Global FLNG Overview 2021
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
What's the key takeaway of this year's report?
A change of course is likely as FLNG players take a second look at financials. Questions remain over cost and project economics.
What's inside this report?
Get answers to all your questions about FLNG including:
- What do I need to know about FLNG?
- How does FLNG stack up against LNG?
- What's the FLNG industry doing to overcome challenges such as the reduction in exploration expenditure and the poor economies of scale?
Report summary
The lack of economy of scale is likely to limit FLNG projects to small-scale and remote developments as it competes for buyers, financing and partners in a busy LNG marketplace.
Liam Kelleher, global LNG research analyst, quoted by oilprice.com
Sample data point
What do I need to know about capital expenditure of FLNG projects? And how does this compare to LNG?
In this report, we present the CAPEX of all LNG and FLNG projects worldwide, illustrated in the graph above by year of which they took Final Investment Decision (FID). Since the year 2000 to date, the average cost of LNG projects sanctioned has been $1000/tonne. However from 2009 to date, the cost of LNG projects rose to an average $1,400 per tonne. The sustained high oil price between 2008 and 2014 – which peaked at $147/bbl (Brent) – caused a major escalation in project costs of both oil and gas projects. A number of high cost Australian projects were also sanctioned, with an average cost of $2,400/tonne.
Table of contents
- Global FLNG Overview 2021: Cost cutting increases interest in FLNG
- Near-shore Developments
- Open-Sea developments
- Economics
-
Capital Expenditure (CAPEX)
- Location and CAPEX
- Operating Expenditure (OPEX)
-
Breakeven Costs
- Construction Time
- Financing and Commercial Structure
- Commercial structure
- Cost Risks - Escalation and Deflation
- Supply and Demand
-
FID Outlook
- Exploration - a dwindling number of new gas finds
- 15 more item(s)...
Tables and charts
This report includes the following images and tables:
- Project Details
- CAPEX ($/tonne) of LNG projects by FID Date
- CAPEX ($/tonne) and OPEX ($/mmbtu) for selected projects
- FOB Breakeven Prices for selection of projects
- CAPEX for FLNG Projects
- OPEX for FLNG Projects
- LNG Supply and Demand - History and Forecast
- Capacity Sanctioned per year
- No of projects sanctioned per year
- Annual CAPEX - History and Forecast
- Upstream vs Midstream processing requirements
- Example LNG Specifications and Process Equipment Required
- 14 more item(s)...
What's included
This report contains:
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