Floating LNG

The world demand for gas is growing rapidly. The IEA forecasts that the world’s primary energy needs are to grow by more than 50% between 2005 and 2030 and liquefaction capacity will need to increase fivefold to meet this increased demand.
 
Such a capacity increase requires fields conveniently located close to large onshore facilities to make such facilities economically viable. 
 
A lack of suitable plant sites, planning issues, extreme supply chain pressures and limited human resources for engineering and construction have caused recent delays in new large-scale LNG facilities.
 
Attention is turning to the alternative of exploiting stranded offshore gas fields and the monetization of this resource via floating production, liquefaction, storage and offloading vessels (Floating LNG production).  
 
Costain’s rich heritage in cryogenic gas processing enables us to offer effective solutions to the issues associated with the liquefaction of natural gas on floating facilities.