Will Floating LNG Revolutionise The Natural Gas Industry?
Will Floating LNG Revolutionise The Natural Gas Industry? Posted February 21, 2013 Floating liquid natural gas, the notion of performing gas liquefaction offshore on a floating vessel near the point of extraction, has seen a growth in interest since around 2006. Several companies prepared a Floating LNG concept and performed research to develop some non-existing, though indispensable, technological components. During the following years, the industry was marked by some long debates about whether the technology had progressed sufficiently for the deployment of the first unit. After years of discussion and investments, the first Floating LNG project, Shell’s Prelude, has finally been announced in 2011. Today the industry counts over 20 other FLNG projects and its business is sized to exceed 60 Billion USD for the next decade. http://theenergycollective.com/celinerottier/189491/will-floating-lng-revolutionise-natural-gas-industry