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BECOMING LNG LEADERS

The use of liquefied natural gas (LNG) is now a widespread, commercial reality, as the demand for energy continues to rise. It’s predicted that by 2030, global energy demand will be about 35% higher than it was in 2005.

Natural gas is largely accepted to be the fastest-growing major fuel source, thanks to attributes such as it being cleaner, reliable and plentiful.  Now that it can be transported in the form of LNG, it’s become a truly viable, global resource.

In fact, the question has now become: “how can we get more LNG? Faster and cheaper?” this is clear from the proliferation of acronyms that weren’t even coined as recently as five years ago, such as, FSRUs, FLNG and LNGCs.  All of which have one thing in common, apart from the obvious LNG production and transportation element!

That is the safety factor.  LNG is simply natural gas compressed to 1/600th of the volume, but hazards of the gas in its liquid form include flammability and freezing.  It’s essential that solutions are delivered on the merits of each project, to ensure that the safety of personnel and infrastructure remains paramount.

To achieve efficient operation and maximise safety, docking and mooring solutions on the terminals or carriers that LNG is transferred between should be seamlessly integrated and developed mutually inclusively.

I think a step towards this is to bring as much of the project as possible into one holistic and aligned “package”, with one third party having oversight of a suite of products to be supplied, it’s easier to identify synergies and align the various components.

We’ve recently acquired Sea Systems Technology Ltd. (SeaTechnik) – the global market-leader in the design and manufacture of systems for safeguarding the transfer of LNG between LNG carriers and shore terminals.

In addition to developing, manufacturing and supporting systems for the safe handling of LNG, SeaTechnik has a growing share of products and solutions that monitor and can actively manage in the operating performance of ships, the aim of which is to significantly reduce both emissions and fuel costs.

Given the on-going rise in demand for LNG, we see the sector as an attractive growth area and we’re keen to be able to offer our customers a “one-stop-shop” when it comes to docking, mooring and berthing equipment for LNG projects.  This acquisition will allow us to build on our existing expertise and capabilities. SeaTechnik’s portfolio already has similar design requirements to ours and we already work together closely, so the acquisition provides natural synergies and is a logical step to take.

SeaTechnik employees 45 people globally.  Design, manufacture and assembly is based in a UK facility, outside of Chester in the North West, with local sales support, installation and commissioning work and specialist manufacturing carried out in Korea and Singapore.

I look forward to working closely with our new colleagues and would like to take the opportunity to personally welcome them to the team.

To learn more about SeaTechnik, visit the website here http://www.seatechnik.com/

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