Exmar secures $200 million for Caribbean FLNG

Image courtesy of Exmar

Belgium’s Exmar, the Nicolas Savery-led shipowner has secured a $200 million financing for its Caribbean FLNG currently located at the Wison Offshore & Marine’s yard in Nantong, China.

The proceeds from the financing will be used to pay the last instalment to the shipyard.

Exmar said in a statement on Wednesday it has secured the financing from Bank of China, Sinosure and a leading European financial institution.

The shipowner pushed back the delivery of its Caribbean FLNG several times this year.

The 0.5 mtpa FLNG unit, with a 16,100-cbm storage capacity, was scheduled for delivery to Pacific Exploration and Production in 2015, however, in March last year, the agreement was terminated.

Exmar is still in talks to secure an employment for the FLNG.

In the Wednesday statement, the company said the FLNG would be delivered in the coming weeks.

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