Floating LNG

Lithuania has approved the construction of a floating LNG terminal to help it achieve greater energy independence.

The Sunrise joint venture has chosen to use Shell’s proprietary FLNG technology to develop the Greater Sunrise gas fields in the East Timor Sea.

The Indonesian government is looking for South Korean investors to back three new floating LNG terminals.

Australia, with 24 currently active and future LNG projects, could become the second largest LNG producing nation in the world by 2015, according to the International Energy Agency.