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Vopak and Exmar decide not to pursue FSRU transaction

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LNG Industry,

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.

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