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Location: East Africa (Western Indian Ocean)
Type of project: LNG receiving terminal / Hub / island distribution / Bunkering
Assumed initial capacity: from 3.000.000 to 6.000.000 metric tons of LNG per year
Estimated CAPEX: USD 600 MM (depending on configuration)
Estimated investment requirement for development: USD 35 MM
Estimated time from DTP to RFO: 40-48 months
The LNG Clipper aims at developing and building as well as operate an LNG regasification and re-distribution terminal in East Africa. It shall supply LNG through a long-term partnership with an LNG supplier from the Middle East or Australia. After bulk breaking the bigger cargo into smaller cargos, transport them to either islands in the Western Indian Ocean and/or isolated continental communities in all of East Africa. It will also sell regasification and re-distribution capacity to third party buyers of such capacity on a long-term as well as on a spot basis.
LNG Clipper aims at providing a barebones marine distribution network in order to allow power generation operators to make the switch to LNG as a fuel for their generational needs.
After a successful startup, LNG Clipper shall also run a study to expand into other areas of business such as bunkering and vehicle fueling in order to exploit the current drive for cleaner fuels worldwide. This is, however, not in the scope of phase one of the project.
LNG Clipper will allow its customers to make the switch from costly and dirty Diesel and Heavy Fuel Oil as well as coal to the cleaner and cheaper LNG as a primary energy and fueling source.
CUSTOMERS, MARKETS & BUSINESS MODEL
Power supply on small islands and on the African continent is a challenge as it’s not easy to integrate them into grids as it is done on the continent. The dark continent has never built coherent and integrated structures for energy supply. The grid brings scale that allows technologies such as renewable energy to get balanced out for use by consumers. Those communities often have to resort to diesel, coal or HFO power generation as backup which is wasteful, expensive and very dirty. Natural Gas would be perfect as an energy source but building pipelines to every island is often too expensive.
LNG is the only economically viable solution but most LNG vessels bring huge amounts of LNG, much more than small communities can digest. The cargo needs to be broken down into smaller cargos which must be transported by smaller ships to small receiving terminals. That’s what the LNG Clipper is planning to do.
The LG Clipper wants to be the logistical and storage solutions in order to gasify the communities throughout and around the Western Indian Ocean. The hub is going to be placed into one of the continental East African countries in order to serve as a conventional regasification terminal as well.
TIMELINE, FINANCIAL REQUIREMENTS, AND MILESTONES
High-level evaluation and contacts have been conducted but no more. There is interest by potential suppliers to come on board of such a project. The challenges are fundamentally understood and assuming a solid commitment from a potential investor, this project could be put into existence in a moderate timeframe. The project could also be developed in tranches in order to limit commercial risk even further and I would even suggest so in order to avoid unnecessary expenses as much as possible at such an early stage.
A business plan can be developed in a few months after which direct pilot client acquisition can start at once.
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