Karmol Dakar FSRU

From Global Energy Monitor
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Karmol Dakar FSRU is a liquefied natural gas (LNG) import terminal under construction in Senegal.[1] The FSRU provides gas to the Karpowership (Senegal) Aysegul Sultan power station.[2]

Location

The terminal is located in Port Dakar, Senegal.[2]

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Project details

  • Operator: KARMOL[3]
  • Owner: KARMOL[3]
  • Parent company: MOL, Karpowership (subsidiary of Karadeniz Energy Group)[3][4]
  • Vessel: Karmol LNGT Powership[3]
  • Location: Port Dakar, Dakar, Senegal[2]
  • Coordinates: 14.6893, -17.4323 (exact)
  • Capacity: 2.5 mtpa[1]
  • Status: Construction[1]
  • Type: Import[2]
  • Start year: 2023[1]
  • FID status:
  • Financing: US$71 million loan from JBIC and MUFG (2023)[5], US$60 million for LNG facility and associated power plant from Mauritius Commercial Bank (2021)[6]

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

Background

Karmol Dakar FSRU is a floating LNG import vessel connected to the 236-MW Karpowership power plant, another vessel. The terminal has an import capacity of 15 million cubic feet per day (MMcf/d)(0.11 mtpa) with the potential of being expanded to 300 MMcf/d (2.28 mtpa). This integrated, floating complex will serve critical shore-based grids in Senegal. The vessel is described as the world's first modular LNG FSRU.[2]

In May 2022, the vessel was completed, but the project had not yet begun operation.[2]

Financing

In April 2021, the Mauritius Commercial Bank (MCB) granted US$60 million in financing for the LNG-to-power project in Senegal including the LNG terminal and associated power station.[6]

In January 2023, KARMOL received a loan from the Japanese banks JBIC and MUFG for US$71 million to finance the project.[5]

Articles and resources

References

  1. 1.0 1.1 1.2 1.3 IGU. 2023 World LNG Report. July 2023.
  2. 2.0 2.1 2.2 2.3 2.4 2.5 Battersby (a_battersby), Amanda (2022-05-15). "World first: modularised FSRU enters service | Upstream Online". Upstream Online | Latest oil and gas news. Retrieved 2022-06-07.
  3. 3.0 3.1 3.2 3.3 "First LNG FSRU Arrives in Senegal for KARMOL Powership Project". The Maritime Executive. Retrieved 2022-06-07.
  4. About. Karpowership. Accessed June 2022.
  5. 5.0 5.1 GIIGNL. The LNG Industry: GIIGNL Annual Report 2023. July 14, 2023.
  6. 6.0 6.1 "La MCB finance une centrale électrique flottante au Sénégal". Ecoaustral (in français). Retrieved 2023-08-22.

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