Small-scale FLNG consortium eyes Australia pilot site

Modec

17/10/2017 14:32

OSLO, Oct 17 (Reuters) - Norway's Add Energy, Australia's 
Transborders Energy and other partners will pick a site early 
next year for a low-cost floating liquefid natural gas (FLNG) 
development, the Norwegian consultancy firm said on Tuesday. 
    The project will target relatively small discovered gas 
reservoirs of between 0.5 trillion and 2 trillion cubic feet, 
finds that would otherwise be too expensive to extract due to 
their remote location or high facility development costs. 
    "Offshore Australia has been identified as suitable for an 
initial pilot project, with a target resource to be confirmed 
early 2018 and the project to be reach Final Investment Decision 
by 2020," Add Energy said in a statement. 
    The FLNG vessel that the consortium aims to construct, will 
have a production capacity of about 1 million ton of LNG per 
year. 
    TechnipFMC  FTI.N  and MODEC  6269.T , will be the 
engineering, procurement, construction and installation (EPCI) 
partners in the project. 
 
 (Reporting by Lefteris Karagiannopoulos, editing by Terje 
Solsvik) 
 ((lefteris.karagiannopoulos@thomsonreuters.com; +47 23316519; 
Reuters Messaging: 
lefteris.karagiannopoulos.thomsonreuters@reuters.net)) 
 
Keywords: NORWAY AUSTRALIA/LNG