• Title/Summary/Keyword: Oil and Gas Market

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Development of Risk-Based Inspection(RBI) Technology for LNG Plant Based on API RP581 Code (API RP 581 Code를 기반으로한 LNG 플랜트의 Risk-Based Inspection(RBI) 기술 개발)

  • Choi, Song-Chun;Choi, Jae-Boong;Hawang, In-Ju
    • Corrosion Science and Technology
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    • v.11 no.5
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    • pp.179-183
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    • 2012
  • As one of promising solutions to overcome high oil price and energy crisis, the construction market of high value-added LNG plants is spotlighted world widely. The purpose of this study is to introduce LNG-RBI system to develop risk assessment technology with RAM(Reliability, Availability, Maintainability) modules against overseas monopolization. After analyzing relevant specific features and their technical levels, risk assessment program, non-destructive reliability evaluation strategy and safety criteria unification class are derived as core technologies. These IT-based convergence technologies can be used for enhancement of LNG plant efficiency, in which the modular parts are related to a system with artificial optimized algorithms as well as diverse databases of facility inspection and diagnosis fields.

A Study on the Climate Change and the Policy of Natural Gas Exploitation on the Arctic Region (기후변화와 북극 유·가스전 개발에 관한 연구)

  • Kim, Boyoung;Ryu, Siho;Park, Yonhe
    • Environmental and Resource Economics Review
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    • v.18 no.4
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    • pp.787-813
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    • 2009
  • Because of global warming, the thawing of the Arctic ice cap is slowly accelerating. That is the hot issue nowadays. According to the each country's climate change policy, it is boom in the world to lessen the consuming of the fossil fuel those are oil, coal and natural gas. But on the contrary the thawing of the Arctic ice cap is the chance to make the natural gas producing unit cost lower. The purpose of this paper is to search the Arctic policy of each country under the contradictory relationship between promoting the climate change policy and exploiting the natural gas on the Arctic. Specially, there are huge natural gas reserves in Russia on the Arctic region, Russia's exploiting the natural gas on the Arctic will affect on the natural gas supply-demand balance of world natural gas market strongly in the future. Therefore it needs to prepare the future energy alternative policy for Korea's energy security. Russia has Yamal Peninsular where is abundant on natural gas reserver, and she can supply natural gas by LNG ship all over the world via the Arctic route. This means that the structure of world natural gas market be changed gradually. It will be possible in 2030~2040. And such a change is very important because new natural gas trading type can do it through not only overcoming the geological restriction but also shifting the main trading type from PNG(Pipeline Natural Gas) to LNG(Liquified Natural Gas). Therefore it is necessary that we should let this be a good lesson to ourselves through the government action of other countries (China, Japan) those also have no sovereignty over the Arctic as Korea.

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Stability Analysis of the CNG Storage Cavern in Accordance with Design Parameters (설계변수에 따른 압축천연가스 저장 공동의 거동 분석)

  • Park, Yeon-Jun;Moon, Hyung-Suk;Park, Eui-Seob
    • Tunnel and Underground Space
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    • v.23 no.3
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    • pp.192-202
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    • 2013
  • The domestic demand of natural gas has increased continuously due to the sudden rise of oil price and regulations on greenhouse gas to global warming. In order to improve the supply security of natural gas market in Korea, the agreement on supply of pipeline natural gas (PNG) in Russia was signed between Gazprom and Korea Gas Corporation in 2008. If the supply plan of Russian natural gas is realized, underground storage facilities would be required in order to balance supply and demand of natural gas because the gas demand is concentrated in the winter. This study investigated the safety of the storage facility in quantitative way considering several design parameters such as gas pressure, depth of the storage cavern, rock condition and in-situ horizontal stress ratio. Two dimensional stress analyses were conducted using axi- symmetry condition to examine the behavior of cavern depending upon suggested design parameters. Results showed that the factor of safety, defined as the ratio of 'shear strength'/'shear stress', was largely affected by the depth, rock class and gas pressure but was insensitive to the coefficient of lateral pressure(Ko).

