ULSAN, South Korea – Hyundai Heavy Industries (HHI) has held a naming ceremony for the world’s first newbuild LNG floating storage regasification unit, which Höegh LNG ordered in June 2011.
The 170,000-cu m (6-MMcf) LNG FSRU is 294 m (964 ft) long, 46 m (151 ft) wide and 26 m (85 ft) deep, with storage capacity for 70,000 metric tons (77,162 tons) of chilled natural gas. It will be under a long-term charter to Lithuania’s Klaipedos Nafta.
The LNG FSRU will receive liquefied natural gas from offloading LNG carriers. Its regasification system provides gas send-out through pipelines to shore.
HHI says thevessel took a year less to complete and cost half the price of an onshore LNG terminal to complete. The vessel can additionally be relocated to other areas using its own propulsion system.