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>

<< Oct 2019 >>
MTWTFSS
30 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 31 1 2 3

Budapest LNG Summit 2019

The Budapest LNG Summit is a niche event focused on the up and coming LNG region of Central & Eastern Europe (CEE).

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >