Critical FLNG Project Enablers: Identified Risks and Mitigation
- Type: Conference Presentation
- Conference Type:
AIChE Spring Meeting and Global Congress on Process Safety
- Presentation Date:
March 15, 2011
- Skill Level:
Energy demand in the next two decades is expected to increase by 50 percent or more driven by the engine of economic growth. In parallel, the global demand for natural gas is anticipated to grow faster than the overall demand for liquid and fossil fuels. Economical monetization of stranded reserves to the market is key component in order to meet overall natural gas demand.
It is believed that floating LNG plant is a viable and becomes industry trend in near future to develop significant associated and non-associated reserves at deepwater or other remote locations. The development of these stranded reserves is critically dependent on enabling technologies, their relative maturity and cost effectiveness in application. The scale of gas reserves, distance to markets, and supply volatility will all determine the optimum technology invoked for FLNG.
This paper presents risks associated in project developing of a medium scale FLNG plant and discusses their risks mitigation.