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Title: | New technologies for natural gas supply in the Baltic Sea : economic aspect |
Authors: | Chłopińska, Ewelina Kotkowska, Diana Autzen, Alexander |
Keywords: | Liquefied natural gas -- Economic aspects Liquefied natural gas -- Transportation Liquefied natural gas industry Monte Carlo method Baltic Sea Region -- Environmental conditions |
Issue Date: | 2021 |
Publisher: | University of Piraeus. International Strategic Management Association |
Citation: | Chłopińska, E., Kotkowska, D., & Autzen, A. (2021). New technologies for natural gas supply in the Baltic Sea : economic aspect. European Research Studies Journal, 24(3B), 200-212. |
Abstract: | PURPOSE: Modern technology is contributing to the development of projects and
modifications to existing Liquefield Natural Gas (LNG) import terminals that enable efficient
distribution of liquefied natural gas. When considering Small Scale LNG (SSLNG), it is
important to consider the amount of LNG demand and how the feedstock will be distributed.
This paper describes SSLNG technology initiatives that guarantee fast and attractive returns
in the medium term. DESIGN/METHODOLOGY/APPROACH: In the first part of the paper, theoretical background of LNG is described. The SSLNG supply chain and the main actors in the distribution process were characterized. FINDINGS: The method of determining the LNG price, which depends on many components, was determined. Distribution costs were classified with reference to the SSLNG fleet in terms of the type of propulsion used. The benefits of implementing SSLNG were indicated. In the next part of the study, the predicted number of vessels which will use LNG as propellant was simulated. This made it possible to determine the price of LNG. The analysis was performed using the Monte Carlo method on the example of the Baltic Sea with a forecast to 2026. PRACTICAL IMPLICATIONS: SSLNG technology with reduced investment requirements and a short commissioning period reduces the uncertainty of project timing. Depending on the choice of LNG management, different actors are involved in the supply chain. The analyses presented here show that participants in the distribution process have a significant impact on network integration. SSLNG enables the addition of capacity to have the ability to handle increased demand for LNG. Thus, it is possible to synchronize the supply chain. ORIGINALITY/VALUE: For the first time, to our knowledge, determining the situation, anticipating, monitoring, and responding to changes is the basis for designing SSLNG for optimal use. |
URI: | https://www.um.edu.mt/library/oar/handle/123456789/106349 |
Appears in Collections: | European Research Studies Journal, Volume 24, Issue 3B |
Files in This Item:
File | Description | Size | Format | |
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ERSJ24(3B)A13.pdf | 425.46 kB | Adobe PDF | View/Open |
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