Exmar in 10-year FSRU barge charter with Gunvor

  • Infrastructure

Exmar has executed what it says is a “fully effective” ten-year charter for the provision of its floating storage and regasification unit (FSRU) barge and services in Bangladesh for Gunvor.

The FSRU barge is currently at Keppel Shipyard undergoing site-specific modifications after having been delivered from Wison Offshore and Marine in December 2017.

The FSRU barge is expected to arrive in Bangladesh in the fourth quarter of this year and start operations after its full commissioning.

Currently, the FSRU has been fully paid by Exmar and the financing of the unit is under discussion.

In a statement on Monday, Exmar said: “As a leading global trader of LNG, Gunvor is keen to support the development of new LNG markets by providing reliable and efficient LNG infrastructure solutions. The floating solution developed and operated by Exmar is going to perfectly serve Gunvor’s long-term strategy, and the group is very satisfied with its first strategic move in the FSRU space in cooperation with Exmar.”

Exmar has previously said the FSRU Barge is the first, newly built regasification barge in the world, built on a speculative basis by EXMAR. The FSRU obtained a long-term contract prior to its delivery from the yard, however, it is only now that Gunvor has been revealed as the client.

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