A GasLog-owned LNG carrier has arrived in the Caribbean to act as a floating storage unit for a new LNG cargo breakbulk facility being launched by New Fortress Energy and Ocean Point Terminals.
Kpler data shows the 155,000-cbm GasLog Singapore (built 2010) arrived in a laden condition at Ocean Point Terminals dock on St Croix in the US Virgin Islands on 15 June.
The vessel, which is employed on a two-year time-charter to New Fortress, originally loaded its cargo in Nigeria, calling at New Fortress' facility in Jamaica before moving on to St Croix.
Ocean Point Terminals announced that a ship, its first LNG carrier which it did not name, will be moored at its Dock 8 on “a temporary basis” and will be used to start LNG ship-to-ship transfer operations.
“The LNG will be transferred from large “supply vessels” to smaller “shuttle ships” for redistribution across the Atlantic region,” the company said.
Ocean Point said a permanent operation is due to be established at its Dock 6 later this year, without giving further details.
The St Croix-based company said the kick-off of these operations follows a three-year process to start this new line of business.
The company did not respond to TradeWinds' questions about the new project.
Ocean Point Terminals chief executive Todd Dillabough said: “ .. this project significantly increases access to affordable, reliable, clean LNG fuel in the region to accelerate the regional energy transition.”
Dillabough said it also positions the facility as “a key energy logistics hub in the Atlantic Basin for LNG and both sustainable and green tech fuels of the future.”
Ocean Point Terminals claims to be the world’s fifth-largest active marine oil and products terminal.
The facility consists of 167 tanks, with a capacity of approximately 34 million barrels, and deep-water access to 11 docks including an offshore single-point mooring buoy capable of loading and discharging vessels up to VLCC size.
