US-based Excelerate Energy was the trailblazer of floating regasification technology and today remains the largest player in this fast-growing industry, with nine FSRUs in its fleet.
But competition is getting more intense. Established players Hoegh LNG and Golar LNG now have seven and six vessels respectively and more on order. Newcomers include BW Group, Mitsui OSK Lines and even Gazprom.
Meanwhile, floating regasification projects are becoming more complex as customers seek new ways to exploit the opportunities that the technology opens up.
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