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DSME to introduce FSPP LNG unit

LNG Industry,

Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) plans to introduce a new convergence product named Floating Storage Power Plant (FSPP) during the Power-Gen International Conference in December.

FSPP is a gas-fired power plant and an LNG import terminal combined into one unit. Inside are LNG storage tanks and regasification facilities, and regasified natural gas from its own facilities is used for its electricity power generation. FSPP can directly supply regasified gas to designated on-land infrastructures, such as natural gas pipelines or adjacent onshore plants.

Additionally, FSPP can be a solution for areas where local infrastructures are not sufficient to utilise natural gas as a power generation fuel. Major functions of a gas-fired power plant are onboard, so required land acquisition is at a minimum compared to an onshore power plant. This means developers can mitigate project risk by reducing a potential claims from local communities and avoiding hard negotiation with landowners.

DSME commented: “Although we are not well known in power industry currently, we have a clear vision to position ourselves as a top-tier EPC contractor in the area of floating power plant.”

Adapted from press release by Katie Woodward

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