Floating LNG gains buoyancy

The energy industry has discussed floating natural gas liquefaction for more than 30 years as an option to develop gas from remote offshore locations. Douglas-Westwood recently forecast $47.4 billion total will be spent on FLNG during 2013-19. In its report, "World FLNG Market Forecast 2013-19," Douglas-Westwood analysts expect more than $28 billion to be spent on liquefaction and $19.1 billion to be spent on import terminals. Floating-liquefaction allows producers to bring liquefaction directly to the source of offshore gas. Murray Dormer, author of the forecast, expects that Asia and Australia will account for more than one-third of the spend Douglas-Westwood anticipates world...

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