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Seatrium wins first FSRU conversion contract for Excelerate
Singapore's Seatrium secured an EPCIC contract from Excelerate Energy to convert an LNG carrier into an FSRU, with an option for a second unit.
Singapore shipyard group Seatrium has secured an EPCIC contract from New York-listed floating regasification specialist Excelerate Energy. The project covers conversion of an LNG carrier into a floating storage and regasification unit (FSRU). The contract includes an option for a second unit.
The work is Seatrium's first FSRU conversion for Excelerate, according to the available information. Financial terms were not disclosed.
Engineering work is expected to begin in the fourth quarter; the year was not specified in the available information. No other operational details, delivery dates or capacity figures were given.
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