Floating LNG refers to a system in which a set of operations and processes are performed for the development of offshore-based natural gas reserves. Floating LNG systems are mainly used for the production, liquefaction, storage, and transfer of LNG from offshore gas reserves to onshore areas. A floating LNG facility produces LNG directly on the offshore floating system, which undergoes a different process, and is stored in vessels or tanks and is finally transported to onshore. The entire value chain of floating LNG system is shorter than the common onshore LNG system. All the equipment, facilities, and other processes in a floating system take place in a single enclosed structure, thereby using just one-third of the space required by normal LNG system. Therefore, the use of floating LNG system eliminates the need for long-distance pipelines and onshore infrastructure and therefore ultimately reduces the disturbance to the surrounding environment and minimizes the development costs to a large extent.
The analysts forecast the Global Floating LNG market to grow at a CAGR of 15.2 percent over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the Global Floating LNG market for the period 2015-2019. The report includes the segmentation of the Global Floating LNG market on the basis of type of floating LNG terminal.
The report, the Global Floating LNG Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Floating LNG market landscape and its growth prospects in the coming years. The report includes the geographical segmentation of the Global Floating LNG market. It also includes a discussion of the key vendors operating in this market.
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Royal Dutch Shell
Samsung Heavy Industries
Other Prominent Vendors
Daewoo Shipbuilding and Marine Engineering
Hyundai Heavy Industries
Growing Offshore Field Developments
Design and Construction Challenges for Floating LNG Facility
Increase in LNG Exports
Key Questions Answered in this Report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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