U.S. FLNG Market to Witness Substantial Gains over 2017-2024, Surge in Oil Prices to Influence the Industry Dynamics
The significant plunge in oil price trends that has created a challenging environment for the LNG sector, can be primarily credited for FLNG market growth. Against this backdrop, conventional LNG players are embarking on experiments based on FLNG technology. Though still a niche segment, FLNG market has of late gained a global attention, given the enough substantiations backing its competitive viability over traditional onshore liquification plants. Beneficial fiscal initiatives undertaken by the government with regards to energy supply security is...
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