CNTIC VPower takes delivery of Myanmar LNG FSU

CNTIC VPower, the joint venture developing LNG-to-power projects in Myanmar, has taken delivery of a 126,000-cbm floating storage unit.

The JV consisting of Hong Kong-listed VPower Group and China National Technical Import & Export Corporation welcomed the FSU earlier this month, according to Synergy Group.

The venture tasked the Singapore-based ship manager to head the FSU project that included converting a 1992-built 127,452-cbm LNG carrier.

Furthermore, Sembcorp Marine’s Admiralty Yard in Singapore performed the conversion works.

Synergy will manage, maintain and operate the FSU that will work in Myanmar. The unit will have a Synergy crew consisting of 25 seafarers, the firm said.

Additionally, the FSU will be moored permanently to receive and store LNG imports. The fuel will then be delivered on demand to an onshore regasification plant which will supply power to local consumers.

The FSU will offload LNG to the regasification plant at rates of up to 350 cubic metres per hour during peak demand. The flow rate can be adjusted to as little as 150 cubic metres per hour during non-peak periods, the firm said.

The unit has a projected lifespan of 15 years, Synergy said.

To remind, CNTIC VPower acquired the Karmol LNGT Powership Anatolia from Karmol earlier this year.

The 1992-built carrier was previously named Northwest Seaeagle and served the Australian North West Shelf LNG venture.

Following the purchase, the JV renamed the vessel to CNTIC VPower Energy.

- Advertisements -

Most Popular

Adnoc awards Ruwais LNG gig to Baker Hughes

A unit of UAE’s energy giant Adnoc has awarded US energy services firm Baker Hughes a contract for the...

Trafigura enters $400 million loan to buy US LNG cargoes for Europe

Energy trader Trafigura has entered into two revolving credit facilities worth $400 million and will use the funds to...

DNV: eight LNG-powered vessels ordered in September

Classification society DNV has added eight LNG-powered ships to its Alternative Fuels Insight platform in September, 13 ships less...

More News Like This

CNTIC VPower buys second LNG vessel

CNTIC VPower has bought another liquefied natural gas vessel as the joint venture is continuing to develop LNG-to-power projects. The...