Exmar and Vopak in FSRU talks

Belgium’s Exmar said it has entered into talks to sell its stake in the floating storage and regasification unit (FSRU) business to Dutch terminals operator Vopak.

Exmar said in its statement on Friday that the outcome of these discussions is currently unknown.

The Nicolas Saverys-led company co-owns and/or operates a fleet of 10 FSRUs and has one FSRU and one FLNG facility under construction.

“Vopak has earmarked storage and handling of LNG/gas as one of its strategic focus areas. Therefore Vopak is looking for strategic opportunities to strengthen its presence as a service provider in the LNG infrastructure market,” the statement said.

Vopak jointly owns and operates two land-based storage and regasification terminals, the Gate terminal in the port of Rotterdam and the TLA terminal in Altamira, Mexico.