FLNG is not just a game-changer in cost profile. It has the potential to open access for monetisation of gas through global LNG for the benefit of countries and resource holders, without the dependency on the uncertainties that capital management within IOCs has brought in the past and does so now increasingly. With eight vessels successfully operational we argue the industry has matured and is evolving fast.
As the market evolves, Gas Strategies provides the FLNG commercial support developers need to shape viable commercial pathways from concept through to execution.
Highlights
- Floating LNG (FLNG) solutions are highly applicable to independents and national oil companies (NOCs) holding stranded and associated gas resources, perhaps of smaller scale or in challenging geographies. Many are now seeking FLNG commercial support to accelerate early-stage decision-making.
- Attention has moved to how FLNG can be used to capture value from different types of gas resources in different settings. The speed and cost advantages of the technology are proven.
- FLNG has lowered the barrier to entry even further and is democratising the LNG industry just as the phenomenon of US gas liquefaction achieved 10 years ago
- Success in FLNG will be achieved through a project development mindset, whole value chain thinking and the creativity to explore innovative commercial structures. With the right approach there is no reason why the benefits of FLNG cannot continue be reaped by all resource holders, not just international oil companies (IOCs)
Our clients value our partnership in the structuring, development and marketing of LNG projects because we bring an intimate understanding of the market and the considerations made by LNG buyers as well as project financiers. Our people have stood in your shoes and continue to do so as advisors to a diverse range of LNG projects around the world, bringing understanding of the role and requirements of all stakeholders necessary to make a successful project development.
Gas Strategies delivers FLNG commercial support that helps project teams navigate market complexity and build bankable development strategies. We have (to date) supported clients on seven FLNG projects, several of which have already reached FID, and have further engagements ‘in flight’. This includes targeted FLNG project development support where clients require deeper expertise across sequencing, contracting and value-chain integration.
Our broader LNG consulting capability ensures clients benefit from a joined-up perspective across markets, project structures and commercial strategy—particularly valuable when FLNG solutions open new monetisation pathways that require specialist insight.
Read more about how FLNG has democratised liquefaction and download the report.