The Status of Domestic Hydrogen Production, Consumption, and Distribution (국내 수소 생산, 소비 및 유통 현황)

  • Gim, Bong-Jin;Kim, Jong-Wook;Choi, Sang-Jin
    • Transactions of the Korean hydrogen and new energy society
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    • v.16 no.4
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    • pp.391-399
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    • 2005
  • This paper deals with the survey of domestic hydrogen production, consumption, and distribution. The amount of domestic hydrogen production and consumption has not been identified, and we survey the amount of domestic hydrogen production and consumption by industries. The hydrogen production industries are classified into the oil industry, the petrochemical industry, the chemical industry, and the other industry. In 2004, the amount of domestic hydrogen production was 972,601 ton, which corresponded to 1.9% of the global hydrogen production. The oil industry produced 635,683 ton(65.4%), the petrochemical industry produced 241,970 ton(24.9%), the chemical industry produced 66,250 ton(6.8%), the other industry produced 28,698 ton(2.9%). The hydrogen consumptions of corresponding industries were close to the hydrogen productions of industries except that of the other industry. Most hydrogen was used as non-energy for raw materials and hydrogen additions to the process. Only 122,743 ton(12.6%) of domestic hydrogen was used as energy for heating boilers. In 2004, 47,948 ton of domestic hydrogen was distributed. The market shares of pipeline, tube trailers and cylinders were 84.4% and 15.6%, respectively. The purity of 31,848 ton(66.4%) of the distributed hydrogen was 99.99%, and 16,100 ton(33.6%) was greater than or equal to 99.999%. Besides domestic hydrogen, we also identify the byproduct gases which contain hydrogen. The iron industry produces COG( coke oven gas), BFG(blast furnace gas), and LDG(Lintz Donawitz converter gas) that contain hydrogen. In 2004, byproduct gases of the iron industry contained 355,000 ton of hydrogen.

Numerical simulation of resistance performance according to surface roughness in container ships

  • Seok, Jun;Park, Jong-Chun
    • International Journal of Naval Architecture and Ocean Engineering
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    • v.12 no.1
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    • pp.11-19
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    • 2020
  • In recent years, oil prices have continued to be low owing to the development of unconventional resources such as shale gas, coalbed methane gas, and tight gas. However, shipping companies are still experiencing difficulties because of recession in the shipping market. Hence, they devote considerable effort toward reducing operating costs. One of the important parameters for reducing operating costs is the frictional resistance of vessels. Generally, a vessel is covered with paint for smoothing its surface. However, frictional resistance increases with time owing to surface roughness, such as that caused by fouling. To prevent this, shipping companies periodically clean or repaint the surfaces of vessels using analyzed operating data. In addition, studies using various methods have been continuously carried out to identify this phenomenon such as fouling for managing ships more efficiently. In this study, numerical simulation was used to analyze the change in the resistance performance of a ship owing to an increase in surface roughness using commercial software, i.e., Star-CCM+, which solves the continuity and Navier eStokes equations for incompressible and viscous flow. The conditions for numerical simulation were verified through comparison with experiments, and these conditions were applied to three ships to evaluate resistance performance according to surface roughness.

Risk Assessment Technology of LNG Plant System (액화천연가스 플랜트 시스템 위험도평가 기술)

  • Choi, Song-Chun;Ha, Je-Chang;Lee, Mee-Hae;Jo, Young-Do;Chang, Yoon-Suk;Choi, Shin-Beom;Choi, Jae-Boong
    • Journal of the Korean Society for Nondestructive Testing
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    • v.29 no.2
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    • pp.162-170
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    • 2009
  • As one of promising solutions to overcome high oil price and energy crisis, the construction market of high value-added LNG plants is spotlighted world widely. The purpose of this manuscript is to introduce domestic activities to develop risk assessment technology against overseas monopolization. After analyzing relevant specific features and their technical levels, risk assessment program, non-destructive reliability evaluation strategy and safety criteria unification class are derived as core technologies. These IT-based convergence technologies can be used for enhancement of LNG plant efficiency, in which the modular parts are related to a system with artificial optimized algorithms as well as diverse databases of facility inspection and diagnosis fields.

A Study on the Demand of the Promotion Policy for the Oil and Gas Overseas Transportation Projects by AHP (AHP 분석을 이용한 원유 및 가스 해외 수송사업 진흥 정책 연구)

