1. Executive Summary
1.1 Introduction to the Floating Liquefied Natural Gas (FLNG) Industry
1.2 The Global Market for FLNG
1.3 FLNG Market Drivers
1.3.1 Improvements in Subsea Technology
1.3.2 Deep Water
1.3.3 Monetisation of Stranded Gas
1.3.4 Increasing Natural Gas Demand
1.3.5 FLNG Faster and Cheaper
1.3.6 Economic Flexibility
1.4 FLNG Market Restraints
1.4.1 Onshore Liquefaction Terminals
1.4.2 The FLNG Business Chain
1.4.3 Capital Costs and Size
1.4.4 Complexity of Floating Liquefaction
1.4.5 Unconventional Gas
1.4.6 Logistics and Extreme Weather
1.4.7 Decision Making
1.5 The Outlook for the FLNG Industry
2. Introduction to the FLNG Market
2.1 Vessels Used in the LNG Industry
2.2 Liquefaction and Regasification
2.2.1 Liquefaction
2.2.2 Regasification
2.3 The LNG and FLNG Value Chain
2.4 Why the Move to FLNG Facilities?
2.5 Major Countries in the FLNG Market
2.6 Benefits of this report
2.7 Methodology
3. The Global FLNG Market 2011-2021
3.1 Global Market Spending on FLNG Forecast 2011-2021
3.1.1 Analysis of Global Market Spending on FLNG 2011-2021
3.2 Global Market Spending on FLNG Production Forecast and Analysis 2011-2021
3.3 Global Market Spending on Regasification Vessels Forecast and Analysis 2011-2021
4. Regional FLNG Markets 2011-2021
4.1 South American FLNG Market Forecast and Analysis 2011-2021
4.1.1 Brazilian FLNG Market Forecast and Analysis 2011-2021
4.1.2 South American Non-Brazilian FLNG Market Forecast and Analysis 2011-2021
4.2 Australasian FLNG Market Forecast and Analysis 2011-2021
4.2.1 Australian FLNG Market Forecast and Analysis 2011-2021
4.2.2 Papua New Guinea FLNG Market Forecast and Analysis 2011-2021
4.2.3 Further Areas in the Australasian FLNG Market Forecast and Analysis 2011-2021
4.3 European FLNG Market Forecast and Analysis 2011-2021
4.4 African FLNG Market Forecast and Analysis 2011-2021
4.4.1 Nigerian FLNG Market Forecast and Analysis 2011-2021
4.4.2 Angolan FLNG Market Forecast and Analysis 2011-2021
4.4.3 Equatorial Guinea FLNG Market Forecast and Analysis 2011-2021
4.4.4 Further Areas in the African FLNG Market Analysis 2011-2021
4.5 Asian FLNG Market Forecast and Analysis 2011-2021
4.6 North American FLNG Market Forecast and Analysis 2011-2021
4.7 Middle Eastern FLNG Market Forecast and Analysis 2011-2021
4.8 Southeast Asian FLNG Market Forecast and Analysis 2011-2021
4.8.1 Indonesian FLNG Market Forecast and Analysis 2011-2021
4.8.2 Malaysian FLNG Market Forecast and Analysis 2011-2021
4.8.3 Other Southeast Asian FLNG Markets Forecast and Analysis 2011-2021
5. FLNG Designs and Concepts
5.1 FLNG Liquefaction Designs
5.1.1 Flex LNG
5.1.2 Shell
5.1.3 Petrobras
5.1.4 Höegh LNG
5.1.5 Inpex Corporation
5.1.6 Santos and GDF Suez
5.1.7 Excelerate Energy
5.1.8 Other Liquefaction Designs
5.2 Floating Regasification Sites and Vessels
5.2.1 Excelerate Energy
5.2.2 Golar LNG
5.2.3 Höegh LNG
6. SWOT Analysis of the FLNG Market 2011-2021
6.1 Strengths
6.1.1 Plentiful Stranded and Associated Gas Opportunities
6.1.2 Increase in Global Gas Demand
6.1.3 Cost Effectiveness and Faster Build Time
