Since its establishment in 1921, the Manufacturers’ Association of Israel (MAI) is recognized as a central force in the Israeli economy as a whole, and in the industrial sector in particular. It is strongly aware of its obligation to promote national goals such as economic independence and security. The MAI constitutes a powerful force in …
The flow of oil and gas from literally hundreds of thousands of wells has slowed to a relative trickle, yet the formations they have tapped still contain large quantities of hydrocarbons. Many of these wells are marginally economic and at risk of being prematurely abandoned. Significant quantities of oil remain behind when marginal wells are …
Continue reading “Marginal and stripper well revitalization”
The marginal cost of oil is the amount required to bring on hard-to-access oil only considered viable when other supplies fail to meet demand. It can be viewed as a level below which prices are unlikely to fall. The price at which oil or gas needs to be sold in order to spur enough production …
Continue reading “Marginal cost of oil; Marginal cost of supply; Marginal cost of natural gas”
LNG projects require substantial capital investments in liquefaction trains and other supply infrastructure, which developers must have assurance that they can recover. Therefore most LNG is traded under long term contracts, typically of 10-20 years duration. Spot trading in LNG remains relatively modest, so some basis other than spot LNG prices must be found for …
Will LNG explode? No. LNG is not explosive or flammable in its liquid state. Will LNG burn? No. LNG is a liquid that does not burn because it does not contain oxygen. Vapor from LNG can burn as discussed below. What happens if LNG spills? If LNG spills it will vaporize. The resulting vapors will …
LNG tanks are employed in a variety of types throughout the world according to social needs and the site environment. Storage tanks are broken down into three categories: in-ground storage tanks, below ground storage tanks and above ground storage tanks. Today’s LNG storage tank typically has 100,000 m3 or more of capacity and is designed …
These are double-hulled ships specifically designed to handle the low temperature of LNG, insulated to limit the amount of LNG that boils off. LNG tankers require a minimum depth of 40 feet (12 m) when fully loaded
When a country’s installed electricity capacity is dangerously close to its peak electricity generation. Most OECD countries strive to have electricity reserves of around 10-20% while Israel has between 5-10% and decreasing as consumption grows at an annual rate of approximately 4%
The lower heating value of a fuel is defined as the amount of heat released by combusting a specified quantity (initially at 25 °C or another reference state) and returning the temperature of the combustion products to 150 °C
Which allows its delivery in liquid phase by means of tankers or pipelines to the company’s plants, where the cylinders are filled for delivery to customers
