The FSRU business is growing rapidly as the low cost of LNG is making floating solutions affordable for a larger number of nations. The speed with which new import projects can be brought online using FSRUs and their lower capital cost compared with onshore terminals makes floating regasification attractive to countries, such as Egypt and Pakistan, that have faced chronic fuel shortages in recent years.
Time and cost comparisons
|Capex cost/construction time||$ million||months|
|Onshore LNG terminal||750||36-40|
|Construction cost/time||$ million||months|