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Ah, yes. The BOE got me confused.. Calculation makeover: We consume about 50 million BOE of natural gas per day[1], so this vessel will fulfill 0.2% of the cur

• jofer 11y ago
  Of total gas production, yes. However, LNG is a different story. Unless I'm doing the math wrong (which is quite possible), this facility alone will produce ~2% global LNG production. (This facility has a capacity of up to 5.3 mmtpa, while global production of LNG in 2014 was 246 mmtpa.) I'm not saying it's dwarfing global supply, but a single facility producing 2% of the global output is a pretty big deal. Of course, global LNG output will probably be significantly higher by the time this facility comes on-line, and 5.3 mtpa is its maximum production. At any rate, it doesn't really detract from what you were saying overall, but this is a very major player in the LNG market.