6 May 2024
FLNG could help industry weather lower prices – OIES
Publication date: 09 November 2016
Gas Strategies Group
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ISSN: 0964-8496
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Floating liquefaction (FLNG) projects could prove more profitable than conventional onshore plants, thanks to their shorter lead times, lower financial risk and ability to tap stranded assets, the Oxford Institute of Energy Studies (OIES) suggested in a new study this week.
Markedly lower global LNG and hub gas prices have created an "extremely challenging environment" for the LNG industry, but FLNG could help an industry struggling to remain competitive amid low spot and oil-indexed LNG prices, the OIES said.