Energy, Oil & Gas Magazine Issue 222 September 2024 | Page 8

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New possibilities

Nathan Tungseth , Senior Vice President of LNG at ABB , shares insights into the challenges and opportunities of eLNG
Could you tell me about your career history , and its evolution to your current role ? I graduated from the University of Central Florida with a degree in mechanical engineering , before joining Siemens Westinghouse in their Power Generation division . Working with turbines and generators quickly led me into the oil and gas sector , which is when I moved to ABB . I ’ ve been with ABB since 2006 and have spent a lot of time in Alaska working on the North Slope and Alyeska Pipeline . In 2011 , I moved to Houston where I held several roles , including global account manager for Chevron and managing our oil and gas strategic accounts team . For the past seven years , I ’ ve been focused on the LNG industry , managing teams to execute major projects around the globe .
Tell me more about the LNG segment at ABB and where your role fits in with the overall business ? ABB has more than 50 years ’ experience in providing electrification , automation and digital solutions to the LNG industry . Our LNG portfolio sits within our Energy Industries division , which is enabling the growth and integration of lower carbon energy systems , while diversifying and optimizing existing systems . I am responsible for developing and leading ABB ’ s strategy and portfolio management in the LNG industry for both liquefaction and regasification , and onshore and floating .
You spoke at CERAWeek and LNG Export about the future of LNG – can you share the main points of your presentation ? At CERAWeek and LNG Export , I talked about the importance of the world being ready for the unprecedented growth of LNG and , importantly , how we can navigate the challenges and opportunities of eLNG , which we define as all electric LNG .
From late 2024 , the global LNG market will see an unprecedented wave of new liquefaction projects coming online . This will be the fastest capacity growth in the LNG industry ’ s brief history , representing a 40 percent increase in just five years , according to the Institute for Energy Economics and Financial Analysis ( IEEFA ). The LNG industry is on track to add almost five times as much new liquefaction capacity from 2025-to- 2028 compared to the previous four-year period .
While many advocate for a move away from all hydrocarbons , the reality is that the
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