Exmar: Caribbean FLNG commissioning starts

Image courtesy of Exmar
Image courtesy of Exmar

Belgium’s Exmar said on Thursday that commissioning work has started on its Caribbean FLNG at the Wison Heavy Industry shipyard in Nantong, China.

The commissioning of the Caribbean FLNG has started on 14th June with delivery expected in the third quarter of this year once the unit has been successfully performance-tested at the shipyard, Exmar said in its first-half results report.

“Several employment opportunities for the unit are currently under active discussions,” the company said.

To remind, Exmar and Pacific Exploration and Production (PEP) terminated their agreement executed in March 2012 for the deployment of the Caribbean FLNG in Colombia.

Once in operation, the Caribbean FLNG will be one of the world’ first floating liquefaction units, although considerably smaller than the Petronas’ PFLNG Satu and Shell’s giant Prelude FLNG.

LNG earnings rise

Exmar said in the results report its LNG business earned $24.6 million in the first half of this year, a rise of 55.7 percent as compared to the same period a year before.

This figure includes a payment by PEP as part of the termination fee as well as costs related to the commissioning of Caribbean FLNG, the company said.

The balance of the termination payment continues to be received on a monthly basis until June 2017, Exmar added.

 

LNG World News Staff

 

Share this article

Follow LNG World News

Events>

<< Apr 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

Central and Eastern Europe SSLNG Forum

SSLNG projects are important for Central and Eastern Europe (CEE) because they offer opportunities for solving issues…

read more >

Klaipeda LNG Forum 2019

Klaipėda LNG forum 2019 organised by Klaipėda Science and Technology Park, Klaipėdos nafta and Embassy of the Netherlands will take place on the 15-16 May at Klaipėda Castle’s site hall, Lithuania.

read more >

Flame 2019

Flame is Europe’s largest gathering of midstream gas & LNG players, bringing together everyone who matters – from producers to utilities, purchasers, infrastructure providers, traders, regulators and policy makers.

 

More info

read more >