Ireland’s $350 million FSRU still three years away

By Astrid Madsen 3 August 2017
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An FSRU could supply fuel to other ships that visit Cork. (William Murphy, Flickr) An FSRU could supply fuel to other ships that visit Cork. (William Murphy, Flickr)

The installation of a 3 mtpa FSRU at the Irish port of Cork will take more than three years and cost approximately $350 million, the developers have said.

John Cook, chief executive of vessel provider Flex LNG, told Interfax Natural Gas Daily the company should be able to evaluate progress in one year’s time and make a decision on ordering a new-build FSRU then. Project developer NextDecade and Flex LNG have yet to agree on how to share costs, but it is likely the pre-construction stage will be co-financed. From the FSRU order date, Cook said it would take 28 months for the ship to be delivered, putting startup in Q4 2020. The shipyard has not yet been chosen, but will be South Korean.

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