Offshore Engineer: Floating Prospects

14 June 2016: “A floating LNG (FLNG) facility paves the way for opportunities to monetize gas resources from remote, marginal and stranded fields, which would otherwise be uneconomical to develop via conventional means. FLNG has advantages in areas with small gas reserves, expensive onshore port facilities, and/or constrained engineering, procurement and construction resources. It can also offer simplified approval processes while avoiding domestic gas commitments and unfavorable taxation.”