Pcore Energy is a company dedicated to bringing innovative power solutions to developing countries. Power demand in the developing world is under-served. While Liquefied Natural Gas (LNG) supply is abundant and growing, there are many challenges in providing the amount of power that is needed. Pcore’s integrated LNG to power technology brings power where it is needed, reducing political and other risks by virtue of it’s mobility.  Click to read more.

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.

Learn More

LNG for Africa (Anne-Sophie Corbeau, KAPSARC)
Financing issues, market conditions, and market size has traditionally worked against LNG imports in Africa. Global LNG oversupply is now forcing sellers to look for alternative markets. The majority of African projects considered are considering FSRU based solutions. Financing and political uncertainty remain key risks.

LNG for power in small emerging markets (Haug & Cumberland, Arctas Capital Group)
Examines why most LNG is delivered to OECD or very large developing markets, rather than many of the place where its impact would be greatest – smaller developing countries with few indigenous fuels and challenging financing conditions. Explains why floating structures are superior in this context.

Progressing up the mountain of LNG (Stokes, Spinks, & Rogers, Timera Energy)
Discusses the global LNG oversupply problem facing the market at the moment, and why it will get worse in the years ahead.

Key electricity trends (International Energy Agency)
Contrasts the electricity demand growth rates in OECD and non-OECD markets.

LNG markets conducive to “Gas to Power” in Africa (Moore, Dwyer, & Meledo, Mayer Brown)
Discussion around the various factors (FSRU, portfolio suppliers, oversupply of LNG) that have contributed to a market where LNG as a source for power in Africa has become viable.