GasLog confirms order of FSRU LLIs
Published by Callum O'Reilly,
Senior Editor
LNG Industry,
GasLog Ltd has announced that Keppel Shipyard Ltd has started ordering long lead items (LLIs) required for the conversion of a GasLog or GasLog Partners LP LNG carrier to a floating storage and regasification unit (FSRU).
The LLIs, which take approximately 12 months to deliver at a total cost of around US$16 million, include pumps, vaporisers, heat exchangers and low duty compressors.
Ordering the LLIs reduces the time necessary to convert an LNG carrier from between 18 - 20 months to 6 - 8 months once the LLIs are delivered.
GasLog believes that securing the LLIs at this time will put the company in a position to offer a fast track solution for FSRU projects in the future. GasLog is working on a number of potential projects where the LLIs could be used in a vessel conversion and has a number of well suited candidates for conversion in its fleet of LNG carriers.
Paul Wogan, Chief Executive Officer (CEO) of GasLog Ltd, said: "GasLog's success in developing both its FSRU capability and its industry relationships has allowed the early ordering of the LLIs. This is a reflection of the progress we are making with a number of different projects around the world."
Read the article online at: https://www.lngindustry.com/lng-shipping/05122016/gaslog-confirms-order-of-fsru-llis/
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