Honeywell’s UOP will collaborate with Malaysia’s national oil and gas company, Petroliam Nasional Berhad (PETRONAS), on natural gas processing technology. The joint development program is focused on technology to overcome challenges faced by producers of liquefied natural gas (LNG), as they seek to monetize natural gas more economically by moving gas processing from onshore facilities to ships that will moor closer to offshore gas fields.
The program will center on advanced carbon dioxide (CO2) absorption technology to improve the reliability of equipment used to remove contaminants from natural gas before it is liquefied, while also reducing the weight and footprint of the equipment onboard ships. Technical improvements developed to better meet LNG specifications may also be deployed in the next generation of onshore and offshore gas processing equipment.
Natural gas is the world’s fastest-growing fossil fuel, with annual consumption expected to reach 160 trillion cubic feet by 2035. Nearly 35 percent of the world’s demand growth for natural gas during that time will come from Asia, according to the U.S. Energy Information Administration.