Supplier expects boom in LNG projects

Demand for LNG is growing to such an extent that several prospectuses are needed to keep up with developments, says TechnipFMC according to news media E24. The company is seeking to halve production costs.

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The LNG market today is experiencing such large growth that several prospectuses are needed, according to oil services group TechnipFMC, to keep pace with developments, reports Norwegian media E24.

"We have seen that the next LNG wave is on its way," says group CEO Doug Pferdehirt to the media, adding that he is also expecting that several prospects will be sanctioned this year and next year.

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