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LNG

FLNG finding role as stopgap for remote discoveries

FLNGs are being seen as a temporary alternative to much larger onshore gas projects, which are waiting for buyers and investors to return to the LNG market FLNGs are being seen as a temporary alternative to much larger onshore gas projects, which are waiting for buyers and investors to return to the LNG market.
By Andrew Walker 26 April 2018 0 30606
Prelude FLNG heading to Australia. (Shell Australia)

Companies are underplaying their hand by using FLNG to monetise large gas discoveries that would best be served by building multi-train onshore plants, delegates at the International Petroleum Summit in London heard on Tuesday. 

Resources at BP’s Tortue discovery are estimated at 0.9-1.1 trillion cubic metres, and the prospect of monetising it all using a 2.5 mtpa FLNG vessel is ‘ridiculous’, according to a consultant speaking at the sidelines of the conference.

However, developing large greenfield LNG export projects in the current market environment is difficult, which...