Cargotec’s subsidiary MacGregor has secured an order from Excelerate Energy to supply on-vessel equipment, product fabrication, engineering and project management for complete mooring and riser system.
These will serve Moheshkhali floating liquefied natural gas (LNG) terminal to be located in Bangladesh, off the coast of Bay of Bengal.
The order was placed by Excelerate Energy in this year’s second quarter and is expected be completed in the second quarter of next year.
The order placed by Excelerate Energy, is part of an Engineering, Procurement, Construction and Installation (EPCI) contract to provide the company with mooring and gas transfer system for a floating storage and regasification unit (FSRU).
For the contract, MacGregor will provide on-vessel equipment, Flintstone mooring connectors, along with project management for the fabrication, procurement and project management of the entire mooring and riser system for the FSRU, which will be operated by Excelerate Energy.
"This is an important order for us. We are happy to be involved in this interesting collaboration project of several trusted companies," says Høye G. Høyesen, Vice President, Advanced Offshore Solutions, MacGregor. "We bring our vast expertise in managing demanding mooring projects but also our long experience from the mooring business."
"We are happy to be involved in this floating LNG terminal project. This order is a natural step in our strategy to expand to the FSRU market with one of world's leading players" says Michel van Roozendaal, President, MacGregor. "This order proves the combined strength of both MacGregor and Flintstone". MacGregor acquired the majority of Flintstone shares last autumn.
A few days ago, Excelerate Energy secured finance to build the floating LNG terminal. This is considered to be the first floating LNG in Bangladesh, located off the coast of Island of Moheshkahli.