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.

- Advertisements -

Most Popular

Golden Pass LNG contractor Zachry files for bankruptcy

US construction company Zachry said on Tuesday it has filed for bankruptcy, initiating a structured exit from the Golden...

Adnoc buys stake in NextDecade’s Rio Grande LNG project

UAE’s Adnoc has purchased an 11.7 percent stake in the first phase of NextDecade's Rio Grande LNG export terminal...

Tellurian updates on Driftwood LNG construction work

US LNG terminal developer Tellurian released the latest construction update for the first phase of its Driftwood LNG terminal...

More News Like This

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...

GTT gets ABS OK for LNG-powered VLCC, Suezmax

French LNG containment giant GTT has received approvals in principle from classification society ABS for an LNG-powered VLCC, an...

GTT joins forces with ABS and DHT on LNG-powered VLCC design

French LNG containment giant GTT is joining forces with classification society ABS and crude oil tanker operator DHT to...