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>

<< Jul 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 31 1 2 3 4

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

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 >

Shipping Transformation Asia

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

read more >

Global Sustainable Shipping Forum 2019

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

read more >