Using tailoring as an analogy, a New-Build FLNG may be likened to a bespoke suit and Converted as an example of upcycled clothing. As with anything bespoke, this allows all the customisation required to finish the project according to the unique requirement. Take location for example, while FLNGs are generally compact, there are energy sources that may be too remote to be accessed by larger vessels. A smaller scale FLNG may be used to access it. This is not a possibility for larger Converted FLNGs.
Despite their differences, it is interesting to note that both New-Build and Converted FLNG designs present FLNG companies with ample opportunities for innovation, especially when it comes to development concepts. Here are a few examples of these innovations:
Read on to find out more.
Barely 6 years after the hull of Prelude, the world’s biggest and most anticipated FLNG plant, was floated into the water, Oil and Gas giant Shell has reported in June that it has shipped its first LNG cargo from the waters of Australia to importers in Asia. The event marked the beginning of what the company expects to be a bountiful journey for its maiden floating facility.
While a floating facility is massive in size, the production process that occurs inside its premises is focused on condensing natural occurring gas from underwater fields, and shrinking its volume by hundreds of times. FLNG technology does not only facilitate the same functions that occur in a multitude of land-based energy facilities, it also enables energy production that is more environmentally sound.
In this report, we discussed the rising trends, breakthroughs & opportunities in FLNG.
There is no question that FLNGs can save cost and time – if executed well. A lot of the case studies and research surrounding FLNG have always centred around its real-life operability and how to best maximise its yield. With interest in FLNG starting to peak again, we profiled the most-watched FLNG projects around the world. Here are some of them:
Download the free infographic to find out more.
Download the 2015 attendee list to check who you have missed meeting at the event.
The FLNG World Congress 2015 was the biggest we had so far. We welcomed over 160 delegates from all corners of the globe to brainstorm and discuss the way forward for the FLNG industry in the current oil price environment. Over two days, the Congress served as an excellent platform for the industry to understand various strategic, commercial, technical and operational challenges and opportunities. Download the post show report to see what you have missed this year.
In this state of the industry report, Kelvin Sam, Principal Researcher with IHS, discusses the current projects, future projections for the FLNG Market and strategic advice for the coming years.
In this e-book compendium, we bring together content from the Oil & Gas IQ archives to showcase the kind of growth that we can expect from one of the world’s most innovative energy avenues.