Vopak to acquire Exmar FSRU business
Published by David Rowlands,
Editor
LNG Industry,
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/liquid-natural-gas/22122016/vopak-to-acquire-exmar-fsru-business/
You might also like
EIA: US natural gas trade will continue to grow with the start-up of new LNG export projects
The U.S. Energy Information Administration’s recently released Short-Term Energy Outlook forecasts that US LNG exports will continue to lead growth in US natural gas trade as three LNG export projects currently under construction start operations and ramp up to full production by the end of 2025.