About
Lead times have historically been a problem for the LNG industry: upstream - the time it takes to bring proven gas reserves into production, and downstream - the time to develop regas plant and associated infrastructure. Our lean organisational structure, coupled with the simplicity of our solutions, speeds up the process. A floating facility takes less time to build than a land-based facility. Reduced lead times mean a quicker return on investment - and therefore a more attractive investment proposition. The costs of producing, liquefying, transporting and regasifying natural gas are much higher than the costs in an equivalent oil supply chain. The high unit cost of supply has led operators to pursue ever-larger land-based facilities to achieve economies of scale. In many cases, these projects have cost substantially more than anticipated. Golar has developed more cost-competitive floating liquefaction solutions for projects of varying sizes. Many previously uneconomic pockets of stranded gas can now be monetised. This will add to reserves and will further underpin the long-term attractiveness of gas. Our innovative FLNG solution, which focusses on the liquefaction of clean, lean, pipeline-quality gas, is one of the cheapest and cleanest liquefaction alternatives in today's market. Speed of Execution
Low Cost
