Golar LNG and have entered a €269m contract to transform an existing LNG carrier, dubbed Golar Arctic, into a floating storage and regasification unit (FSRU). The contract covers the vessel and capex for its conversion into an FSRU.
The FSRU will be installed by Snam in the port area of Portovesme in Sardinia, an Italian island in the Mediterranean Sea, to meet the energy requirements in the region.
Snam will acquire the FSRU, which will have a storage capacity of up to 140,000 cubic metres, after the conversion is entirely complete.
The company stated that the start of activities for the conversion of the ship into an FSRU and related fulfillments are subject to Snam’s issuance of a Notice-to-Proceed (NTP) and further to that, the conversion is expected to take about two years for the Golar Arctic to be delivered.
Tags: FSRU, Golar LNG, LNG, LNG Carrier, Snam
Recent Posts
Vedanta Aluminium signs pact with GAIL for supply of natural gas
HMM introduces South Korea’s first LNG-powered vessels
NGEL inks pact with NREDCAP in Andhra for RE projects
Global warming won’t end if net zero is redefined
The Liberian Registry and Korean Register (KR) grant AiP to Samsung
To satisfy decarbonization targets, Big Oil invests billions in the manufacture of biofuel
ISO issues standards for methanol as a marine fuel
Amazon, partners to test electric trucks on a freight corridor in India