Exmar orders second FLNG, secures option for more

Exmar orders second FLNG, secures option for more

Exmar of Belgium said it has made an order for a second floating LNG liquefaction unit at Wison Offshore & Marine.

Under the agreement Wison will be responsible for the turnkey engineering, procurement, construction, transportation, installation and commissioning of the FLNG, which will be a self-contained barge with a liquefaction capacity of 0.6 MTPA and 20,000 m³ of LNG storage, according to a statement by Exmar.

The FLNG will be constructed at Wison’s shipyard in Nantong, China, where also the construction of the world’s first FLNG for Exmar is nearing completion. Exmar also secured additional firm options for two more FLNG’s.

The FLNG is scheduled to be completed in 2017, which Exmar views as one of several strong competitive advantages as it will allow faster monetisation of existing gas reserves.

Nicolas Saverys, CEO of Exmar said, “It is clear that lower oil and gas prices will continue to boost demand for cost-efficient and fast-track FLNG solutions over land-based liquefaction terminals. We continue to see strong growth in the FLNG market. Thanks to our first-mover advantage we are actively working on seven FLNG projects around the world.”

Press Release; Image: Black and Veatch

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