Page 17: of Offshore Engineer Magazine (Jan/Feb 2019)

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MARKETS FLNG & FSRU

FLNG & FSRU

WHICH ONES WILL CLEAR

THE INVESTMENT HURDLE?

BY JIM MCCAUL, IMA/World Energy Reports

MA/World Energy Reports has just completed a Role of ? oating LNG plants 12-month detailed assessment of the ? oating liquefac- Global demand for natural gas is expected to grow at an tion and regasi? cation market. The 150+ page study annual rate of 1.5% to 2% over the next 25 years, driven by

Iexamines future market opportunities in ? oating lique- the economic and environmental advantages of natural gas faction and regasi? cation, systematically assesses the universe as feed for heat and power production. Much of future gas of ? oating lique? ed natural gas (FLNG) and ? oating storage demand growth will be in locations where gas delivery by regasi? cation unit (FSRU) projects in the planning stage and pipeline is either uneconomic or impracticable. These loca- assigns to each project a probability of clearing the develop- tions, primarily in Asia and Europe, will produce a grow- ment investment hurdle. An accompanying online database ing requirement for natural gas in refrigerated liquid form updates all FLNG and FSRU projects on a 24/7 basis. Some – which will generate demand for additional lique? ed natural highlights from the study are provided here. gas (LNG) production capacity.

Tango FLNG departing from

China to Argentina in late 2018.

Source: EXMAR

January/February 2019 OFFSHORE ENGINEER 17 1-17 OE 2019.indd 17 1-17 OE 2019.indd 17 1/21/2019 4:06:39 PM1/21/2019 4:06:39 PM