Due to the war in Ukraine at least one LNG tanker has arrived in Europe from Australia.
I wondered how much LNG (>90% methane) was on that ship, and what profit the oil and gas cartel were making. And how much CO2 would be generated.
What numbers do I need?
1. Volume of LNG transported on the European shipment:
174,000 cubic metres
2. Temperature of storage of LNG:
-163.5C
3. Density of LNG at -163.5C:
426kg per cubic metre (about 43% of the density of room temp water)
4. Because LNG is sold by its energy capacity in gigaJoules (10^9 Joules):
16grams LNG yields 890kJ of energy
(1kJ is10^3 Joules and converting kJ to GJ implies dividing kJ by 10^6)
5. CO2 emissions:
16grams of LNG yields 44grams of CO2
So, on that LNG tanker, using that data:
Weight of LNG: 74,124 tonnes
Energy content of that weight: 4.123mill GJ
CO2 emissions: 203,800 tonnes
Now lets get down to money making. The spot price of LNG is through the roof. Transactions are in $US, and I will assume:
Spot price: $US25 per GJ
Cost of production: $US6 per GJ
Profit: $US19 per GJ
Total profit on shipment of 4.123mill GJ:
$US78.3mill
Note that oil and gas cartel use antiquated energy units of mmBTU = 1.055GJ
Note that for transport within Asia about 6% is lost in off gases, often used to help power the ship. More will be lost in transit to Europe.
Note for simplicity I have assumed LNG is 100% methane - approximately correct
View attachment 1579829
I can't see where you added the emissions involved in turning the gas from "gas " to liquid.
LNG is a terrible idea.
Many organizations that announce their emissions use a standard emission's factor for natural gas, and don't differentiate whether its LNG transported by ship, or just NG from a pipeline.