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FLOATING LNG, CANADA TO CONSIDER A FAST PACE LNG PROJECT DEVELOPMENT STRATEGY

Floating LNG, Canada to Consider a Fast Pace LNG Project Development Strategy

Published On: January 07, 2020

Natural Gas Market Update - January 2020

Since 2014, liquified natural gas (LNG) exports have been ramping up with export volume for 2018 stands at 343 million tons (MT). This represents an increase of 32 MT from 2017, or 12.8 percent growth on year-on-year basis and cumulative growth rate of 9.2 percent. This continued growth is attributed to the expansion of projects in Australia, US, Northern Russia, with one Floating LNG (FLNG) project coming online in 2018 and three in 2019. This article reviews the FLNG projects together with factors that are favorable for such development.

January 2020