In recent years the floating liquefied natural gas (FLNG) business has rapidly grown and is now at the forefront of offshore industry focus. The second edition of this major report, by energy analysts Douglas-Westwood, brings together in one document a clear review of the current and future prospects, technology concepts and markets forecasts for expenditure in the FLNG sector. The report addresses both the floating regasification and the floating liquefaction vessel markets and quantifies the size of the opportunity in volume and value. The business is poised for substantial growth, particularly within the liquefaction sector, and is forecast to be worth $7.4b by 2016.
The IEA forecasts annual growth in natural gas supply will average 1.6% from 2006 to 2030. By 2030, natural gas will account for 23% of total worldwide primary energy supply. The difficulties in progressing onshore projects in LNG has driven the adoption of FLNG which now offers an increasingly important method of bringing gas from stranded reserves to the market.
The report is unique in providing a complete overview of both floating liquefaction and regasification concepts.
The report identifies by region and thoroughly discusses on a country-by-country basis the current and future prospects for floating LNG Liquefaction and Regasification terminals to 2016.