Bishop Process
The Technology is Right
CGI's patented and patent pending methods and apparatuses provide a simple, one step process to pump LNG up to cavern compatible pressures, warm the LNG to compatible temperatures, and directly inject the inventory into salt caverns. Ship unloading can be accomplished miles from the storage caverns, providing further security and siting flexibility. Gas to be stored in salt caverns can be sourced from pipelines and/or LNG tanks or ships providing for a dual use facility that has great economic utilization regardless of the source of gas.
The Time is Right
LNG importation is projected to grow in North America and Europe. The growing global market for natural gas will be characterized by flexibility in both sourcing gas and marketing gas. Salt cavern gas storage combined with LNG receiving and storage provides unparalleled flexibility in moving gas to market and optimizing its value.
The Locations are Right
In North America there are more than two thousand caverns storing hydrocarbons without leakage, loss or change of composition. Salt formations suitable for LNG receiving terminals are found offshore and in coastal areas of Canada, USA, Mexico, Great Britain, Europe, and China. The Gulf of Mexico is particularly rich in salt formations and has an extensive energy infrastructure. LNG import locations in proximity to multiple gas pipelines offer trading options and the commercial advantage of large volume send-out capacities.