The PETRONAS Floating LNG concept was envisaged to monetize stranded gas resources. At the same time, PETRONAS has also exploring the development of Floating Compressed Natural Gas (FCNG) and Floating Gas to Liquids (FGTL) as part of the "Technology Challenge Initiatives". In completing the elements in the overall LNG value chain, an FSRU will also become one of the fast track method to import LNG especially to the non-LNG importer country.
The two floaters namely PFLNG1 & PFLNG2 was built by PETRONAS to monetize the gas for offshore Sarawak and Sabah respectively which in turn increased the country's LNG production capacity. As part of the aim to commit to green house or flaring mitigation, PETRONAS is also gearing up towards the evaluations of miniscale Floating CNG vs Floating GTL. On the supply side, the development of Floating Storage Regasification Unit (FSRU) is believed to be an added value to PETRONAS as one of the biggest LNG exporter in the world.
The fast track nature of the project presents a challenge to the Gas and Upstream Business in meeting the target date. The advantages of having a floating facilities as a solution to monetize the stranded gas field and mitigating the flaring/ venting activities will be covered considering the risk identified throughout the development phases. The important of front end engineering has led to a fit for purpose design and excellent construction methodology.
The famous debate with regards to offshore vs onshore gas development will be revisited aligned with the technology maturity and market availability. Speaker will review the new facilities as a viable option in the future for any gas developments requiring a quick solution. Extensive technology selection exercises were conducted in finalizing the turret mooring, gas treating, liquefaction, regasification, cargo containment and offloading systems.
Designers and licensors have done rigorous design optimisation and marinization studies on impact of floater motion where it was evaluated against an extensive list of criterias. Specific offshore and marine technology selection for the facilities will be discussed in the effort of realizing the aim to bring conventional gas facilities to offshore environment. Speaker will share the challenges in selecting the right equipments in order to suit the condition including sea state, weather and regulatory requirements.