How much does an LNG storage tank cost?

Introduction to LNG ISO Tanks: Types and Sizes

LNG ISO tanks are specialized containers designed for transporting liquefied natural gas (LNG) efficiently and safely. To meet rising demands in international trade, these tanks come with various customizable features and offer an effective solution for optimizing energy supply chains, especially in remote locations.

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Understanding LNG ISO Tanks

An LNG ISO tank is a tank container built according to ISO (International Organization for Standardization) standards for carrying liquefied natural gas in bulk. Made of stainless steel and featuring multi-layered vacuum-insulated pressure tanks, these containers maintain LNG at temperatures of -162 °C (-260 °F) with a maximum pressure level of 0.690 MPa.

Uses of LNG ISO Tanks

LNG ISO tank containers transport various liquids, gases, and powders and support different modes of transportation. Their design comprises multiple tanks supported by double-walled transport tanks, enhancing insulation and safety. The double-hull design includes separate ballast tanks, cofferdams, and voids to safeguard the integrity of the stored LNG.

Market Overview

The global market for LNG ISO tank containers is growing rapidly. Estimated at USD 159.1 million in 2021, it is expected to reach USD 264 million by 2028. The largest market region in 2021 was Europe, followed by North America. Leading market players include China International Marine Containers Co. Ltd and Singamas Container.

Types of ISO Containers

Here are the various types of ISO tanks available:

• Food grade (20ft, 40ft, 45ft): Suitable for foods like milk and beer.
• Silo (20ft, 40ft, 45ft): Ideal for transporting powders and grains.
• Swap body (20ft, 23ft, 24ft): Used for chemical storage.
• Reefer (20ft, 40ft, 45ft): Transports temperature-sensitive cargo.
• Gas (20ft, 40ft, 45ft): Carries industrial gases like LPG and heliox.
• Multi-compartment (20ft, 40ft): Transports various liquids and gases simultaneously.
• LNG ISO tanks (20ft, 40ft, 45ft): Specifically for liquefied natural gas.

Specialized ISO Tanks

Food-Grade Tank Container

Designed for temperature-sensitive cargo like milk, featuring stainless steel and mineral wool insulation for superior thermal performance.

Silo Tank Container

Made of high-grade steel, these tanks transport grains and powders like maize and cement and are coated with a UV-stabilized outer layer.

Swap Body Tank Container

Suitable for hazardous, non-hazardous, and food-grade bulk liquid cargo. These tanks accommodate volumes up to 35,000 liters and maintain temperatures up to +130°C.

LNG ISO Tank Container

These tanks are ideal for LNG transportation, featuring high vacuum insulation, stacking capability, and versatile pipework options. Working pressures range from 100 psi to 10 Bar.

How Much Does an LNG Storage Tank Cost?

The cost of LNG ISO tank containers varies based on location and type. Here are some average prices:

• 20 ft LNG ISO Tank: USD 10,000
• 40 ft Cryogenic LNG ISO Tank: USD 50,000 – 52,000
• 10 ft Low Pressure LNG ISO Tank: USD 8,000 – 42,000
• 40 ft LNG ISO Tank: USD 54,000 – 56,000
• 45ft LNG ISO Tank: USD 33,000

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LNG ISO Tank Specifications

LNG ISO tanks come in different specifications to meet various transportation needs. The most common ones are:

• 20 ft LNG ISO Container: 22,000 L capacity, 55°C design temperature.
• 40 ft LNG ISO Container: 25,000 L capacity, 55°C design temperature.
• 20 ft Standard Cryogenic LNG ISO: 20,200 L capacity, 55°C design temperature.

These specifications ensure safe and cost-effective delivery of LNG to end-users far from LNG supply sources.

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Safety Considerations

Handling LNG requires stringent safety protocols due to its flammability. Here are some key safety tips:

• Avoid smoking near tanks, especially during filling and discharging.
• In case of a leak, remove ignition sources and ensure adequate ventilation.
• Do not seal the vessel containing LNG to prevent pressure build-up, which can cause injuries or equipment damage.

Conclusion

If sourcing LNG ISO tanks seems daunting, platforms like xChange can make the process seamless. You can buy, lease, or sell ISO tanks in over 2500 locations globally, aided by a secure payment system and real-time container tracking.