Seatrium Limited announced that it has secured a Floating Storage Regasification Unit (FSRU) conversion contract from Hoegh Evi, Norway, a pioneering global leader in floating energy infrastructure with one of the world's largest fleets of FSRUs for importing natural gas. The contract covers the conversion and longevity of LNG carrier, Hoegh Gandria to a FSRU which includes the installation of a regasification skid, as well as integration of key supporting systems such as cargo handling, utility, offloading, electrical, and automation systems. Engineering works for the project will commence in May 2025 with an estimated project duration of 18 months. When completed, the FSRU LNG will be deployed to the LNG terminal in Port of Sumed, Egypt under a charter agreement between Hoegh Evi and Egypt Natural Gas Holding Company (EGAS).
Seatrium Limited is a Singapore-based company, which is engaged in the provision of management services and investment holding. The business activities of the Company and its subsidiaries include the provision of engineering solutions to the global offshore, marine, and energy industries. The Company has two reportable segments, namely Rigs & floaters, repairs & upgrades, offshore platforms and specialised shipbuilding segment and Ship chartering segment. Its key business sectors include Oil & Gas Newbuilds and Conversions, Offshore Renewables, Repairs & Upgrades, and New Energies. It operates shipyards, engineering & technology centers and facilities in various countries such as Singapore, Brazil, China, India, Indonesia, and other countries. Its subsidiaries include Gravifloat AS, Jurong Shipyard Pte Ltd, PPL Shipyard Pte Ltd, Jurong Shipbuilders Private Limited, Seatrium (SG) Pte. Ltd., Seatrium Financial Services Pte. Ltd., SML Shipyard Pte Ltd, among others.
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