Skip to main content

Vopak to acquire Exmar FSRU business

Published by
LNG Industry,


Vopak has announced that it has reached an agreement to acquire Exmar’s floating storage regasification unit (FSRU) business.

Both parties have also agreed to possible cooperation on future projects. This follows the announcement on 2 September 2016 that the two companies had commenced exploratory discussions on floating LNG storage and regasification.

Vopak claims that the acquisition agreement envisages the transfer in stages of Exmar’s participation in FSRU assets, FSRU projects under development and a corresponding part of the Exmar organisation.

The finalisation of the agreement is still subject to customary approval from authorities and the consent and cooperation of multiple stakeholders, including current partners in the FSRU business. As a result of this, the ultimate scope of the transaction is dependent on the outcome of this process. Consequently, Vopak claims that the scope and timing of the acquisition completion are not yet known, and so no further details are currently disclosed.

Read the article online at: https://www.lngindustry.com/floating-lng/22122016/vopak-to-acquire-exmar-fsru-business/

You might also like

 Webinar

[WEBINAR] Insulation advances: Mitigating noise and CUI in your LNG plant

Heightened noise levels are harmful to the well-being and productivity of a plant’s personnel as well as the surrounding environment. With excessive noise presenting so many financial and health and safety risks, LNG plants need reliable, cost-effective noise-reduction solutions. This webinar will outline the most popular acoustic standards in the industry today and distill down to the audience what they need to know in order to best protect their work personnel and profits.

Register for your free space today »

 
 
 

Embed article link: (copy the HTML code below):