Industry Report LNG산업 OVERWEIGHT 천연가스와 …

1 LNG OVERWEIGHT Analyst 02) 3787-2411 LNG , Big Cycle ! LNG LNG Big Cycle . IEA 2011 6 ?(Are we entering a golden age of gas?) 3 . 8 t c m 2 0 3 5 5 . 1 t c m , 2 1% 2 5 % . 2030 . LNG L N G B i g C y c l e .. 1 ) (S h a l e g a s ) , 2 ) , 3 ) LN G L NG , 4 ) . ( p 10 ~ 1 4 ).

2 LNG , 1 ) : L N G A P C I C 3 - M R L N G 9 5 % . E P C JG C , C h i y o d a , KB R , B e c h t e l , T e c h n i p . , , . L N G ( , ) .. 2) : feed stock 1 , ( H R S G ) 2 . 50 % 4 0 % , 3 6 % . HR SG , . H R SG . L NG , , L NG ( ).

3 HR SG . L NG .. 1 ) , , , 2 ) , , , , , S & T C , 3 ) , , 4 ) F i t t i n g , 5 ) H R S G , B HI , , S & TC , 6 ) L N G ( , ) , ( ) . 2011 07-21 Industry Report 2012. 02. 03 2 (000270) (005680) Industry Report LNG, Big Cycle ! ? , . L N G B i g C y c l e . I E A 2011 6 ? ( A r e w e e n t e r i n g a golden age of gas?

4 2035 5 . 1 t c m , 2 1 % 2 5% . 2030 . L NG L NG B i g C yc l e .. 1 ) (S h a l e g a s ) , 2 ) , 3 ) L NG L N G , 4 ) . (p10~14) . LNG . LNG L N G , , L N G ( ) , , , , . HR SG . L NG .. 1 ) , , , 2 ) , , , , , S & T C , 3 ) , , 4 ) F i t t i n g , 5 ) H R S G , B HI , , S & TC , , 6 ) L N G ( , ) , ( ).

5 L NG < 1 > . EPC , , L NG L NG E PC , L NG ( , , ) , , , . L N G LNG 2011 5 LNG . 2013 . 3 Analyst 02) 3787-2411 / < 1> LNG Value Chain Operation Transocean, Noble Drilling, Diamond Offshore, Halliburtion, Schlumberger, Bake Hughes , , Keppel, Sembcorp marine / National oilwell varco, Aker Solution Subsea , AMEC, Acergy, Aker Solution, McDermott International, Subsea7, Bouygues Offshore, FMC LNG FPSO, CPF , , EPC.

6 Chiyoda, JGC, KBR, Technip, Saipem, Bechtel : , , , S&TC, , , Fitting : , : , GE, Alstom, Siemens, Mitsubishi, Rolls Royce, Kawasaki LNG GE, Alstom, Siemens, Mitsubishi LNG LNG , , EPC : , , , S&TC, , , Fitting : , : , LNG FS RU , , EPC , , HRSG , , BHI, , S&TC, , , NEM, Deltak, CMI, VPI GE, Alstom, Siemens, Mitsubishi , GE, Alstom, Siemens, Mitsubishi, Hitachi, Toshiba, ABB : HMC : CPF Central Processing Facility, FPSO Floating, Production, Storage and Offloading Vessel, FS RU Floating Storage and regasification unit.

7 Subsea Subsea Production Tree, Well head, Subsea Umbilical, Riser, Flowline, , 4 (000270) (005680) Industry Report LNG LNG( ) ? LNG LNG(Liquefied natural gas) (CH4) . L NG , , 600 1 , 162 .. L NG P NG ( ) , , , . L NG , , 5 0 % ( 4 0% ).

8 L NG . LNG LNG LNG 2011 250 . 2020 6 0 % . L N G , , , , , . < 1> LNG L NG ( L N G 3 7 0 ) 1 5 . L N G 2 0 1 1 5 1 L N G . 4 4 L N G 1 . LNG 2015 6% , 2012 ~2015 3 60 . 8% , 3 100.

9 < 2>, < 3> 2014 Gorgon LNG LNG 8% . LN G . 5 Analyst 02) 3787-2411 / < 1> Trade : BG Group, HMC < 2> LNG < 3> 8% 3 98 64671077885193010142004006008001,0001,20 005 06 07 08 09 10 11 12 13 14 156% 8% 10% 12% 14% 16% ( CBM)2010 483 cbm2015 ( cbm) ( ) 6% 163 58 8% 227 98 10% 295 142 12% 368 188 14% 447 238 16% 531 291 : , , HMC : cubic meter = metric ton : , HMC : 2011~2015 6 (000270) (005680) Industry Report LNG , LNG (LNG liquefaction plant) LNG 3 L NG 1 (G a s P r o d uc t i o n) , 2 (G a s C o ndit ioning), 3 (G a s P r oc es s i n g ) 3.

10 < 4 > 1 : 1 (Gas Production) , . Open Technology . , .. 2 : 2 (Gas Conditioning) (Sweeting) (Dehydration) . (H 2 S ) , (C o 2 ) , ( Am i n e ) . , (molecular sieve) . (Zeolite) , . 3 : 3 (G a s P r oc e s s i n g ) LN G.