Exmar, Vopak back out of FSRU deal

Exmar, Vopak back out of FSRU deal
Image courtesy of Exmar

Belgium’s Exmar said that together with the Dutch terminal operator Vopak, it has decided not to pursue the FSRU business sale. 

To remind, the two companies reached a conditional agreement in December last year under which Exmar would sell its FSRU business to Vopak.

The agreement envisaged a staged transfer of Exmar’s participation in FSRU assets, FSRU projects under development and a corresponding part of the company’s organization.

It was then said that the finalization of the deal was subject to consent and cooperation of multiple stakeholders.

“After careful consideration, Exmar and Vopak have concluded that these requirements will not be met on the envisaged transaction,” a statement by Exmar reads.

Share this article

Follow LNG World News

Events>

<< Apr 2020 >>
MTWTFSS
30 31 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

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

4th PNG Petroleum & Energy Summit

The CWC Group, in partnership with Kumul Petroleum Holdings Ltd.

read more >

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

CWC World LNG & Gas Series: 12th Asia Pacific Summit

The 2020 Summit will offer an unrivaled programme covering relevant and significant discussion topics…

read more >