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China pumps cash into Africa floating LNG projects

It is betting on a largely untested technology in the hope that energy markets will recover by the time they start production in the early 2020s
Wednesday, June 28, 2017 - 05:50

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China is making a strategic push into FLNG, aiming to become the lowest-cost seller of the complex floating plants and lead the global rollout of a technique that remains in its infancy.

London

CHINA plans to pour almost US$7 billion into floating liquefied natural gas (FLNG) projects in Africa, betting on a largely untested technology in the hope that energy markets will recover by the time they start production in the early 2020s.

Western banks are wary due to

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