LNG
Driving business growth for LNG facilities through improved data accuracy
Sigmafine’s robust data reconciliation engine validates raw plant measurements, serving as a validation checkpoint between a facility’s raw process data and its information personnel.
Improve production data consistency, quality, and traceability to maximize growth and achieve operational efficiency.
The liquified natural gas (LNG) industry is emerging as one of the fastest growing segments in the energy space. As LNG plants strive to meet the increasing demands of the market, they’re recognizing the important role data validation and accuracy play in making informed business decisions that drive growth.
Production Accounting
Perform mass, volume, and energy balance showing the entire site in a single view
Complex Production Allocation Management
Allocating volume and energy according to even the most complicated ownership structures.
Composition Tracking
Up-to-date estimates of materials stocked in inventories or fed to process units. Estimates can be calculated daily or even hourly, empowering operations teams to fix production deviations quickly.
Performance Monitoring
Early detection of process deviations and measurement errors allowing users to more accurately estimate, monitor, and control site losses.
Near Real-Time Energy Management
Accurately monitoring energy-intensive equipment is critical to improving usage and decreasing emissions.
Compliance Reporting
A single source of truth, allowing users to automatically transfer data to business systems and databases.
Supported Applications
Sigmafine’s flexible modeling and data analysis capabilities make it ideal for:
- Accounting for and allocating production within complex joint ventures or multi-affiliate sites
- Monitoring plant and equipment performance
- Managing energy
- Validating environmental data
- Tracking the composition and quality of materials
The Benefits of Improved Data Quality
Improved data quality in the LNG industry can facilitate:
- Production allocation based on corporate structure
- Accurate royalties calculations based on a balanced production account statement
- Stock loss reduction due to improved inventory balancing within the overall mass balance
- Accurate meter technology evaluation
The Business Impact of Implementing Sigmafine
Sigmafine provides LNG facilities significant opportunities for business and operational improvement, including:
- Validating process data quality
- Optimizing meter accuracy by identifying and reducing measurement bias and drifts
- Applying constraints to balance energy contents and assess gains and losses
- Tracking natural gas composition levels and energy output quality
- Allocating volume and energy according to even the most complicated ownership structures
- Creating ad hoc solutions to support tank management, inventory reporting, LNG calculations, compliance reporting, and more
On top of delivering these benefits that drive operational excellence, it’s been estimated that Sigmafine has a payback period of less than 6 months – a critical value proposition for customers who are tightening resources to stay competitive.
Sigmafine References in LNG
Customer:Â Cheniere Energy, Inc.
Title:Â Cheniere: LNG Production and Inventory Accounting on an Energy Basis
Prepared by:Â Matthew Carlson, Production Engineer, Cheniere Energy, Inc.
Abstract:Â Cheniere is able to add meaning and context to the disparate data in their LNG facilities to increase the value of their assets with the help of Sigmafine.
Resources
LNG
Driving business growth for LNG facilities through improved data accuracy
Sigmafine’s robust data reconciliation engine validates raw plant measurements, serving as a validation checkpoint between a facility’s raw process data and its information personnel.
Carlos Quintana
Industry Principal for LNG
Pimsoft
Houston