GTT clinches tank gig for MOL’s FSRU

According to a GTT statement, the firm won the order from a Korean shipyard and the unit will be built for an Asian shipowner.

GTT said the tanks of the FSRU will have a total capacity of 204,000 cbm, while they will feature GTT’s NO96 GW containment system.

Also, the delivery of the vessel is scheduled for the fourth quarter of 2027.

GTT did not provide further details.

LNG Prime reported on October 2, citing shipbuilding sources, that MOL and Singapore LNG were behind an order for one 200,000-cbm FSRU at Hanwha Ocean.

The contract is worth about $413 million, the highest price ever for a single FSRU.

Hanwha Ocean will deliver the FSRU by October 2027.

Singapore LNG, the state-owned operator of the country’s first LNG import terminal on Jurong Island, recently signed a deal with MOL to charter the FSRU for Singapore’s second LNG terminal.

The FSRU will be berthed at Jurong Port and will have a regasification capacity of 5 million tons per annum (mtpa).

Moreover, Singapore LNG expects the FSRU-based terminal to start operations by the end of the decade.

Singapore’s first FSRU will contribute to a stable supply of energy for the country, where about 95 percent of domestic power generation is fueled by imported natural gas.

It will boost Singapore’s regasification capacity by about 50 percent.

Singapore LNG’s first terminal has an average gas supply capacity of 9 mtpa and a peak capacity of around 11 mtpa.