After 40 years of engineering studies the first FLNG project was approved in 2011 by Shell for its Prelude field located in the Timor Sea.
Following that decision 6 further projects are now in construction albeit Rotan has just been delayed by 2 years due to current low energy prices. The first vessel to start operations is likely to be the Petronas PFLNG Satu located on the Kanowit gas field, offshore Malaysia.
The vessel sailed to the field location in May 2016 and start-up is expected in late 2016 or early 2017. The Caribbean FLNG inshore barge is complete and ready for operation but was not installed due to the lack of available gas feed and the owners Exmar are looking for another location.
A further 17 FLNG prospects have been identified representing 55 mtpa of LNG production. If half of these proceed it will result in FLNG production representing 18% of the 241 mtpa global production in 2014 – nearly a fifth of the market.