Sembcorp Invests in Gravity-Based LNG Terminal Concept

gravifloat lng terminal
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.

gravifloat lng terminal
A large GraviFloat type terminal may be designed to service one or several of the largest LNG carriers located in water depths of 15 to 20 metres.

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.