FSRU

Floating LNG power plant gets DNV GL AIP

AUGUST 11, 2016 — Japan’s IHI Corporation has received Approval in Principle (AiP) from classificatiom society DNV GL for its FLPS (Floating LNG Power Station) concept. The FLPS concept is a combination

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LNG: Frederiksen and Exmar call off the wedding

Today, Flex LNG Ltd. noted that completion of the transaction had been subject to, among other things, satisfactory due diligence and agreement on definitive transaction documents.

“The parties have failed to agree on the definitive transaction documents and the previously announced transaction will not be completed,” said Flex LNG, adding that it and Geveran Trading, will continue with the construction of the two 174 cu.m Panamax LNG carriers it has under construction at shipbuilder Samsung Heavy Industries for 2018.

Flex LNG said that it will also “examine other strategic alternatives to add value to the company and its shareholders, including considerations of opportunities across the LNG value chain. The current condition of the LNG market could give interesting consolidation and growth opportunities for the company.”

Exmar said: “The parties have failed to agree on the terms. The previously announced transaction will not be completed.”Exmar will continue focusing on LNG infrastructure and pursue its strategy of barge based FLNG and FSRU projects.”

Wartsila wins regas module orders for two FSRUs

AUGUST 31, 2015 — South Korean shipbuilder Hyundai Heavy Industries (HHI) has placed contracts with Wärtsilä for seawater/propane based regasification modules. The systems are to be installed on FSRU (Floating Storage and

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Frederiksen and Exmar create Exmar LNG

JULY 1, 2015 — Antwerp, Belgium, headquartered Exmar has agreed a deal with John Frederiksen controlled Flex LNG and Geveran Trading Co. Ltd, which is indirectly controlled by trusts established by John

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Höegh LNG orders another FSRU at HHI

JUNE 1, 2015 — Höegh LNG Holdings Ltd. has ordered another floating LNG import terminal. The news follows last week’s announcement that the company had signed an FSRU contract yesterday with Octopus

Hoegh LNG inks contract for Chile FSRU

MAY 27, 2015 — Höegh LNG Holdings has won another contract to supply a floating LNG import terminal. It reports that it signed an FSRU (Floating Storage and Regasification Unit) contract yesterday