LNG

ASX-listed Horizon Oil has just finalised the engineering concept on its Western LNG development in Papua New Guinea. The 1.5 mpta project will generate US$20-30 billion in revenues over its lifetime, according to Horizon’s new CEO Michael Sheridan.

Leapfrogging forward, partners in the Alaska LNG project have submitted a request to export up to 20 mtpa over a 30-year period to countries that have free trade agreements with the U.S., as well as to non-FTA countries, to the U.S. Department of Energy (DoE).

With a shorter pre-FID and construction schedule, lower capital expenditure and flexibility to move it around, barge-type FLNG projects with a capacity 1 to 1.5 mtpa of having some significant advantages over large floating or land-based liquefaction projects, according to Øivin Iversen, CEO of Höegh FLNG.