Shortened FSRU charter gives Dubai room to manoeuvre

The charter deal for the Golar Freeze will be ended a year earlier than originally planned, freeing the emirate from its superfluous regas capacity The charter deal for the Golar Freeze will be ended a year earlier than originally planned, freeing the emirate from its superfluous regas capacity.
By James Gavin 21 July 2017 0 26860
The Golar Spirit docked in Brazil. Like the Freeze, the Spirit has a relatively high fuel consumption. (Golar)

Dubai’s decision to shorten its charter on the Golar Freeze FSRU by a year grants the emirate greater room to manoeuvre but could prove a headache for vessel’s provider.

The Dubai Supply Authority (DUSUP), the emirate’s gas import and distribution firm, announced its intention to pare back the charter on 12 July amid broader concerns about the region’s gas supply-demand balance.

The Golar Freeze is one of two FSRUs that DUSUP has on contract, the other being a large vessel chartered from Exelerate Energy. The Excelerate Explorer...

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