Exmar raises USD 200 million for FLNG project

Belgian carrier Exmar has secured financing for one of the world's first floating LNG (FLNG) units, says the company. Chinese bank ICBC supports the project with USD 200 million.

SBM Offshore is another player in the FLNG segment.

Belgium-based gas carrier Exmar has now secured financing for its FLNG project, says the company in a statement. Chinese bank ICBC has provided USD 200 million in financing, and Exmar notes that this represents the biggest export agreement ever between China and Belgium in terms of the contractual value.

Exmar's FLNG unit, which will be used to store liquefied natural gas, is currently under construction at shipyard Wison in China, and represents one of the first orders ever for an FLNG unit.

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