Exmar still in Caribbean FLNG talks

Belgium’s Exmar, the Nicolas Savery-led shipowner said it is still trying to find where to deploy its Carribean FLNG unit currently being finalized at the Wison Offshore & Marine’s yard in Nantong, China. 

The 0.5 mtpa FLNG unit, with a 16,100-cbm storage capacity, was scheduled for delivery to Pacific Exploration and Production in 2015, however, earlier in March, the agreement was terminated.

“Delivery of the unit will take place before the end of the year. Several employment opportunities for the unit are currently under active discussions,” Exmar said in its third-quarter report issued last week.

The FLNG unit recently produced the first LNG during the performance tests carried out at Wison’s Nantong yard. This was the world’s first gas trial for a floating liquefaction unit before sail-out,Wison said.

Exmar’s LNG business earned US$6.6 million in the third quarter of this year, as compared to $9 million for the same period in 2015. According to Exmar, the results were impacted by the cost of completing the commissioning of the FLNG unit.

In the nine-month period to September, the company’s LNG business earned $31.3 million as compared to $24.8 million in the same period the year before, the report showed.

LNG World News Staff