6.1.4 Lack of, and Difficulty with Building Onshore Import Terminals
6.2 Weaknesses
6.2.1 High Capital Investment
6.2.2 No Universal Gas Pricing Index
6.2.3 Struggle to Complete LNG Chain
6.3 Opportunities
6.3.1 FLNG Producers to Reduce Lead Time
6.3.2 FLNG Instead of Onshore Facilities
6.3.3 Flexibility of FLNG
6.4 Threats
6.4.1 Onshore Facilities Saturating Market
6.4.2 Unconventional Gas Discoveries
6.4.3 FLNG is Still an Unproven Technology
7. Expert Opinion
7.1 Höegh LNG AS
7.1.1 Business Chain Vital to FLNG Projects
7.1.2 Fundamental Drivers of the FLNG Market
7.1.3 SRVs: a Solution to Permanent Regasification Terminal Permitting
7.1.4 The Biggest Risks of FLNG Production
7.1.5 Major Restraints to the FLNG Production Market
7.1.6 Potential Areas for FLNG Regasification and Production
7.1.7 Prospects for FLNG Production Outside Key Areas
7.1.8 FLNG Has a Strong Future
7.1.9 Positive Progress for Höegh LNG's LNG-FPSO Concept
7.1.10 Höegh Could Have First Floating Production
7.1.11 The Optimal FLNG Production Capacity
7.2 Kanfa Aragon AS
7.2.1 A Focus on Gas Solutions
7.2.2 Experience and Knowledge Create Expertise
7.2.3 The Aragon Optimised Expander Cycle
7.2.4 Drivers of the FLNG Market
7.2.5 High Capital Investment Not Necessarily Restricting Market Growth
7.2.6 Major Restraints to the FLNG Market
7.2.7 Prospective Areas for FLNG
7.2.8 First FLNG Production by 2015
7.2.9 Leading FLNG Designs
7.2.10 Decision Making A Game Changer
7.3 Costain Energy and Process
7.3.1 Cryogenic Specialists are Vital for FLNG
7.3.2 FLNG Engineering Extremely Complex
7.3.3 Nitrogen-Cycle Ideal for Medium and Low Capacity Liquefaction
7.3.4 Costain and Kanfa Aragon Work Together on Flex LNG's Producer 1
7.3.5 FLNG Technology Has Been Around for a Long Time
7.3.6 Drivers of the FLNG Market
7.3.7 Restraints of the FLNG Market
7.3.8 The Best Opportunities for FLNG
7.3.9 Potential for Offshore Processing of Onshore Gas
8. Leading Companies in the FLNG Market
8.1 Leading Energy Companies Involved in FLNG
8.1.1 BG Group
8.1.2 Chevron Corporation
8.1.3 ConocoPhillips
8.1.4 ExxonMobil Corporation
8.1.5 Gasol Plc
8.1.6 GDF Suez
8.1.7 Inpex Corporation
8.1.8 Petrobras
8.1.9 Royal Dutch Shell Plc
8.1.10 Santos Ltd.
8.1.11 Woodside Energy Ltd.
8.2 Shipping and Offshore Contractors Involved in FLNG
8.2.1 BW Offshore AS
8.2.2 Excelerate Energy
8.2.3 Exmar N.V.
8.2.4 Golar LNG
8.2.5 Höegh LNG
8.2.6 Teekay Corporation
8.3 Design and Engineering Companies Involved in FLNG
8.3.1 Flex LNG
8.3.2 Kanfa Aragon (Sevan Marine Group)
8.3.3 Kellogg, Brown and Root Inc. (KBR)
8.3.4 Saipem S.p.A.
8.3.5 Single Buoy Mooring Offshore N.V. (SBM)
8.3.6 Technip
8.4 FLNG Vessel Manufacturers
8.4.1 Daewoo Shipbuilding and Marine Engineering (DSME)
8.4.2 Hyundai Heavy Industries (HHI)
8.4.3 Keppel Shipyard Ltd.
8.4.4 Mitsubishi Heavy Industries (MHI)
8.4.5 Samsung Heavy Industries (SHI)
8.4.6 STX Europe AS
8.5 Liquefaction Specialists in the FLNG Industry
8.5.1 Black & Veatch Corporation
8.5.2 Costain Energy and Process
8.5.3 Linde AG
