An analyst from research and consulting firm, GlobalData, has suggested that Australia should continue to focus on LNG projects rather than ‘gambling’ on floating LNG (FLNG) too soon.
GlobalData’s Upstream Analyst covering Asia-Pacific, Rebecca Wilson, said: “Technology allowing for FLNG facilities could reduce initial project costs in the near future, providing much cheaper alternatives to onshore equivalents and potentially transforming the market.”
However, she warns that “The FLNG concept is relatively new and issues are therefore likely to arise, resulting in higher operating expenditure and ultimate CAPEX, and bringing into question just how much the projects will save.”
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Adapted from press release by Callum O'Reilly