Exmar secures funds for Caribbean FLNG ahead of delivery

  • Infrastructure

Exmar, a shipping company serving the oil and gas industry, has secured a $200 million financing for its Caribbean floating LNG unit ahead of its delivery. 

The company has secured the financing for the FLNG unit together with Bank of China, Sinosure and a European financial institution.

In a statement on Wednesday, Exmar said that the Caribbean FLNG, currently being built at Wison Offshore and Marine in Nantong, will be delivered in the coming weeks.

The Caribbean FLNG project began fabrication in late 2012 and it was previously scheduled to begin operation in the second quarter of 2015.

The proceeds from the financing will be used to pay the last installment to the shipyard.

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