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Floating LNG Terminals - Technological Innovation and Low Cost Monetization of Offshore Gas Reserves Will Play Key Role in Global LNG Industry Growth

Published By :

GlobalData

Published Date : Jul 2011

Category :

Natural Gas

No. of Pages : 40 Pages


Floating LNG Terminals - Technological Innovation and Low Cost Monetization of Offshore Gas Reserves Will Play Key Role in Global LNG Industry Growth, is the latest report from GlobalData, the industry analysis specialists, that offers comprehensive information on global Floating Liquefied Natural Gas (FLNG) markets. The report analyses the role of FLNG projects in the global Liquefied Natural Gas (LNG) industry amidst growing demand for natural gas, the need for an economical monetization option and increasing discoveries in remote offshore regions. The research also provides details on the advantages of FLNG liquefaction and regasification terminals over onshore LNG terminals and the challenges faced by the floating liquefaction industry. The report also gives information on FLNG regasification and liquefaction markets covering processing capacities, major operating companies and key existing and planned projects.

Scope

The report analyses the role of the FLNG liquefaction and regasification market in global LNG markets. It primarily focuses on -
  • Existing and ongoing development of FLNG regasification and liquefaction technologies and the FLNG value chain
  • The major factors driving the growth of global FLNG markets
  • Exhaustive information on LNG floating liquefaction and regasification markets covering capacities by countries, by companies and major FLNG liquefaction and regasification projects
  • FLNG regasification terminals and facilities in the US, Brazil, Argentina and Kuwait. FLNG liquefaction markets terminals and facilities in Australia, Papua New Guinea and Nigeria
  • The major challenges facing FLNG liquefaction markets globally
  • The role of FLNG liquefaction and regasfication markets in global the LNG market by 2015.
Reasons to buy

The report will enhance your decision making capability. It will allow you to -
  • Make intelligent investment decisions in FLNG markets by capitalizing on insights about major developments and project level information on FLNG liquefaction and regasification markets
  • Identify potential investment targets based on exhaustive information with an in-depth analysis of Global FLNG markets
  • Devise business strategies based on the competitive structure of the markets if expanding or entering into FLNG regasfication or liquefaction market
  • Gain insights into competitors endeavors based on the planned capacity additions of key FLNG companies globally.
  • Remain informed of the recent updates and discussions of new developments in global FLNG markets.
Table of Content:

1 Table of contents

1 Table of contents 2
1.1 List of Tables 4
1.2 List of Figures 4

2 Introduction 5
2.1 Overview 5
2.2 GlobalData Report Guidance 5

3 Floating LNG Terminals An Emerging Technology in the LNG Industry 6
3.1 Types of Floating LNG Regasification and Production Vessels 6
3.1.1 Offshore LNG Regasification Vessels 6
3.1.2 Onboard - Reliquefaction Vessels 7
3.1.3 LNG Floating Production Storage and Offloading (FPSO) 8
3.2 Floating LNG Value Chain 9

4 Floating LNG Terminals- A Low Cost Solution to Monetization of Remote Gas Reserves 10
4.1 Floating LNG Terminals - Major Growth Drivers 10
4.1.1 Increasing Long Term Demand for Natural Gas 10
4.1.2 New Gas Discoveries in Offshore Regions 11
4.1.3 Commercial Development of Small Gas and Associated Gas Fields 12
4.2 Floating LNG Terminals Advantages over Traditional Onshore LNG Terminals 12
4.2.1 Greater Mobility in Offshore Fields/Remote Areas 12
4.2.2 Cost Reduction through Elimination of Under Sea Pipelines and Onshore Infrastructure 13
4.2.3 Improved Environmental Credentials of FLNG projects 15
4.2.4 Shorter Construction Timelines of FLNG Terminals Help to Meet Expected Supply Shortfalls 16

5 Floating LNG Terminals - Global Overview 18
5.1 FLNG Regasification Market 18
5.1.1 Floating LNG Regasification Capacity by Country 18
5.2 FLNG Terminals LNG Liquefaction Market 23
5.2.1 FLNG Liquefaction Capacity by Country 23
5.2.2 FLNG Liquefaction Capacity by Company 24
5.2.3 Global FLNG Liquefaction Terminals and Operators, 20112015 24
5.3 Floating LNG Terminals - Major Operational LNG Regasification Projects 25
5.3.1 Neptune LNG SRV (The US) 25
5.3.2 Northeast Gateway Energy Bridge FLNG 25
5.3.3 Kuwait FLNG 25
5.3.4 Gulf Gateway Energy Bridge FLNG 25
5.3.5 FLNG Terminals in Brazil 25
5.4 FLNG Production Terminals - Major Planned LNG Projects 26
5.4.1 Progress FLNG Project 26
5.4.2 FLNG projects in Papua New Guinea 26
5.5 Floating LNG Terminals - Major Companies Developing FLNG Terminals 27
5.5.1 Excelerate LNG 27
5.5.2 Flex LNG Management Ltd 29
5.5.3 Hoegh LNG 30

