Vopak Closer to Buying Exmar’s FSRU Business

Belgian LNG and LPG carrier owner and operator Exmar NV has entered into a floating LNG storage and regasification (FSRU) transaction deal with tank storage provider Royal Vopak.

The move comes less than four months after the parties launched exploratory discussions on the possibility of an acquisition of Exmar’s share in its FSRU business by Vopak.

The companies have now signed an agreement on the purchase of the FSRU business by Vopak and the possible cooperation between Exmar and Vopak in future projects.

Under the acquisition deal, Exmar’s participation in FSRU assets, FSRU projects under development and a corresponding part of the Exmar organisation would be transferred in stages.

Contract finalization is subject to consent and cooperation of multiple stakeholders including current partners in the FSRUs and customary approval from authorities, with the ultimate scope of the deal dependent on the outcome of this process.

Exmar, which is the co-owner and or operator of 10 FSRUs, has one FSRU and one FLNG facility under construction.

The FSRU, being built by China’s Wison shipyard in Nantong, is expected to be delivered by mid-2017.

Share this article

Follow World Maritime News

Posted on December 22, 2016

In Depth>

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Defence Safety Conference 2019

The Defence Safety Conference returns to London this October as the only event solely dedicated to enhancing safety across all aspects of defence.

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

3rd MarSat Workshop

The MARSAT project wants to operationalise and standardise EO products and aims to develop…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >