info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

FSRU (Floating Storage and Regasification Unit) Companies

Anticipated growth in the FSRU market, driven by surging natural gas demand and the pursuit of adaptable, cost-efficient solutions, is poised to intensify competition among existing entities and foster new entrants

FSRU (Floating Storage and Regasification Unit) Key Company1


*Disclaimer: List of key companies in no particular order


The Floating Storage and Regasification Unit (FSRU) market, a burgeoning sector within the Liquefied Natural Gas (LNG) industry, exhibits dynamism and growth. FSRUs are increasingly sought-after solutions worldwide, given the rising global demand for natural gas and the quest for adaptable, cost-efficient energy alternatives.Key Players and Market Share:A few established entities dominate the FSRU market, with the top five companies commanding over 80% of the global share:- Excelerate Energy- Hoegh LNG- Golar LNG- BW gas- Gazprom FLEX LNG- Exmar- Maran Gas Maritime Inc.- Offshore LNG Toscana SpA- Mitsui O.S.K. Lines- Bumi Armada- Teekay Lng Partners, L.P, among others.- Höegh LNG: A Norwegian company excelling in the FSRU market, operating several FSRUs globally.- Excelerate Energy: A US-based entity boasting a large FSRU fleet, emphasizing short-term charters and floating LNG infrastructure solutions.- Golar LNG: A Norwegian LNG shipping and storage company with diverse FSRU and LNG carrier fleets.- BW Gas: A Singapore-based shipping firm strengthening its presence in the FSRU market, emphasizing longer-term contracts.- MOL: A Japanese shipping and logistics enterprise expanding its FSRU fleet and focusing on the Asian market.Key Player Strategies:FSRU market leaders employ various strategies to sustain their competitive edge:- Fleet Expansion and Modernization: Investment in new FSRU vessels to bolster capacity and meet escalating demand.- Geographical Diversification: Expanding into new regions with high FSRU utilization potential.- Strategic Partnerships: Collaborating with other entities to leverage combined expertise and resources.- Focus on Technology and Innovation: Development and implementation of new technologies enhancing efficiency, safety, and environmental performance.- Transition to Longer-Term Contracts: Shifting from short-term charters to secure more stable and predictable revenue streams.Factors for Market Share Analysis:Several factors influence market share in the FSRU market:- Number of Operated FSRUs: A gauge of a company's capacity and market outreach.- Total Storage Capacity: Reflects an entity's LNG storage and regasification capability.- Charter Rates: High rates signify robust FSRU demand, potentially translating to increased profitability.- Geographical Presence: Operating in pivotal growth markets offers a competitive edge.- Experience and Expertise: A long-standing history in the FSRU domain often implies reliability and trustworthiness.New and Emerging Trends:Evolving trends significantly shape the competitive landscape of the FSRU market:- Surge in Small-Scale FSRUs: Increasing popularity of smaller FSRUs due to their cost-effectiveness and suitability for smaller markets.- Emphasis on Operational Efficiency: Investment in technology and software optimizing FSRU operations and reducing expenses.- FSRU Bunkering Services Development: Providing FSRUs with LNG bunkering capabilities becomes crucial for emissions reduction and environmental compliance.- Elevated Focus on Environmental Sustainability: Exploration of means to minimize the environmental impact of FSRU operations, including the use of cleaner fuels and emission-cutting technologies.- Escalating Demand for Integrated LNG Solutions: Heightened customer interest in integrated solutions encompassing FSRUs, LNG carriers, and onshore regasification terminals.Overall Competitive Scenario:Anticipated growth in the FSRU market, driven by surging natural gas demand and the pursuit of adaptable, cost-efficient solutions, is poised to intensify competition among existing entities and foster new entrants. Entities adept at adapting to evolving dynamics, embracing cutting-edge technologies and market trends, are better positioned for success in the competitive FSRU landscape.Additional Considerations:- Regulatory Influence: Governmental policies and incentives play a pivotal role in the FSRU market's development, attracting investment and fostering growth.- Financing Availability: Securing funding remains critical for FSRU projects to invest in new vessels and infrastructure.- Technological Disruption: Advancements like floating LNG liquefaction and storage solutions could disrupt the current market landscape.Developments and Latest Updates:- Excelerate Energy completed its LNG regasification terminal expansion in Bangladesh in September 2023.- Golar LNG secured a multi-year charter contract for its "Golar Nanook" FSRU with RWE in Germany in September 2023.- BW Gas signed a joint venture agreement with PETRONAS for FSRU projects in Southeast Asia in December 2023.- Gazprom FLEX LNG announced plans to acquire two additional FSRUs in November 2023.- Maran Gas Maritime Inc. secured a multi-year charter contract for its "MGT Gimi" FSRU with Engie in Greece in November 2023.

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.