Floating Liquefied Natural Gas Comes of Age

There are already many floating liquefied-natural-gas (LNG) receiving terminals operating successfully in the world. The economics of floating LNG (FLNG) is compelling. Major cost savings can be achieved by the streamlining allowed by FLNG processes. There are also intangible cost savings, such as increased efficiency owing to construction of the entire system in a shipyard, improved material and manpower logistics, and shorter project duration.

Introduction

Global LNG trade is expected to more than double by 2020. As consumers and governments around the world recognize the environmental advantages of power generation with natural gas, demand for LNG has increased significantly. Some new projects will be developed with FLNG technologies, perhaps even with a full FLNG chain: floating production, storage, and offloading (FPSO) for LNG production in the field; offshore LNG transfer to shuttle tankers; and floating receiving and storage units that serve to vaporize the LNG and export the gas to the eventual gas-distribution grid and consumers.

This article, written by JPT Technology Editor Chris Carpenter, contains highlights of paper OTC 24800, “Floating LNG Is Coming of Age,” by Michael S. Choi, SPE, ConocoPhillips, prepared for the 2014 Offshore Technology Conference Asia, Kuala Lumpur, 25–28 March. The paper has not been peer reviewed. Copyright 2014 Offshore Technology Conference. Reproduced by permission.
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Floating Liquefied Natural Gas Comes of Age

01 April 2015

Volume: 67 | Issue: 4

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