Offshore Liquefied Natural Gas LNG and Monetization

Abstract

The growing global energy demand and the ecological advantages of low ozone depleting substance resulting from combustion of the natural gas products leads to consideration of economic, practical innovations of transporting the gas. The alternatives of marketing the unused gas include regional or local markets, projects of combined commodity and the export markets. Natural gas has been transported securely, dependably, and financially utilizing pipeline. This paper addresses the issue of Offshore LNG and Monetization with special attention to Supply Chain. In this particular project, the writer will be examining Stranded Offshore gas and Supply Chain, to demonstrate Monetization. Legislations and policies will be juxtaposed them against the upstream sector and downstream sector, with the aim of revealing the formerly misunderstood connections between supply chain and monetization. The question of Offshore LNG and Monetization have been greatly debated in the Gas and Energy field, with organizationsarguing Monetization and Supply Chain. However, these works have not adequately addressed the issue of Offshore LNG and Monetization with the supply chain philosophies. Various solutions for mismanaged stranded gas holds are presently being created and contemplated for commercialization. In the meantime, for the past decades, only the LNG industry (Liquefied Natural Gas) has efficiently conveyed many remote natural gas reserves to the various gas markets which are not reachable through pipelines, such as South Korea and Japan. In conclusion, by closely analyzing monetization and Offshore LNG, this project brings a new understanding of the rarely acknowledged/little recognized/neglected issue of Supply Chain Management. In spite of being a standout amongst the most copious sources of energy on earth, more than thirty-three percent of international natural gas fields stay unused and cannot be conveyed to the market monetarily. As far back as decades, it is evident that large amounts of fresh gas saves are certainly not the only things that are placed strategically. Consideration has been directed to more segregated vast gas reservoir that was earlier thought of as being excessively remote and impossible to develop. Once a typical industry works on, flaring is currently broadly debilitated, and numerous nations including Norway and Nigeria, that are coming up with emission or anti-flaring taxes and policies to discourage gas wastage.