Research and development moves rapidly in the oil and gas industry. However, few could have foreseen the pace at which floating LNG (or FLNG) vessels are now becoming "commoditised".

The technology that has enabled this development is the retro fitting by major vessel operators of existing LNG carriers with topsides using established liquefaction processes (typically from either Air Products or Black and Veatch). This 'commoditised' market is now gathering momentum, with one project operational and a number of others proceeding to FID.

We look at the development and financing of the next generation of FLNG vessels, which are significantly cheaper and quicker to deploy than the highly bespoke (and expensive) vessels deployed to date by a number of the majors. Now that the first of these vessels has been successfully financed and deployed, we have seen significant client interest.

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