Douglas-Westwood Predicts Increased Investment in FLNG

The FLNG market is poised for increased investment and activity from 2014 to 2020, with Douglas-Westwood (DW) forecasting total expenditure of $64.4 billion (bn) in its new market report.

Two-thirds of this spend is attributed to liquefaction infrastructure, with the remainder from import and regasification facilities.

Report author, Amanda Tay, said, “The previous seven-year period saw minimal investment in floating liquefaction infrastructure, but now with the introduction of floating LNG vessels global FLNG Capex is expected to increase significantly over the next seven years. Year-on-year growth over this period is forecast to average 64% per annum and DW expect the increase to be more pronounced after the successful start-up and operation of the pioneer FLNG vessels, such as Shell’s Prelude FLNG and Petronas’ PFLNG 1.”

Related:  Watch the World’s Largest Ship on Its Maiden Voyage

DW anticipate that more floating regasification units are to be sanctioned, particularly in Asia and Latin America. In North America, however, the discovery of large supplies of shale gas has resulted in the shut-down of many of its operational terminals and the cancellation of upcoming import facilities. This development should see the reversal of North America’s traditional status as a net gas importer to that of an exporter.

Murray Dormer, report editor, concludes, “When compared to its onshore alternative, FLNG offers higher security, a cheaper alternative, shorter lead time and the ability to monetise stranded gas fields. While there are inherent risks, FLNG is undoubtedly a prospective market that in the long-run is poised to drive many future gas developments.”

Source: Douglas-Westwood, January 08, 2014

 

Share this article

Follow Offshore Energy Today

Events>

<< Apr 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

GeoConvention 2019

GeoConvention offers some of the best local and international insights to efficient energy exploration…

read more >

16th MOSCOW INTERNATIONAL OIL AND GAS EXHIBITION

The Moscow International Oil & Gas Exhibition display products like oil and gas products, oil and gas services…

read more >

Erbil International Oil & Gas Exhibition 2019

The event will be held at the Erbil International Fair Ground which is one of the largest energy related events in Iraq…

read more >

THE 24 th IRAN INTERNATIONAL OIL , GAS , REFINING & PETROCHEMICAL EXHIBITION

The second largest OPEC producer, Iran sits atop 11 percent of oil and 18 percent of gas…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply