From Scarcity to Abundance: LNG, Oil, and the Strategic Outlook for Floaters to 2035
🚢 LNG, Coal, and the Rise of Floaters: The 2035 Reality
Global energy is shifting from scarcity to abundance. LNG supply is set to surge, yet demand isn’t fading — it’s shifting.
🔹 Marine fuel:
LNG bunkering demand is ~4 Mt in 2025 and will double by 2030 as dual‑fuel vessels multiply.
With LNG exports rising from 4.4 Tcf (2024) to 9.8 Tcf by 2037, availability will remain strong.
🔹 Power generation:
Coal still dominates electricity: ~34% globally, with China >55%, India ~78% fossil‑based, and Germany still ~21% coal.
Switching coal → LNG can cut CO₂ emissions by more than half, as natural gas emits 976 lb CO₂/MWh vs 2,257 lb from coal.
🌊 The Floater Advantage in a Price‑Cycle World
As LNG and oil move into periodic oversupply/undersupply cycles, operators need assets that adapt fast.
FPSOs and FLNG units excel because they are:
Flexible — quickly brought online in new basins.
Redeployable — shifted between fields as economics change.
Cycle‑resistant — ideal when price volatility demands shorter payback and mobility.
By 2035, we could see 100–125 new units deployed globally — the largest floater expansion ever.
In a market defined by price swings, flexibility wins. And floaters are flexibility.
Read the full article at the link below
#LNG #FPSO #FLNG #EnergyTransition #Decarbonization #Maritime #PowerGeneration #OffshoreEngineering #FloatersIntelligentia #OilAndGas #FutureOfEnergy
Eni, YPF and XRG signed a Joint Development Agreement advancing Argentina LNG project
Argentina’s LNG ambitions took a major step forward on February 12th 2026 as YPF, Eni, and XRG signed a binding Joint Development Agreement (JDA) to advance the Argentina LNG project—an integrated initiative designed to unlock the vast potential of the Vaca Muerta shale basin, one of the world’s most promising unconventional gas resources.
According to multiple official communications, the agreement marks a critical milestone toward Final Investment Decision (FID) targeted for 2H 2026.
The Argentina LNG project is set to deliver: 12 million tons per annum (MTPA) of LNG capacity via two floating LNG (FLNG) units, each with 6 MTPA capacity. This project will be fully integrated across upstream production, processing, transportation and liquefaction infrastructure.
This scale positions Argentina to become one of the leading global LNG exporters, reshaping the country’s long term energy export capabilities.
The JDA formalizes the full entry of XRG, the international gas investment arm also connected with ADNOC's global energy strategy. Their inclusion strengthens the consortium’s technical and financial depth, enhancing the project’s viability in global markets.
The agreement initiates the next development phase:
-FEED and technical structuring
-Commercial framework development
-Financing workstreams
For the FLNG community, this project is particularly notable: it combines large-scale shale gas monetization with floating liquefaction—a model increasingly relevant for speed, flexibility, and reduced onshore footprint.
It could become one of the largest FLNG-based export systems ever deployed.
#LNG #FLNG #EnergyTransition #OilAndGas #NaturalGas #GlobalEnergy #EnergyMarkets #OffshoreEngineering #ShaleGas #VacaMuerta #ArgentinaLNG #Eni #XRG #YPF #FloatersIntelligentia
LNG2026 in Doha: Key Themes, Market Signals, and the Only Major Floater‑Relevant Technology Reveal
🔍 LNG2026 in Doha — Key Highlights & the Only Floater‑Relevant Update
The LNG2026 Conference in Doha (Feb 2–5, 2026) brought together delegates from 80+ countries and 300+ companies, confirming its role as the world’s largest LNG event.
⚡ Market & Strategy
QatarEnergy CEO Saad Sherida Al‑Kaabi announced LNG capacity rising from 77 to 120 MTPA, supported by an expanding fleet targeting 200 LNG carriers.
🚢 Floater‑Relevant Highlight
The only major technology with implications for FLNG/FSRU was the announcement that GTT’s NEXT1 containment system received ABS General Design Approval at LNG2026.
Dual metallic membranes (Mark III + NO96)
Ultra‑low BOR 0.07% V/D
PU‑foam insulation for improved thermal performance
Earlier approvals from BV and Lloyd’s Register reinforce NEXT1’s readiness.
👉 NEXT1 is such a major step forward for future FLNG containment architecture that I will publish a dedicated article soon to explain why this technology matters so much for offshore LNG.
🌐 Geopolitics
Security concerns led major Japanese and European buyers to reduce or skip attendance.
➡️ Next Edition
LNG2029 will take place in Brisbane, Australia.
