Europe’s Dash for Energy Means Rigging Up LNG Plants at Sea
- Floating vessels emerge as alternative to large, fixed plants
- Proposed capacity equal to about a third of 2021 LNG trade
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As Europe scrambles to replace Russian gas with supplies from across the globe, producers are turning to a new technology to drill quickly and cheaply: small floating plants out at sea, often made out of old tankers.
While liquefied natural gas is conventionally made at large plants on the coast, connected by pipelines to production fields, companies are streamlining the process by using specialized ships and platforms that can produce the super-chilled fuel at sea.