Floating LNG projects are accelerating at record pace, with today’s estimated 16 million tonnes of liquefaction capacity forecast to climb to 42 million tonnes by 2030 and to 55 million tonnes by 2040, according to Oslo-based Rystad energy.
At end-2025, eight FLNG facilities were in production with another nine projects under construction, adding more than 20 million tonnes of capacity in countries including Cameroon, Republic of Congo, Mauritania, Mozambique, and Senegal.
Floating projects are facilitating access to large volumes of LNG that would otherwise stay locked under land and sea.
Although early projects such as Shell’s Prelude, a newbuild in western Australia, were