Vopak and Exmar sign agreement on FSRU transaction
December 21, 2016
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.