Angela Macdonald-Smith: 28 March 2016
Questions are being asked about whether floating LNG technology will live up to its hype after last week’s decision by Woodside Petroleum’s Browse gas venture to freeze work was followed by the axing of a floating design for the Abadi gas field in Indonesia.
The decisions are seen as major setbacks for the innovative technology that was expected to revolutionise the industry by allowing remote offshore gas fields to be developed more cheaply and with less environmental impact.