9. Conclusions
9.1 Outlook for the Global FLNG Regasification Market
9.2 Outlook for the Global FLNG Production Market
9.3 Areas of High Growth
9.4 Areas of Medium Growth
9.5 Areas of Low Growth
9.6 Final Concluding Remarks
10. Glossary
List of Tables
Table 1.1 Drivers and Restraints of the Global FLNG Market 2011-2021
Table 3.1 Global FLNG Market Forecast 2011-2021 ($m, AGR%)
Table 3.2 Global FLNG Market Forecast CAGR (%) 2011-2021, 2011-2016 and 2016-2021
Table 3.3 Global FLNG Production Market Forecast 2011-2021 ($m, AGR%)
Table 3.4 Global FLNG Production Market Forecast CAGR (%) 2011-2021, 2011-2016 and 2016-2021
Table 3.5 Global Regasification Market Forecast 2011-2021 ($m, AGR%)
Table 3.6 Global Regasification Market Forecast CAGR (%) 2011-2021, 2011-2016 and 2016-2021
Table 4.1 Regional FLNG Market Forecasts 2011-2021 ($m, AGR%)
Table 4.2 South American FLNG Market Forecast 2011-2021 ($m, AGR%)
Table 4.3 South American FLNG Market Forecast CAGR (%) 2011-2021, 2011-2016 and 2016-2021
Table 4.4 Brazilian FLNG Market Forecast 2011-2021 ($m, AGR%)
Table 4.5 Brazilian FLNG Market Forecast CAGR (%) 2011-2021, 2011-2016 and 2016-2021
Table 4.6 South American Non-Brazilian FLNG Market Forecast 2011-2021 ($m, AGR%)
Table 4.7 South American Non-Brazilian FLNG Market Forecast CAGR (%) 2011-2021, 2011-2016 and 2016-2021
Table 4.8 Australasian FLNG Market Forecast 2011-2021 ($m, AGR%)
Table 4.9 Australasian FLNG Market Forecast CAGR (%) 2011-2021, 2011-2016 and 2016-2021
Table 4.10 Australian FLNG Market Forecast 2011-2021 ($m, AGR%)
Table 4.11 Australian FLNG Market Forecast CAGR (%) 2011-2021, 2011-2016 and 2016-2021
Table 4.12 Papua New Guinea FLNG Market Forecast 2011-2021 ($m, AGR%)
Table 4.13 Papua New Guinea FLNG Market Forecast CAGR (%) 2011-2021, 2011-2016 and 2016-2021
Table 4.14 European FLNG Market Forecast 2011-2021 ($m, AGR%)
Table 4.15 European FLNG Market Forecast CAGR (%) 2011-2021, 2011-2016 and 2016-2021
Table 4.16 African FLNG Market Forecast 2011-2021 ($m, AGR%)
Table 4.17 African FLNG Market Forecast CAGR (%) 2011-2021, 2011-2016 and 2016-2021
Table 4.18 Nigerian FLNG Market Forecast 2011-2021 ($m, AGR%)
Table 4.19 Nigerian FLNG Market Forecast CAGR (%) 2011-2021, 2011-2016 and 2016-2021
Table 4.20 Angolan FLNG Market Forecast 2011-2021 ($m, AGR%)
Table 4.21 Angolan FLNG Market Forecast CAGR (%) 2011-2021, 2011-2016 and 2016-2021
Table 4.22 Equatorial Guinea FLNG Market Forecast 2011-2021 ($m, AGR%)
Table 4.23 Equatorial Guinea FLNG Market Forecast CAGR (%) 2011-2021, 2011-2016 and 2016-2021
Table 4.24 Asian FLNG Market Forecast 2011-2021 ($m, AGR%)
Table 4.25 Asian FLNG Market Forecast CAGR (%) 2011-2021, 2011-2016 and 2016-2021
Table 4.26 North American FLNG Market Forecast 2011-2021 ($m, AGR%)
Table 4.27 North American FLNG Market Forecast CAGR (%) 2011-2021, 2011-2016 and 2016-2021
Table 4.28 Middle Eastern FLNG Market Forecast 2011-2021 ($m, AGR%)
Table 4.29 Middle Eastern FLNG Market Forecast CAGR (%) 2011-2021, 2011-2016 and 2016-2021
