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Printed by Jessica Casey,
Editor
LNG Trade,
In the beginning of February 2024, the Chairman of Venice Vitality travelled to the UAE to barter a brand new settlement for the provision of the FSRU to the Outer Harbor challenge.
Again in mid-2022, Venice signed an FSRU provide settlement (time constitution get together settlement) with Greek delivery firm, GasLog.
Final 12 months, GasLog underwent a significant restructure and in doing so made the choice to sell-off plenty of vessels to others.
AG&P emerged because the purchaser of the vessel assigned to Venice Vitality’s challenge. Following conferences with them in Singapore late final 12 months and this month within the UAE, Venice Vitality has secured a brand new business settlement that ensures the challenge will obtain the transformed FSRU at an improved value and in a well timed method.
AG&P LNG are a worldwide participant in each LNG provide however extra importantly within the conversion of LNG carriers into FSRUs, which is integral to the event of the Outer Harbor challenge.
Learn the article on-line at: https://www.lngindustry.com/floating-lng/16022024/venice-energy-secures-fsru-for-outer-harbor-project/
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