Exmar’s FSRU business could be acquired by Vopak following the signing of an agreement to start discussions.
Both companies started exploratory discussions on floating LNG storage and regasification in September 2016, which has resulted in this agreement as well as possible cooperation between Vopak and Exmar in future projects.
The agreement on the acquisition envisages the transfer in stages of Exmar’s participation in FSRU assets, FSRU projects under development and a corresponding part of the Exmar organisation.
The deal is subject to the consent and cooperation of multiple stakeholders, including current partners in the FSRU and customary approval from authorities.
Vopak says in a statement that the ultimate scope of the transaction is dependent on the outcome of this process.