floating LNG (FLNG)

Although the FLNG concept has been around for decades, only three units are in the water and operational or under commissioning as of 2018. As the mitigation of technological risks is demonstrated, commercial risks become the focal point and the challenge to financing the capital-intensive projects.

While the floating liquefied-natural-gas (FLNG) option initially looked promising, high capital expenditure and very high operational expense (OPEX) have limited its potential application, with four potential FLNG projects being canceled in Australasia in the last 2 years.

Add Energy has partnered with Transborders Energy and will work with TechnipFMC and MODEC to develop a 1.0-MTPA FLNG vessel for small-scale stranded fields.

Air Products, BHGE, Norsafe, and Sofec won contracts for Eni’s Coral South FLNG project in Mozambique.

Global trade for LNG is projected to rise by 50% by 2020. There is a clear acceleration in demand for small- and medium-scale LNG, necessitating splitting of LNG into smaller load parcels. Transfer methods applicable to deeper water, smaller LNG carriers, and harsh environments are critical.

The Prelude FLNG begins the 3,600-mile journey from South Korea to northwest Australia; expected to remain at final destination for 20–25 years.

Eni finalized a USD 7-billion investment in the Coral South FLNG project, the first offshore development in Mozambique. Service and equipment providers are announcing their awarded contracts.

This paper describes a split-process FLNG design where primary production and gas-treatment functions are provided on a host platform while liquefaction occurs on a separate vessel.

Douglas Westwoods' world FLNG market forecast for the period 2016-2022. A stormy ride is expected for the LNG industry, as the fall in natural gas prices limits investment in capital-intensive liquefaction projects.

The constraints of space and seaworthiness required the designers of Shell’s joint-venture floating-liquefied-natural-gas (FLNG) facility to assemble these technologies in novel configurations.