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

Yang Ming books LNG-powered containerships in South Korea

Taiwan’s Yang Ming Marine Transport has decided to order LNG dual-fuel container vessels from South Korea's Hanwha Ocean as part of its ongoing fleet optimization plan.

Sabah to take stake in Petronas’ third FLNG

SMJ Energy, owned by the Sabah government, has signed a heads of agreement with Malaysian energy giant Petronas to take a 25 percent stake in the latter's third floating LNG production unit.

Japan’s LNG imports drop in June

Japan’s liquefied natural gas (LNG) imports dropped by 2.8 percent in June compared to the same month last year, according to provisional data released by the country’s Ministry of Finance.

More News Like This

Samsung Heavy develops new FLNG concept

South Korean shipbuilding giant Samsung Heavy Industries has received approvals from three classification societies for its new multi-purpose FLNG concept.

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...