'Floating Liquefied Natural Gas (FLNG) Market to be Worth $9.5bn in 2013' Says Visiongain Report

LONDON, February 20, 2013 /PRNewswire/ --

Visiongain's analysis indicates that the FLNG market will reach a value of $9.5bn in 2013, as confidence and investment continues in the regasification side of the market (FSRU) and final investment decisions are made on floating LNG production vessels (LNG FPSO). One core factor underpinning this 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. Within the next five years, the North American market will also begin exporting LNG, as a result of the shale gas revolution. FLNG will be a part of the solution that meets the ever-increasing demands on the LNG value chain.

The lead analyst of the FLNG report commented that, 'Three investment decisions have now been taken on floating LNG production vessels with more expected in the next two years. As confidence in the commercial viability, scalability and safety of deploying liquefaction technology offshore grows so will the number of projects that receive funding. It is true that this segment of the FLNG market is burdened by high capital expenditure, difficulties securing insurance and project finance, uncertainty about viability and doubts about safety; but some of the most reputable companies in the oil and gas industry are taking the step to make this concept commercially viable. On the regasification vessel side of the market, the short lead-in time needed to deploy these vessels, their competitive pricing and the shortfalls that many countries are experiencing in their natural gas supply, makes an FSRU a very attractive solution, especially for medium-term operations.'
The report contains 161 tables, charts and graphs that add visual analysis in order to explain developing trends within the FLNG market. Visiongain provides forecasts for the period 2013-2023 in terms of capital expenditure (US$) on FLNG. In addition to a global forecast, there are two submarkets - LNG FPSO and FSRU - eight regional markets and five leading national markets analyzed and forecasted. Each forecasted market includes lists of all current projects and tenders for both liquefaction and regasification FLNG vessels.

A company's chapter provides extensive and detailed profiles, analysis and outlooks for the three leading companies in the FSRU market and two leading strategic partnerships in the LNG FPSO market. These profiles include detailing strategic focus, current projects, contracts, as well as analysing future outlook for these companies in the FLNG sector. 44 other companies active in the market are also detailed. Last of all, two interviews with individuals from within the FLNG industry provide expert insight alongside Visiongain analysis.

The FLNG Market 2013-2023 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 will be crucial to the development of the global natural gas industry.

For sample pages and further information concerning Visiongain report the Floating Liquefied Natural Gas (FLNG) Market 2013-2023, please visit: http://www.visiongain.com/Report/985/The-Floating-Liquefied-Natural-Gas-%28FLNG%29-Market-2013-2023 

For an executive summary please contact: Sara Peerun sara.peerun@visiongainglobal.com or Tel: +44(0)20-7336-6100

Companies Listed

4GasAsia
AES Gener
Air Products and Chemicals Inc
Anadarko
Andhra Pradesh Gas Distribution Corporation (APGDC)
API Group
API Nova Energia
BGT Limited
Black & Veatch
BP
BW Group
BW Maritimes
Cambridge Energy Group
CB&I Lummus
CH-IV International
Chevron
Citadel Capital
CNOOC
Colbún
ConocoPhillips
Costain
Daewoo Shipbuilding and Marine Engineering (DSME)
Delek
Doris Engineering
Drydocks World
EDF (Électricité de France)
ENAGAS
ENI Group
EON Ruhrgas
Excelerate Energy
Exmar
ExxonMobil
FLEX LNG
FMC Technologies
Frontline
GAIL - Indian State Owned Natural Gas Processing and Distribution Company
Gas Sayago
Gasfin
Gasol
Gastrade
Gazprom Marketing and Trading
GDF Suez
GE Oil and Gas
Golar LNG
Golar LNG Partners
Granherne
Hiranandani Electricity
Höegh LNG
Höegh LNG Holdings
Hudong Zhonghua
Hyundai Heavy Industries (HHI)
IHI Shipbuilding (IHI)
INPEX Corporation (INPEX)
Interoil
Isramco
Israel Electricity Corporation
Japan Australia LNG
JGC Corporation
Jordanian National Electricity and Power Company
KANFA Aragon
KBR
Keppel Offshore and Marine (Keppel)
Keppel Shipyard
KOGAS
Leif Höegh & Co
Levant LNG Marketing
Linde Group
Linde Process Plants Inc.
Liquid Niugini Gas Ltd.
LTL Group
Marsh
Marsh & McLennan Companies
Meridian Holdings Co.
Meta Petroleum Corporation
MISC
MODEC
Mubadala
Murphy Oil
Nexus Energy
Niche LNG
Noble Energy
OLT Offshore
Osaka Gas
Pacific LNG
Pacific Rubiales
Pangea LNG
PERTAMINA - State Oil Company of Indonesia
Perusahaan Gas Negara (PGN)
Petrobangla - National Oil Company of Bangladesh
Petrobras
PetroChina
Petromin PNG Holdings Limited
PETRONAS
PetroSA
PetroVietnam
Pinsent Masons LLP
PNG Floating LNG
Port Meridian Energy Ltd.
PT EMP Energi Indonesia
PT Tiara
PTT
PTTEP (Exploration and Production Division of the National Oil Company of Thailand)
PV Gas (Gas Division of PetroVietnam)
Qatargas
QInvest
Reliance Industries
RINA
Royal Dutch Shell
Royal Haskoning
RWE
Saipem
Samsung C&T
Samsung Heavy Industries (SHI)
Santos
Sasol
SBM Offshore
Sembawang
Shell Developments Australia
Sithe Global Power
State Oil Company of Azerbaijan Republican (SOCAR)
Statoil
Swan Energy
Tamar Partners
Technip
Teekay Corporation
TGE Gas Engineering
TGE Marine Engineering
Total
Toyo Engineering
Tractabel Engineering
Trans-European Energy B.V.
Wison Group
Wison Offshore and Marine
Woodside
WorleyParsons
Yantai Port Group Ltd

About visiongain

Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Energy, Telecoms, Pharmaceutical, Defence, Materials sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on.

Notes for Editors

If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44(0)207-336-6100