A new approach to LNG storage tank design

06 Dec 2013

Hyundai Heavy Industries (HHI) is designing new modular LNG storage tanks using concepts from LNG shipping to onshore storage and spin-off technology.

ABS Consulting recently completed design review services for the new design. During the review process, the design was reviewed against applicable rules and standards and was confirmed to be technically equivalent to standard onshore LNG storage tanks.

Tom Nolan, vice president, Global Maritime Services, ABS Consulting, said: “We are proud to help HHI with this new approach to LNG storage tank construction. “This method may play a significant role in decreasing the time it takes to complete construction in arctic areas where extreme weather conditions limit the timeframe during which construction can take place.”

“It is to be one of the solutions to overcome excessive investment cost and can also enhance the compatibility of the ground LNG liquefaction plant in the developed markets such as Australia, Canada and the US,” added Chun In-soo, COO of industrial plant and engineering division, HHI.

HHI says it expects the new modular LNG storage tank to reduce both the EPCC cost and the construction period.

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