Page 26: of Maritime Reporter Magazine (November 2018)

LNG Investment

Projected to Grow

MARKETS: LNG

By Greg Trauthwein ollowing years in the pricing doldrums, LNG

Online FLNG/FSRU Database is hot again, with business prospects for ? oat- ing production and regasi? cation looking

IMA does more than just provide a snapshot of the strong through 2023. We talk to Jim McCaul

F ? oating liquefaction and regasi? cation sector. Its of International Maritime Associates (IMA) for his in- new online fully searchable LNG database updates all sights, as he is fresh off of a 12-month stint investigat-

FLNG and FSRU project information on a 24/7 basis. ing the market in depth.

As IMA receives new information about projects from “We wanted to take a fresh look at the market, to iden- its network of industry contacts, the database is imme- tify opportunities both in the production and regassi? - cation of LNG” is how McCaul, founder of IMA, best diately updated to re? ect the latest situation.

With access to the online database, users can access describes his team’s 12-month effort to study and report on the industry. The culmination is a 150+ page study any FLNG project or FSRU terminal – in operation, un- published by World Energy Reports, as well as a live der construction and planned – and immediately ? nd 24/7/365 database of information that is available for the latest information on project status, along with any purchase. “The market for the last three years has been changes in timing and probability of the project invest- dismal, but demand is rising and our projections show ment decision. Contacts are also provided for follow that in 2022-2023 the LNG market will be in a de? cit. up with key players. Database users are able to select any combination of data about projects and export the

We’re starting to see a lot more investment in LNG, but data to excel for evaluation – or use the sophisticated if you want to be in you have to start now.” sorting and graphics capability provided with the data- base for making comparisons and benchmarking.

The search capability is user friendly and our IT staff

Project Evaluation is available to assist with any issues or questions at any time.

The IMA study is the ? rst professional effort to sys- tematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the like-

Meet the Team lihood of each making the development investment hurdle. Many FLNG and FSRU projects are planned

The FLNG/FSRU study and database has been pre- – but only some will ultimately will move forward to development. For example, IMA examines 29 ? oating pared by a small team of seasoned industry profession- liquefaction projects in the planning stage, and of these als with many years of hands-on experience in the off- 29 McCaul estimates that three projects are ‘strong’ shore sector. The team’s direct experience in planning (a 75% chance of moving forward); eight or nine are and executing FLNG and FSRU projects provides the ‘fair’ (50%) while the remainder are ‘weak’ (30% or foundation for a “reality check” evaluation of the likeli- hood that projects in the planning queue will go forward less). The probability rating is based on how the project to development. Jim McCaul, founder of IMA and co- scores in terms of drivers of project health and stock- holder overlay considerations. While the IMA report founder of WER, is the principal analyst in the study.

Source: Floating Liquefaction And Regasi? cation Report: 2019 An-

He has prepared more than 60 reports on the ? oating nual Outlook analyzes a number of economic and stakeholder con- siderations to arrive a its projections, McCaul said that production business -- and over the past 30+ years has government support is central to nearly every project. been engaged as adviser by numerous clients in the “If the government doesn’t support it, that’s a project offshore oil and gas sector. Jim has been advisor on planned FSRU projects in Ghana, Jamaica, India, else- killer.” where. George Tilley, senior researcher, is a 30+ year

GET THE REPORT veteran of the international oil and gas industry having worked in Brazil, Kazakhstan, India and Tanzania for

Regasi? cation Prospects Bright

BG Group. In his last assignment in Tanzania George • VISIT https://? ng.worldenergyreports.com/reports/

McCaul and his team found that the regassi? cation was responsible for the commercial arrangements with end of the business, or FSRUs, offer better business partners and government for the proposed LNG project. • EMAIL

Our other senior analyst in the study has 30+ years of prospects moving forward. In total the IMA report iden- [email protected] ti? ed 47 FSRU terminal projects in the planning stage experience as offshore ? eld development engineer in with about half of them classi? ed as ‘strong’ with the offshore oil and gas projects and has been directly in- • CALL volved with planning FLNG projects in Tanzania, Cam- other half falling in the ‘fair’ or ‘weak’ categories.

Jean V ertucci @ +1-212-477-6700 eroon, Congo-Brazzaville, Brazil and elsewhere.

26 Maritime Reporter & Engineering News • NOVEMBER 2018

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