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FLNG Market Key player includes Energy, Exmar, Eni, Ophir Energy, Mitsui O.S.K. Lines, Royal Dutch Shell, Petronas, Noble Energy, Woodside Petroleum

11-08-2018 11:38 AM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

FLNG Market

FLNG Market

Favorable government initiatives including fiscal incentives to improve energy supply security will drive the FLNG market size. In 2017, the European Union enacted a proposal to invest USD 500 million in priority energy infrastructure including the implementation of FSRU vessels in the Member States. In 2016, the EU Connecting Europe Facility (CEF) funded the construction of Croatia floating LNG import facility with an objective of diversifying the country’s energy supply.

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Significant developments of integrated LNG-to-power projects predominantly across the power deficit countries will stimulate the FSRU market. Growing demand for gas fueled power plants will reinforce the commercialization of LNG regasification which will positively impact the industry growth. Mobility, short construction periods, cost efficiency and lower environmental impact are some of the key factors which will positively drive the FLNG market. In 2015, South Africa Department of Energy (DOE) introduced its LNG to Power IPP Procurement Programme to produce upto 3000 MW of capacity from gas fired power plants.
U.S. FLNG market is set to witness gain over 38 % by 2024. Favorable government measures to minimize ecological damage from marine operations will stimulate the product demand. In 2017, the U.S. Maritime Administration (MARAD) approved the country’s first deep-water floating LNG export facility in the Gulf of Mexico. The facility will include four floating liquefaction vessels, each having a capacity of 210,000 cubic meters of natural gas to reduce number of coastal shipments.

Competitive pricing, existing production assets and flexible volume contracts will embellish the small scale FLNG market growth. These developments can unlock marginal fields by eliminating the use of high pipeline infrastructure costs and highly capital intensive remote onshore LNG plant installation. Africa aims to commission its first floating LNG vessel offshore Cameroon to commence small scale LNG export operations by 2018.

Rising demand for cleaner fuel coupled with stringent government regulations across the maritime industry will stimulate the FLNG market size. The International Maritime Organization Tier III establishes limits on NOx emissions and requires the use of lower sulfur content fuel. The requirements apply to vessels operating in the U.S. waters and North American Emission Control Area (ECA).

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Report Content
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Market definition & forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary

Browse key industry insights spread across 200 pages with 324 market data tables & 9 figures & charts from the report @ https://www.gminsights.com/industry-analysis/floating-liquefied-natural-gas-flng-market

Chapter 2. Executive Summary
2.1. FLNG industry 3600 synopsis, 2014 – 2024
2.1.1. Business trends
2.1.2. Technology trends
2.1.3. Capacity trends
2.1.4. Regional trends

Chapter 3. FLNG Market Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2014 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.4. Technology landscape
3.4.1. FSRU
3.4.2. LNG FPSO
3.5. Regulatory landscape

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research

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