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
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
