An event was held in Singapore on October 23 to officially launch this project, with all parties in attendance.
The FSRU will be built at Hanwha Ocean Co., Ltd. in South Korea.
After delivery, MOL will own, manage, and operate the FSRU.
The FSRU will be moored at the Jurong Port in Singapore, and will play a central role in receiving, storing and regasifying LNG, and sending gas to shore.
This first FSRU to be introduced in Singapore is an infrastructure project that will contribute to a stable supply of energy for the country, where about 95% of domestic power generation is fueled by imported natural gas.
FSRU stands for Floating Storage and Regasification Unit. It is a floating facility capable of receiving and storing LNG offshore, regasifying it, and sending it to shore. FSRUs have the advantage of lower costs and shorter construction periods compared to constructing storage tanks and regasification facilities onshore.
Outline of the FSRU
- main dimensions:
- length - 298.8m,
- beam: 51.0m;
- LNG storage capacity - 200,000 m3;
- regas discharging capacity - 5 million tonnes per annum;
- shipyard - Hanwha Ocean Co., Ltd.;
- scheduled delivery - 2027
