London (PRWEB UK) 27 January 2014
Expenditure in the FLNG market is set to increase to $64.4 billion in 2020 according to the latest market report from energy research group Douglas-Westwood. The majority – 66% - is attributed to liquefaction infrastructure, with the remainder from import and regasification facilities. Last month, Shell’s FLNG facility was floated out of dry dock in South Korea. Once complete, Prelude FLNG – due to be anchored 200km (125 miles) off Australia’s north-west coast - will be the largest floating facility ever built producing around 3.6 million tonnes of LNG per annum. The reports notes how the introduction of floating LNG vessels will boost global FLNG capex with year-on-year growth over this period forecast to average 64% per annum for the next seven years.
(Source: Port Technology, January 9th 2014, 'Increased investment and activity predicted for floating LNG market', http://www.porttechnology.org/news/increased_investment_and_activity_predicted_for_floating_lng_market)
The increase is to be more pronounced after the successful start-up and operation of the pioneer FLNG vessels such as Shell’s Prelude FLNG, who are confirmed as registered attendees for SMi’s 2nd annual Floating LNG conference. The two-day event will focus on the challenges involving construction and technology, LNG market dynamics, new business opportunities and how to exploit them to their full potential. The two-day conference programme will also feature senior decision makers from leading FLNG innovators including INPEX, United LNG, Saipem and Excelerate Energy among others sharing valuable insight on current and emerging projects from across the globe.
Speaker Panel includes:
- Dinar Indriana, Senior Project Communication Coordinator, Abadi FLNG Project, INPEX
- Benjamin Mauries, Project Manager, Technology Development, Saipem
- Christopher Caudill, Director, United LNG
- Constantyn Gieskes, Project Manager, Braemar Engineering
- Alan Buxton, Chief Operating Officer, Gasol
- Thomas Fiskaa, Vice President, Business Development, Hoegh LNG
- Richard Tylor, Partner, Hogan Lovells
- David Haynes, Principal Consultant, GL Noble Denton
- Graham Hartnell, LNG Gas Consultant, Poten & Partners
To view the full speaker line-up and conference programme, visit http://www.smi-online.co.uk/2014flng20.asp.
Plus, don’t miss the post-conference workshops taking place on 19 February 2014:
Legal and commercial issues affecting the FLNG industry | Led by Norton Rose Fulbright LLP
The workshop will have an interactive format. We will cover a number of fundamental issues currently facing the FLNG industry including the lessons that can be applied from onshore project development to FLNG project development, relevant shipping issues (including an understanding of the liability regime and quiet enjoyment protection afforded to field operators) and how best to structure your FLNG transaction.