Table 4.30 Southeast Asian FLNG Market Forecast 2011-2021 ($m, AGR%)
Table 4.31 Southeast Asian FLNG Market Forecast CAGR (%) 2011-2021, 2011-2016 and 2016-2021
Table 4.32 Indonesian FLNG Market Forecast 2011-2021 ($m, AGR%)
Table 4.33 Indonesian FLNG Market Forecast CAGR (%) 2011-2021, 2011-2016 and 2016-2021
Table 4.34 Malaysian FLNG Market Forecast 2011-2021 ($m, AGR%)
Table 4.35 Malaysian FLNG Market Forecast CAGR (%) 2011-2021, 2011-2016 and 2016-2021
Table 4.36 Other Southeast Asian FLNG Markets Forecast 2011-2021 ($m, AGR%)
Table 4.37 Other Southeast Asian FLNG Markets Forecast CAGR (%) 2011-2021, 2011-2016 and 2016-2021
Table 5.1 Most Likely Concepts for Floating Liquefaction 2011-2021
Table 5.2 Other Potential Floating Liquefaction Developers
Table 5.3 Worldwide Floating Regasification Terminals 2010
Table 6.1 Strengths, Weaknesses, Opportunities and Threats of the FLNG Market 2011-2021
List of Figures
Figure 1.1 LNG Imports as a Percentage of Total Gas Imports Forecast 2011-2021 (%)
Figure 1.2 Number of Known Stranded Gas Fields Worldwide by Size (bncm)
Figure 2.1 Current and Ordered LNG Fleet Numbers as of Year End 2010 (Units)
Figure 2.2 Simplified Flow Diagram of Liquefaction Process
Figure 2.3 The LNG Value Chain
Figure 2.4 The FLNG Value Chain
Figure 2.5 The World's Top Ten Countries in Terms of Proven Gas Reserves (tcm)
Figure 2.6 Country Breakdown of LNG Exports 2010 (%)
Figure 3.1 Global FLNG Market Forecast 2011-2021 ($m)
Figure 3.2 Regional FLNG Market Forecast Comparison 2011-2021 ($m)
Figure 3.3 Comparison of FLNG Regasification and Production Facility Spending Forecast 2011-2021 ($m)
Figure 3.4 Global FLNG Production Market Forecast 2011-2021 ($m)
Figure 3.5 Global Regasification Market Forecast 2011-2021 ($m)
Figure 3.6 Global Regasification and Production Market Comparison 2011 (%)
Figure 3.7 Global Regasification and Production Market Comparison 2016 (%)
Figure 3.8 Global Regasification and Production Market Comparison 2021 (%)
Figure 4.1 South American FLNG Market Forecast 2011-2021 ($m)
Figure 4.2 Brazilian FLNG Market Forecast 2011-2021 ($m)
Figure 4.3 South American Non-Brazil FLNG Spending Forecast 2011-2021 ($m)
Figure 4.4 Australasian FLNG Market Forecast 2011-2021 ($m)
Figure 4.5 Australian FLNG Market Forecast 2011-2021 ($m)
Figure 4.6 Papua New Guinea FLNG Market Forecast 2011-2021 ($m)
Figure 4.7 European FLNG Market Forecast 2011-2021 ($m)
Figure 4.8 African FLNG Market Forecast 2011-2021 ($m)
Figure 4.9 Nigerian FLNG Market Forecast 2011-2021 ($m)
Figure 4.10 Angolan FLNG Market Forecast 2011-2021 ($m)
Figure 4.11 Equatorial Guinea FLNG Market Forecast 2011-2021 ($m)
Figure 4.12 Asian FLNG Market Forecast 2011-2021 ($m)
Figure 4.13 North American FLNG Market Forecast 2011-2021 ($m)
Figure 4.14 Middle Eastern FLNG Market Forecast 2011-2021 ($m)
Figure 4.15 Southeast Asian FLNG Market Forecast 2011-2021 ($m)
Figure 4.16 Indonesian FLNG Market Forecast 2011-2021 ($m)
Figure 4.17 Malaysian FLNG Market Forecast 2011-2021 ($m)
Figure 4.18 Other Southeast Asian FLNG Markets Forecast 2011-2021 ($m)