FLNG World 2014, Floating Liquefaction & Floating Terminals

29-30 Apr, 2014 - Kuala Lumpur, MALAYSIA

Impiana Hotel KLCC

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"New Opportunities from Soaring investments in Floating Liquefaction and Regasification projects in the region"

 

"Milestones achieved by operators and project experiences shared"

 

Facts : 3 FLNG projects in the lead

 

Malaysia's Petronas awards EPCIC deal for 2nd FLNG project

Singapore (Platts) 13 Feb 2014 

 

Meanwhile Petronas FLNG 1 to be moored at the Kanowit field offshore Sarawak is on track to start operations by the end of 2015 and has a design capacity of 1.5 million mt/year . This project is expected to increase Malaysia's total LNG production capacity from 25.7 mpta to 26.9 mpta.

 

Wison Installs Topsides Liquefaction Equipment on Caribbean FLNG Project

Rigzone Tuesday, December 10, 2013 

 

Said to be the first to come onstream will be Pacific Rubiales' La Creciente field development onshore Colombia, which will produce 0.5 mtpa via a leased vessel from Exmar starting in 2014.

 

Shell's Prelude field in Browse Basin, Australia will be the largest offshore floating facility ever built and will produce at least 5.3 million tonnes per annum (mtpa) of liquids when completed, targeted in 2016. 

 

The FLNG industry is on the sunrise as experts forecast there will be a need for more FLNG production vessels as projects takes shape offshore Malaysia, Australia, Colombia. 

 

According to Douglas-Westwood's research, the market for the construction of FLNG vessels is expected to increase from $3.7B in the period 2007-2013 to $64.4B during 2014-2020." 

 

Technical challenges from evaluating liquefaction processes for FLNG, train capacity equipment count, topside , weight, size and layout limits as important considerations in designing the vessel. 

 

Commercial challenges from contract structures to financing considerations are important for all parties from operators to shipyards and vessel builders. 

 

Key Highlights:

  • Contractual methods for structuring floating LNG projects, IP Issues on technology
  • Global project updates and operators' perspective
  • Securing Finance for Floating Liquefaction and Floating terminals - Financiers’ perspective on technology risks
  • Topside Design Challenges
  • World’s first permanently moored offshore FSRU - Overview of the technical, authorisation, commercial aspects of the project from concept to delivery

PLUS An hour breakfast talk on Day 2 on
A-Z on Contractual methods for structuring floating LNG projects

  • operator's risk , gas ownership interests
  • Intellectual Property - FLNG technology and who owns the IP, what can you do with it ? Can you use the technology for a different field ?
  • Overall legal structure models for FLNG projects which project structure is most appropriate for a FLNG plant
  • integrated model, transfer pricing model or tolling model
  • Insurance policies and limits and what operators should be aware of
 

Why Malaysia?

In addition to having 2 FLNG projects announced , Malaysia is recognised as one of the world's largest LNG exporters.

 

The country however currently experiences a geographic disparity of natural gas supply and demand. Natural gas demand is primarily from the power and industrial sectors in West Malaysia, while gas supply is in the eastern states of Sarawak and Sabah. 

 

The limited gas supplies and rising demand in the western part of the country has triggered investments in regasification terminals , opportunities in floating terminals also considered. 

 

Wison Wins Contract for Second Floating LNG Regasification Unit

World Maritime News Feb 13th, 2014


Slated to be the next generation floating regasification solution, this innovative and flexible barge-based regasification concept will further increase the competitiveness of LNG with the addition of a floating storage unit.

 

Swan Energy gets green nod for Floating LNG terminal at Pipavav
Business Standard Ahmedabad December 16, 2013 

 

Swan Energy Ltd is in the process of developing the first FSRU project for imports of LNG in India at existing Pipavav port in Gujarat. 