#LNG2026 #Doha #QatarEnergy #LNGIndustry #FLNG #FSRU #FloatingLNG #EnergySecurity #GTT #NEXT1 #LNGTechnology #MaritimeInnovation #EnergyTransition #GasMarkets #OffshoreEngineering #Shipbuilding #ContainmentSystems #GlobalEnergy
Eni becomes the worlds’s FLNG powerhouse
🚢 First Cargo from Nguya FLNG: Eni Quietly Becomes the World’s FLNG Powerhouse
The first LNG cargo from Nguya FLNG marks more than a project milestone, it signals a structural shift in the global FLNG landscape.
With Nguya now online, Eni has surpassed 6 MTPA of liquefaction capacity produced entirely from FLNG assets, a scale unmatched by any other operator.
The portfolio now includes:
-Coral Sul FLNG (Mozambique, operational)
-Tango FLNG (Congo, operational)
-Nguya FLNG (Congo, operational)
-Coral North FLNG (Mozambique, under construction)
And the trajectory is even more striking. Once Coral North FLNG enters service, expected by 2028, Eni’s floating liquefaction capacity will rise to ~10 MTPA, consolidating its position as the largest FLNG operator globally.
This is more than capacity growth. It’s a demonstration of:
-Strategic use of modular, relocatable liquefaction
-Acceleration of gas monetization in frontier basins
-A replicable model for nations seeking rapid LNG deployment
-A shift in the competitive balance between floating and onshore LNG
FLNG is no longer a niche. It’s becoming a central pillar of global LNG supply, and Eni is writing the playbook.
Coral Norte FLNG Launch Marks a New Chapter in a Rapidly Expanding Global FLNG Market
🚢 Coral Norte FLNG Takes to the Water — A Turning Point for the Global FLNG Market 🌍
Launch of the Eni's Coral Norte FLNG on January 16th 2026 at Samsung Heavy Industries’ Geoje shipyard marks far more than a construction milestone — it signals a new era for the global FLNG industry.
With 3.6 MTPA of liquefaction capacity and delivery planned for 2028, Coral Norte builds directly on the successful Coral Sul FLNG, which has already delivered over 135 LNG cargoes since 2022.
🔁 From One‑Off Megaprojects to Replication
Historically, FPSOs and FLNGs were bespoke engineering giants — but rare carbon‑copy successes like Kizomba A/B and Kaombo FPSOs proved the power of replication. Now, with Coral Norte following Coral Sul, we may finally be witnessing the first true series approach in FLNG.
🏗️ SHI & Eni: The Two Emerging Leaders
Samsung Heavy Industries has secured 6 of the 14 FLNG units ever ordered globally, positioning itself as the industry’s premier FLNG builder.
Eni is now the world’s most active FLNG operator, with four units simultaneously in operation or construction, including the newly started Nguya FLNG in Congo.
🌐 Other Key Players
PETRONAS/Golar LNG continue to expand operational and commercial FLNG footprints.
Wison New Energies is emerging as a major shipyard force with its third FLNG under construction for Indonesia.
📈 FLNG Capacity: Now and Toward 2030
Global FLNG capacity is set to triple from 14.1 MTPA (2024) to 55 MTPA by 2030.
🚀 Why This Matters
Coral Norte may become the industry’s first step toward standardization in FLNG — a shift that could lower costs, shorten schedules, reduce risk, and unlock offshore gas plays previously considered uneconomical.
In other words:
FLNG is no longer an experiment. It is becoming an industrial product.
#FLNG #LNG #EnergyTransition #GasMarkets #NaturalGas #CoralNorte #CoralSul #Eni #SamsungHeavyIndustries #SHI #MozambiqueLNG #FloatersIntelligentia #Intellis
Gastech 2025 Confirms New Energy Trends for the Floaters of the Future
Gastech 2025 Confirms New Energy Trends for the Floaters of the Future
🌍 The future of floating energy is here.
At Gastech 2025, the spotlight was on ammonia, CCS, and modular LNG as the next big drivers for FPSO and FLNG innovation.
✅ Key Highlights:
Ammonia as a marine fuel: Blue for transition, Green for zero-carbon future.
SBM Offshore : Blue Ammonia FPSO + NearZero FPSO with CCS.
Wison New Energies : Green Ammonia FPSO and FLNG partnerships.MODECC: LCO₂ Floating Storage & Injection Unit (FSIU) for offshore CCS.Technip Energiess : SnapLNG™, BlueH₂, and low-carbon ammonia leadership.
💡 Why it matters:
Ammonia is not just a fuel—it’s a hydrogen carrier, a marine decarbonization enabler, and a key pillar of the energy transition.
#Gastech2025 #FPSO #FLNG#Ammonia #EnergyTransition #CCS #Hydrogen #FloatingEnergy #Decarbonization #SBM #Modec #Wison #TEN