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Solomon launches LNG Plant Study

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LNG Industry,

HSB Solomon Associates LLC has announced the launch of its Worldwide LNG Plant Performance Analysis (LNG Plant Study) for operating year 2016.

This study compares performance internally and relative to top performers, addresses actionable performance gaps, establishes a framework for operations excellence programmes, and assesses performance of new asset acquisitions and joint venture operations. It also provides a set of efficiency indicators that provide operators with a measure of how well a plant is performing based on the size and configuration of a particular plant.

Richard Harper, LNG Plant Study Manager, said: “The LNG industry is experiencing increased market competitiveness due to significant expansions in on-stream capacity, abundance of supply, and downward pricing pressure. Consequently, operators are facing increased pressure to build economies of scale and demonstrate sustainable improvement.

“Clients are interested in a study that unifies metrics across their value chain, provides a robust normalisation process such as that employed in our Comparative Performance Analysis (CPA) methodology, quantifies performance gaps, and provides detailed metric data to enable the performance improvement process.”

Solomon added that it plans to leverage its Worldwide Natural Gas Processing and LNG Plant Performance Analysis (NGPP Study), which already includes 56 gas processor-related participants worldwide. The scope of the LNG Plant Study will be comprehensive, including gas treating, fractionation, liquefaction, storage, and loading. Performance will be assessed across energy, operating expense, reliability, maintenance cost, personnel productivity, utilisation, availability, safety, and environmental. This new biennial study is planned to launch in November 2016, with data submission due in March 2017. Publication of results and presentations are targeted 3Q17.

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