No surprise that they are going with FLNG, really the only option now a days as I have said. You shouldn't count your chickens before they hatch though JFT, these deals now a days have a tendency to not have the upside that they had in previous years. Investment dollars to the tune of $5+ bill comes with strings, it's not all blue sky out there in the LNG market as previous deals have reflected. Here a positive view longer term...
Total Says Gas Market to `Tighten Progressively' This Decade, Opening Gaps
By Brian Murphy -
Sep 15, 2010 3:53 AM ET
Wed Sep 15 07:53:39 GMT 2010
Total SA said that the global gas
market will “tighten progressively” this decade as demand
rises and conventional gas production declines.
Gas demand in Asia and Europe may increase 5.7 percent and
1.7 percent respectively a year this decade, while North
American demand is likely to rise 1.3 percent a year, Total said
in a presentation on its website today.
Europe and Asia will be increasingly be dependent on LNG
imports amid declining production of conventional gas in
Europe’s North Sea and limited production of unconventional gas
in Asia, Total said.
There is a need for new LNG projects to meet future demand
growth, with committed projects accounting for only 25 percent
of the 25 billion cubic feet a day needed by 2020, Total said.
Japan and South Korea are the top two LNG importers and are
dependent on gas imports to meet demand.
