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Sevan Marine and Fluor enter cooperation agreement

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LNG Industry,

Sevan Marine ASA has announced that – through its subsidiary HiLoad LNG AS – it has entered into a cooperation agreement with Fluor Corp. for global projects that use HiLoad’s floating regasification dock (FRD) LNG technology.

The CEO of Sevan Marine, Reese McNeel, said: “We are proud to announce the cooperation with Fluor.

“This is a strong acknowledgement of the development work done by HiLoad LNG to introduce a cost-efficient technology for LNG regasification and LNG transfer applications. The agreement will grow our businesses by complementing each company’s strengths for unique customer solutions for floating LNG storage and regasification units. We are excited to start working with Fluor and look forward to exploring the opportunities in the regasification market that this agreement creates.”

Pierre Bechelany, Senior Vice President of Pipelines and LNG for Fluor, added: “This agreement gives us the capability to evaluate and deliver both marine and land-based LNG storage and regasification solutions.

“Our industry-leading global sourcing and fabrication yard capabilities, including our COOEC-Fluor Heavy Industries joint venture fabrication yard in China, allow us to uniquely deliver capital efficiency and schedule certainty to the LNG marketplace. With this agreement, we can better deliver those results to the floating LNG storage and regasification market.”

The FRD technology provides an alternative to conventional units, and is applicable to floating LNG receiving, storage, transhipment and regasification terminals. The solution is applicable for facilities that deliver 50 – 400 million ft3/d of gas or more, and enables the use of a conventional LNG carrier as the floating storage unit, with a minimum of modifications and installation costs. LNG regasification systems can be kept offshore, without needing port facilities, whilst maintaining operation during challenging weather and ocean conditions.

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