Floating LNG

According to Reuters, Ophir Energy has ended negotiations with Schlumberger regarding the Fortuna floating LNG project.

Lloyds Energy has announced that it has signed a letter of intent with KDJV for a FEED/EPCIC conversion contract for the development of nearshore floating LNG facilities.

Under the MoU, the two companies will cooperate on a number of projects including LNG and FLNG facilities.

Speaking at the LNG 18 conference in Perth, Australia, the Integrated Gas Director, Royal Dutch Shell, said that the LNG industry can only realise its long-term potential if it comes together to ensure the competitiveness of gas and bring down its cost.

Trelleborg has released a statement claiming that its fluid handling operation has won the EN1474-2 accreditation following the development of a new hose design.

Speaking at the LNG 18 conference in Perth, Australia, the CEO of Shell, Ben van Beurden delivered a speech, in which he argued that innovation and investment remain key for the LNG industry’s development.

Shell has released a video documenting the installation of the subsea structures for the Prelude floating LNG vessel.

According to Reuters, Croatia will aim to finalise the construction and delivery of a 2 billion m3/yr floating LNG vessel in 2018.

ABS has announced that it has granted Approval in Principle for a floating LNG hull design by Hyundai Heavy Industries.

Howden Thomassen Compressors BV introduces an innovative technology that provides enhanced availability and reliability for horizontal reciprocating compressors in LNG applications.

Inpex Corp. has released a statement claiming that it has received a notification from the Indonesian government instructing it to propose a new development plan for the Abadi LNG project.

Following approximately 10 months of construction, GAS Entec has announced that it has successfully delivered a 50 million ft3/d floating regasification unit.

According to Reuters, Inpex Corp. and Royal Dutch Shell are still expected to invest in the construction of an onshore LNG plant in Indonesia, despite Indonesian officials’ decision not to proceed with an FLNG alternative.

Ince & Co. outlines some of the key areas of negotiation surrounding floating LNG contracts.

According to Reuters, Korea Gas Corp. has announced that it will invest a further US$406 million in Australia’s floating LNG project – Prelude.