Exmar has announced that it has signed the financing agreement for the world’s first floating liquefaction and storage unit (FLNG). The deal was signed on 23 June, under the witness of King Philippe of Belgium, President Xi Jinping, Jiang Jianqing, Chairman of Board of ICBC, and Mr Nicolas Saverys, CEO of Exmar.
ICBC will provide funding, which totals US$200 million, to Exmar for the FLNG project. It is reported that this project is China’s biggest exporting project to Belgium in terms of contract value up to now.
The world’s first floating natural gas liquefaction unit
The FLNG ordered by Exmar is the world’s first floating natural gas liquefaction unit. It has the functions of natural gas processing, liquefaction and storage, and represents a new generation of offshore units. The unit will serve Pacific Rubiales Energy’s gas project.
Edited from press release by Callum O'Reilly