LNG Study

Leverage reliable, normalized comparisons of your LNG processing train performance, both internally and relative to industry top performers. 

Solomon’s Worldwide Liquefied Natural Gas Processing Plant Performance Analysis (LNG Study) provides operators with actionable insight to improve their performance in a sustainable manner through identifying and quantifying the improvement opportunities relative to best performers and selected peer groups. Performance is assessed across the following areas:

  • Availability and Utilization
  • Operating Costs
  • Turnaround (T/A) and Non-T/A Maintenance
  • Energy and Emissions
  • Personnel
  • Safety
  • Material Balance

What Does Sustainable Performance Look Like?

Solomon's Worldwide Fuels Refinery Performance Analysis (Fuels Study) identified a group of World’s Best performers that demonstrated a consistent balance between a set of key performance indicators (KPIs) that enabled a sustainable, top-quartile profitability performance. The data showed that there is no company in the top quartile on all indicators. A careful balance of KPIs delivers the best result. This balance of characteristics creates the reference for performance comparison in the LNG Study and Solomon’s other benchmarking studies. Figure 1 shows an example of sustainable performance in terms of annualized asset availability, Non-Maintenance Personnel Efficiency Index (nmPEI®), Maintenance Cost Efficiency Index (MEI™), and Maintenance Personnel Efficiency Index (mPEI®).

Figure 1. Solomon Experience from Pacesetters

How We Can Help

Study participants leverage study results to drive operational excellence and enable success. Our experienced advisors help guide clients through all the steps necessary to accelerate the realization of benefits by:

  • Providing proven strategies to maximize study results insights.
  • Employing rigorous processes to ensure the data is accurate and consistent with methodology through:
    • Comprehensive instructions and training for all data coordinators and sponsors.
    • Guidance during the data collection phase and addressing questions quickly when they arise.
    • Rigorous review of client data.
  • Conducting detailed on-site study results presentations to operations leadership and stakeholders.
  • Enabling the organization to perform in-depth analyses via electronic copies of benchmark and gap analysis data. Detailed electronic files contain the comparison data points across peer and performance groups.
  • Providing additional training upon request on the use of study data to drive improvement.
  • Offering additional competitive gap closure assistance.

Learn More & How You Can Participate

Obtain a clear picture of your competitive position with data-driven, actionable insight. Make informed decisions and justify your strategies and improvement projects.

Join the LNG Study to leverage study results to drive operational excellence and enable success.

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The 2020 LNG Study identified average availability improvements of

54%

and average operating cost reductions of

25%

as a percentage of Non-Energy Operating Cost.

“Insights have been very helpful and will be put to good use in our planning process. Solomon identified cost reductions (maintenance, personnel, other fixed costs) up to 50M USD/yr and potentially another 10–20M USD/yr in margin from energy reduction and mass balance improvement.” LNG OPERATOR

Why Solomon?

The LNG Study helps answer important questions, including:

  • How competitive is my operation?
  • Given my plant configuration, how efficient are my processing trains?
  • How does my asset utilization, reliability, and maintenance costs compare to the top performers?
  • What is the value of closing my performance gaps?
  • How do I judge the performance of joint-venture partner operators?

 

Study Deliverables

Key study results are presented in a company-specific presentation and a set of electronic data tables:

  • The presentation file provides insights on performance versus the industry leaders and performance peer groups.
  • The results files provide data on companies’ and peer group’s performance site-wide, and on an individual train and compressor/driver level to identify and quantify opportunities supporting the development of improvement plans.
  • Results include performance indices and comparative rankings to peer groups.
  • The study includes one presentation to be given at a site of the participant’s choosing.

Closing Performance Gaps

What gaps do you struggle to close? What quick and near-term actions will have the biggest impact on performance excellence and profitability? We know what good looks like… and how to get there.

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Data Quality, Benchmarking Methodology

A Foundation for Effective Comparative Performance Analysis and Decision Support

We prioritize the integrity and confidentiality of participant-submitted data and rigorously review that data before benchmarking begins. Then, we employ our normalization process and benchmarking methodology to provide valuable and trusted peer group comparisons that deliver meaningful KPIs. Finally, our staff of senior consultants apply their deep industry experience to develop practical insight and recommendations to enable your success.

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