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Technical UpdateOctober 6, 2011
Gas Transport 2
• Details Provided for Transportation and Separation of Mixtures
• Illustrates Several Concepts for Separate Transfer on the same Marine Vessel
• Identifies Economic Value of Separation of Existing Cyrogenic Liquid Mixtures
• Great Synergy Between LNG and GTE
Gas Transport of Ethylene Factors
• North America Gas Prices are Low
• US Cost to Manufacture Ethylene very low due to historically low ethane prices
• Many LNG plants are operating at capacity
• Older, Smaller LNG Ships available
• Ethylene Prices are Increasing outside of USA
• Naphtha Ethylene Plants are old and naphtha cost remains high – shutting down in
US and Europe
• Ethane for ethane crackers not available in Europe and Asia keeping ethylene prices
high. Europe and Asia account for 53% of global ethylene production.
0
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1 000
1 100
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0 20 40 60 80 100 120 140 160Ethylene Capacity (million tons per year)
US$
per
ton
Ethy
lene
Middle E.Ethane
ME E/P and Mixed
ChinaMTO
AsiaEthane
North AmericaEthane and E/P
Asia Liquid
EuropeNaphtha
South KoreaNaphtha
JapanNaphtha
IndiaE/P
IndiaNaphtha
1st Quartile
2nd Quartile
3rd Quartile
4th Quartile
Old and Sub-Scale
Ethylene Cost to Produce vs Source and Process
Opportunities
• Several locations in Africa and Middle East where ethylene production and
LNG production are nearby
• Several locations in Asia, Western Europe and USA where LNG is received
and ethylene is made and converted
• The cheapest ethylene is made in the Middle East and Most expensive is
made in Europe