EXMAR TAKES DELIVERY OF FIRST BARGE-BASED FSRU

December 27, 2017

Exmar announced that the company has taken final delivery of the world’s first barge-based floating LNG storage and re-gasification unit (FSRU) from the Wison Shipyard in Nantong, China. The unit has a re-gasification capacity of up to 600 million cubic feet and a storage capacity of 26,000 m³ of LNG. This delivery is a milestone in Exmar’s history as this FSRU is the first of the new generation of floating regasification assets, barge based, and perfectly positioned to add value in medium sized LNG import projects all over the world in a fast track, flexible and cost efficient way. In addition to the delivery, Exmar is pleased to confirm that long-term employment for the FSRU has been secured with a reputable counterpart and hire will start from mid-2018 onwards. The Company will communicate further details regarding this contract in the near future in coordination with the customer. Nicolas Saverys, CEO of Exmar: “the delivery of the FSRU is a testimony of Exmar’s commitment to continuously improve the solutions we offer to the LNG supply chain industry. I am very pleased and honoured that long-term employment for the FSRU was secured prior to delivery.” (Source and image: Exmar)