Floating Liquefied Natural Gas(FLNG) market to be worth $11.845BN in 2014, Says the New Study on ASDReports

Wednesday 10 December 2014, Amsterdam

The new analysis now available on ASDReports, indicates that the FLNG market will reach a value of $11.845bn in 2014, as confidence and investment continues in the regasification side of the market (FSRU) and final investment decisions continue to be made on floating LNG production vessels (LNG FPSO). The key factor underpinning this investment is the arbitrage opportunity that exists between the supply and demand sides of the global natural gas market, and the need to expand the LNG value chain in as many suitable ways as possible.

The FLNG market is forecast to experience strong expansion over the next five years, reaching peak levels of CAPEX in 2018. In the second half of the 10-year forecast, the report forecasts that spending will decline slightly, but remain at similarly strong levels as the LNG value chain as a whole continues to grow.

The lead analyst of the FLNG report commented that, ‘FLNG technology often allows for timelier, less costly and more flexible solutions than onshore liquefaction or regasification facilities. The floating liquefaction side of the market may face strong barriers to entry due to requisite high capital expenditure, and difficulties securing insurance and project finance. Yet a clear sign the market is on the cusp of strong growth is that a range of vessels are now under construction – from EXMAR and Pacific Rubilaes’ small-scale vessel to Shell’s large-scale LNG FPSO – with some due to produce first gas as early as 2015. The strength of this market is also underwritten by consistent investment in FSRU vessels, which have been invaluable for the redistribution of natural gas around the world, and will continue to be over the next ten years.’

The 228 page report contains 168 tables, charts and graphs that add visual analysis in order to explain developing trends within the FLNG market. The report provides forecasts for the period 2014-2024 in terms of capital expenditure (US$) on FLNG. In addition to the global forecast, there are two submarkets – LNG FPSO and FSRU – eight regional markets and five leading national/sub-regional markets analysed and forecast. The forecasts include a breakdown of all current contracts on and tenders for FLNG vessels, while regional liquefaction and regasification capacity forecasts are also included within the report.

A Leading Companies chapter provides extensive profiles, analysis and outlooks for five leading FLNG developers in the FSRU and LNG FPSO markets, and three leading constructors in the industry.  These profiles include detailing strategic focus, current projects, contracts and M&A activity, as well as analysing future outlook for these companies in the FLNG sector. In addition, six leading service providers are highlighted, and a total of 35 other companies active in the market are detailed. Furthermore, an interview with EXMAR Marine provides expert insight alongside analysis.

Floating Liquefied Natural Gas (FLNG) Market Forecast 2014-2024: Prospects for Leading Companies in LNG FPSO & FSRU report will be of value to current and potential future stakeholders and/or investors in the FLNG industry. It will also benefit companies and research centres that wish to broaden their knowledge and understanding of a niche market that is becoming crucial to the development of the global natural gas industry.