Asia-focused Lloyds Energy Ltd. reported Thursday that the firm was formed to develop liquefied natural gas (LNG) liquefaction and export projects utilizing near-shore Floating LNG (FLNG) technology with feedstock gas supplied from existing pipeline infrastructure.
Any future project utilizing Lloyd Energy’s near-shore FLNG technology would include the following facilities within its scope:
To lead, manage and implement the delivery of future near-shore FLNG projects, Lloyds Energy is building an internal team of FLNG specialists, many of whom have experience from the Prelude, Coral, Bonaparte and Abadi FLNG developments. The Company has also engaged the services of several engineering companies and EPCIC shipyards, which are considered FLNG industry market-leaders.
As an example, KBR has been awarded the contract to develop the Front End Engineering Design (FEED) for the topside and hull of future near-shore FLNG barges. This FEED work commenced at the beginning of April, with completion anticipated before the end of 2Q 2016. WorleyParsons previously completed pre-FEED activities in October 2014, on schedule and within budget.
Lloyds Energy CEO, Konstantinos Mitropoulos stated:
“Our vision at Lloyds Energy is to successfully deliver, through near-shore FLNG technology, a viable alternative to traditional and capital intensive onshore LNG developments.
“Our first project will be planned as a phased development comprising a near-shore FLNG facility with 2.5 million tons per annum (Mtpa) nominal capacity and Lloyds Energy is presently assessing a range of potential near-shore FLNG locations. The ultimate objective is to establish a program of multiple near-shore FLNG projects, based on one single and original design.
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