Remote Stranded Gas Assets News

Despite the present economic woes, the Floating Liquefied Natural Gas (FLNG) business is underpinned by compelling long-term fundamentals and is poised to become a major growth sector, with forecast expenditure of $23b expected over the period to 2016, according to Douglas-Westwood. Announcing the results of, “The World FLNG Market Report 2010-2016”, Douglas-Westwood’s latest study, at the Commercializing FLNG Conference in Singapore, Steve Robertson stated that, “The last twelve months have been difficult for the sector, however, any delays in project sanctioning have largely been attributed to the project structures and changes in upstream partners rather than any technology gaps.