Floating Liquefied Natural Gas(LNG) Market to Register Capital Expenditure of $7.17bn in 2016

Monday 4 April 2016, Amsterdam

The new 315 page report, now available on ASDReports, the Floating Liquefied Natural Gas (FLNG) Market: 2016-2026: CAPEX and Capacity Forecasts for LNG FPSOs and FSRUs indicates that capital expenditure (capex) on FLNG projects will total $7.17bn in 2016, with the liquefaction (LNG FPSO) part of the market worth $5.06bn, and the regasification (FSRU) part of the market seeing capex of $2.11bn.

The lead analyst of the report commented that, “The floating liquefied natural gas (FLNG) market is developing quickly, with the first LNG FPSOs scheduled for delivery in 2016 and the number of countries ordering FSRUs expanding. Though the impact of lower oil prices and an oversupplied LNG market are creating challenges for project economics, the FLNG market will continue to register strong growth over the coming decade.”

The report includes forecasts for the LNG FPSO and FSRU parts of the market, broken down into capex and capacity forecasts for 8 regional markets and 10 leading national markets. The report also includes capex forecasts by LNG FPSO component and capacity forecasts by LNG FPSO liquefaction technology. In addition, details and analysis are provided for all existing, under construction and planned LNG FPSO and FSRU vessels, while a companies’ chapter offers profiles and market shares for the leading companies in the FLNG market. An exclusive interview from Javid H. Talib from Black & Veatch provides expert opinion alongside forecasts and analysis.