You are here

FLNG to draw USD 64.4bn in investments by 2020 – DW market report

09th January 2014

Burgeoning FLNG market to witness increased investments, infrastructure and facilities – says Douglas-Westwood market report

FLNG to draw USD 64.4bn in investments by 2020 – DW market report
Additional floating regasification units will be approved, particularly in Asia and Latin America

The FLNG market will see “increased investment and activity” over the course of the decade, drawing total expenditure of USD 64.4bn until 2020, a new market report from energy research analysis firm Douglas Westwood suggests.

 

Report author, Amanda Tay, commented: “FLNG Capex is expected to increase significantly over the next seven years. Year-on-year growth over this period is forecast to average 64% per annum and DW expect the increase to be more pronounced after the successful start-up and operation of the pioneer FLNG vessels, such as Shell’s Prelude FLNG and Petronas’ PFLNG 1.”

 

Liquefaction infrastructure will account for two-thirds of the projected expenditure, DW’s report claims, with the remainder from import and regasification facilities. Additional floating regasification units will be approved, particularly in Asia and Latin America.