TMC wins second FSRU deal for Höegh LNG

TMC wins second FSRU deal for Höegh LNG

TMC Compressors (TMC) has been awarded a contract by Samsung Heavy Industries (SHI) to deliver a marine compressed air system to a floating storage and regasification unit (FSRU) the South Korean yard is building for Höegh LNG.

Under the contract, TMC will deliver a complete marine compressed air system consisting of 2 x 44 kW service air compressors and 2 x 44 kW control air compressors, the company said without disclosing the contract value.

The compressed air system will be utilized at a newbuild 170,000 cubic meter FSRU, which is scheduled for delivery in the second quarter of 2019. It will have a regasification capacity of minimum 750 million cubic feet per day.

TMC’s contract with Samsung Heavy Industries also includes options to deliver similar compressed air systems to three additional FSRUs that the shipyard may build for Höegh LNG. These vessels have scheduled delivery dates of one unit in 2019 and two units in 2020.

In recent weeks, TMC has signed two additional contracts to supply marine compressed air systems to newbuild FSRUs, including one with DSME, which is building a unit for BW LNG, and another with Hyundai Heavy Industries, which is building a unit for Höegh LNG.

Per Kjellin, managing director of the Oslo-based compressed air systems supplier, noted that “players are trying to capitalize on a very favorable newbuild market to position themselves for further expansion in the FSRU segment.”

 

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