Floating Liquefied Natural Gas Comes of Age

There are already many floating liquefied-natural-gas (LNG) receiving terminals operating successfully in the world. The economics of floating LNG (FLNG) is compelling. Major cost savings can be achieved by the streamlining allowed by FLNG processes. There are also intangible cost savings, such as increased efficiency owing to construction of the entire system in a shipyard, improved material and manpower logistics, and shorter project duration.

Introduction

Global LNG trade is expected to more than double by 2020. As consumers and governments around the world recognize the environmental advantages of power generation with natural gas, demand for LNG has increased significantly.