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.