Lanner, TSG to work on LNG simulation tools

Lanner, a provider of simulation software formed a strategic partnership with Australia-based TSG Consulting to service rising demand in Asia Pacific LNG sector.

With Australia set to become the world’s second largest exporter of LNG, demand for tools which can scope and validate key decisions and planning processes across a project is escalating, Lanner said in a statement.

The complex and capital-intensive nature of LNG projects means that companies must factor in a host of factors in order to ensure that risk is removed and returns can be forecast accurately. While some of these factors, such as volumes and orders, are fixed, many, such as values on the open market, shipping conditions such as weather, are variable. This heightens sensitivity to risk and makes comprehensive planning and forecasting difficult, if not impossible without the right tools.

Image: Woodside