Frsu News

Japanese shipping major Mitsui O.S.K. Lines (MOL) has entered into an agreement with Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) to jointly develop a new technology to reduce environmental impact for Floating Storage and Regasification Units (FSRU).The new technology named ‘Cryo-Powered Regas’ will enable to utilize the LNG cold energy, which used to be disposed of, as power generation energy by adopting the Organic Rankine Cycle in the regasification process of the FSRU.Cryo-Powered Regas technology is expected to reduce fuel consumption and CO2 emission of FSRUs significantly.MOL and DSME plan to test the technology…

Houston-based Excelerate Energy’s unit, Excelerate Technical Management (ETM) has been authorized to operate as ship manager for its parent company’s entire fleet of floating storage and regasification units (FSRUs).The Republic of the Marshall Islands and the Government of Belgium have awarded Interim Documents of Compliance (DoC) under the International Safety Management (ISM) Code to ETM.The Interim DoC is the result of an audit of ETM’s safety management system, confirming compliance with ISM standards which ensure the safe operation of its crew and vessels.“Excelerate has achieved a company milestone with the successful launch of our ship management services. The Compliance certification is tangible evidence of the forward-thinking, dedicated effort of our team.

The world’s largest liquefied natural gas (LNG) producer Qatargas Operating Company Limited (Qatargas) has delivered the first Q-Flex cargo of the chilled fuel to the Summit LNG floating storage and regasification unit (FSRU) located offshore Bangladesh.The cargo, aboard Qatargas-chartered 'Al Safliya', was loaded at Ras Laffan Port on 27 December 2019 and delivered to the FSRU on 14 January 2020.This is the first commercial open water ship-to-ship transfer involving a Q-Flex vessel delivering to Petrobangla (LNG buyers) at their Summit LNG Terminal (SLNG).SLNG is a project jointly developed by Excelerate Energy and the Bangladesh Oil…

The Nordic Investment Bank (NIB) and Lithuanian liquefied natural gas (LNG) and oil terminal operator AB 'Klaipedos Nafta' (KN) have signed a EUR 134.1 million (USD 148 million) loan agreement to optimize costs of LNG terminal.The 25-year maturity loan will be directed to finance the rent payable for the Floating Storage and Regasification Unit (FSRU).“Through this loan agreement we are continuing to support Lithuania´s security of energy supply, a strategically important objective for our member country”, said Henrik Normann, NIB President & CEO.Currently, the FSRU used for LNG import to Lithuania is leased from the Norwegian Höegh LNG on a ten-year arrangement that expires in 2024.

Dutch dredging, offshore and heavylift company Royal Boskalis Westminster N.V. has been awarded a major contract to connect an offshore Floating Storage and Regasification Unit (FSRU)  to an onshore power plant in El Salvador.The contract was awarded by Energia del Pacifico (EDP), a 378-MW liquefied natural gas (LNG)-to-power infrastructure project at the Port of Acajutla, El Salvador. The project will commence early 2020 and is scheduled to be operational by the end of 2021.‎The project entails the construction of a two-kilometer-long gas pipeline connection from the onshore power plant to an offshore FSRU including the mooring and hook-up.

French technology firm Gaztransport and Technigaz (GTT) has signed a technical assistance and license agreement (TALA)  for the use of its membrane solutions for liquefied natural gas (LNG) vessels with Chinese shipyard Wison Offshore & Marine (WOM).The deal covers equipment of floating liquefied natural gas units (FLNG), floating storage and regasification units (FSRU), floating storage regasification power (FSRP) units and LNG carriers, using membrane solutions developed by the French LNG containment specialist.WOM is a pioneer in floating LNG in China, being the first in the world to deliver barge-based FLNG and FSRU on a turn-key basis.

Golar LNG, a liquefied natural gas shipping company registered in Bermuda, said that its joint venture with Stonepeak Infrastructure Partners, Golar Power Limited has been awarded a 25 year power purchase agreement (PPA) for the construction of a 605MW combined cycle thermal power plant.The LNG-to-power Project will be developed by CELBA (Centrais Eletricas Barcarena S/A), a special purpose company 50% controlled by Golar Power.Located in the Brazilian city of Barcarena, State of Pará, the 605MW power plant will utilize imported LNG for the generation of electricity using modern H-Class gas turbines, which will then be distributed to…

Qatari shipping and maritime company Qatar Gas Transport Company (Nakilat) reported a 10.5% year-on-year increase in net profit to QR728mn (USD 200 million) in the first nine months of this year.Nakilat, which has the largest LNG shipping fleet in the world, comprising 69 vessels, said in a press note that its positive financial performance can be primarily attributed to better operational performance in managing its liquefied natural gas (LNG) and liquefied petroleum gas (LPG) vessels.The company also realized higher revenues on additional income from the acquisition of two additional LNG carriers and one Floating Storage Regasification Unit (FSRU) in 2018…

