Ireland’s $350 million FSRU still three years away

Plans to install an FSRU in the Irish port of Cork could see a vessel ordered next year, with startup in 2020 Plans to install an FSRU in the Irish port of Cork could see a vessel ordered next year, with startup in 2020.
By Astrid Madsen 3 August 2017 0 27041
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...

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