Snapshot of 2011 Asian FLNG…
- 2011 is the year that investment & interest in FLNG will rekindle.
- In 2010, the FLNG Market was worth $492 Million in 2010, but economic recovery is expected to spike investment.
- Douglas Westwood estimates that $28 billion will be spent on FLNG terminals from 2011-2017, with $5.3 billion in Australia & $4.7 billion in Asia.
FLNG will come on-stream by 2016…
- 80% believe 2016 will see fully operational FLNG projects in Asia Pacific.
- Those who believe otherwise pointed out that:
- FLNG will be a niche production method like Gas-to-Liquids.
- Unconventional gas could keep gas prices low making FLNG uneconomical
Here are five essential ways attending the FLNG Summit Korea 2011 will impact your plans for development:
- Develop robust, cost effective strategies for progressing FLNG projects
- Get critical insight to overcome commercial and engineering challenges from comprehensive stakeholder base ranging from operators to owners, engineering firms to shipyards, regulators to classification societies
- Understand the lessons that can be transferred from FPSOs and FRSUs
- Understand the diverse tactics being implemented in real FLNG projects - real world case studies and operator experiences from Interoil Pacific LNG, and Flex LNG
- Define strategies that effectively combine commercial viability, FLNG topside considerations, shipbuilding technologies, regulatory challenges
09.00 InterOil Corporation: Developing mid-sized modular, land-based LNG, and Floating LNG in Papua New Guinea
- An LNG development company with significant exploration potential
- Innovative and cost effective approach to resource monetization suitable for the region
- Eastern Papua Basin: an under-explored province with outstanding resource potential
09.40 Project economics – the FLNG paradigm shift
- Using FLNG to monetize land gas
- Project financing and investment challenges and managing risk
- Assessing the major cost drivers associated with FLNG projects
- Developing a robust overall cost estimation of FLNG projecting overall risk to determine asset and production security
10.20Panel session: determining project scale for FLNG
- Assessing the likely success and timing of future FLNG projects
- Forecasting CAPEX for the FLNG sector over the next 5 years
- Critical drivers for the substitution of FLNG over conventional LNG
- What are the commercial parameters need to make FLNG project viable - will FLNG be a viable game changer for the LNG sector?
- What is the right scale for FLNG projects - key criteria of small vs. large
- Investigating the cost effectiveness and utility of effectiveness of a small size FLNG Vessel for stranded fields
- Selection of containment systems and their impact on RISKEX, CAPEX and OPEX
VP, Capital Markets