Submitted:
29 April 2026
Posted:
30 April 2026
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Abstract
This study evaluates the techno-economic feasibility of LNG regasification alternatives, including offshore platform conversion, floating storage and regasification unit (FSRU) retrofit, and onshore LNG terminals, under conceptual design conditions at a capacity of 100 MMSCFD. The analysis integrates cost estimation, project schedule, and technical maturity within a multi-criteria decision-making framework based on the Analytic Hierarchy Process (AHP), combining quantitative techno-economic results with expert judgment to support structured comparison of alternatives. Cost estimation is conducted using two approaches, namely cost–capacity scaling and analogous estimation, to examine their influence on feasibility outcomes. The results indicate that the conventional scaling method, using an exponent of 0.6, produces inconsistent results across configurations, overestimating costs for offshore-based systems while underestimating costs for onshore LNG terminals. Back-calculation of effective scaling exponents yields values of approximately 0.43 for offshore platform conversion, 0.37 for FSRU retrofit, and 0.78 for onshore LNG terminals, demonstrating that cost–capacity relationships are configuration-dependent and cannot be represented using a single uniform exponent. The AHP evaluation, conducted under two scenarios based on the applied cost estimation methods, shows that offshore platform conversion consistently achieves the highest feasibility ranking, followed by FSRU retrofit and onshore LNG terminals. While the ranking remains unchanged, the choice of cost estimation method influences the magnitude of score differences, affecting the strength of preference among alternatives. These findings highlight the limitations of conventional scaling approaches and demonstrate that offshore platform conversion can serve as a cost-competitive and time-efficient alternative for LNG infrastructure development, particularly in regions with existing offshore assets.