LNG liquefaction and regasification takes to the seas—a $27 billion business ///
While gas demand remains strong and the construction of onshore LNG projects has experienced substantial delays and cost increases, much attention is being directed to the opportunities arising from the new and potentially groundbreaking floating liquefaction technology market. Floating LNG regasification import terminals are already established. Capital expenditure on FLNG facilities (both liquefaction and regasification) is expected to grow from $695 million in 2008 to just under $8.5 billion in 2015. This article will examine the key market drivers for FLNG liqeufaction, provide an overview of the FLNG import terminals market, and review some of the key enabling technologies. Results are taken from The World FLNG Market Report 2009−2015, published by Douglas-Westwood.
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