Floating LNG is having its moment. Once dismissed as costly and unreliable, FLNG is now one of the fastest-growing segments in the gas industry—and analysts at Rystad Energy say global FLNG capacity is on track to more than triple by 2030, reaching 42 million tonnes per annum (Mtpa), and climbing to 55 Mtpa by 2035. That’s nearly 4x the 14.1 Mtpa recorded in 2024. What’s changed? For starters, utilization rates are up—averaging 86.5% in 2024 and holding at 76% this year—putting FLNG on par with traditional onshore…
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