Lloyd’s Register (LR) has signed a contract to class the first ever floating storage regasification unit (FSRU) for Indian waters, helping to meet demand for liquefied natural gas (LNG) in the region.
The FSRU will be stationed at Jafrabad port and will operate 24 hours a day, 365 days a year. The purpose of an FSRU is to transfer LNG via a unit on board an LNG gas carrier, or by converting an old carrier into a unit that is independent and can be classed as an offshore installation in a specific location.
FSRUs are becoming an increasingly popular option for meeting the growing demand for regasification as they are significantly cheaper to operate than onshore plants and are highly versatile in their operation.
The 180,000m3 LR-classed FSRU will help meet the demand for LNG in the region, which is predicted to make up to 20 per cent of India’s total energy consumption by 2030. The unit will be built to LR’s Rules for the Classification of Offshore Units by Hyundai Heavy Industries (HHI) for SWAN LNG (SLPL). It is due for delivery in December 2019.
SLPL’s Bhavik Merchant said: “Our FRSU based LNG Terminal at Jafrabad will help India’s push to increase the proportion of gas in its energy mix to power its economic expansion. SLPL is pleased to be working with Lloyd’s Register on this prestigious project as they have a wealth of expertise in large gas projects and we have been impressed by their desire to constantly improve the overall quality during construction to ensure uninterrupted operation.”
LR’s Marine & Offshore Area Manager for South Asia, Middle East and Africa, Piet Mast, commented: “LR is delighted to be working with SLPL on this first of its kind project in India, this success is owed to the real global collaboration of all LR teams involved. LR is expanding its scope of work in this area with a number of other FSRU and gas related opportunities in India, Sri Lanka and Bangladesh.