First Floating Storage And Regasification Unit News

The world’s biggest specialized vessel to import liquefied natural gas (LNG)  is scheduled to be operational in November to contribute to Turkey's energy supply security, Bloomberg reported. The MOL FSRU Challenger, as long as the Eiffel Tower, is expected to arrive from South Korea this month and start by year-end. Last winter, a cold snap gripped the whole region, including Iran, where Turkey gets some of its gas from. That meant the nation couldn’t get hold of enough fuel to meet its booming gas demand and the grid asked private power plants to reduce fuel demand by as much as 90 percent. A first floating storage and regasification unit, the Neptune, arrived in December to complement two onshore terminals at Aliağa and Marmara Ereğlisi.

Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiary KS Investments Pte Ltd (KSI), and BG Group plc (BG Group) have been selected to supply Liquefied Natural Gas (LNG) bunker to vessels in the Port of Singapore. The joint bid submitted by Keppel O&M and BG Group for the LNG bunker supplier licence is one of the two top bids selected by the Maritime and Port Authority of Singapore (MPA). The awarding of the licence is in line with the Port of Singapore's plans to launch the LNG Bunkering Pilot Programme in 2017. Keppel O&M and BG Group will work on forming a 50/50 joint venture to deliver an end-to-end bunkering solution using LNG sourced from BG Group's diversified LNG portfolio and leveraging Keppel O&M's expertise in LNG vessel servicing.

Keppel Shipyard says that the contract it entered into earlier with Golar Hilli Corporation to perform the world's first-of-its-type conversion of an existing Moss LNG carrier, the Hilli, into a Floating Liquefaction Vessel (FLNGV), has become effective. The contract is worth approximately US$735 million. In carrying out the FLNGV conversion, Keppel Shipyard explains that it shall be responsible for the provision of the design, detailed engineering and procurement of the marine systems and all of the conversion-related construction services. Keppel Shipyard's scope also includes engaging Black & Veatch to provide design, procurement and commissioning support services for the topsides and liquefaction process.

Golar LNG Ltd. Golar LNG Limited has been awarded the Gas Atacama Mejillones Seaport's FSRU Project ("Gas Atacama"). The FSRU will be moored approximately 1.6 km offshore and in approximately 50 metres water depth in the Bay of Mejillones. The newbuild FSRU will be capable of storing 170,000 m3 of LNG and delivering  approximately 180 MMcfd per day of regasified LNG and will be delivered to the project in the fourth quarter of 2015. The initial term of the contract, in Gas Atacama's option, is for 15 or 20 years and is expected to generate an average annual EBITDA of approximately US$48 million for the 15 year charter or US$47 million for the 20 year charter. Gas Atacama has three, five-year contract extension options, representing a potential 15 additional years of commitments.