An item over the weekend with some background on developments in floating liquefied natural gas (FLNG)
There is nothing new, but it's a reminder of what's been going on in that space.
- FLNG projects have been firmly relegated to the backburner as global gas producers seek cheaper ways to compete with a surge in U.S. shale supplies and slumping prices
- monthly U.S. LNG exports have risen above 1 million tonnes since the start of this year
- Hit a record 1.05 million tonnes in February (Thomson Reuters Eikon trade flow data)
- 8.6 billion cubic feet per day of U.S. gas production (68.3 million tonnes per annum of LNG) is currently under construction and scheduled to come on stream by 2020