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...

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