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December 29, 2016
BP and PTT sign SPA
December 21, 2016
Vopak and Exmar sign agreement on FSRU transaction
Following the announcement on 2 September 2016 that Vopak and Exmar had started exploratory discussions on floating LNG storage and regasification, both companies signed an agreement regarding the acquisition of the FSRU business of Exmar by Vopak and the possible cooperation between Vopak and Exmar in future projects. The agreement on the acquisition envisages the transfer in stages of Exmar's participation in FSRU assets, FSRU projects under development and a corresponding part of the Exmar organisation.
The finalization of the deal is subject to consent and cooperation of multiple stakeholders including current partners in the FSRU's and customary approval from authorities.
Edited from Vopak press release.
December 20, 2016
Total makes $207 million investment in Tellurian
December 15, 2016
Höegh LNG signs a 20-year FSRU charter agreement in Pakistan
Höegh LNG signed today an FSRU contract with Global Energy Infrastructure Limited (GEIL) for GEIL's LNG import project in Port Qasim near Karachi, Pakistan. The project is the first private LNG import terminal in Pakistan. On 29 September 2016, GEIL signed a long-term LNG supply agreement with Qatargas.
The charter is for a period of 20 years with two five year extension options for charterer and is expected to generate an average annual EBITDA of around USD 36 million. The contract is subject to both parties' board approval. The construction of the terminal is planned to commence early 2017 and expected start-up is second quarter of 2018. The FSRU will be provided from Höegh LNG's portfolio of FSRUs, including units under construction, planned conversions or new orders.
Edited from Höegh press release.
December 14, 2016
Turkey’s first FSRU takes position
The Höegh-owned, Engie-chartered FSRU GDF Suez Neptune has arrived near Aliaga, on the Agean Sea. The FSRU will be positioned at the new Aliaga FSRU jetty, which is reported to be still under construction and it will supply up to 3.6mtpa of LNG.
Turkey has two land-based LNG-import terminals, Aliaga and Marmara Ereglisi and the FSRU will be used as a third LNG import terminal.