Yinson and Sumitomo eye LNG projects with FPSO, FSU deal

Yinson, Sumitomo, eye LNG projects with FPSO, FSU deal
Image courtesy of Yinson

Malaysian FPSO service provider Yinson Holdings Berhad signed a long-term memorandum of understanding with Sumitomo Corporation to jointly pursue FPSO and FSU opportunities including those related to LNG projects. 

Under the terms of the MoU, Yinson shall oversee and conduct the overall project implementation while Sumitomo’s efforts will be directed towards securing logistics and financing for any selected projects.

Yinson and Sumitomo will also discuss potential collaboration in the field of energy infrastructure business, including liquified natural gas (LNG) related projects such as LNG regasification for the power industry, and other similar offshore energy infrastructure opportunities.

The MoU will be valid for a period of 10 years with an option to be extended for additional period jointly agreed by the two companies.

With the MoU, both Yinson targets participation in larger FPSO and FSU projects while leveraging Sumitomo’s global business network.

Share this article

Follow LNG World News

Events>

<< Oct 2018 >>
MTWTFSS
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 4

LNG Supply, Transport & Storage South Asia Forum 2018

LNG Supply, Transport & Storage South Asia Forum 2018 will address and propagate LNG imports…

read more >

Offshore Energy Exhibition & Conference 2018

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event.

read more >

LNG Philippines Forum 2018

LNG’s role in the Philippines’ energy mix will only get bigger…

read more >

5th Mozambique Gas Summit & Exhibition

Following the Summit’s success in 2017, the CWC Group in partnership with ENH and with the support and participation from MIREME and INP, are delighted to invite you to the 5th edition of the Mozambique Gas Summit & Exhibition taking place at a larger venue this year, the NEW Joaquim Chissano Conference Centre in Maputo on 31 October – 2 November 2018.

Recognised as the leading strategic meeting for Mozambique’s gas industry, the event addresses the entire gas and LNG value chain bringing together Government officials with industry stakeholders for 3 highly interactive days of networking and frank discussions aiming to establish Mozambique as the next international gas hub.

More info

read more >