Commodity market report
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33 Pages

Global LNG - FLNG overview 2015

Global LNG - FLNG overview 2015

Report summary

Floating LNG (FLNG) is close to first production. Five projects are currently under construction, varying greatly in capacity and scope. The innovative nature of the technology implies substantial technical, commercial and cost risks, which we outline in detail. Two distinct concepts are emerging: small-scale, barge and vessel conversions for near-shore locations and large, new-build vessels for long life, open-sea solutions. Our detailed economic benchmarking suggests small-scale projects have much lower breakevens costs compared to large new-builds. These smaller FLNG barges and vessel conversions offer compelling low-cost solutions of which we expect to see two or three projects sanctioned in the short term. Despite the potential game-changing technology, we forecast FLNG to comprise just 2% of total LNG demand by 2020.

What's included?

This report includes 2 file(s)

  • Global LNG - FLNG overview 2015 PDF - 1.65 MB 33 Pages, 14 Tables, 14 Figures
  • Global FLNG Outlook.xls XLS - 216.00 KB


As global energy demand rises, the market for liquefied natural gas (LNG) continues to expand. Set to increase by 50% between 2015 and 2020, the LNG market is one of the fastest growing in the world. This spectacular growth is transforming the market, with many new companies entering the sector and changing the industry landscape.

This LNG Long Term Outlook report provides an overview of LNG in the gas market.

LNG market participants and advisers can use this report to better understand the long-term role of this market in the global LNG business.

Offering bottom-up market analysis for over 150 LNG supply assets, 28 LNG-importing countries and more than 500 LNG contracts, Wood Mackenzie is the definitive and trusted resource for the LNG industry. We use our robust database and expert industry knowledge to help you understand the dynamics of the global LNG industry and identify emerging trends and opportunities.

  • Executive summary
    • Overview
    • Key issues
      • Advantages
      • Challenges and risks
  • Risks and uncertainties
    • Key challenges
      • Near-shore developments
      • Open-Sea developments
    • Technical challenges
      • Liquefaction process
      • LNG storage and containment type
      • Liquids Processing and Storage
      • LNG Offloading & Transfer
      • Utilisation
      • Sizing
      • Safety
    • Commercial challenges
      • Commercial structure
      • Finance
      • Insurance
      • Political support
  • Economics
    • Vessel life
      • FLNG vs Conventional LNG costs
      • Cost Risk
      • Liquefaction costs
      • Capital costs
      • Operating costs
      • Breakevens
  • Supply
    • FLNG Outlook
  • Key companies
    • Upstream companies
    • Mid-stream operators
      • Golar
      • Exmar
      • Hoegh
      • Excelerate
      • Teekay
      • BW Offshore
    • EPC contractors and shipbuilders
      • EPC/Technology Companies
      • Shipbuilders
  • Infrastructure
    • Asia Pacific Developments
      • Australia
        • Bonaparte
        • Scarborough FLNG
        • Greater Sunrise FLNG
        • Cash-Maple
      • Malaysia
      • Indonesia
      • Papua New Guinea
        • Pandora FLNG
        • PNG FLNG / Gulf
        • Other FLNG – Asia/Pacific
        • Africa and Middle East
          • Cameroon
          • Equatorial Guinea
          • Mozambique
            • Area 4 FLNG 1 & 2 - Mozambique
          • Israel and Cyprus
            • East-Med FLNG
          • Other FLNG – Africa and Middle East
        • Americas FLNG projects
          • US Gulf Coast
            • CE (Cambridge Energy) FLNG
            • Lavaca Bay
            • Other US FLNG
          • Canada
            • Kitsault FLNG
            • Triton LNG
            • Stewart Energy FLNG
            • Woodfibre FLNG
            • Other FLNG
          • Colombia
          • Brazil
            • Santos Pre-Salt FLNG
          • Other North and South American FLNG projects

In this report there are 28 tables or charts, including:

  • Executive summary
  • Risks and uncertainties
    • Table of liquefaction technologies
    • FLNG vs Conventional - Range of development
  • Economics
    • FLNG vessel life
    • FLNG capex estimates - near-shore vs open-sea
    • Capital costs
    • Operating costs
    • Pre-tax vessel breakevens
    • Overall project FOB breakevens
  • Supply
    • FLNG FID tracker
    • Supply: Image 2
  • Key companies
    • FLNG vessel owners
    • EPC and Technology Companies
    • Shipbuilders
  • Infrastructure
    • Asia-Pacific map
    • Prelude
    • Browse LNG
    • PETRONAS FLNG 1 (Kanowit)
    • PETRONAS FLNG 2 (Rotan)
    • Abadi FLNG
    • Africa and Middle East map
    • GoFLNG - Cameroon
    • Fortuna FLNG – Equatorial Guinea
    • Coral FLNG
    • US FLNG map
    • Delfin FLNG
    • Canada FLNG map
    • Douglas Channel LNG
    • Caribbean FLNG – Cancelled
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