LNG

Asia Pacific set to snap up off-charter FSRUs

Growing domestic gas production in Egypt and Argentina has freed up FSRUs that are likely to find charters in Asia Growing domestic gas production in Egypt and Argentina has freed up FSRUs that are likely to find charters in Asia.
By Andrew Walker 20 November 2018 0 33363
The Höegh Gallant LNG carrier. (Höegh)

Three FSRUs have ended their charters this year and a further two are set to join them within another two years, making a sixth of the global fleet available for new import projects. The availability of these vessels is advantageous for project developers in Asia, where demand for LNG is growing fast, as they offer a quick and cost-effective way to access the fuel.

An increase in domestic gas output in Argentina and Egypt means both countries have seen one of their FSRUs sail away in...