Exmar, Vopak Drop FSRU Acquisition Plans

Antwerp-based operator of Floating Storage Regasification Units (FSRU) Exmar said that its deal with tank storage provider Royal Vopak on the acquisition of Exmar’s participation in FSRU assets has been cancelled.

The conditional agreement was reached on 21 December 2016. However, the finalization of the deal was subject to consent and cooperation of multiple stakeholders.

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

“After careful consideration, Exmar and VOPAK have concluded that these requirements will not be met on the envisaged transaction. Therefore the closing of the FRSU transaction between Exmar and VOPAK will no longer be pursued,” a joint press statement reads.

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

Share this article

Follow World Maritime News

In Depth>

Events>

<< Oct 2019 >>
MTWTFSS
30 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 31 1 2 3

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CEDA Dredging Days 2019

CEDA Dredging Days programme will follow its successful format of contributed peer-reviewed…

read more >

Offshore Wind Europe 2019

#OWEU19 is a meeting place for governments, developers and suppliers to grow the confidence in wind power. Perfect to grow your business by securing new customers, meeting officials and industry heads.

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >