Rationale behind the Annual Forum Series
LNG-to-power projects are driving FSRU demand to a new level across Asia. With the FSRU order books pertaining expected to increase beyond 2018. By optimizing FSRUs – together with small scale LNG shipping solutions – demand aggregators will be able to provide LNG-to-power projects solutions in short and medium term markets, and to remote locations.
Developing LNG offshore infrastructure to serve a region’s power and industrial customers requires a complete end-to-end LNG value chain solution, thus this platform with open up possibilities for FSRU project implementation and collaboration between key stakeholders involved in LNG supply, infrastructure and distribution.
Floating storage regasification units are currently seen as one of the most viable market solutions for power generation. The need to meet rising natural gas demand in smaller markets and island pockets within archipelagos such as Indonesia and Philippines have made FSRUs more attractive than ever before.
Floating regasification can be seen as a flexible, cost-effective option to receive and process shipments of LNG and can function both as a transportation and regasification vessel. The deployment of floating regasification has grown rapidly recently, especially in emerging markets facing short-term supply shortages.
Small Scale LNG and Shipping will inevitably ease the distribution of LNG across South East Asia and enable direct penetration into undeveloped markets and locations. By integrating small scale LNG ships into the distribution value chain, the overall efficiencies of projects will increase.
LNG bunkering opportunities is expected to bring first-mover benefits around the region. With the availability of LNG for marine fuel looking increasing likely, current developments of small scale LNG will only make LNG bunkering a reality in South East Asia in the years ahead. With LNG emerging as fuel of choice for vessels, ferries, tugs and barges, both converting existing vessels to LNG as well as dedicated new builds will offer huge opportunities in Indonesia. Efforts to convert various shipping vessels to LNG are advancing rapidly across the marine industry.
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