China Eyes Using FLNG Vessel to Develop South China Sea Reserves

摘要

Chinese energy giant CNOOC Group is studying the possibility of building a multi-billion-dollar floating liquefied natural gas (FLNG) vessel, an as-yet untried technology that would likely be used to produce gas from the deep waters of the South China Sea. While the state-run company has made no public announcement, a pre-feasibility study was well under way, CNOOC and other industry officials said. FLNG ships are ocean-based liquefaction plants that can be positioned above reserves too remote or too small to develop using undersea pipelines viable for production.