Aminex Share Discussion Threads

[vinceelliott] 03/3/2017 11:26

Nice to see a better exchange of thoughts this am.
Surprised the price is motoring on with no recorded new news.

[haggismchaggis] 03/3/2017 11:23

Hey dunderhead, you must be a real dunderhead! It's obvious to anyone with knowledge of Tanzania gas processing that the gas would be processed at Madimba, the LNG plant would also be at Madimba, taking the processed gas and converting it to LNG.You should try working these things out yourself, instead of just coming up with reasons why you think something won't work!

[ngms27] 03/3/2017 11:16

So Dunderhead, to use bottles wheres the processing going to take place to remove the heavier hydrocarbons, CO2, etc. Then split it into Butane, Propane etc and put into bottles? What about the other Gas's in the mix such as methane and ethane?

Then how much can be produced this way per day? Wheres the demand? How much will it cost to set up such a plant?

BTW Natural Gas is usually around 95% Methane so the bottled gas is generally a by product..

[thegreatgeraldo] 03/3/2017 11:04

haggis, where are you going to send your truckloads of LNG? & why?

[haggismchaggis] 03/3/2017 11:02

Greyingsurfer, one of the LNG options fits in a container, how can that not be a viable option?

[haggismchaggis] 03/3/2017 11:01

Greyingsurfer, nope, you've got it all wrong. Small scale LNG does not fill LNG tanker vessels, so there's no need for any LNG terminal or deep-water etc etc.LNG can be shipped via truck, container, or rail, not just in an LNG vessel.The term 'small scale' is the indicator here.

[dunderheed] 03/3/2017 11:00

Ngms yes but there certainly will be a market for cng bottles and thus can have quite surprising returns.

[ngms27] 03/3/2017 10:57

Must admit Haggis's bleats about LNG are making me laugh. That's for the big boys. The LNG tankers are huge to make it worthwhile transporting over the distances required.

A few plants on concrete skids are the absolute tip of the iceberg and Ntorya certainly as yet doesn't have enough gas for it even to muster a 1 minute conversation in the right circles.

For the record I'm well versed on LNG as my Cousin makes his living out of it in Australia.

[nsk1] 03/3/2017 10:39

Three month chart looks great, good news & we are heading to 8p region minimum. Just hope all our expectations are not dashed in the next few weeks. I also hope they give us some results by mid march as they said in RNS. The markets don't like missed deadlines & tend to overreact with the SP

[greyingsurfer] 03/3/2017 10:05

Small modular LNG plants are skid-mounted and therefore very fast to deploy and set up, think more like 6-9 months, not years.

All interesting stuff, Haggis. Though I couldn't actually work out how much such a train would cost to build.

However, the only reason for building such a plant in this case is for export. And if you want to export you need a deepwater terminal to get your LNG tankers into. And you will need a lot of gas to fill one - so even if you have a small throughput plant you will also need large storage facilities so you can hold a tanker load.

Which, I suspect, is why all the links I looked at were about using small scale LNG for domestic use, not for export - I doubt the sums add up. And not I suspect in countries which have just spend massive sums building a gas trunkline to help meet domestic needs.

Even if you could justify such a plant in economic terms, you would then have to justify it to the Tanzanian government, who have 57+tcf sitting waiting for a large scale LNG plant, and are busy looking at how to build one.

How likely are they in that situation to suddenly reverse their stated position that onshore gas is for domestic use? That may change in the future if the amounts of onshore gas become just too large - though they would probably prefer to export regionally via pipeline - but I see no reason why they would agree to export of small scale onshore gas that the will want domestically in a few years.

There may prove to be a role for the Linde type approach if the government decides to push for replacement of oil with LNG for motorised fuel. But that will be a project at TPDC level or above, and none of those happen very quickly, plus you would still have to build up the domestic LNG demand.

Peter

[ngms27] 03/3/2017 09:33

Ed, I'd be delighted if they announce they have deals with local industrial users and can put individual spurs in rather than going the TPDC pipeline route.

