Vopak and Exmar have announced that they have decided not to pursue a floating storage and regasification unit (FSRU) transaction announced last year.
On 21 December 2016, both parties claimed that they had reached a conditional agreement on the acquisition by Vopak of Exmar’s participation in FSRU assets.
The finalisation of this transaction was subject to consent and cooperation of a number of stakeholders.
After careful consideration, both companies have come to the conclusion that these conditions will not be met on the envisaged transaction. Therefore, the closing of the FSRU transaction will not be pursued any further.
Read the article online at: https://www.lngindustry.com/regasification/27042017/vopak-and-exmar-decide-not-to-pursue-fsru-transaction/
This webinar will walk the audience through a methodology for developing risk-adjusted plans, leveraging remote collaboration techniques for disparate and socially distanced teams. This next-generation risk management approach is already proving itself on numerous oil and gas CAPEX projects. Find out why InEight expects the trend of risk-adjusted scheduling adoption to continue. Register for free today »