Douglas-Westwood launches new FLNG market forecast
This August, Douglas-Westwood will be launching the NEW World FLNG Market Forecast with analysis through to 2022. The Company says analysis is underway, showing mixed results for those in the industry. Early indications are that after the pioneering projects of PFLNG - SATU, Caribbean FLNG and the Prelude FLNG, further capital expenditure will be curtailed. This is due to low LNG spot-prices as a result of over-supply and budget cutbacks following the oil price downturn. As a result a number of large-scale projects which were expected to become operational over the forecast period have slipped beyond 2022. Greater attention has now shifted towards FSRUs (Floating Storage Regasification Units), which remain a strong and stable market, serving as a low-cost alternative to meeting the ever increasing need for import capacity.
Areas of focus include:
Market Drivers and Trends
FLNG Supply Chain
FLNG Import and Export Capacity
Regional Analysis
The report uses research from DW’s proprietary ‘World LNG Projects Database’ exclusive to DW. Our analyst team is involved in the gathering and analysis of FLNG market data through primary research and professional networks. A project-by-project review of development prospects drives a data-rich market model and forecast; with the timing of expenditure phased to reflect the commercial structures of likely projects.
