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Gas Import Facilities News

10 May 2022

Gasunie to Charter New Fortress Energy FSRU to Reduce Dutch Reliance on Russian Gas

Illustration only - An FSRU - Credit: Karel/AdobeStock

New Fortress Energy has executed a binding agreement to charter a floating storage and regasification unit (“FSRU”) to Dutch energy network operator Gasunie, in an effort by the Netherlands to reduce Russian gas imports. The chartered FSRU will provide storage capacity of approximately 170,000 m3 of liquefied natural gas with peak regasification capacity of 900 mmscfd. New Fortress Energy's FSRU will work in tandem with a third party’s FSRU to provide up to 8 bcm per year of total regas capacity.

05 May 2022

Germany to Charter Four FSRUs in Push to Cut Reliance on Russian Gas

For illustration only - A HĂśegh LNG FSRU

The German government on Thursday signed agreements for the charters of four floating storage and regasification units (FSRUs), as it works to become less reliant on Russian gas, as FSRUs will enable it to import LNG from other sources.The agreements were signed for the charters of two FSRUs owned by Oslo-listed firm Hoegh LNG, and two owned by Dynagas. Hoegh LNG FSRUs will be operated by RWE, while Uniper has facilitated the charter of two FSRUs managed by Dynagas Ltd.Höegh LNG said that the detailed FSRU contracts with the German Federal Ministry for Economic Affairs and Climate Action…

23 Sep 2013

LNG Capital Expenditure

Michelle Gomez joined DW’s Singapore Office as a researcher, undertaking research and analysis for publications and projects. As the lead author of the ‘The World LNG Market Forecast 2013-2017’, Michelle has drawn on her project experience covering the international gas markets and LNG Capex trend analysis.

A strong continuation in the recovery of LNG expenditure is underway worldwide, driven by a growing demand for natural gas. The new eighth edition of Douglas-Westwood’s (DW) World LNG Market Forecast expects that global capital expenditure (Capex) will total nearly $228B during the 2013-2017 period. The surge includes capital expenditure on base-load onshore and offshore fixed LNG liquefaction, LNG carriers and LNG regasification, via both onshore and offshore fixed import terminals.

02 Aug 2013

LNG Capital Expenditure to Double

A strong recovery in expenditure on LNG facilities now underway worldwide driven by a growing demand for natural gas. The new eighth edition of Douglas-Westwood’s (DW) World LNG Market Forecast expects that global Capex will total nearly $228bn during the 2013-2017 period, an increase of 109% over the preceding five years. The spending surge includes capital expenditure on base-load onshore and offshore fixed LNG liquefaction, LNG carriers and LNG regasification via both onshore and offshore fixed import terminals. Report author, Michelle Gomez, commented, “Activity over the next five years is underpinned by huge financial commitments to both liquefaction projects and gas import facilities.