Excelerate Abandons Potential FSRU Order at DSME

South Korean Daewoo Shipbuilding and Marine Engineering (DSME) has lost the contract for up to seven floating storage and regasification units (FSRUs) from US-based Excelerate Energy.

Following a Letter of Intent (LOI), which the parties signed in February 2017, the shipbuilder informed that the deal expired on May 8 without any contracts being agreed.

The potential shipbuilding order was for 173,400 m3 capacity units with a baseload send-out capacity of 1 Bcf/d.

Excelerate earlier said that the agreement was to provide the company with the ability “to respond to increasing market demand for natural gas”.

DSME, Excelerate Energy LOI signing ceremony
Image Courtesy: Excelerate Energy

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2018 >>
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

The 27th World Gas Conference

The 27th World Gas Conference is the leading global industry event and is the definitive gathering of influential leaders, buyers and sellers, policy-makers and experts from around the world.

You will hear critical business insights and lively debates on the most topical issues facing the global gas industry today and in the future.

From 25-29 June 2018, Washington DC is expected to host 12,000 attendees, 500 speakers and 350 exhibitors representing, more than 600 companies from 100 countries.

Presented by the IGU, this is the largest and most high-profile gas event that is conducted by the industry for the industry.

Read More

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

BlueWeek2018

The BlueWeek2018 will be held on 28-29-30 May in Rotterdam, under the auspices of the Blue Forum…

read more >

Posidonia 2018

Posidonia, the international shipping exhibition, has long been established as one of the major calendar events…

read more >