Tag: LNG

Filter By:

Filter

Hyundai Heavy Develops its own FLNG Model

Liquefied Natural Gas (LNG) has emerged as an increasingly important clean energy source Liquefied Natural Gas (LNG) has emerged as an increasingly important clean energy source, particularly following the devastating earthquake and tsunami that struck Japan and triggered one of the world's worst nuclear disasters.With the increasing demand for LNG, it has become more attractive to oil and gas majors to develop "stranded gas" in offshore fields. With this in mind, Korea's Hyundai Heavy Industries, working with German industrial gas and engineering firm Linde AG, has completed developing its own Hyundai FLNG (Floating Liquefied Natural Gas Plant) concept.The FLNG concept is a special floating vessel that can produce natural gas, liquefy it, and offload it directly to an LNG carrier. HHI conducted risk and safety evaluations of the FLNG and received approval-in-principle from classification society DNV. HHI says the Hyundai FLNG takes 25% less time to build compared to the onshore liquefaction and storage plant, making it an attractive option for oil majors and global shipping companies looking to commercialize stranded gas in offshore fields.The Hyundai FLNG has an annual production capacity of 2.5 million tons of LNG and can store about 193,800 m3 LNG with its compact size of ...

Read moreDetails
Page 125 of 125 1 124 125