What Liquefied Natural Gas ( Lng )

Mother Nature gave us natural resources to patronize and natural gas is one of them. Small quantities of ethane, propane, butane and pentane are found in the natural gas composition but it is mostly made up of methane. The high volume of pipeline gas makes it difficult for it to be transported in its gaseous form. This is the reason why the oil industry is dominating because of how easy it can be transported. Pipelines are suitable for transporting pipeline natural gas but constructing the suitable infrastructure is very expensive and not technically feasible for global transportation.1 In addition, for you to be able to make it in the gas industry you need trading partners to buy your natural gas. Having said that, one can deduce that the only way to make a

Since scenario 1 has a negative NPV, we recommend Ocean Carriers to not invest if there is a 35% tax rate in the US. In scenario 2, where the ship is built in HK with a 0% tax rate, then we recommend that Ocean Carrier invest in the ship. This analysis shows that working the ship at a 35% tax rate will not yield a profit on the investment even 25 years into the future, given the increasing costs of survey preparation and the diminishing number of days that the ship is actually able to make money and be commissioned.

(4) Absolute antitrust immunity for ocean common carriers engaging in any activities described in (1), (2), or (3), above.

W hy does everyone care so much about natural gas? Why is it such an essential part of modern culture? Sure, it's an exciting and up and coming technology, which is fuel for the technological generation that we've grown up in, but we need to take a closer look to see the methods and impacts that could affect generations after us.

The chapter by Manabu Shimizu focuses on Japan’s efforts in oil exploration and the country’s future goals in the oil industry. Since Japan imports all of its oil, the “challenge is to establish a long-term, sustainable oil supply” (Shimizu 113). Japan has begun to fund Central Asian oil exploration in the hopes of a big oil market being produced for that region. However, Japan does not intend to import oil from Central Asia, rather they want other regions to do import. By doing so, some of the production pressure is lifted from the Middle East, which is where most of Japan’s oil comes from. At the moment, the Middle East is the main producer of oil for many countries with great power over the market, and Japan hopes to create another market

The following report will be based on natural gas. Specifically, it will cover the uses of natural gas, factors affecting the supply and demand, costs and benefits of natural gas, the international trade of natural gas, particularly Russian and American imports/exports and finally substitutes to natural gas.

The United States consumes more than 25% of the world’s petroleum products which is a large percentage, considering only 3% of the world’s oil reserves are produced by the United States. Given the demand for petroleum products such as gasoline, understanding why Crude oil prices have skyrocketed in recent years, is not hard. According to the article “Ending America’s Oil Addiction,” the surge in crude oil prices can be reduced in large part to the simple concepts of supply and demand. (Cooper, 2008)

Over the years Brownsville, Texas has been in the process of industrializing and coming up with ideas to do so. Recently, Brownsville has proposed to build a Liquefied natural gas, “(LNG) is natural gas (predominantly methane, CH4) that has been converted to liquid form for ease of storage or transport” (Project).

Economic benefits of the natural gas industry are intimately tied to the market price of natural gas – which historically, has demonstrated high volatility. Recently the price for oil and gas has plummeted. While natural gas supplies steadily accumulated in the US, Canada’s main export market, decreasing revenue and profits. This has resulted in consolidation of oil and gas companies, loss in jobs, and delay/cancelling of new projects (e.g., LNG projects on BC’s coast). Given this financial context, the Canadian gas industry needs to streamline their operations (i.e., increase efficiency and productivity) and explore alternative markets by, perhaps, moving methane up the value chain and creating value-added products (i.e., petrochemicals).

Natural gas is another means of energy source that provides heating and electricity to many individuals. It is a natural mixture of methane, carbon dioxide, nitrogen and hydrogen sulfide. Natural gas was first found back in 1626 when the French found the natives lighting gas seeping in and out of the ground around Lake Erie. When natural gas was first introduced into civilization as a means of energy source it was not efficient nor was it environmentally friendly. It was first in the United States in Baltimore, Maryland in 1816 when it was used to light the street lamps. The first well that was dug for Natural Gas purposes was in 1821 in Fredonia, New York by William Hart. He is known as the “father of natural gas: in

The LNG will be entirely risky due to the flammability it will be transporting. If the LNG product spills near an ignition source, it will burn above with evaporating gas. The burn will be more rapid with the fire being hotter. If the plant spills, but does not promptly combust, a

4) Should Ms Linn purchase the $39M capsize? Make 2 different assumptions. First, assume that Ocean Carriers is a US firm subject to 35% taxation. Second, assume that Ocean Carriers is located in Hong Kong, where owners of Hong Kong ships are not required to pay any tax on profits made overseas and are also exempted from paying any tax on profit made on cargo uplifted from Hong Kong. (75 points)

Ocean Carriers Inc. was approached in January of 2001 with a contract proposal for the leasing of one of their ships for a term of 3 years beginning in 2003. Ocean Carriers currently has no ship to accommodate the customer. To commission the construction of a new vessel would take 2 years from start to completion. The average rate in the spot market is $22,000 per day. Ocean Carriers deployed a younger fleet than average carriers and generally earned a 15% premium over the average daily rate placing them in position to capitalize in strong economies. However, the industry is volatile and suseptable to extremes both low and high. Many ship owners sought to sign contracts with time charters in order to shield themselves from the swings

Recent spike in US and Canada shale gas production have reduced the prices in the region to historical minimum of less than $4/MMBtu, a half of the price for Europe and five times less the price for China or Japan. This difference in prices has raised huge interest to export of LNG from USA to Asian market. Out of country’s total 11 LNG

There is almost nothing in this world where there is no risk involved. Risk involved is a major topic of concern in everyday life more than ever before. This report gives an overview about the risks involved in everyday life and especially in the oil and gas industry.