The global liquefied natural gas (LNG) market is always volatile, influenced by economic, financial, fiscal, political, and logistical factors. To meet these challenges and the growing demand for cleaner fuels, LNG producers can be prepared to satisfy markets by prioritizing operational excellence. 

Synonymous with cost efficiency and minimizing production losses, operational excellence allows LNG producers to optimize operating costs without compromising safety or output. It allows LNG producers to increase margin, even in challenging times.

Minimizing production losses is a critical success factor in a global market where margins can be tight. Unplanned downtime and inefficient production processes result in lost revenue and increased costs. Planned train turnarounds that overrun or exceed budget also significantly impact margin. By combining cost efficiency with minimized production and turnaround losses, LNG operators can meet their contractual commitments without compromising safety and at optimum cost.

As with other oil, gas and petrochemical subsectors, operating safe and reliable operations remains a priority.

Scalability is a success factor for many LNG producers. As gas fields are developed, the ability to add additional trains whilst minimizing the additional operating cost naturally improves profitability. Effective scaling ensures that LNG trains can accommodate growth with minimum increase in resources for operations, maintenance, procurement, supply chain and other services.

LNG is recognized as a cleaner alternative to other hydrocarbon fuels, offering a stepping stone on the journey to net zero. LNG producers can play their part in the transition by ensuring their operations maximize their output safely and at the right cost.