Exit puts deepwater FLNG plans in jeopardy
One of the largest LNG projects in Africa was put in peril today, as the largest backer of the Fortuna project pulled out.

Targeting deepwater LNG in Equatorial Guinea, Fortuna is expected to be the first deepwater LNG in West Africa. With water depths from 3,000 to 6,000 feet, current plans call for a floating LNG plant (FLNG), which would be one of the first in the world.

Source: Ophir Investor Presentation

Deepwater projects are typically very expensive, and FLNG plants particularly so, s...

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