Singapore's Keppel Wins FSRU Conversion Order

Singapore's Keppel Offshore & Marine has secured two vessel orders worth $200mn, including one for its fifth conversion of an LNG carrier into a floating storage and regasification unit (FSRU), it said on September 22.

The company's Keppel Shipyard subsidiary received the FSRU contract from FSRU Development, a joint venture between Singapore's BW LNG and the US' Invenergy Investment. The vessel will go to the port of Acajutia in El Salvador, where it will serve as part of the country's first integrated LNG-to-power project.

The second deal was secured by Keppel AmFELs for building a trailing suction hopper dredger for a US marine construction firm.

The developers behind the El Salvador LNG-to-power project are Invenergy and local partners Grupo Calleja, VC Energy de Centroamerica and Quantum Energy. Financing for the scheme was closed in December and first electricity from the 378-MW gas-fired power plant is due before the end of 2021. Shell will supply the project with LNG.