Tag: FSRU

Japanese shipping company MOL and South Korean shipbuilder DSME have successfully carried out a demonstration test of a Cryo-Powered Regas System for FSRU at DSME's Okpo shipyard.

Turkey’s new floating storage and regasification unit (FSRU) is expected to enter Turkish waters within the month.

The Korean company Daewoo Shipbuilding & Marine Engineering (DSME) along with the Mitsui O.S.K. Lines recently shake their hands and inked an agreement in order to develop new technologies, reducing the environmental affects of the Floating Storage and Regasification Unitis (FSRU).

The Bulgarian Government will invest in the Alexandroupolis FSRU terminal in Greece aiming on a wider diversity of its sources of supply, while the project is set to begin operations in September 2022, as Reuters informed.

Lithuanian LNG and oil terminal operator AB Klaipedos Nafta (KN) inked a EUR 134.1 million loan agreement with Nordic Investment Bank (NIB) to optimize costs of its LNG terminal. The 25-year maturity loan will be directed to finance the rent payable for the FSRU Independence. 

Royal Vopak announced that it acquired a 49% shareholding in Sociedad Portuaria el Cayao (SPEC) in Cartagena, Colombia. SPEC is the only LNG import facility in Colombia and has been operating for three years, since 2016. The LNG import facility includes an LNG jetty, onshore infrastructure and a 9.2 km gas pipeline which links SPEC to the national gas grid.

MOL and Karadeniz Holding A.S. (Karadeniz) announced that MOL and Karpower International B.V. (Karpowership), a subsidiary of Karadeniz, have agreed to jointly conduct the first LNG-to-Powership project under the co-brand Karmol in Mozambique.

A consortium comprising of China Petroleum Pipeline Engineering Co Ltd, Aktor S.A. and Metron S.A., Hudong-Zhonghua Shipbuilding Co. Ltd and Wilhelmsen Ship Management Limited, was announced as the preferred bidder for a contract, which sees the construction of an LNG terminal, near Vassiliko Port in Cyprus.

The European Commission greenlights Croatian plans to support the construction and operation of a LNG terminal at Krk island, as they are in compliance with the EU state aid rules. The project will participate in the security and diversification of energy supplies. 

Total inked an agreement for the development of an LNG import floating terminal in Benin; the FSRUs are a better investment for an oil and gas company, in comparison to LNG carriers, as Drewry previously stated. Therefore, in order to take advantage of a FSRU's benefits, one has to get an insight on how it works.