• Natural Gas News

    Nakilat to Manage First FSRU

Summary

This is the first FSRU to be managed in-house by Nakilat.

by: Shardul Sharma

Posted in:

Complimentary, Natural Gas & LNG News, Asia/Oceania, Liquefied Natural Gas (LNG), Security of Supply, Corporate, Import/Export, News By Country, Qatar

Nakilat to Manage First FSRU

Qatari shipowner Nakilat has taken over the technical ship management and operation of the floating storage and regasification unit (FSRU) Exquisite from Excelerate Technical Management with effect from December 17, it said on December 21.

The FSRU is jointly owned by Nakilat and Excelerate Energy through a joint venture established in 2018. This is the first FSRU to be managed in-house by Nakilat, bringing its managed fleet size to 27 vessels, comprising 22 LNG and four LPG carriers and one FSRU.

The FSRU Exquisite, currently operating in Pakistan, has a cargo-carrying capacity of 150,900 m3 and a peak regasification rate of 690mn ft3/day (19.5mn m3/day). The vessel has received more than 330 LNG cargoes since its launch in 2015. 

Nakilat recently completed the second phase of its fleet management transition from Shell, with a total of seven LNG carriers joining its fleet.