ABS Grants Approval to Chiyoda’s FLNG Power Plant Concept
- Business & Finance
Houston-based classification society ABS has granted Approval in Principle (AIP) for a floating LNG power plant and floating storage and regasification unit (FSRU) design concept developed by Japan’s Chiyoda Corporation.
This concept offers a new approach to delivering new sources of power to remote areas of the world, according to ABS. The conceptual design is based on existing LNG carriers which are converted into floating power plants with small (~72 MW) to medium (~400 MW) scale power generation capabilities.
In reviewing Chiyoda’s floating LNG power plant concept, ABS applied its relevant Rules and Guides to confirm that the conceptual design meets the intent of applicable class requirements.
“As the energy mix shifts and global demand for gas increases, concepts like this will reshape how energy is supplied,” Patrick Janssens, ABS Vice President for Global Gas Solutions, said.
“By basing this concept on existing LNG carriers, we are able to reduce constructions costs and shorten delivery times. We look forward to developing this concept further and expanding the LNG value chain to new markets,” Toyomitsu Kanai, Chiyoda Corporation Project Manager, said.