Trelleborg’s marine systems operation and leading Australasian engineering consultancy, Synertec, have announced a strategic partnership to meet the global demand for more accurate and efficient LNG custody transfer. Under the new agreement, Trelleborg will distribute Synertec’s industry leading LNG custody transfer system across its global sales network.
LNG custody transfer, the transfer of the ownership of LNG from one organization to other, has long involved fiscal risk given significant uncertainties in traditional tank measurement. Quantities are invoiced in units of transferred LNG based on a calculation of volume, density, and gross caloric value. However, measurement inaccuracies have a significant financial impact for both exporters and importers. For instance, just a one percent error in LNG transferred can result in a significant loss of revenue due to misallocation during custody transfer.
Synertec’s automated custody transfer system, which is ISO 6974, ISO 8943 and GIIGNL (2017) compliant, ensures the precise measurement of loaded LNG, removing the potential for substantial financial losses across the industry and the need for extensive laboratory testing. Used to great success across many high-profile LNG projects across Australasia, the transfer system is a skid mounted module suitable for all LNG applications.
Richard Hepworth, President of Trelleborg’s marine systems operation, said: “With more LNG capacity coming on stream year on year, we are seeing increasing demand not just for large scale transportation of cargoes but also for more FSRU applications and, of course, the growth of LNG fuelling for marine vessels. All of these applications have one key requirement in common – the safe, efficient and timely transfer of LNG from one tank system to another.”
Michael Carroll, Managing Director of Synertec, said: “We’ve built a strong reputation across Australasia and now, boosted by the global reach of Trelleborg, we look forward to meeting the global demand for more accurate and efficient LNG custody transfer.”
Image courtesy of Trelleborg