Keppel gets OK from GasLog for Alexandroupolis FSRU conversion

Singapore’s Keppel Offshore & Marine said it has received the final notice to proceed from a unit of LNG shipping firm GasLog to convert an LNG carrier into a floating storage and regasification unit. The converted FSRU will serve the recently approved Alexandroupolis LNG import project in Greece.

Keppel Shipyard, a unit of Keppel O&M, won the EPC conversion from GAS-fifteen Ltd, a wholly-owned subsidiary of GasLog Carriers.

Besides this contract, Keppel O&M won two additional orders for FPSO integration and work on dredgers. All of the three contracts have a price tag of S$250 million ($186.3 million).

In November last year, Keppel O&M said its unit had received a limited notice to proceed with the conversion from a global provider of LNG shipping services, but it did not reveal the name of the firm.

Keppel O&M said then it had expected the full notice to proceed for the remainder of the work within the first quarter of 2022.

The yard’s scope of work for this project includes the EPC of the regasification skid, as well as the supporting systems such as boilers, spread-mooring, offloading, electrical and automation systems, according to Keppel O&M.

Keppel O&M said this marks the sixth major FSRU conversion for Keppel Shipyard.

Second Greek LNG import facility

Greece’s Gastrade recently took the final investment decision on the FSRU-based 5.5 bcm LNG import project in Alexandroupolis.

Gastrade’s shareholders include Copelouzou, DESFA, DEPA, GasLog, and Bulgartransgaz.

The partners expect to launch the terminal by the end of 2023.

Also, it would become the second Greek LNG import terminal after DESFA’s facility located on the island of Revithoussa and the country’s first FSRU.

The LNG import project’s 153,500-cbm FSRU would sit 17.6 kilometers offshore the town of Alexandroupolis in northeastern Greece, Gastrade previously said.

It will connect to the Greek domestic gas grid via a 28 kilometers long pipeline.

GasLog and Keppel O&M did not reveal the name of the LNG carrier that will undergo conversion.

Looking at the planned capacity, it could be the 2010-built GasLog Chelsea that has a capacity of 153,600 cbm.

Following completion of the conversion works, the FSRU will eventually be transferred to Gastrade while GasLog will operate and maintain the unit.

- Advertisements -

Most Popular

Souki says Tellurian invested $750 million in Driftwood LNG

US LNG firm Tellurian has already invested $750 million in its Driftwood project in Louisiana, as it continues to...

EIG hires Shell’s Venter as CEO of its LNG unit

US-based energy investor EIG said it has named Shell's De la Rey Venter as chief executive officer of its...

Shell says Prelude FLNG ops impacted due to industrial action

LNG giant Shell said that loading of cargoes at its huge Prelude floating LNG unit offshore Western Australia would...

More News Like This

Singapore’s FueLNG in LNG trucking milestone

FueLNG, a joint venture consisting of Keppel Offshore & Marine and Shell, said it has completed 1000 LNG trucking...

GasLog’s LNG carrier quartet at DSME to feature carbon capture tech

South Korea’s Daewoo Shipbuilding & Marine Engineering has joined forces with Greek LNG shipper GasLog and classification society ABS...

Van Oord christens LNG-fueled dredger Vox Ariane in Rotterdam

Dutch marine contractor Van Oord said it has christened the first out of three LNG-powered trailing suction hopper dredgers...

GasLog pens three LNG carrier charter deals

Peter Livanos-led GasLog said it has signed charter deals for three LNG carriers, including for one vessel it ordered...