Exmar, Vopak back out of FSRU deal

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.