Floating LNG: Revolution and evolution for the global industry?
11 December 2014, 3:00PM - 4:00PM, EST
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.
December 11 (Click link to launch on-demand webcast replay)
Mary Hemmingsen, Partner, Advisory Services, Leader for LNG and Power and Utilities, KPMG in Canada
Emma Wild, Head of Upstream Advisory Practice, KPMG in the UK
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.