Optimal planning of liquefied natural gas deliveries

The authors investigate the problem of designing an optimal annual delivery plan for Liquefied Natural Gas (LNG). This problem requires determining the long-term cargo delivery dates and the assignment of vessels to the cargoes while accommodating several constraints, including berth availability, liquefaction terminal inventory, planned maintenance, and bunkering requirements. The authors describe a novel mixed-integer programming formulation that captures important industry requirements and constraints with the objective of minimizing the vessel fleet size. A peculiar property of the proposed formulation is that it includes a polynomial number of variables and constraints and is, in the authors' experience, computationally tractable for large problem instances using a commercial solver. Extensive computational runs demonstrate the efficacy of the proposed model for real instances provided by a major energy company that involve up to 118 cargoes and a 373-day planning horizon.

Language

  • English

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Filing Info

  • Accession Number: 01608737
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jul 22 2016 4:24PM