Published On:August 16 2018
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Petrobangla to set up floating storage and regasification unit

The latest floating storage and regasification unit (FSRU) project to come onstream is that for Petrobangla off Moheshkhali Island. When the 138,000 m3, 2005-built Excellence began pumping her regasified cargo ashore via a subsea line in August 2018, Bangladesh became the world’s 42nd LNG import nation.

Thirteen countries have joined the LNG importers club as a result of FSRU projects while another three nations have added FSRU-based terminals to their existing complement of shore-based facilities. Looking to the future, four countries are moving ahead with plans to implement their first FSRU scheme, while a further 12 are evaluating proposals prior to a final investment decision.

FSRUs enable gas buyers to commence LNG imports much more quickly and at lower cost than is possible with shore terminals. The flexibility inherent in such vessels, most notably the ease of reassigning them to a new project, enables buyers to import LNG to cover a variety of situations. The LNG world shipping reports

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