Bumi Armada develops FLNG solution

Malaysia’s Bumi Armada has received an approval in principle from classification society ABS for a floating liquefied natural gas (FLNG) solution.

Bumi Armada said in a statement the solution brings LNG to the market in a “fast-track, cost-effective, flexible, and reliable manner.”

This new FLNG concept incorporates a newly built barge-based liquefaction unit and the utilization of existing LNG carriers for storage, according to the firm.

Moreover, Bumi Armada has developed the barge-based liquefaction unit for a standardized LNG design capacity based on having a modularized and repeatable compact design, it said.

This concept allows for a phased approach to deploy parallel liquefaction units to match any required capacity for the monetization of gas, eliminating the need for large and costly onshore infrastructure, Bumi Armada said.

In addition, reusing LNG carriers is expected to provide a safe and quality option for LNG storage, the firm said.

Bumi Armada said it “firmly believes that this streamlined approach will yield substantial time and cost savings.”

The Malaysian firm recently joined forces with a unit of Indonesia’s state-owned energy firm Pertamina and also natural gas trader Davenergy Mulia Perkasa to develop a floating LNG production project based on the resources from the Madura gas field and its surrounding fields.

Under the deal, Bumi Armada and Pertamina International Shipping will design, engineer, construct, install, commission, hook up, and operate a floating natural gas liquefaction and storage facility, together with an LNG carrier.

The partners expect first shipment of LNG to take place three years after making a final investment decision.

Most Popular

Atlantic LNG shipping rates, European prices down

Atlantic LNG freight shipping rates and European prices decreased this week compared to the week before.

Glenfarne becomes majority owner of Alaska LNG

US energy firm Glenfarne has signed definitive agreements with state-owned Alaska Gasline Development Corporation to become the majority owner of the giant Alaska LNG export project.

Petronas to supply LNG to PetroVietnam Gas

Malaysian energy giant Petronas will supply liquefied natural gas (LNG) to PetroVietnam Gas, a unit of state-owned PetroVietnam, next month. The two firms will also look into the possibility of signing long-term LNG contracts.

More News Like This

ABS explores potential of nuclear-powered LNG carriers

US classification society ABS released a study investigating how a small modular reactor could power a standard liquefied natural...

Wison gets ABS nod for new FLNG design

ABS granted the approval in principle to Wison on September 19 during the Gastech conference in Houston. The classification society...

Bumi Armada, Pertamina join forces on Madura FLNG project

Malaysia’s Bumi Armada is joining forces with a unit of Indonesia's state-owned energy firm Pertamina and natural gas trader...

Hanwha Ocean gets ABS OK for ammonia-powered LNG carrier

South Korean shipbuilder Hanwha Ocean, previously known as DSME, has received an approval in principle from classification society ABS...