Gas exporters may be agonizing over low LNG prices and a mounting supply glut, but not all in the industry are under pressure. Gluts create a need for storage and quick access to new markets, providing an opportunity for owners of floating storage and regasification units (FSRUs), which can be built and connected faster and more cheaply than their onshore counterparts. Supermajor Royal Dutch Shell — which recently doubled down on LNG with its $62 billion purchase of BG — is even getting into the mix, and floating LNG firm Hoegh has gone so far as to shift its business model to exclusively delivering FSRUs.
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