Commodity Market Report

Global LNG - FLNG overview 2015

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24 September 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.

Table of contents

    • Overview
    • Key issues
      • Advantages
      • Challenges and risks
    • 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
    • Vessel life
      • FLNG vs Conventional LNG costs
      • Cost Risk
      • Liquefaction costs
      • Capital costs
      • Operating costs
      • Breakevens
    • FLNG Outlook
    • Upstream companies
    • Mid-stream operators
      • Golar
      • Exmar
      • Hoegh
      • Excelerate
      • Teekay
      • BW Offshore
    • EPC contractors and shipbuilders
      • EPC/Technology Companies
      • Shipbuilders
    • 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

Tables and charts

This report includes 28 images and tables including:

  • FLNG vessel owners
  • FLNG vessel life
  • FLNG FID tracker
  • Supply: Image 2
  • Asia-Pacific map
  • Table of liquefaction technologies
  • FLNG vs Conventional - Range of development
  • FLNG capex estimates - near-shore vs open-sea
  • Capital costs
  • Operating costs
  • Pre-tax vessel breakevens
  • Overall project FOB breakevens
  • EPC and Technology Companies
  • Shipbuilders
  • 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

What's included

This report contains:

  • Document

    Global FLNG Outlook.xls

    XLS 216.00 KB

  • Document

    Global LNG - FLNG overview 2015

    PDF 1.65 MB

  • Document

    Global LNG - FLNG overview 2015

    ZIP 1.69 MB

  • Document

    Executive summary

    PDF 82.70 KB

  • Document

    Risks and uncertainties

    PDF 132.47 KB

  • Document

    Economics

    PDF 313.03 KB

  • Document

    Supply

    PDF 98.64 KB

  • Document

    Key companies

    PDF 114.80 KB

  • Document

    Infrastructure

    PDF 1.20 MB

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