The Liquefied Natural Gas (LNG) industry has seen substantial changes in recent years. The dynamics introduced by the increased gas availability in North America has generated LNG export opportunities in a region that until recently was destined to be a major importer. The continued increasing demand in Asia is driving the development of LNG projects in new regions and into environments that require new and innovative technologies. An increasing range of countries importing LNG has led to significant growth in the development in import terminals. Floating LNG (FLNG) has received considerable attention in recent years. Final investment decisions have been taken on several projects including Shell Prelude in Australia, Petronas Kanowit in Malaysia and Pacific Rubiales/Exmar in Colombia. These have given confidence to decision makers to select FLNG concepts for gas field developments, and there are many in pre-FEED and FEED phases. The selection of FLNG is being made not only for previously stranded gas fields, but also for fields that would traditionally have been developed with onshore liquefaction facilities. The term FLNG, or LNG FPSO, depicts a range of concepts from small quay-side barge mounted liquefaction units to 8 million tonnes per year full field floating production, liquefaction, storage and offloading facilities in remote harsh environments. They have in common the integration of facilities and technologies from onshore LNG and offshore marine floating production facilities. Issues of safety, reliability/availability, operations, maintainability, as well as the qualification of new technologies, need to be dealt with by separate specialists that are not normally closely interacting. As we move into the design and execution of these facilities there may be questions about the capacity in the industry to supply the engineering, fabrication and construction services. Much focus for the larger projects to date has been on the Korean shipyards for execution. At some point there may be a limit to the capacity if all the aspirations for projects are realised.