BRASS LNG Plant, Nigeria

Filling industry gaps and significantly improving operational efficiency.
Brass Fertilizer & Petrochemical Company Limited (BFPCL) proposes to plan a natural gas liquefaction plant in the southeast corner of Brass Island, Nigeria. The project is envisioned to be implemented in two phases covering an area of 174 hectares. Phase I will have a capacity of 6 MTPA in size, subsequent to the completion of the Phase II, the total capacity will reach 12MTPA.
 
Phase I of the project consists of 23 blocks, including natural gas treatment area, natural gas liquefaction area (single line capacity of 3.0MTPA), storage tanks area (two 200,000m3 LNG tanks & one 100,000m3 condensate tank), one supporting LNG berth and one condensate berth, a 16km dedicated navigation channel, a power station, utility areas, auxiliary production facilities and Client's administration office etc. 
 
HalcrowSea conducted the conceptual master plan and techno-economic feasibility study for a strategic LNG terminal. The master plan addressed site selection, layout, phased development, and marine facilities for carriers up to Q-Max. Techno-economic analysis included market forecasting, supply chain modeling, technology screening, cost estimation, financial modeling, and risk assessment. Supplementary studies covered safety, environmental, and regulatory aspects. Deliverables provided a robust framework for investment decisions, financing, and FEED progression, aligning with national energy security objectives.
 
The project aims at an internal rate of return of 8% with LNG price reaching Asia around 7~8 USD/MMBTU. Financial analysis concludes that the IRR of this project is 8.47%, and the price of LNG arriving in Asia (CIF) can be controlled to be 7.3~7.5USD/MMBTU, which shows strong market competitiveness.

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