FLOATING LNG 2017
SMi’s 5th annual Floating LNG conference will provide attendees with an all-encompassing, robust and strategic insight on the latest developments within the Floating LNG market. The conference will provide the best platform for participants to optimise activities and ensure project sustainability and success. This conference will equip you with the tools to overcome the logistical, financial, technological and economic challenges associated with FLNG Facility deployment and ensure succinct transition from design to operation. Despite challenging market conditions, global capital expenditure (Capex) on FLNG facilities is forecast to increase significantly over the 2016-2022 period. The protracted oil price downturn has impacted the sanctioning of capital intensive liquefaction units over the last 24 months. However, the need to move towards cleaner sources of energy and diversify gas supply has stimulated the floating regasification market – over 14 countries are expected to commission their first floating import unit over the forecast period. Global expenditure is expected to peak in 2017 as the first wave of sanctioned projects come onstream. Reduced project sanctioning will likely impact the market towards the end of the decade – with expenditure forecast to decline significantly in 2019 – before stagnating over the 2019-2021 period. Long term prospects are positive, a marginal uptick in spending is expected in 2022, driven by the sanctioning of a second wave of capital intensive liquefaction projects. Over the forecast period, Africa and Asia will be key areas for liquefaction and regasification units – with both regions accounting for 54% of total global expenditure.