Page 61: of Offshore Engineer Magazine (Mar/Apr 2025)

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TECH FILE FLNGs

Image courtesy ABS

HOW FLNG TECHNOLOGY

CAN EXPAND TO SUPPORT

THE ENERGY TRANSITION

Fast-growing energy demand is driving the need for technical support and guidance in new locations, writes Terrance Roberts,

Manager, Global Business Development, ABS urging appetite for natural gas is accelerating

Supply and Demand the development of global and regional supply

Increasing supply of LNG in North and South America chains, with established producers seeking new is pushing long-tabled export projects closer to fnal invest-

Smarkets and emerging suppliers looking to meet ment decision. Meanwhile demand growth spans Europe demand from local consumers.

and Asia but also extends to other markets.

Long-tabled export projects are being fast-tracked for

The need to increase supply due to geopolitical conficts approval in North America while new facilities are under in the area has made Europe an attractive destination for development in Canada and South America. However LNG suppliers, encouraging project developers who want emerging markets in demand centres across Asia and else- to meet this demand sooner rather than later.

where are also looking to rapidly increase production.

This structural shift has intensifed competition for

For countries seeking to access remote reserves and lack-

LNG cargoes, impacting the dynamics of demand between ing highly developed infrastructure, demand for Floating Europe and Asia. A complex combination of price fuctua-

LNG is expected to increase its market share as producers tions, energy policies and the need for supply diversifca- seek to capture new opportunities.

tion will help shape this trajectory in future.

As the trend develops, the impetus will be on class so-

Extreme weather is also impacting supply and demand, cieties and regulators to ensure the increase in production exemplifed by droughts in South America in 2024, which capacity is managed safely and effciently.

saw LNG imports spike, affecting annual imports with march/april 2025 OFFSHORE ENGINEER 61