I'm certain that's what BLVN had planned but for some reason that's unknown why they pulled out.

[bunbooster2] 03/3/2017 09:32

- LNG investment decision at least five years away, maybe a lot more
- Statoil Tanzania chief says companies now focusing on onshore rather than offshore

[edgein] 03/3/2017 08:37

JonnyT,

There are apparently numerous industrial users of diesel that can benefit from much cheaper power, plus at the two gas to power plants coming on line next year. Also a vastly under-supplied domestic market as well as industrial. Again until the plans of the jvp are announced we could waste more time speculating what these will be. Perhaps you'll get more drilling, perhaps NT-2 will be sufficiently large at this point not to require more immediate drilling. We should hear within days now imo.

Regards,
Ed.

[ngms27] 03/3/2017 08:35

TheLung, it's not me whose the Mirror Man. Take a look yourself.

In the shorter term I'm looking for a thriller from NT-2.

[thelung] 03/3/2017 08:31

Keep waving to yourself in the mirror JonnyT

[ngms27] 03/3/2017 08:29

Ed, the thing is I don't have any argument that the demand will be large, my argument is how soon is now.

The boy with the thorn in his side.

[tmmalik] 03/3/2017 08:17

Some good progress leaked last nightSee the share price today back towards 7p

[edgein] 03/3/2017 08:15

JonnyT,

No it doesn't because the coal to power are imo longer term projects than the gas to power, they're not far beyond the MOU stage yet and perhaps a year or two off the construction phase. Also if Tanz ever reach the over powered stage that they're years off from that they can export more coal, gas or power. What it shows is that any coal to power project is being covered by the Chinese in Tanz as the future power demand and investment demand is vast.

Haggis,

I think that's the point that most are missing here, the jvp isn't massive, we've very few staff between the two companies so they're more flexible. A small gas to power plant to serve even the cement factory would be a meaningful step, it could quickly double current jvp production, there could be other industries here too also diesel fueled currently. Anything that helps to build up cash flow and reserves quickly for further appraisal drilling is meaningful for holders (anything that books NT-2 as 2P if successful is meaningful). But again we're heading down the road of more speculation without plans from the jvp. Again best to wait for those, as the plan may perhaps be further drilling that will please holders and non-holders alike. :)

Regards,
Ed.

[greatfull dead] 03/3/2017 07:56

Good morning Mr Haggis,

Your link in post #61521 is excellent. A very good read with lots of other links on Linde Engineering web site that I have yet to read up on on LNG plants. That I will do over the weekend.

Your link in post #61522 unfortunately opens but says page not found.

Thank you for posting both links, I will work on getting link #2 and try getting the page opened.

ATB,
GD

[haggismchaggis] 02/3/2017 23:30

Read the slides and you'll see there are plenty of LNG options out there that are cheap and quick to install, if TPDC fancied taking the small scale LNG direction to monetise Ntorya gas, depending on production levels of course.http://www.beg.utexas.edu/energyecon/abuja_07_workshop/small%2520scale%2520lng%2520projects%2520(Adjei-Boye).pdf

[haggismchaggis] 02/3/2017 23:03

Here's a fourth link to a small modular LNG plant. It can be built up to a midscale plant over time if required. http://www.linde-engineering.com/en/process_plants/lng-and-natural-gas-processing-plants/liquefied_natural_gas/small_to_midscale_lng_plants/index.html

[haggismchaggis] 02/3/2017 22:57

Small modular LNG plants are skid-mounted and therefore very fast to deploy and set up, think more like 6-9 months, not years.

[haggismchaggis] 02/3/2017 22:56

Greyingsurfer, I posted 3 links already, didn't you follow them?

[greyingsurfer] 02/3/2017 22:41

stick your other glasses on for peat sake, what do you think, any thing like 75% of 100mmscfpd would be worth? even if it wasn't untill 5 years time. No one is arguing that large scale production when it happens will not be valuable. The argument is about how soon it will happen. In 5 years? If you are talking about five years, then yes, possibly.Peter