Floating LNG is drifting along
The market slowdown means floating LNG isn’t moving ahead as quickly as its proponents thought it would
WEAK trade makes it a difficult time to launch the first floating LNG projects. But with several already well down the development slipway, they are coming – whether the world needs them yet or not. The headline grabber, Shell’s 3.6m tonne-a-year (t/y) Prelude, already mostly built, is due to be on station on Woodside’s Prelude field, off Western Australia, by 2017. But Petronas says its version will be operational sooner: the 1.2m t/y PFLNG Satu will arrive above the Kanowit field, off Sarawak, Borneo, later this year, according to the Malaysian firm. The timetable looks plausible. Petronas said in December the vessel was 95% complete and the company held a naming ceremony in early March, w
Also in this section
11 April 2025
The Gulf state’s offer to supply electricity-starved Syria is an opportunity to support a key ally, but Doha’s ambitions to build broader pipeline networks to Turkey and Europe face challenges
11 April 2025
As the global economy grows, demand for materials is expected to increase. The way materials are made could incorporate new technologies in the future to ensure economic growth is more sustainable
10 April 2025
Technology, policy and narrative are the three biggest factors that could change the course of our 2050 outlook
10 April 2025
Latin America’s largest economy expects big uptick in crude this year with the imminent arrival of several FPSOs
