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Optimal Liquefied Natural Gas (LNG) Annual Delivery Program Reflecting both Supplier and Customer Perspectives by Dnyanesh Deshpande; Mohd Shahrukh; Rajagopalan Srinivasan; I.A. Karimi is a book available to read on EtoBox.

What is Optimal Liquefied Natural Gas (LNG) Annual Delivery Program Reflecting both Supplier and Customer Perspectives about?

Liquefied Natural Gas (LNG) is a convenient way of storing and transporting natural gas. Traditionally, LNG is traded via Long Term Contract (LTC) signed between the suppliers and the customers. But recently share of the spot market has increased significantly. This makes the development of a suitable delivery strategy of LNG shipments complex for the supplier. Therefore, the supplier develops an annual schedule of delivery for the upcoming year known as the Annual Delivery Program (ADP). In this paper, we present an ADP planning problem for an LNG supplier. A mixed-integer linear programming (MILP) model is developed with the objective to minimize the cost of delivering LNG shipments.

Author

Dnyanesh Deshpande; Mohd Shahrukh; Rajagopalan Srinivasan; I.A. Karimi

Publisher

Elsevier - Health Sciences Division

Published

2022

Language

EN

ISBN

9780443187261

Subjects

Business, Engineering, Stem