DW: FLNG CAPEX to increase
Published by Callum O'Reilly,
Senior Editor
LNG Industry,
Douglas-Westwood (DW) has announced that it has published its latest ‘World FLNG Market Forecast’ for the period 2017 – 2022.
According to the report, global CAPEX on floating LNG (FLNG) facilities is expected to increase significantly to US$41.6 billion during the forecast period, despite challenging market conditions.
The report suggests that near-term growth in expenditure will be driven by flagship liquefaction projects sanctioned prior to the oil price downturn, with expenditure to peak next year as the first wave of projects come on-stream. Nearly 60% of spend is expected to be on liquefaction vessels, with over 40% on import and regasification terminals. DW believes that the floating regasification market has been stimulated by a drive to move towards cleaner sources of energy.
DW expects the oil price downturn to impact the market towards the end of the decade. Meanwhile, both Africa and Asia have been touted as key areas for liquefaction and regasification units.
Edited from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/floating-lng/10082016/dw-flng-capex-to-increase-2891/
You might also like
NextDecade announces senior loans for Rio Grande LNG Phase 1
NextDecade Corporation’s subsidiary, Rio Grande LNG, LLC, has entered into a credit agreement for US$356 million of senior loans to finance a portion of the first three LNG trains at NextDecade’s Rio Grande LNG export facility in Texas.