In an effort to save money , the company plans to build a natural gas processing plant on board gas giant larger than a military aircraft carrier . The move is seen cheaper than building an industrial complex on land that is expensive .
The emergence of a floating liquefied natural gas vessel or FLNG shows how global competition to supply natural gas to cheaper Asian countries helped promote the technology in the oil and gas sector .
Oil and gas exploration now dive further in remote ocean . The size of the gas reserves are found also reduced . With this consideration , build a FLNG vessel that can move the location is considered more economical .
Manufacture of FLNG projects also requires only " about two -thirds the time required to build the plant on the ground , " said Ciaran McIntyre , chief compliance project at Lloyd 's Register in Korea . Mill in onshore projects also prone delayed because of bureaucratic reasons , the high price of land , labor costs are high , and a number of environmental regulations . According to McIntyre , ship building sector efficiency will also develop the gas industry and support the Asian gas supply in the future .
The concept of a floating gas plant so far untested , although hydrocarbon -based facilities the ship has been in existence since decades . However, the floating plant will be the first facility in the liquefying temperature of -160 degrees Celsius above the sea .
The world's first FLNG vessel appears to be owned by a joint gas project Texas company , Excelerate Energy LP , and the Toronto company , Pacific Rubiales Energy Corp. . FLNG in the Colombian coastal scheduled to start operations in the first quarter of 2015. The floating gas plant will have a capacity production of 500,000 tons per year and built in China by Wison Group based in Shanghai .
Nevertheless, the most talked about projects in Gastech annual conference in Seoul last week is the Prelude FLNG Project . It is a massive project led oil giant Royal Dutch Shell PLC with colleagues including Inpex Corp. ( Japan ) , Korea Gas Corp. ( SOEs South Korea ) , and Taiwan's CPC Corp .
Prelude is predicted to be the largest building ever built floats humans . Prelude will have a length of about 488 meters - or more than four football fields - and a width of 74 meters . The factory production capacity of 3.6 million tons of LNG per year , enough to meet the annual gas demand of Hong Kong .
Prelude which was built by Samsung Heavy Industries is expected to completed in the first half of 2016. Gas industry observer estimates the project will cost about $ 11 billion - $ 12 billion .
Other projects are being worked on , among others, belong Woodsie Browse Petroleum Ltd. in Australian waters , Shell Abadi project off the coast of Indonesia, and two projects from the Malaysian state company , Petroliam Nasional Bhd .WSJ
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