuttle and Regas vessels - SRV

Two buoys for continuous send-out 145.000 cbm vessels Diesel + reliquefaction

180.000 cbm FSRU - 0,7 BScf/d Regas FSRU cost

•

Yard price FSRU (indication)

320 mill $

• • • •

Into service cost Positioning cost Mooring buoy, riser & PLEM Into service price

370 mill $ 10 mill $ 30 mill $ 410 mill $

• • • • •

CAPEX (25 yrs, 10%, 10 mill $ resid) Running cost (as vessel) Fuel cost General expenses TOTAL FSRU “terminal cost”

120000 $/d 18000 $/d 5000 $/d 5000 $/d 148000 $/d

FSRU and SRV Economics SRV: Competitive for low to medium send-out capacity and short to medium shipping distances.

Terminal & Regas Cost - $/MMBtu

0,5

FSRU: Competitive for medium to large send-out capacity and medium to long shipping distances.

0,45

SRV-7900 nm

0,4

Arabian Gulf - US Gulf

0,35 0,3

SRV-5900 nm W-Africa - US Gulf

0,25 0,2

Onshore

0,15

SRV - 2200 nm Trinidad - US Gulf

0,1

FSRU (200 k storage)

0,5

0,75

1

1,5

Send-out capacity - Bcf/d

2

FSRU & SRV market potential

SRV FSRU For harsh- (and benign) For benign environment environment world-wide Side-by-side loading 3 vessels and one buoy Gulf of Mexico under construction for GoM Mediterranean operation South East Asia Cost competitive: In the future for harsh environment small- to medium re-gas Tandem loading (under volumes development) short- to medium shipping Far East distances US East and West Coast Cost competitive: medium to large re-gas volumes medium to long shipping distances

Concluding remarks

remarks

•Easy to locate offshore •Short permitting time •Short construction time •Economically competitive •Environment friendly