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>

<< Apr 2019 >>
MTWTFSS
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

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >