Energos Infrastructure has snapped up two floating storage and regasification units controlled by Greek shipowner Dynagas that are on charter to projects in Germany.
The US marine LNG infrastructure company, which is controlled by asset manager Apollo, with New Fortress Energy as a minority shareholder, said the two 174,000-cbm, closed-loop FSRUs — the Transgas Force and Transgas Power (both built 2021) — will be renamed Energos Force and Energos Power.
No price details were given on the Chinese-built FSRUs.
The specialist vessels — Dynagas’ first and only venture into the regas sector — are logged as being ordered in 2016 as the first FSRUs contracted in China.
Both are on long-term charters to the German Federal Ministry of Economic Affairs & Climate Change that began in early 2023.
The Energos Force is due to operate for the Hanseatic Energy Hub in the port of Stade under the direction of Deutsche Energy Terminal.
The Energos Power is scheduled to serve as the import unit in the port of Mukran and has been subchartered to Deutsche ReGas.
Energos, which is only slowly emerging on the shipping stage after being set up by Apollo and taking on the bulk of New Fortress’ fleet, said that with the addition of these two vessels, it will own and operate 13 LNG infrastructure vessels: nine FSRUs, two floating storage units and a pair of LNG carriers.
“The addition of the Energos Force and Energos Power in Europe makes Energos the largest owner and operator of LNG marine infrastructure vessels by wholly owned FSRU capacity operating within the continent,” it said.
Energos chief executive and director Arthur Regan said: “Reliable energy infrastructure is essential to address the global energy crisis and reduce carbon emissions.
“We are pleased to acquire these critical assets in operating service in Germany, which we believe will solidify Energos as a premier LNG maritime infrastructure company and further support our efforts to bring cleaner, more reliable energy to customers around the world.”
Energy security
Apollo partner Brad Fierstein said the company believes the FSRU acquisitions will be “transformative” for Energos and support its continued growth.
“Providing enhanced energy security and enabling lower-carbon power generation are core priorities to Apollo’s efforts to help drive a more sustainable future,” he said, “and we believe the implementation of these new vessels can play a significant role in bolstering Germany’s energy independence.”
Apollo Capital Solutions performed debt advisory and placement services for the acquisition financing, which was led by BNP Paribas, Credit Agricole CIB, Mizuho Bank and Sumitomo Mitsui Trust Bank.
