Solomon Benchmarking

LNG Processing Plant Study

Solomon’s LNG Study lets you compare your performance to that of other companies on the basis of size, feedstock, age, and region. You can also see how you measure up against the industry’s best performers.

Designed to assist your company in comprehending the activities and trends of today’s gas processing industry, Solomon’s Worldwide Liquefied Natural Gas (LNG) Processing Plant Performance Analysis (LNG Study) informs you on the status of your plant in all key performance areas, providing you with valuable information on which you can base performance improvement efforts. Our ever-expanding database currently contains data for more than 45 plants worldwide.

Why Choose Solomon's LNG Study?

Solomon relies on its proven Comparative Performance Analysis™ (CPA™) proprietary methodology to normalize facility data so that valid comparisons between plants can be made. This unique and patented methodology provides participants with the visibility to see what the operations of a top-performing gas plant look like. Understanding where your plant performance excels and falls short compared to others within the industry can help guide you in improving future operations.

The LNG Study also allows you to compare your plant’s operations and maintenance costs with other plants on a common basis. Typical industry comparisons do not consider the complexity of operations, leading to unreliable benchmarks. By normalizing performance using Solomon’s EDC® metric, the LNG Study provides valid comparisons to other plants with varying facility configurations.

How It Works

Understanding where your plant performance excels — and falls short — when compared to others within the industry helps guide you in improving future operations. Solomon’s LNG Study analyzes the following aspects of your facility:

  • Process unit types and capacities
  • Utilizations and availabilities
  • Maintenance labor, equipment, and materials
  • Non-maintenance personnel, including contractors and allocated staff
  • Other non-personnel expenses
  • Energy consumption and costs

The study examines a plant’s operating and maintenance expenses, process unit utilization and reliability, energy consumption, and staffing requirements to help determine whether maintenance expenditures are contributing to reliable operations that are on par with the rest of the industry. The study also measures energy efficiency to help determine whether joint-venture partners are operating effectively. Study results can be used to formulate optimization plans to eliminate shortfalls, establish performance targets, and measure progress using Solomon metrics.