  • Jae-Woong Yoon
    • Korea Trade Review
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    • v.47 no.5
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    • pp.289-304
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    • 2022
  • Korea's LNG and crude oil are the most important energy and export raw materials, but 100% import resources by overseas. However, tanker shipping companies, which play the most crucial role in energy cargo security, are very small in number and size, which can be a factor in the supply chain crisis. Therefore, this paper studied the policy of expanding tanker transportation necessary for the transport of crude oil and LNG in Korea. In the existing literature, there was no policy study necessary for tanker ships, but referring only to the importance of overseas energy development and transportation, so we tried to derive various demands necessary for expanding the tanker fleet through expert interviews and AHP which was conducted on 89 related energy institutions to derive policies and their priorities. The results of the study are as follows. As for the policy, the financial support policy was the highest priority, followed by the business and the mutual cooperation policy of related agencies. Tax support (22.6%) and ship financing (19.4%) were the highest priorities, followed by the Energy Intermediate Promotion Act (11.9%), Tanker Guarantee Insurance (10.6%), Energy Budget Independence (9.3%), and Korea Trader Development (8.2%). Energy governance (6.3%), information center establishment (6.2%), and energy procurement committee (5.5%) ranked seventh, eighth, and ninth. The research results show that it is necessary to supply sufficient ships to the market through the expansion of ship finance for tankers and to follow business support policies such as guarantee insurance. In addition, it was also possible to derive that the financial resources need to be determined by law and independent budgets for consistency and continuity.

Research of design challenges and new technologies for floating LNG

  • Lee, Dong-Hyun;Ha, Mun-Keun;Kim, Soo-Young;Shin, Sung-Chul
    • International Journal of Naval Architecture and Ocean Engineering
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    • v.6 no.2
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    • pp.307-322
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    • 2014
  • With the rate of worldwide LNG demand expected to grow faster than that of gas demand, most major oil companies are currently investing their resources to develop floating LNG-FLNG (i.e. LNG FSRU and LNG FPSO). The global Floating LNG (FLNG) market trend will be reviewed based on demand and supply chain relationships. Typical technical issues associated with FLNG design are categorized in terms of global performance evaluation. Although many proven technologies developed through LNG carrier and oil FPSO projects are available for FLNG design, we are still faced with several technical challenges to clear for successful FLNG projects. In this study, some of the challenges encountered during development of the floating LNG facility (i.e. LNG FPSO and FSRU) will be reviewed together with their investigated solution. At the same time, research of new LNG-related technologies such as combined containment system will be presented.

Quantitative analyses of ricinoleic acid and ricinine in Ricinus communis extracts and its biopesticides

  • Choi, Geun Hyoung;Kim, Leesun;Lee, Deuk Yeong;Jin, Cho long;Lim, Sung-Jin;Park, Byung Jun;Cho, Nam-Jun;Kim, Jin-Hyo
    • Journal of Applied Biological Chemistry
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    • v.59 no.2
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    • pp.165-169
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    • 2016
  • The quantitative analytical method for the bioactive substance, 3-cyano-4-methoxy-N-methyl-2-pyridone (ricinine) and an index compound, ricinoleic acid in castor plant (Ricinus communis) extract or oil was developed. For the determination of a pyridone alkaloid compound, ricinine, successive cartridge cleanup method combined with ultra-performance liquid chromatography was set up with $ENVI-Carb^{TM}$ (0.5 g) and $C_{18}$ SPE cartridges. Accuracy and precision were evaluated through fortification studies of one biopesticide (PE) at 10 and $100mg\;kg^{-1}$. Mean recoveries of ricinine were 98.7 and 96.0 % associated with less than 10 % RSD, respectively. For the determination of ricinoleic acid in castor extract and oil, saponification and methylation were optimized using gas chromatography-time of flight mass spectrometry. Recovery was more than 84.8 % associated with 6.2 % RSD after derivatization procedure. Both methodologies developed were applied to analyze real samples including three castor oil products and six commercially available biopesticides containing R. communis, collected at Korean market. The contents of ricinine and ricinoleic acid in most commercial biopesticides were less than the oil or extract contents indicated by label.

On the Analysis of Risk Management for a Utility Construction Work in Plant Projects (플랜트 유틸리티 시공에서 리스크 관리에 관한 연구)

  • Han, Ki-Don;Hur, Jin-Huek;Moon, Seung-Jae;Yoo, Hoseon
    • Plant Journal
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    • v.6 no.1
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    • pp.64-70
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    • 2010
  • From 2000, the world plant market, especially plant developing business related to oil and gas, has been increasing. Domestic construction companies advance to overseas plant construction market actively, and proportioning to this, an importance of utility construction is increasing. However, the project becomes large and high-tech, and many companies experience difficulty of project management due to relatively high risk of overseas construction. In this study, we built the standard process with which domestic company can evaluate the risk of overseas plant utility construction. Primary factors for risk evaluation is derived, classification system is made out, primary factor is analyzed, and counter plan is suggested. And thorough management of risk is performed by risk management organization that manages the risks, risk control methods, reports and monitors through risk sheet and risk action log from the start of project to the end.

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