• Natural Gas News

    Keppel Bags FSRU Conversion Contract

Summary

Singapore shipbuilder Keppel Offshore & Marine has won a contract to convert an LNG carrier to a floating storage and re-gasification unit.

by: Shardul Sharma

Posted in:

Natural Gas & LNG News, Asia/Oceania, Security of Supply, Corporate, Import/Export, Contracts and tenders, Infrastructure, Liquefied Natural Gas (LNG), News By Country, Singapore

Keppel Bags FSRU Conversion Contract

Singapore shipbuilder Keppel Offshore & Marine has secured a contract for conversion of an LNG carrier to a floating storage and re-gasification unit (FSRU), the company said July 22. It did not provide the name the operator of the carrier.

For the FSRU conversion project, to be undertaken in Singapore, apart from repair and life extension works, Keppel Offshore & Marine’s subsidiary Keppel Shipyard will undertake shipyard engineering, installation and integration of the regasification module and upgrading of the cargo handling system. Scheduled for delivery at the end of 2018, the FSRU will be capable of regasifying up to 750mn ft3/d of natural gas, Keppel said.

Keppel Shipyard has previously delivered three FSRUs, including the world's first FSRU conversion. “With the increase in demand for LNG in power generation, FSRUs are a fast, flexible, cost-effective, safe and environmentally-friendly storage and regasification solution that is well suited for deployment in remote areas with smaller energy requirements. The world's first converted FLNG vessel, Hilli Episeyo, has achieved final acceptance and commenced commercial operations for Perenco in Cameroon. This was accomplished within four years of the contract award to Keppel Shipyard,” Keppel said.

Keppel has also won contract in Brazil for topside work on a floating production, storage and offloading (FPSO) vessel. The contract has been awarded by MODEC Offshore Production Systems, part of the MODEC group. Both these contracts are worth S$70mn ($51.5mn).