Floating Storage and Regasification Units (FSRUs) have been in operation for little more than ten years, but have moved quickly from being a specialist niche to being a main-stream solution for potential new regasification terminals. FSRUs have helped open up new markets to LNG and lower the barriers to entry of joining the LNG club. The FSRU fleet has grown to 23 vessels with a further seven on order, as of January 2016. Imports through FSRU terminals are provisionally estimated to have grown by 44% in 2015 – to 22.8 million tonnes. New FSRU terminals in Pakistan, Egypt and Jordan accounted for much of the growth. Three companies - Excelerate Energy, Golar LNG and Hoegh LNG - dominate the sector but other companies are keen to expand their presence in the sector. BW saw its first FSRU start operations in Egypt in late 2015. Included with the report is an Excel download with details of the FSRU fleet, current and future projects, imports by terminal and FSRU availability by company.
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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.
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Commodity market report | Jan 2016
Global LNG - FSRU overview 2016
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