Indonesia’s Humpuss to form FSRU JV with Exmar

Indonesia-based shipping service provider Humpuss Intermoda Transportasi signed a deal with Belgium’s Exmar to cooperate on an FSRU development.

Under the agreement, the two companies will form a joint venture for the development of a floating LNG storage and regasification unit (FSRU) to supply the demand that originates from a consortium formed by Pertamina, Sojitz and Marubeni, Indonesia Investments said on Wednesday.

This project will require about $400 million in investment. It was one of three deals signed between Belgian and Indonesian companies.

Exmar operates a fleet of LNG carriers capable of being deployed as LNG shuttle and regasification vessel, or as floating storage regasification units (FSRU).

LNG World News Staff