What We Do
Pcore Energy develops innovative LNG to power solutions that solves most problems associated with infrastructure development in the third world. Our target markets are high risk, high demand growth regions where we can deliver power cheaper while taking on less risk than conventional solutions. We do this by integrating LNG storage, regasification facilities, and combined cycle power generation on one floating facility.
Opportunity / Challenge / Solution
Power demand in the developing world is under-served. Conditions such as limited resources, risky political environment, expensive development environment, high economic growth, and others, have all contributed to pent-up demand unmet by supply. Nevertheless, demand for power in the developing world is growing faster than 6% per annum, while OECD power demand is flat-lining.
LNG supply is abundant and growing. Australia alone has invested $180 billion in liquefaction in the past decade. The LNG market is projected to be oversupplied for years to come. And it’s not just land based plants; FLNG technology enables development of stranded gas fields in remote locations, making previously uneconomic projects viable.
Challenges abound for conventional LNG to power in the developing world, however. Compounding political and security risks are interface risks between the power plant project and the LNG regas project, and a complex environmental permitting process.
Pcore’s LNG power facility is the solution to these problems. Political and credit risks are greatly reduced thanks to the mobility of the asset. Project interface risk is eliminated since the whole value chain is wrapped up in one project. Construction risk is lower thanks to shipyard construction, and shipyard construction with off-the-shelf parts makes it cheaper than a land based power plant paired with an FSRU.