6 Floating LNG Projects are Fraught with Technological, Commercial and Financing Risks 31
6.1 Technical and Operational Challenges 31
6.1.1 LNG Transfer 31
6.1.2 Wave Motion and Sloshing in LNG Tankers 31
6.1.3 Space Management in LNG Vessel 32
6.1.4 Choice of Liquefaction Technology 32
6.1.5 Safety of LNG Vessel 32
6.2 Commercial Challenges 32
6.2.1 Integrated Project Model 33
6.2.2 Merchant Project Model 33
6.2.3 Tolling Project Model 33
6.3 Financing Risks 33

7 Floating LNG terminals to Significantly Contibute to Global LNG Regasification and Liquefaction Industry by 2015 34
7.1 FLNG Production Projects to Play Significant Role in Global LNG Liquefaction Market 34
7.2 FLNG Terminals to Account for 10% of Global LNG Regasification Capacity by 2015 34
7.3 State Owned Companies to Strengthen Presence in FLNG Industry by 2015 36

8 Appendix 38
8.1 Sources 38
8.2 Market Definitions 38
8.3 Abbreviations 38
8.4 Methodology 39
8.4.1 Coverage 39
8.4.2 Secondary Research 39
8.4.3 Primary Research 40
8.4.4 Expert Panel Validation 40
8.5 Contact Us 40
8.6 Disclaimer 40

List of Table


Table 1: Natural Gas, Global, Natural Gas Consumption per Day (bcf/d), 20002015 10
Table 2: Natural Gas, Global, Number of Offshore and Onshore Gas Discoveries, 2005-2010 11
Table 3: Cost of LNG Production, Comparison of Capex of Flex LNG and Other Onshore LNG Terminals ($/ton), 2010 14
Table 4: Comparison of GHG Emission Rate Forecast of Prelude FLNG with Actual GHG Emissions of Existing Onshore LNG Terminals (tGHG/tLNG& LPG),2010 15
Table 5: FLNG Market, Global, LNG Regasification Capacity by Country (bcf), 2010 19
Table 6: FLNG Market, Global, LNG Regasification Capacity Additions by Top Five Countries (bcf), 20112015 20
Table 7: FLNG Market, Global, LNG Regasification Capacity by Company (bcf), 2010 21
Table 8: FLNG Market, Global, LNG Regasification Capacity Additions by Top Five Companies (bcf), 20112015 22
Table 9: FLNG Market, Global, LNG Liquefaction Capacity by Country (MMtpa), 20112015 23
Table 10: FLNG Market, Global, LNG Liquefaction Capacity by Company (MMtpa), 20112015 24
Table 11: FLNG Market, Global, LNG Liquefaction Terminal and Capacity (MMtpa), 20112015 24
Table 12: Energy Bridge Liquefaction Vessel, General Characteristics 29
Table 13: LNG Market, Global, FLNG and Global LNG Regasification Capacity (bcf), 20102015 35
Table 14: FLNG Regasification Market, Global, FLNG Regasification Capacity of State Owned Companies (bcf), 2010 and 2015 37

List of Chart


Figure 1: A Floating Storage and Regasification Unit (FSRU) 6
Figure 2: Floating Shuttle Regasification Vehicles Moored at Distance from the Shore 7
Figure 3: A Floating LNG FPSO 8
Figure 4: Floating LNG Value Chain 9
Figure 5: Natural Gas, Global, Consumption (bcf/d), 20002015 10
Figure 6: Natural Gas, Global, Number of Offshore and Onshore Gas Discoveries , 2005-2010 11
Figure 7: Cost of LNG Production, Comparison of Capex of Flex LNG and Other Onshore LNG Terminals ($/ton), 2010 13
Figure 8: Terminal and Regasification Cost Comparison of SRV, FSRU and Onshore Regasification Terminals ($/MMbtu) 14
Figure 9: Excelerate Energy, Project Timelines of FLNG Regasification Terminals (Months), 2009 16
Figure 10: Excelerate Energy, Project Timeline of a FLNG Production Terminal, 2011 17
Figure 11: FLNG Market, Global, LNG Regasification Capacity by Country (bcf), 2010 19
Figure 12: FLNG Market, Global, LNG Regasification Capacity Additions by Top Five Countries (bcf), 20112015 20
Figure 13: FLNG Market, Global, LNG Regasification Capacity by Company (bcf), 2010 21
Figure 14: FLNG Market, Global, LNG Regasification Capacity Additions by Top Five Companies (bcf), 20112015 22
Figure 15: FLNG Market, Global, LNG Liquefaction Capacity by Country (MMtpa), 20112015 23
Figure 16: FLNG Market, Global, LNG Liquefaction Capacity by Company (MMtpa), 20112015 24
Figure 17: An EBRV, Discharge Points For LNG/ Natural Gas for Offshore, Dockside and Onshore Delivery 27
Figure 18: Excelerate LNG LLC, Operational and Under Development FLNG Regasification Plants 28
Figure 19: Prototype of an EBLV 28
Figure 20: Flex LNG, Flex LNG Producer, 29
Figure 21: Hoegh LNG FPSO, A Prototype 30
Figure 22: Self-Supporting Prismatic Shape IMO type-B (SPB) 31
Figure 23: LNG Market, Global, FLNG and Global LNG Regasification Capacity (bcf), 20102015 35
Figure 24: FLNG Regasification Market, Global, FLNG Regasification Capacity of State Owned Companies (bcf), 2010 and 2015 36

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