Excelerate Energy and Maran Gas Maritime have signed a five-year bareboat charter agreement (BBC) for the floating storage regasification unit (FSRU) hull 2477.During the five-year BBC Excelerate will have the option to purchase Hull 2477. MGM is currently building Hull 2477 at Daewoo Shipbuilding and Marine Engineering (DSME) shipyard and is scheduled for delivery in April 2020, when the BBC will start.The vessel will have a storage capacity of 173,400 m3 and will be capable of operating as both an FSRU and a fully tradable LNG carrier.Hull 2477 will join Excelerate's existing fleet of nine FSRUs, all built by DSME, and will serve Excelerate's portfolio of regasification customers.

Mitsui OSK Lines (MOL) and Turkish company Karadeniz Holding announced that MOL and Karpower International B.V. have agreed to jointly carry out the first LNG-to-Powership project under the co-brand “KARMOL”According to the Japanese LNG shipping company, KARMOL will deploy an FSRU and a powership – a floating power station – to aid the national grid of Mozambique.This LNG-to-Powership project consists of the collaborative operations of the FSRU to deliver regasified LNG and the Powership to receive regasified LNG in order to produce electricity, which is subsequently provided to Electricidade de Moçambique (EDM), the Mozambican National Power Utility…

Hoegh LNG on its first ever sale and leaseback deal with China Construction Bank Financial Leasing (CCBFL) for its tenth Floating Storage Regasification Unit (FSRU), the Hoegh Galleon, which was delivered yesterday (August 27) and has been taken back on charter by Hoegh LNG for twelve years.Following the completion of the transaction, Hoegh LNG is now fully funded with both equity and debt for its current newbuilding program, which will be completed with the delivery of Hoegh Galleon in August 2019.The Hoegh Galleon has been employed on an 18-months interim LNGC time charter with Cheniere before its intended long-term charter with AIE in Australia…

Law firm Mayer Brown advised CLP Power Hong Kong on the Hong Kong offshore LNG terminal project, which involves the use of floating storage and regasification unit (FSRU) technology for the first time in Hong Kong. The FSRU will receive, store, and regasify LNG into two separate subsea gas pipelines to supply natural gas to Castle Peak Power Company Limited and Hongkong Electric Co., Ltd., generating power for Hong Kong residents.Mayer Brown advised CLP Power Hong Kong Limited on the FSRU charter and regasification agreements and operation and maintenance services to be provided to the offshore LNG terminal with Mitsui OSK Lines (MOL), one of the world's largest shipping operators.

Norway-based floating LNG giant Höegh LNG has signed a time charter contract for a floating storage and regasification unit (FSRU) Höegh Galleon with Cheniere Marketing International.The time charter commences in September 2019 after the delivery of the unit, Höegh LNG’s tenth, from Samsung Heavy Industries Co., Ltd.The terms of the time charter ensure the Höegh Galleon’s availability to serve the AIE project in Port Kembla, Australia, where Höegh LNG is the FSRU provider on a back-to-back basis. AIE recently announced a contract to supply gas to its foundation customer from 1 January 2021.Under the contract with Cheniere, Höegh Galleon will earn a fixed daily charter rate.Sveinung J.S.

Norway-based floating liquefied natural gas (LNG) company Höegh LNG announced that its floating storage and regasification unit (FSRU) Höegh Esperanza has been selected by AGL Energy Limited for the Crib Point project in Victoria Australia.According to a stock exchange notice from the FSRU provider, who owns and operates a global fleet of 10 floating LNG import terminals, Höegh Esperanza has both a closed loop and an open loop system and is because of this considered by AGL to be a better fit for the operational requirements arising from the Environment Effects Statement (EES) currently been undertaken by the Victorian Government.The EES is expected to be concluded no earlier than late H1 2020.

Japanese shipping transport company Mitsui O.S.K. Lines (MOL) has signed a charter deal with Hong Kong LNG Terminal Limited for a floating storage and regasification unit (FSRU).The FSRU would be used for the Hong Kong Offshore LNG Terminal Project (HKOLNG Project), which is a joint venture established by  Castle Peak Power Company Limited (CAPCO) and The Hongkong Electric Co., Ltd. (HK Electric).The FSRU vessel will be used for receiving, storing, and regasifying LNG for the supply of natural gas to CAPCO and HK Electric for power generation through two separate subsea gas pipelines.MOL will also be responsible for providing operations…

