FSRUs on the move

Thursday, 15 April 2021
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There have been several FSRU contracts confirmed in the past few weeks with others on the horizon.

For example, a First Gen Corp subsidiary has agreed a five-year charter contract for a BW Gas FSRU for its Batangas offshore gas terminal project.

In a Philippines stock market filing, First Gen said the FSRU that will be provided to its wholly owned subsidiary FGEN LNG Corp will be the 162,400 cu m ‘BW Paris’, which has a nominal and peak gas send-out capacity of 500 mill cu ft per day and 700 mill, respectively.

The announcement comes around two weeks after FGEN LNG said it was to choose between a unit of BW Gas Ltd or Hoegh LNG Asia.

“The nominal send out capacity of the ‘’BW Paris’ is 25% more than the production capability of Malampaya, which at its peak produced a maximum gas volume of approximately 400 MMscfd, and which is now declining,” First Gen said in its regulatory filing.

‘BW Paris’ can also provide other services in addition to providing LNG storage and regasification, First Gen said. For example, the vessel can transfer LNG into trucks and small-scale LNGCs, which will then distribute the gas to local areas.

Dortyol terminal change

News from Turkey is that the world’s largest FSRU, owned by Japan’s Mitsui OSK Lines (MOL), has left the Dortyol terminal.

She will be replaced by the new Botas-owned 170,000 cu m FSRU, ‘Ertugrul Gazi’, which has sailed from Hyundai Heavy Industrties shipyard in South Korea.

Later this year, the 263,000 cu m ‘MOL FSRU Challenger’, is due start operating on a long-term contract in Hong Kong.

She will be central to Hong Kong's first LNG terminal, which is a joint venture between Castle Peak Power (CAPCO) and Hongkong Electric.

Elsewhere, India’s first FSRU has arrived at H-Energy’s Jaigarh Terminal in Maharashtra.

‘Höegh Giant’, which sailed from Keppel Shipyard, Singapore berthed at the terminal on 12th April, 2021.

The 2017-built FSRU has been chartered for 10 years and has a storage capacity of 170,000 cu m and installed regasification capacity of 750 mill cu ft per day.

H-Energy said that it intended to develop a small-scale LNG market in the region, using the FSRU for both storage and transhipment purposes.

Meanwhile, Lithuanian terminal operator Klaipėdos Nafta (KN) is in consultations to purchase an FSRU for the Klaipėda LNG terminal.

Consultation is part of KN’s FSRU procurement process, which aims to familiarise market participants with the forthcoming procurement and to receive comments and remarks offering a potential solution on the submitted draft procurement documents.

The FSRU is planned to be purchased in the second half of this year.

According to a 2018 law, KN must ensure the operation of the LNG terminal until at least 2044. It also obliges KN to acquire and own the FSRU by the end of 2024.

Klaipėda LNG terminal has been operating since 2014 and the current FSRU was chartered from Höegh LNG for 10 years. This contract included a purchase option.

In order to implement the the state rules, KN said that it planned to start the FSRU’s procurement process in the second half of this year. 

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