FSRUs helping LNG to penetrate emerging markets
Floating storage and regasification units are allowing economies to access the lower-carbon fuel source without expensive infrastructure
Demand for floating storage and regasification units (FSRUs) is expanding rapidly, especially in developing Asian economies, despite legal and regulatory challenges, a panel of experts on the Emea leg of the Petroleum Economist LNG to Power forum series agreed last week.
“There is a huge demand for floating regas for many different reasons, [including] the development costs and the technology they provide,” says Aziz Kassim, vice president, development, Middle East, at Excelerate Energy.
“They enable a lot of countries to start quickly to import LNG and take advantage of the lower prices, with the abundance of LNG around the world,” he says, noting plentiful exports from the US, Australia
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