Hong Kong welcomes its first FSRU as LNG terminal launch nears

The world’s largest FSRU, owned by MOL, has arrived in Hong Kong and will soon start serving Hong Kong’s first LNG import facility, CLP and HK Electric said on Thursday.

As reported by LNG Prime earlier this week, the 263,000-cbm MOL FSRU Challenger left Singapore last week.

The FSRU, which will be renamed Bauhinia Spirit and used to receive, store, and regasify LNG, arrived in Hong Kong on Thursday and is staying at the South Cheung Chau Anchorage, according to an emailed statement by CLP and HK Electric.

Hong Kong LNG Terminal is a joint venture consisting of HK Electric and Castle Peak Power, in which CLP Power Hong Kong holds 70 percent, while China Southern Power Grid International has 30 percent.

“When checks and port clearance procedures are completed, the FSRU vessel will sail to the offshore LNG terminal east of the Soko Islands next week for the final commissioning of the project,” the statement said.

Hong Kong welcomes its first FSRU as LNG terminal launch nears
Image: CLP

Mid-2023

CLP Power and HK Electric said last month that they have issued a tender to buy a commissioning cargo for Hong Kong’s first LNG import terminal.

A spokeswoman for HK Electric confirmed to LNG Prime that the target for the offshore LNG terminal in Hong Kong to go into commercial operation in mid-2023 remains unchanged.

The two firms confirmed this in the new statement as well.

The LNG import terminal project forms part of Hong Kong’s initiative to reduce emissions. The city and special administrative region of China aims to replace about half of its power generation fuel with natural gas.

Besides the giant FSRU, the facility includes a double berth jetty and two subsea pipelines.

Dutch Vopak said this week that it will not buy a 49.99 percent stake in the FSRU from Japan’s MOL, but it will remain involved in the commissioning of the terminal and will continue to provide support to the operation of the terminal as required.

This FSRU has a nominal capacity of 600 million cubic feet per day with a maximum capacity of 800 million cubic feet per day.

Regasified LNG coming from the FSRU will supply two power plants and these include the Black Point power station located in the New Territories and Lamma power station located at Lamma Island.

Shell will supply LNG as part of a long-term deal signed with the two utilities in 2019.

Most Popular

Japan’s Tokyo Gas to expand LNG trading business

Japan’s city gas supplier and LNG importer, Tokyo Gas, plans to expand its liquefied natural gas trading business further, including in the US.

Excelerate buys NFE’s Jamaica business for $1.05 billion

US FSRU player Excelerate Energy has entered into a definitive agreement with compatriot LNG player New Fortress Energy to acquire NFE’s business in Jamaica for $1.055 billion in cash.

Shell CEO expects progress on Venture Global arbitration this year

Shell’s CEO Wael Sawan expects to have an update on an arbitration dispute with US LNG exporter Venture Global LNG later this year.

More News Like This

QatarEnergy LNG carrier completes trials in China

A 174,000-cbm liquefied natural gas (LNG) carrier built as part of the massive QatarEnergy shipbuilding program has completed its trials in China, according to Hudong-Zhonghua.

Titan, MOL wrap up first LNG bunkering op under new term contract

Dutch LNG supplier Titan and Japan's shipping giant MOL have completed the first LNG and bio-LNG bunkering operation for MOL's car carrier under a new multi-delivery contract.

Dutch Eemshaven LNG terminal received 123 cargoes since launch

The FSRU-based LNG import facility in the Dutch port of Eemshaven, owned by Gasunie and Vopak, has received 123 shipments, mostly from the US, since its launch in September 2022.

MOL, Seaspan wrap up Vancouver LNG bunkering op

Japan's shipping giant MOL has joined forces with Canada's Seaspan Energy to complete its first ship-to-ship LNG bunkering operation in Vancouver, Canada.