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T
he global LNG
landscape has
evolved dramatically
over the last decade. Industry
dynamics have been driven
by new gas discoveries
on the supply side, while
shifting demographics and emerging economies have
impacted demand. As a result, the number and size of new
liquefaction facilities, both planned and currently under
construction, have increased significantly. Although lower
oil and gas prices have forced closer scrutiny of short-term
capital investments, some
industry experts anticipate an
increase in demand of 65%
by 2025, which will require
more liquefaction capacity.
Geography is also key
here. Liquefaction plants are
part of the delivery process, catering to the growing
demand for gas from energy-intensive economies, but their
location also needs to be carefully considered. The
feasibility to process gas at the best cost has seen a
growing interest in floating LNG (FLNG) vessels over
Shawn Statham,
Pentair Valves & Controls,
explains why valve design
and application is critical to
developing a safe LNG project.
THE
