Friday, November 7, 2008

EXMAR forms floating LNG alliance

Belgium: EXMAR has formed an alliance with U.S.-based liquefied natural gas (LNG) importer Excelerate Energy and engineering, consulting and construction company Black & Veatch to advance its efforts in developing floating liquefaction solutions.

"The alliance of a proven liquefaction technology provider, an experienced LNG importer and marketer and EXMAR's proven track record of pursuing technologically challenging projects in the LNG business is in my view a unique selling proposition to field owners," said Nicolas Saverys, chief executive officer of EXMAR NV. "This partnership forms a solid basis for the successful development of the first floating liquefaction, storage and offloading solution in the world. "The alliance has the expertise to develop a cost-effective source-to-market solution that provides the same reliability, efficiency and flexibility that Excelerate and EXMAR have pioneered in floating regasification and LNG ship-to-ship transfer, EXMAR said in a statement. The alliance is currently advancing its design efforts and working to create a solution that capitalizes on the expertise gained from industry-leading efforts of the combined team in floating regasification, shipping, liquefaction, gas processing, and downstream marketing.
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