 

 

 

Confirmed Speakers
  • Jakob Stampe, Managing Director - Hoegh LNG Asia
  • Gary Martin, Sales Director - Asia B&V Energy
  • Kris Martinick, LNG Projects Development Manager - Wison Offshore & Marine, Asia Pacific
  • Tor Skogan, Vice President LNG, Moss Maritime
  • Ravi Suri, Head of Project Export Finance, Standard Chartered Bank
  • Jason Waldie, Director, Douglas - Westwood Singapore
  • Anthony Purcell, Sales Director - South Asia, Gas Processing & Hydrogen, Honeywell UOP
  • Robert Shivers, Principal, LoneStar FLNG
  • P Sugavanam, Director, Swan Energy
  • Tony Regan, Tri-Zen
  • Jeff Baker, Energy Compliance Technical Manager, Australasia, Lloyds Register International
  • Peter Carolan, Managing Director, OLT Offshore
  • Travis Maurer, First Vice President, Sumitomo Mitsui Banking Corporation

 

Don't Delay, Send in your bookings today and contact us to find out how you can enjoy group discounts. Email Ms Huiyan at huiyan@cmtsp.com.sg

 

Industry News Who Will You Meet Be a Sponsor or Exhibitor!

Wison Installs Topsides Liquefaction Equipment on Caribbean FLNG Project

 

World FLNG Industry to Attract Over USD 70 Bn Investments Through 2020

 

Equatorial Guinea aims for FLNG, to build oil terminal

 

US FLNG - setting the scene for something big

 

Nod for Scarborough FLNG

Oil & Gas Producers, EPCs - Companies providing engineering, consulting, construction and support services to the oil & gas industry - Traders - Importers & Distributors - Power companies - Gas processors - Export/Import terminal operators - Ship Owners, Brokers & Charterers, Shipyards, Fabricators - Logistics/Pipeline - Storage Facilities - Technology Licensors, Refiners - Investment Banks - Marine insurance cos, Risk Managers - Analysts - Government / Regulators - National Oil Companies

This event is an excellent platform to promote your organization to influential players and investors in the industry. Sponsorship opportunities available include Corporate, Exclusive luncheon & Cocktail sponsor.

 

Exhibition / catalogue display can be arranged upon request. Contact nisha@cmtsp.com.sg or (65) 6346 9130

News Feed

JGC Corp and Samsung Heavy Industries secure EPCIC contract for Petronas’s second FLNG project

Posted on : 03 Apr, 2014

 

While it's first FLNG project is underway in South Korea, Malaysia's oil & gas giant Petronas has already begun work on planning and executing its second FLNG project. The state-owned oil company has awarded the engineering procurement, construction, installation, commissioning (EPCIC) contract to the consortium of JGC Corp, Samsung Heavy Industries, JGC (Malaysia) Sdn Bhd and Samsung Heavy Industries (M) Sdn Bhd.

 

Planned to be moored at the Rotan gas field in deep water Block H, offshore Sabah, the second FLNG facility will have a liquefaction capacity of 1.5 million mt/ year, and begin operations by early 2018, Petronas confirmed.

 

The first floating LNG facility vessel (PFLNG 1) has already begun the keel laying process at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea. PFLNG 1 will be moored at the Kanowit field, off Sarawak with a design capacity of 1.5 million mt/year, which is expected to begin operations by end of 2015.


The other key companies working closely with Petronas are Murphy Oil - secured the FID of the project, while JGC-Samsung venture and a consortium comprising Japan's Mitsui Ocean Development and Engineering IHI, Toyo Engineering and US-based CB&I are awarded the work of front-end engineering design study on the FLNG project.


More on Petronas's FLNG/ FSRU updates as well as opportunities for ship builders, fabricators, logistics/ pipeline/technology licensors, refiners, investment bankers will be discussed at CMT's FLNG World 2014 - Floating Liquefaction & Floating Terminals on 29-30 April, 2014, in Kuala Lumpur.

 

For enquiries on registrations, contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113.

 

Read more>>>

Shell’s Prelude – hull of world’s biggest floating vessel and first FLNG plant floats out of South Korea, Browse to follow suit

Posted on : 20 Mar, 2014

 

World FLNG industry is expected to attract over USD 70 billion Investments through 2020 according to the LNG Analysis Study published by the Market Publishers. Every known oil & gas company is trying to capitalize on the untapped FLNG sector. Royal Dutch Shell PLC has completed building the hull of the world's largest floating facility - named Prelude. Measuring 488-meter (1,600 foot), Prelude was built and then floated out of the dry dock in Geoje, South Korea on 3rd Dec, 2013 - making it the biggest vessel ever sent to sea. Expected to begin operations in 2017, Prelude will help Shell process natural gas off the coast of western Australia.

