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illions of dollars will be invested in LNG infrastructure
to meet growth requirements within the next few
years. Even now, where there is excess LNG installed
capacity, the current expansion underway will pay itself off
quickly, as the consumer’s market for clean-burning energy
increases and even outpaces all other fossil fuel sources.
This growth is not only driven by a surging consumer
market, but also by technical and commercial factors that
ultimately result in lower CAPEX and/or OPEX for producing
LNG.
One of these cost-reducing factors is improved
technology. For example, great effort is currently being
expended to make production assets more
Michael Hastings, Brüel & Kjær Vibro GmbH, Denmark,
examines
how today’s condition monitoring technology has evolved to
contribute significant value to LNG production assets.
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