Engineers in Australia are set to capitalise from the booming FLNG sector.
In its latest report, Our LNG Future: Engineering Opportunities and Challenges, Engineers Australia says the Floating Liquefied Natural Gas (FLNG) and associated subsea systems are driving the way for developments.
Furthermore the report says that Australian engineers, especially in Western Australia, are well-positioned to take advantage of these developments. The engineering industry in Australia has the skills to install, commission, operate, maintain, develop and decommission FLNG facilities.
FLNG was originally discovered in the 1970’s and it involves extracting from seabed’s, processing, liquefying and storing before offloading to a tanker. There are also plans to create pipelines from the sea to the shore. Currently, there are no such facilities, however, four are due to be set up within the next four years. This includes Shell’s $54 billion, 488 meter Prelude LNG Facility off the WA coast. KPMG consulting firm believe there could be as many as 44 FLNG plants by the end of 2022.
These plans will not only create thousands of mining jobs, but will also open up jobs in the construction industry with plants and pipelines being built.
FLNG is taking off around the world. Singapore is providing $5 million to its national university for FLNG research and expertise.