LNG

Driving business growth for LNG facilities through improved data accuracy

Sigmafine’s robust data reconciliation engine validates raw plant measurements, serving as a validation checkpoint between a facility’s raw process data and its information personnel.

lng

Improve production data consistency, quality, and traceability to maximize growth and achieve operational efficiency.

The liquified natural gas (LNG) industry is emerging as one of the fastest growing segments in the energy space. As LNG plants strive to meet the increasing demands of the market, they’re recognizing the important role data validation and accuracy play in making informed business decisions that drive growth.

production accounting

Production Accounting

Perform mass, volume, and energy balance showing the entire site in a single view

production allocation

Complex Production Allocation Management

Allocating volume and energy according to even the most complicated ownership structures.

composition-tracking

Composition Tracking

Up-to-date estimates of materials stocked in inventories or fed to process units. Estimates can be calculated daily or even hourly, empowering operations teams to fix production deviations quickly.

performance monitoring

Performance Monitoring

Early detection of process deviations and measurement errors allowing users to more accurately estimate, monitor, and control site losses.

energy management

Near Real-Time Energy Management

Accurately monitoring energy-intensive equipment is critical to improving usage and decreasing emissions.

compliance

Compliance Reporting

A single source of truth, allowing users to automatically transfer data to business systems and databases.

Supported Applications

Sigmafine’s flexible modeling and data analysis capabilities make it ideal for:

  • Accounting for and allocating production within complex joint ventures or multi-affiliate sites
  • Monitoring plant and equipment performance
  • Managing energy
  • Validating environmental data
  • Tracking the composition and quality of materials

The Benefits of Improved Data Quality

Improved data quality in the LNG industry can facilitate:

  • Production allocation based on corporate structure
  • Accurate royalties calculations based on a balanced production account statement
  • Stock loss reduction due to improved inventory balancing within the overall mass balance
  • Accurate meter technology evaluation

The Business Impact of Implementing Sigmafine

Sigmafine provides LNG facilities significant opportunities for business and operational improvement, including:

  • Validating process data quality
  • Optimizing meter accuracy by identifying and reducing measurement bias and drifts
  • Applying constraints to balance energy contents and assess gains and losses
  • Tracking natural gas composition levels and energy output quality
  • Allocating volume and energy according to even the most complicated ownership structures
  • Creating ad hoc solutions to support tank management, inventory reporting, LNG calculations, compliance reporting, and more

On top of delivering these benefits that drive operational excellence, it’s been estimated that Sigmafine has a payback period of less than 6 months – a critical value proposition for customers who are tightening resources to stay competitive.

Sigmafine References in LNG

Cheniere - Relying on Sigmafine Data Software

Customer: Cheniere Energy, Inc.

Title: Cheniere: LNG Production and Inventory Accounting on an Energy Basis

Prepared by: Matthew Carlson, Production Engineer, Cheniere Energy, Inc.

Abstract: Cheniere is able to add meaning and context to the disparate data in their LNG facilities to increase the value of their assets with the help of Sigmafine.

Learn More

Qatargas

Customer: Qatargas Operating Co. Ltd.

Title: Sigmafine underpinning Allocation Success within the World’s largest LNG Company: Lessons Learned

Prepared by: Bhavin Maheta - Senior Hydrocarbon Accounting Engineer, Qatargas Operating Co. Ltd.

Learn More

Resources

 Applying Sigmafine in LNG and Related Industries

Pimsoft Report: Overview of the Sigmafine LNG Extension
Used for: LNG, LPG industries for energy and volume balancing
Benefit: Estimation of LNG physical properties; energy balance

 LNG Solution Brief

LNG

Driving business growth for LNG facilities through improved data accuracy

Sigmafine’s robust data reconciliation engine validates raw plant measurements, serving as a validation checkpoint between a facility’s raw process data and its information personnel.

Carlos Quintana

Carlos Quintana
Industry Principal for LNG
Pimsoft
Houston

Americas & APAC

Pimsoft Inc.
757 N. Eldridge Parkway, Suite 725
Houston, TX, 77079,  USA

Phone: +1 (281) 920-9196
Fax: +1 (281) 754-4421

EMEA

Pimsoft S.p.A.
Corso Stati Uniti, 35
10129 Turin, ITALY

Phone: +39 011 5625213
Fax: +39 011 5637744

© 2021 Pimsoft. All rights reserved. Sigmafine®, SigmafineHub®, and SigmafineVisualizer®are registered trademarks of Pimsoft. All other trademarks or trade names used are the property of their respective owners.

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