Energos buys two FSRUs from Dynagas

US-based Energos Infrastructure, a joint venture majority-controlled by asset manager Apollo and minority shareholder New Fortress Energy, has purchased two 2021-built floating storage and regasification units from affiliates of Greece’s Dynagas.

The 174,000-cbm closed-loop FSRUs, Transgas Force and Transgas Power, will be renamed Energos Force and Energos Power, according to a statement by Energos.

Energos did not reveal the price tag of the deal.

Earlier in 2023, both of the FSRUs started long-term charter contracts with the German Federal Ministry of Economic Affairs and Climate Change.

Energos Force is planned to operate in the port of Stade under direction of state-owned LNG terminal operator Deutsche Energy Terminals (DET), while Energos Power is planned to operate in the port of Mukran and has been subchartered to private player Deutsche ReGas.

DET is planning to commission its FSRU-based facility in Stade in the first quarter of 2024.

In December, Transgas Force left Germany’s Bremerhaven and now works as an LNG carrier until mid-February when it is expected to be deployed in Stade, while Transgas Power started its charter with Deutsche ReGas in October.

US LNG firm NFE and compatriot asset manager Apollo completed the formation of their joint venture Energos Infrastructure in August 2022.

Prior to this move, the JV, 80 percent owned by Apollo, had 11 vessels in its fleet, seven FSRUs, two floating storage units, and two LNG carriers.

The addition of these two FSRUs in Europe makes Energos “the largest owner and operator of LNG marine infrastructure vessels by wholly-owned FSRU capacity operating within the continent,” the JV said.

First Chinese-built FSRUs

China’s Hudong-Zhonghua delivered Transgas Power in July 2021, while Transgas Force joined the Dynagas fleet in November 2021.

These vessels are the first Chinese-built FSRUs, according to Hudong-Zhonghua.

The units feature three Wartsila regasification modules, and each regas unit has a capacity of 250 million standard cubic feet per day.

Also, the FSRUs have MAN dual-fuel diesel-electric propulsion and GTT’s NO96 containment system.

LNG Prime could not find out the price of the new deal by the time this article was published.

The latest order for a newbuild FSRU was booked by Excelerate Energy at South Korea’s Hyundai Heavy Industries in October 2022. This deal is worth about $332 million.

On the other hand, Italian energy firm Snam recently completed the previously announced purchase of BW LNG’s 2015-built FSRU BW Singapore for about $400 million.

Back in 2022, Snam also purchased Golar LNG’s 2015-built FSRU Golar Tundra for $350 million.

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