 

The vessel will float above gas fields and anchored about 200 km off the Australian coast. It has a capacity of 600,000 tons (with its storage tanks full) which is equivalent to 110,000 barrels of oil per day in natural gas. Prelude is so robust that it can withstand a category 5 cyclone.

 

Once operational, it is expected to produce about 3.6 million tons of LNG a year (mtpa) along with its 5.3 mtpa of liquids and other hydrocarbons - which is actually much lesser in quantity as compared to some of the land-based LNG plants.

 

Estimated to be built at a staggering cost of over $12 billion, experts say it could be a game changer for the oil and gas industry. However, its economic viability will only be known in next few years.

 

Taking the next steps with Browse

 

With Prelude, Shell has the first mover advantage in FLNG, therefore it has already chalked out the designs for the next vessel - larger and tougher than Prelude. It aims at building a vessel that can last for 25 years in the Indian Ocean's "cyclone alley" off Australia's northwest coast.

 

It is named as the Browse project, for which Shell has once again collaborated with Samsung Heavy Industries and built it in the latter's Geoje shipyard in South Korea. Like Prelude, Shell plans to use Browse to explore FLNG off the coast of Australia. Browse will be almost similar to Prelude.

 

Apart from Shell, there is PETRONAS in Malaysia and Exmar that have already begun building FLNG vessels. There are also the likes of ExxonMobil, PTT in Thailand, BHP, and many others that are coming forward to explore FLNG opportunities.

 

CMT is holding its first FLNG World conference in Kuala Lumpur on 29-30 April, 2014 to encourage discussions among key players on the latest trends & developments in the FLNG industry.

 

For enquiries, please contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113.

 

Read more>>>

 

Shell's massive Prelude hull world's biggest-ever floating vessel and first ocean-based LNG plant
World FLNG Industry to Attract Over USD 70 Bn Investments Through 2020

PETRONAS expected to be world’s first company to begin FLNG operations in 2015

Posted on : 15 Jan, 2014

 

Malaysia's PETRONAS is one of the first companies in the world to start constructing a floating LNG facility. Known as the Kanowit, the FLNG facility is currently under construction at the Daewoo Shipbuilding & Marine Engineering (DSME) in Okpo, South Korea.

 

In June 2012, Petronas Floating LNG 1 (Labuan) signed a US$ 771 million engineering, procurement, construction, installation, and commissioning (EPCIC) contract with the Technip-DSME consortium. While Technip is designing the topsides in Kuala Lumpur and Paris, Daewoo's Okpo yard is catering to the hull engineering and construction of the facility.

 

The FLNG vessel is expected to be world's first floating liquefaction unit in operation when deployed in 2015. It will operate at the Kanowit gas field, 180km offshore Bintulu, Malaysia. With an annual capacity of 1.2 million tons, the facility will help PETRONAS monetize its upstream stranded gas assets and reduce the provisioning of fixed infrastructure costs. The FLNG facility is expected to increase Malaysia's total LNG production capacity from 25.7 mpta to 26.9 mpta.

 

FLNG is said to be a game changer in the oil & gas industry as it can go a long way in meeting the growing energy appetite in cities of Bangladesh, China, India, Indonesia, and Vietnam in a cost-effective manner. Consumers who are currently dependent on pipeline gas, can get flexible supply with FLNG. In fact a study by Market Publishers states that the world FLNG industry is expected to attract over USD 70 billion investments through 2020. Every known oil & gas company is trying to capitalize on the untapped FLNG sector.

 

CMT is proud to host its first FLNG World conference to Kuala Lumpur, Malaysia on 29-30 April, 2014.

 

For enquiries on registrations, please contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113.

 

Read More>>>


Petronas' Kanowit field FLNG facility under construction
World FLNG Industry to Attract Over USD 70 Bn Investments Through 2020