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Floating LNG projects benched as US shale floods market

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Published Sun, Mar 5, 2017 · 09:50 PM

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ONCE considered the future of gas production, floating liquefied natural gas (FLNG) projects have been firmly relegated to the backburner as global gas producers seek cheaper ways to compete with a surge in US shale supplies and slumping prices.

FLNG projects - mega tankers fitted with gas extraction and liquefaction facilities - allow producers to tap offshore gas wells and ship LNG without having to build costly pipelines to onshore plants.

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