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Breakthrough Technology Unlocks Hidden Natural Gas Reserves

Screen Shot 2014-03-03 at 18.55.08Extracts from an article by Tim Maverick published 17 April 2014 by trefis.com

The recognized leader in FLNG technology globally is Royal Dutch Shell PLC. FLNG vessels, which dwarf aircraft carriers in size, serve as floating liquefaction, storage and offtake facilities. And they certainly come with a host of advantages. You see, a floating project is estimated to take only two-thirds of the time of a land-based project. That’s not surprising, since you’re able to sidestep land development. This is of particular concern in Australia, where natural gas fields are located close to environmentally sensitive coastal areas.

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