The LNG industry is venturing into new territory as it approaches an unprecedented wave of expansion.
The LNG industry is venturing into new territory as it approaches an unprecedented...
The liquefied natural gas (LNG) industry is venturing into new territory as it approaches an unprecedented wave of expansion. While there are technical challenges, more important are the non-technical challenges, including budget and project overruns, a limited pool of skilled labor, high capital costs, competition from other projects, pricing, increased regulatory burden, complex contractor relationships, infrastructure and supply chain issues, and insufficient 'big picture' government engagement.
Delivering new LNG projects successfully requires strategic project framing from the start, strong governance, holistic operating models, creating a risk management culture, proactive internal and external stakeholder management and alignment, supply chain planning, as well as ensuring regulatory and human resource considerations are central.
The global liquefied natural gas (LNG) market is transforming.
A transforming LNG market is marked by globalization, changing pricing models, and major..
To ensure that new LNG projects are viable, and to extract maximum value from existing projects, proponents and operators have to unlock their supply chain.
After a lengthy period of R&D starting in the 1970s, floating LNG (FLNG) plants are on the verge of entering service, with five due to begin operations between 2015-19. Sixteen other FLNG projects have been announced as probable and 21 as possible.