Sembcorp Invests in Gravity-Based LNG Terminal Concept

Each GraviFloat terminal offers full flexibility through its modularized block-building concept where any capacity ranging from 20,000 cubic metres storage, expanding as and when required.

Singapore-based shipbuilder Sembcorp Marine announced today a $4 million investment to acquire a 12 percent stake in GraviFloat AS, a Bergen-based firm that has developed a modularized, re-deployable gravity-based LNG/LPG terminal concept.

GraviFloat’s terminals can be designed as either LNG import/regasification or export/liquefaction terminals, as a mobile unit for stranded gas production and liquefaction, or perhaps for temporary production of associated gas to support oil production, notes Sembcorp.

The system can incorporate either Moss-type or membrane LNG containment systems and can be tailored for use in many different bottom types, according to GraviFloat.

GraviFloat was incorporated in Norway in 2006 as a spin-off of European naval architecture/marine engineering firm LMG Marin.  Should this concept take hold in the industry, Sembcorp Marine has been given the right to increase their equity stake by up to 20% via a subsequent equity investment.

Subscribe for Daily Maritime Insights

Sign up for gCaptain’s newsletter and never miss an update

— trusted by our 107,026 members