Floating LNG: Revolution and evolution for the global industry?
3 April 2015 - 14 May 2015, 11:00AM - 12:00PM, SGT
New interest in floating liquefied natural gas (FLNG) has been sparked by a variety of challenges in onshore projects, particularly cost and schedule overruns. FLNG has emerged as an attractive alternative to traditional land-based plants that meet one or more of 10 needs: developing small or remote fields, avoiding constrained onshore locations, reducing environmental footprint, lowering capital costs, easing competition for scarce construction resources, accessing a reliable contractor system, avoiding onshore security or political challenges and accessing a wider range of financing options.
Managing FLNG projects is not radically different from traditional projects, and most of the technical challenges should be familiar. The construction of floating production, storage and offloading (FPSO) vessels provides valuable insights relating to the successful management of such shipyard construction and integration projects. Developers will also have to consider some novel financial, legal, tax and regulatory issues and manage stakeholders, who will see different impacts from FLNG versus onshore facilities. As experience is gained, FLNG could offer significant cost and schedule reductions, making future LNG supply more competitive, diverse and market-responsive.
LAUNCH WEBCAST (Click link to launch on-demand webcast replay)
Hilda Mulock Houwer, Partner and Global Advisory Leader, Energy & Natural Resources, KPMG in Qatar
Jonathan Smith, Partner, Energy and Natural Resources, Oil and Gas Sector Leader, KPMG Australia
Mina Sekiguchi, Managing Director, Head of Energy & Infrastructure, KPMG in Japan and Head of Energy & Natural Resources, KPMG in Asia Pacific
Nobuo Tanaka, Professor GraSPP, the University of Tokyo, Global Associate for Energy Security and Sustainability, Institute of Energy Economics Japan and former Executive Director of the International Energy Agency
Who should watch?
This webcast is a must for energy and natural resources executives involved in strategy, project management, infrastructure, finance, supply chain, risk management, operations, legal, compliance, M&A and human resources. LNG proponents and buyers and Engineering, Procurement and Construction contractors would also benefit.