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Whilst the concept of FLNG might not be entirely novel, what is new is the sheer scale of some of the projects currently proposed or under construction. According to our Reference Case, more than 42mtpa of FLNG capacity could be added to the market by 2023, which is more than South Korea’s consumption in 2013. Although FLNG is designed to liquefy and market gas like an onshore plant, its offshore location means that a straightforward comparison is difficult to make. In particular FLNG’s limited scope for economies of scale suggests that the technology will remain reserved for particular circumstances. Whilst on the one hand only large-scale FLNG projects such as Prelude are viable options to develop larger offshore fields, on the other hand the associated technological complexity will prevent FLNG from being a cheaper alternative.