GNL Del Plata FSRU

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GNL Del Plata FSRU was a proposed floating storage and regasification unit (FSRU) in Montevideo, Uruguay. There have been no development updates since 2015 and the project is presumed to be cancelled.

Location

The terminal would have been located 2.5km offshore in the River Plate in the Punta Sayago area in western Montevideo.

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Project Details

• Operator: Gas Sayago (joint venture between Uruguay’s state oil company ANCAP and state power company UTE)
• FSRU Leesse: Mitsui
• FSRU Owner: Mitsui O.S.K. Lines
• Parent company: Mitsui Group
• Location: Punta Sayago, Montevideo, Uruguay
• Coordinates: -34.883611, -56.181944 (approximate)
• Capacity: 0.1 mtpa; 0.01 bcfd
• Status: Cancelled
• Type: Import
• Start Year: 2018

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

Background

In 2007 Argentina and Uruguay signed an Energy Cooperation Agreement for the construction of a regasification plant close to Montevideo in Uruguay. A contract was awarded to Foster Wheeler to perform the conceptual study, the front end engineering and design (FEED) and to prepare the bid to select the company to design, build, own and operate the Montevideo LNG project.

In 2012 Argentina pulled out of the agreement to develop its own domestic shale resources. In May 2013, GDF-Suez came out as the front runner of the competition for this build, own, operate and transfer (BOOT) contract for this Uruguay LNG terminal project.

In 2013 GDF Suez was awarded the BOOT contract, and in 2014 Marubeni became a 50-50 partner on the project. The terminal will have 10 million cubic meters/day of send-out capacity.

The FSRU was planned for 2018, after Mitsui took control of the contract in 2015.

There have been no development updates since 2015 and the project is presumed to be cancelled.