Australian Industrial Energy (AIE) said it has reached a preliminary agreement with EnergyAustralia to provide 15PJs of natural gas per annum, from its Port Kembla gas terminal (PKGT).PKGT is one of five proposed LNG import terminals that could help meet a looming gas shortage in southeastern Australia, even as the country is set to become the world’s top LNG exporter.Commencing 1 January 2021, the five-year contract will supply gas for EnergyAustralia’s residential and industrial customers as well as for electricity generation.This announcement follows the NSW Government’s decision in April 2019 to award development consent to AIE’s PKGT…

Bangladesh has employed its second liquefied natural gas (LNG) terminal with the beginning of operations of floating storage and regasification unit (FSRU) 'Summit LNG' offshore Moheshkhali Island in the Bay of Bengal.According to Excelerate Energy, the FSRU completed commissioning of the LNG terminal, owned by Summit LNG Terminal, on April 29, 2019. The terminal has a send-out capacity of 500 million standard cubic feet per day (MMscf/d) of natural gas.In August 2017, Summit entered into a 15-year charter agreement with Excelerate for the FSRU Summit LNG. In addition to providing the FSRU, Excelerate acted as the Owner's Engineer for Summit in regards to the fixed infrastructure components of the terminal…

Qatar-based Shipyard, Nakilat-Keppel Offshore & Marine (N-KOM) has recently received its first floating storage regasification unit (FSRU) project at the Erhama Bin Jaber Al Jalahma Shipyard.The FSRU owned by Excelerate Energy (USA) will undergo drydocking, maintenance and upgrades at the facility, which is renowned for its expertise in handling gas carriers.During its drydocking, the FSRU will undergo several modifications and retrofitting of new systems, including the installation of a ballast water treatment system (BWTS). To date, N-KOM has completed six such BWTS installations for various types of vessels such as LNG and LPG vessels as well as very large crude carriers (VLCCs).Nakilat Chief Executive Officer Eng.

South Korea-based liquefied natural gas (LNG) floating storage and regasification unit (FSRU) project development company EPIK Co. has signed a strategic partnership agreement with Hyundai LNG Shipping, the marine freight transportation services for LNG."The agreement lays out a framework for the two companies to work together in the development of FSRU projects around the globe, including, but not limited to, EPIK’s recently announced Newcastle LNG FSRU import project at the Port of Newcastle, Australia," said a press release form EPIK.Jee Yoon, EPIK’s Founder and Managing Director, said, “partnering with Hyundai LNG Shipping marks a key strategic milestone for EPIK…

The first ever ship-to-ship (STS) transfer of liquefied natural gas (LNG) was completed in The Bahamas by Excelerate Energy and Equinor Energy AS.According to Excelerate, which provides transportation and marketing of LNG, its floating storage regasification unit (FSRU) Exemplar and Equinor’s LNG carrier Arctic Voyager were used for the LNG transfer."A full LNG cargo was transferred using the double-banked LNG transfer system while moored at Equinor’s South Riding Point storage and transshipment terminal which is strategically located for storage and transshipment of crude, products and LNG," it said.“Excelerate conducted the industry’s first commercial STS transfer of LNG in 2007…

US-based LNG solutions company Excelerate Energy's  Northeast Gateway Deepwater Terminal (Northeast Gateway), located offshore Boston, reached a peak send-out flow rate of over 800,000 MMBTU per day of natural gas on February 1, 2019, a first for the terminal.The operation was completed by two of Excelerate’s floating storage regasification units (FSRUs), Exemplar and Express discharging in parallel through Excelerate’s proprietary offshore buoys.During the coldest days of the year, demand for natural gas from residential customers rises in New England. Historically, during these times, as natural gas deliverability becomes constrained…

French shipping engineering company Gaztransport & Technigaz (GTT) said that the new ship orders in 2018 surged on year to 50 from 21, making its sales hit a 10-year high, driven by demand from natural gas liquefaction units in construction, in particular in the US.GTT won 48 orders for LNG carriers and two orders for Floating Storage Regasification Units (FSRUs)."Most of these LNG carriers orders are intended for natural gas liquefaction units under construction, in particular in the United States. All of the vessels will be equipped with GTT's recent technologies (NO96 GW, NO96-L03+, Mark III Flex and Mark III Flex+)," the company said in a press release.Announced in early 2018…

During the fourth quarter ended December 31, 2018, spot LNG rates reached record levels as market players were positioning themselves ahead of the winter season, said Flex LNG.According to the UK-based provider of LNG Shipping with a focus on LNG Carriers and FSRUs (Floating Storage Regasification Units), due to a combination of higher temperatures meaning fewer heating days, liquidation of approximately 30 vessels utilized for floating storage the freight rates for LNG has slumped during first quarter of 2019 and also resulting in lower general fleet utilization.However during 2019 the LNG market is expected to grow by an incremental 33 million tonnes thereby increasing demand for shipping.