In January 2004, SBM Offshore created a ‘Gas and Power’ division to develop technology for the offshore production of Liquefied Natural Gas (LNG) and the infrastructures to handle the liquid gases from the production sites to the delivery points, with the intention to start marketing the related products as soon as ready.
Several projects are ongoing. They include the development of products to transfer liquefied gases in open sea such as tandem and side-by-side berthing systems for gas carriers, cryogenic swivels, a LNG floating hose solution and a zero emission air vaporisation system to regasify LNG at the end delivery point.