As our previous webinars on LNG to Power have shown, the LNG sector has evolved from the traditional point-to-point LNG delivery system to a dynamic market with integrated components, new participants and a deeper market, evolving into the “LNG to Power project”.
In recent years various factors – whether political, commercial or technical – have combined to enhance the conditions for LNG to Power projects using floating solutions. There is no doubt that the speed with which a floating regasification and storage unit (or FSRU) can be deployed can assist not only in a project’s flexibility – but also its feasibility. However these projects are complex and the project-on-project risk between the various elements that constitute the LNG value chain (including the FSRU) is significant.
In this fourth of a series of webinars, we review the key aspects relating to the financing of the FSRU, both in relation to an integrated and non-integrated structure. We will also discuss how the FSRU sponsor, its financiers and the financiers of the power plant can manage their competing risks, whilst looking at certain bankability issues that are specific to an FSRU operating within an LNG to Power project.
Nick Dingemans, Partner, Global Energy Sector, Singapore
Joe McGladdery, Partner, Global Energy Sector, London
Heike Trischmann, Partner, Global Energy Sector, London
Gary Walsh, Partner, Global Energy Sector, London