The FLNG market is poised for increased investment and activity from 2014 to 2020, with Douglas-Westwood (DW) forecasting total expenditure of $64.4 billion (bn) in its new market report.
Two-thirds of this spend is attributed to liquefaction infrastructure, with the remainder from import and regasification facilities.
Report author, Amanda Tay , said, “The previous seven-year period saw minimal investment in floating liquefaction infrastructure, but now with the introduction of floating LNG vessels global FLNG Capex is expected to increase significantly over the next seven years. Year-on-year growth over this period is forecast to average 64% per annum and DW expect the increase to be more pronounced after the successful start-up and operation of the pioneer FLNG vessels, such as Shell’s Prelude FLNG and Petronas’ PFLNG 1.”