FSRU investment heatmap FSRUs working as LNG carriers

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Terminal: Bahia Blanca Vessel: Excelsior Storage cu m: 138,000 Startup: 2008 Terminal: Buenos Aires Vessel: Exemplar Storage cu m: 149,700 Startup: 2011 Terminal: Pecem Vessel: Golar Spirit Storage cu m: 129,000 Startup: 2008 Terminal: Guanabara Bay Vessel: Experience Storage cu m: 173,400 Startup: 2009 Terminal: Bahia, Salvador Vessel: Golar Winter Storage cu m: 138,000 Startup: 2014 Terminal: Jakarta Bay Vessel: Nusantara Regas Satu Storage cu m: 125,000 Startup: 2012 Terminal: Heidera Vessel: Excellence Storage cu m: 138,000 Startup: 2013 Terminal: Tianjin Vessel: Neo Energy Storage cu m: 149,700 Startup: 2013 Terminal: Mina Al Ahmadi Vessel: Golar Igloo Storage cu m: 170,000 Startup: 2014 Terminal: Klaipeda Vessel: Independence Storage cu m: 170,000 Startup: 2014 Terminal: Lampung, Sumatra Vessel: PGN Lampung Storage cu m: 170,000 Startup: 2014 Terminal: Offshore Livorno Vessel: Toscana Storage cu m: 137,500 Startup: 2014 Terminal: Jebel Ali Vessel: Explorer Storage cu m: 151,000 Startup: 2015 Terminal: Port Qasim 1 Vessel: Exquisite Storage cu m: 151,000 Startup: 2015 Terminal: Ain Sokhna 1 Vessel: Gallant Storage cu m: 170,000 Startup: 2015 Terminal: Ain Sokhna 2 Vessel: BW Singapore Storage cu m: 170,000 Startup: 2016 Terminal: Aqabar Vessel: Golar Eskimo Storage cu m: 160,000 Startup: 2015 Terminal: Ruwais Vessel: Excelerate Storage cu m: 138,000 Startup: 2016 Terminal: Aliaga, Izmir Vessel: Neptune Storage cu m: 145,000 Startup: 2016 Terminal: Cartagena Vessel: Grace Storage cu m: 170,000 Startup: 2017 FSRU investment heatmap Demand for floating storage and regasification units is booming amid rapid expansion of global liquefied natural gas trades. With LNG prices expected to remain competitive due to rising exports from Australia and the US, many emerging economies are opting for the quicker, cheaper floating solutions to import gas compared with conventional onshore facilities. We have observed 20 FSRUs operating as terminals and four trading as LNG tankers. Another nine under construction will be delivered from now until 2020. More conversion and newbuilding orders are expected to be placed to meet the rising demand. Vessel name Express Expedient Exemplar Hoegh Giant Storage (cu m) 150,900 150,900 150,900 170,000 mmscfd 550 550 550 750 mtpa 550 550 550 750 FSRUs working as LNG carriers 1 2 3 Terminal numbers Source: Oxford Institute for Energy Studies, Höegh

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Terminal: Bahia BlancaVessel: ExcelsiorStorage cu m: 138,000Startup: 2008

Terminal: Buenos AiresVessel: ExemplarStorage cu m: 149,700Startup: 2011

Terminal: PecemVessel: Golar SpiritStorage cu m: 129,000Startup: 2008

Terminal: Guanabara BayVessel: ExperienceStorage cu m: 173,400Startup: 2009

Terminal: Bahia, SalvadorVessel: Golar WinterStorage cu m: 138,000Startup: 2014

Terminal: Jakarta BayVessel: Nusantara Regas SatuStorage cu m: 125,000Startup: 2012

Terminal: HeideraVessel: ExcellenceStorage cu m: 138,000Startup: 2013

Terminal: TianjinVessel: Neo EnergyStorage cu m: 149,700Startup: 2013

Terminal: Mina Al AhmadiVessel: Golar IglooStorage cu m: 170,000Startup: 2014

Terminal: KlaipedaVessel: IndependenceStorage cu m: 170,000Startup: 2014

Terminal: Lampung, SumatraVessel: PGN LampungStorage cu m: 170,000Startup: 2014

Terminal: Offshore LivornoVessel: ToscanaStorage cu m: 137,500Startup: 2014 Terminal: Jebel Ali

Vessel: ExplorerStorage cu m: 151,000Startup: 2015

Terminal: Port Qasim 1Vessel: ExquisiteStorage cu m: 151,000Startup: 2015

Terminal: Ain Sokhna 1Vessel: GallantStorage cu m: 170,000Startup: 2015

Terminal: Ain Sokhna 2Vessel: BW SingaporeStorage cu m: 170,000Startup: 2016

Terminal: AqabarVessel: Golar EskimoStorage cu m: 160,000Startup: 2015

Terminal: RuwaisVessel: ExcelerateStorage cu m: 138,000Startup: 2016

Terminal: Aliaga, IzmirVessel: NeptuneStorage cu m: 145,000Startup: 2016

Terminal: CartagenaVessel: GraceStorage cu m: 170,000Startup: 2017

FSRU investment heatmapDemand for floating storage and regasification units is booming amid rapid expansion of global liquefied natural gas trades. With LNG prices expected to remain competitive due to rising exports from Australia and the US, many emerging economies are opting for the quicker, cheaper floating solutions to import gas compared with conventional onshore facilities.

We have observed 20 FSRUs operating as terminals and four trading as LNG tankers. Another nine under construction will be delivered from now until 2020. More conversion and newbuilding orders are expected to be placed to meet the rising demand.

Vessel name

ExpressExpedientExemplarHoegh Giant

Storage (cu m)

150,900150,900150,900170,000

mmscfd

550550550750

mtpa

550550550750

FSRUs working as LNG carriers

1 2 3Terminal numbers

Source: Oxford Institute for Energy Studies, Höegh