It's taken almost 10-years to plan and install but the world's biggest floating vessel, the 535-yard long liquefied natural gas (LNG) production barge Prelude has just shipped its first gas from Australia to customers in Asia. A project of oil and gas major Royal Dutch Shell, Prelude displaces 600,000 tons which makes it five-times the size of the biggest aircraft carrier in the U.S. fleet. A Spanish-registered LNG carrier, Valencia Knutsen, received the first LNG from Prelude. Making Money From Remote GasShell made the move into floating LNG production as part of a plan to "monetize" remote gas deposits. There are a number of gas deposits around the Australian coast considered suitable to conversion to LNG aboard Prelude or other floating liquefaction vessels.

Source: Forbes June 11, 2019 06:00 UTC