I heard a report on the radio this morning that Royal Dutch Shell is building a huge ship that is in fact a factory to convert natural gas to LNG. The reporter noted the rapid rise in Natural Gas prices and the confidence that Royal Dutch Shell has in the future of the industry.
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CM, there are several potential LNG supply projects that would utilize a floating liquefaction plant. Shell's Prelude may be just the first to actually be built.
Shell decides to move forward with groundbreaking Floating LNG
20/05/2011
Shell announces final investment decision on Prelude Floating LNG project in Australia.
The Board of Royal Dutch Shell plc (Shell) has taken the final investment decision on the Prelude Floating Liquefied Natural Gas (FLNG) Project in Australia (100% Shell), building the world’s first FLNG facility. Moored far out to sea, some 200 kilometres from the nearest land in Australia, the FLNG facility will produce gas from offshore fields, and liquefy it onboard by cooling.
The decision means that Shell is now ready to start detailed design and construction of what will be the world’s largest floating offshore facility, in a ship yard in South Korea.
From bow to stern, Shell’s FLNG facility will be 488 metres long, and will be the largest floating offshore facility in the world – longer than four soccer fields laid end to end. When fully equipped and with its storage tanks full, it will weigh around 600,000 tonnes – roughly six times as much as the largest aircraft carrier. Some 260,000 tonnes of that weight will consist of steel—around five times more than was used to build the Sydney Harbour Bridge.
http://www.shell.com.au/home/content/aus/aboutshell/media_centre/ne...
Do you suppose these floating plants represent a maturation and development of the natural gas industry? Are these 'pointers' to a long term trend towards the utilization of natural gas for the future of our energy needs? I have supposed that when the big players begin investing large amounts of money in the natural gas industry that we will see the trend towards the use of natural gas ramp up.
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
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