Floating Liquefied Natural Gas (FLNG) Market Forecast 2014-2024

Floating Liquefied Natural Gas (FLNG)Floating Liquefied Natural Gas (FLNG) Market Forecast 2014-2024 PR Newswire LONDON, March 26, 2014 Prospects for Leading Companies in LNG FPSO & FSRU Traditionally, LNG facilities have been built onshore, but this has become increasingly expensive in recent years, leading to the development of more cost effective solutions such as FLNG. The global market for floating liquefied natural gas (FLNG) can be divided into two distinct areas: LNG FPSOs (Liquefied Natural Gas Floating Production Storage and Offloading Vessels) and FSRUs (Floating Storage and Regasification Units). This report addresses both of these markets, quantifying the opportunity for growth expected over the next ten years. Floating regasification vessels, in operation since 2005, allow for flexible transportation of LNG. Three companies: Excelerate Energy, Golar LNG and Höegh LNG have taken the majority of ownership of floating regasification vessels thus far, although several other companies have begun to enter the market. There are currently 15 units operational in Asia, Europe, the Middle East, North America, South America, and Southeast Asia. Floating regasification vessels will be particularly useful in areas where there are, at present, major gas shortfalls (e.g. Egypt, India, Pakistan and Bangladesh).