Besides our offshore floating solutions, our depth in integrated services includes Floating Storage & Re-Gasification (FSRU) solutions.
We are able to convert or build a new FSRU, all the way from concept development, engineering, procurement, conversion / construction, and installation and commissioning, to operations and maintenance (O&M) of the facility at site. This is where we add value, drawing upon our in-house expertise to work closely with the client to develop an optimum solution to meet the specific project's technical, cost and delivery targets.
FSRU continue to offer one of the best solutions for oil and gas companies:
- Cost-effective way to meet low demand or to “grow into” LNG, compared to a land-based terminal
- Faster delivery compared to land-based facilities where a short-to-medium term opportunity exists
- Reduced challenges with host government and local communities' permissions as it utilizes the cleanest fossil fuel and is sited offshore or near shore
- Less risk of delays related to land acquisitions or right-of-way issues
- Rapid access to high value gas markets. For LNG suppliers, FSRUs provide a low cost option for accessing emerging markets
- Reduced financing requirements as the storage tanks are already built in
- Flexibility for redeployment at other locations