Stranded Gas Deposits News

The Floating Liquefied Natural Gas (FLNG) business is now rapidly developing into a sector of major significance and will be worth $8.5b by 2015, according to a new study published by energy business analysts Douglas-Westwood. The World FLNG Market Report 2009-2015 considers the market for both floating liquefaction and regasification and identifies the desire to monetize stranded gas deposits. Escalating construction costs and high local opposition to onshore LNG facilities coupled with geopolitical issues are the key drivers of the sector at present. Announcing the new study at the recent Global Floating Production Systems Conference…