Floating LNG – Groundbreaking Innovation Becoming a Reality

While today's volatile business environment – including the global financial<br>crisis; technological advancements, maturing 'easy gas' developments, heightened<br>environmental scrutiny and an overheated construction market may have delayed FIDs<br>for LNG projects, this same combination of forces and trends have led to the energy<br>industry's renewed interest in Floating LNG (FLNG) and a growing belief that its<br>time may have finally come, at least for a few of the interested parties and as<br>evidenced by Shell taking FID on the Prelude FLNG Project in Australia.