For the global LNG industry, is the FSRU honeymoon over? [Reuters]
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Source: Reuters
For the global LNG industry, is the FSRU honeymoon over? | Reuters 7 Min Read LONDON (Reuters) - A giant vessel docked at the port of Moheshkhali in Bangladesh two months ago, propelling the populous but poor nation into the fast-expanding club of liquefied natural gas (LNG) buyers. The Excellence is the latest floating storage and regasification unit (FSRU), a type of carrier that has proliferated since 2015 as many countries switch to a cleaner and increasingly cheaper fuel than oil and coal. But the young FSRU industry has been beset by more project delays than successes in the past 12 months as fluctuating energy prices, shipping rates, government policies and not least strong demand for gas in China reshape the sector. With the number of countries importing LNG having risen to 42 from 30 in three years, “plug and play” projects, in which regasification vessels link to well-worn physical and commercial infrastructure, are expected to continue if at a slower pace. But strong Chines
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