Wednesday, 7 December 2011

New Floating LNG Gas Terminals

As the world continues to look for a fuel to meet the ever growing global demand many alternatives are emerging to solve the problem. Due to its lower CO2 emissions than oil and coal, natural gas is presenting itself as viable and cost effective alternative with many developments in progress in the field like shale gas and the renaissance of Floating LNG Terminals (FLNG).

While many are striving to get a head start on the controversial shale gas rush others are seeking cost effective alternatives to extract natural gas in offshore areas too far or too small to warrant a pipeline to shore.

One of the biggest challenges of offshore LNG extraction is the transportation to shore often done by expensive pipelines, which also limits how far offshore the fossil fuel can be extracted. Floating LNG terminals have proven to be a cost effective alternative to that problem.

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