The FLNG market is expected to witness a CAGR of 27.1%, and is projected to reach US$70 billion by 2023.
Factors propelling the growth of the FLNG market include increasing investment in the LNG market; shifting focus towards cleaner burning fuel, save on the cost by reduction in upstream infrastructure and reduction of operational downtime to develop a gas field.
The report segments the FLNG market by Processing Capacity (Small (0 – 2.9 MTPA), Large (3 MTPA and above)), by Type (Floating Production Platform, Regasification Platform), by Deployment (Near-shore, Offshore), by Region (North America, Europe, Asia-Pacific, Middle East and Africa (MEA), Rest of the World (RoW)).
The report studies the global FLNG market over the forecast period (2017 – 2023).
Read the article online at: https://www.lngindustry.com/liquefaction/01112017/flng-expected-to-be-the-game-changer-for-the-liquefaction-industry/