Next Wave of FLNG Projects on the Horizon
There will be significant growth in both investment and activity in the FLNG market over the next seven years, with Douglas-Westwood (DW) forecasting total expenditure of $58.3 billion in its new market report. Sixty-one percent of this spend is attributed to liquefaction infrastructure, with the remainder from import and regasification facilities. Report author, Ben Wilby, commented, “The industry is about to see the installation of the first floating liquefaction projects. The application of LNG technology offshore has been proposed and studied within the industry for more than 30 years so there is intense industry interest in the first applications. The success of these first pioneering projects will no doubt impact future commitments by operators to FLNG developments.
New Offshore LNG Report Launches at Gastech 2012
Infield Systems unveil its 'Offshore LNG Market Report to 2018' at the Gastech Expo in London. The launch of this report at Gastech 2012 coincides with a particularly exciting time for this sector of the offshore oil and gas industry, following Shell's announcement that it has sanctioned the world's first floating LNG project, Prelude. It is widely expected that this will mark the beginning of a more widespread use of this potentially market changing technology. Infield Systems' latest Offshore LNG report analyses the value of the sector and the drivers for floating liquefaction and offshore regasification; as well as providing a regional…
FLNG Market on Cusp of Stellar Growth
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.
