Strong performance from Exmar’s carrier market

Exmar has reported its results for the third quarter of 2014, noting strong performance in the carrier markets, which continue to perform above historical average prices.

LNG

The LNG fleet contributed US$ 8.5 million to the operating results for Q3, compared to US$ 7.8 million for the same period in 2013.

All LNG carriers and LNG regasification vessels in which Exmar has an ownership stake are in service, and have contributed during the third quarter under their respective time-charters.

FLNG

The construction of the floating liquefaction unit, the Caribbean FLNG, at Wison Heavy Industry’s shipyard in Nantong, China, is progressing as planned. Delivery is expected in H2 2015.

Negotiations for British Columbia FLNG are in the final stages, and Exmar expects a solution by the end of the year.

Pacific Rubiales and Exmar recently signed a cooperation agreement for a new FLNG project in Peru.

FSRU

The engineering of the floating storage and regasification unit (FSRU) with Wison is progressing as planned. Marketing activities of the FSRU are underway and an employment contract is expected in 2015.

Adapted from press release by Katie Woodward

Read the article online at: https://www.lngindustry.com/liquefaction/31102014/exmar-q3-2014-results-1708/