Low-cost LNG drives demand for FSRUs

FSRUs are seen as a fast, low-cost way to access LNG for a number of new and emerging markets
By Andrew Walker 13 July 2017

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
Newbuild FSRU 450 27-36
Construction cost/time $ million months
Newbuild FSRU 240-280 27-36
Conversion of...

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up