Allowing for the commercialization of natural gas deposits too small or remote to economically produce.
CNG represents the commercialization of small amounts of natural gas, where LNG pipelines do not currently exist, it is considered complementary to the LNG transportation industry, rather than competitive.
Together with Sea NG, Marubeni and Enbridge (together the Sea NG Alliance) we are working to develop CNG projects worldwide. The typical demand requirement ranges between 25 mmscfd to 300 mmscfd. Teekay’s role in each new project will be to manage the construction and operation of each CNG vessel.
We are looking at vessel conversions and newbuilds for FLNG projects with a production capability ranging from 0.5 MTA to 2 MTA. ABS awarded our solution concept approval in principle in 2008.
*ABS approved Sea NG's Coselle and ship design, a world first.