Hanwha Ocean lays keel for Singapore’s first FSRU

South Korean shipbuilder Hanwha Ocean has laid the keel for MOL’s floating storage and regasification unit (FSRU), which will serve Singapore's second LNG import terminal.

Singapore LNG, the state-owned operator of the country’s first LNG import terminal on Jurong Island, announced the keel-laying ceremony for the 204,000-cbm FSRU (Hull No. 2597) in a social media post on Tuesday.

“Last week, some of our colleagues attended the keel-laying ceremony for the floating storage and regasification Unit (FSRU) for Singapore’s second LNG terminal,” the company said.

“This is another key milestone in the shipbuilding journey, symbolizing the formal start of assembly of the vessel’s modular components,” SLNG said.

SLNG added that the FSRU’s construction has been progressing according to schedule.

Hanwha Ocean officially began construction of MOL’s FSRU in October last year.

SLNG will charter the unit under a deal it signed with Japan’s MOL in October 2024.

Singapore’s first FSRU is worth $413 million.

With a regasification capacity of 5 million tons per annum (mtpa), it will be moored at Jurong Port and connected to the gas network in 2030.

In March this year, SLNG and contractor China Communications Construction Company officially kicked off construction on the onshore connecting infrastructure for Singapore’s second LNG terminal.

Among other things, the OCI will house key facilities such as the main process area, a jetty for the FSRU, and pipelines that will deliver regasified LNG into the national grid, SLNG said.

The FSRU-based facility will add to SLNG’s Jurong Island plant.

Singapore’s first LNG terminal on Jurong Island began commercial operations in May 2013.

It currently operates with two jetties, three storage tanks of 180,000 cbm each, a fourth storage tank of 260,000 cbm, and a peak sendout capacity of around 11 mtpa.

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