He further noted "it's safe to assume that it (FSRU
facility) will come after our feasibility study.
To meet the government's request to start importing LNG supply within the Duterte administration, First Gen said it would start the LNG project with an FSRU
to bring in LNG supply as early as 2021 way ahead of the expiration of the Malampaya gas contracts in 2024.
EPIK announced in December 2018 that it had entered into an agreement with the Port of Newcastle to build an FSRU
at the site.
Another term required all the new LNG operators to allow Pakistan National Shipping Corporation (PNSC) to buy at least 20 per cent shares in the FSRU
Defa invited expressions of interest for the supply of LNG for the FSRU
, which will be connected to the main power station at Vassiliko.
Cheaper debt financing possibility for land-based terminals at 4% as opposed to leasing rate of 12% for FSRU
makes it quite competitive as well.
[ClickPress, Fri May 17 2019] Increased production of natural gas, coupled with diminished pricing and surged natural gas production resulting in impressive LNG trade outlook catering to diverse end-use industries such as automotive and power plants are likely to expand growth possibilities in FSRU
market in the coming years.
Nakilat-Keppel Offshore & Marine (N-KOM) has successfully completed its first floating storage regasification unit (FSRU
) project for the 138,000cbm FSRU
Excelerate owned by the US-based Excelerate Energy.
It has scrapped plans to build additional floating LNG import terminals after its second FSRU
Summit Corp, a subsidiary of Bangladesh's Summit Holdings, and partner Mitsubishi Corp are expected to start operations at their floating storage and regasification unit (FSRU
) off the country's coast by the middle of March and ahead of schedule, a source familiar with the matter told Reuters on Tuesday.
EETPL holds a 15-year Floating Storage and Regasification Unit (FSRU
) time charter.