South Korean shipbuilder HD Hyundai Heavy Industries has officially started building MOL’s floating storage and regasification unit (FSRU), which will serve Gaz-System’s Gdansk LNG project in Poland.
Poland’s state-owned LNG terminal operator Gaz-System announced the steel-cutting ceremony for the 170,000-cbm FSRU (Hull No. 3515) in a social media post on Tuesday.
In April last year, Japan’s shipping giant MOL signed a long-term FSRU charter deal with Gaz-System for the planned LNG import terminal in Gdansk.
The deal with MOL’s unit White Eagle Energy is for 15 years with the possibility of further extension.
Based on the charter agreement, Gaz-System also has the right to purchase the FSRU.
HD Hyundai Heavy’s parent HD KSOE said in March 2024 that the shipbuilder won an order from an owner in Europe.
HD Hyundai Heavy will deliver the 170,000-cbm FSRU in 2027.
It will be 294 meters long and 46 meters wide.
The contract has a price tag of 483.9 billion won or about $364 million.
This is Poland’s first FSRU and will add to the onshore Swinoujscie LNG terminal.
Its commissioning is planned for late 2027/early 2028.