Global demand for natural gas could rise by more than half by 2040, according to the International Energy Agency. Many natural gas resources are located in offshore fields, but geographic, technical and economic limitations make a number of these challenging to develop.
Floating liquefied natural gas (FLNG) technology is designed to overcome these challenges. It is complementary to conventional onshore Liquified Natural Gas (LNG) as it helps accelerate the development of gas resources to meet the world’s growing demand.
How does FLNG technology work?
FLNG technology makes the production, liquefaction and storage of natural gas possible at sea. LNG is transferred directly from the floating facility to specific carriers, for convenient shipping to countries around in the world.
Aboard an FLNG facility, natural gas produced from underwater fields is processed and chilled to -162° Celsius (-260° Fahrenheit). This shrinks its volume by 600 times to create LNG. The advanced design of facility’s on-board LNG plant packs a typical land-based LNG plant into a fraction of its normal size.