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Jamaica considers bids from three FSRU providers

04 May 2012 10:45:42 | glm

Three companies have submitted bids for to provide the floating storage and regasification unit (FSRU) for Jamaica's planned LNG receiving terminal, according to the country's ministry of energy and mining.

The bids were received on April 27 from Belgium-based Exmar, South Korea's Samsung Heavy Industries and Spain-based Sener IngenierĂ­a y Sisternas, according to Ernie Megginson, Jamaica LNG project manager. The Jamaican government-led project is expected to award the contract by the end of June.

This is the project's second round of infrastructure bidding, after a consortium led by Exmar was awarded preferred bidder status during the first phase of the project's development following a June 2010 tender. However, a subsequent investigation by the government found allegations of bias in the original tender, though no allegations were directed toward the Belgian company. The latest tender was re-issued in August 2011.

With this second round, the planned floating project aims to import an initial 830,000 tonnes per annum (tpa) by 2014. The infrastructure is expected to be built for a site offshore Port Esquivel in south Jamaica, coinciding with the start-up of a 360MW Jamacia Public Service Company power plant.

After a separate tender was launched to secure supply, the project is contemplating five supply bids submitted by Anglo-Dutch major Shell, Japanese trading house Marubeni, US investment bank Morgan Stanley, and Spanish gas companies Gas Natural and Repsol. The supplier is also expected to be announced in late June.

Megginson said a separate request for proposal also was launched for the natural gas pipeline network for the island nation, linking the terminal to end users. The RFP is expected to be issued by late May.

The project also is undertaking efforts to secure $100m to fund the project, through an established independent gas trust.

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