Add Energy Plans Pilot Project in Australia for Small FLNG Vessel

Norway-based Add Energy is planning to use small floating liquefied natural gas (FLNG) vessels to unlock standard gas fields; offshore Australia is pencilled in for the initial pilot project, the company said October 17.

It has partnered with Australia’s Transborders Energy to create a rapid deployment business model for the FLNG industry that Add Energy says will free up small-scale stranded resources around the world.

The business model targets already-discovered gas resources of roughly 0.5 trillion cubic feet to 2 trillion cubic feet of gas “that have little value to their current owners because they are either in remote locations where tieback is capital intensive, or lack an economically viable development concept,” Add Energy said.

The pilot project slated for offshore Australia is to have a target resource confirmed in early 2018 and be ready for a final investment decision by 2020.

The vessel to be used at the project is expected to have a capacity of around 1 million metric tons/year of LNG, it said. 

Nathan Richardson