Mooring solutions provider Seasystems and Stena Bulk, a tanker shipping company, have entered into a cooperation agreement to advance floating liquefied natural gas (LNG) infrastructure solutions, combining their experience to cater to the global energy industry.
This collaboration involves the integration of Seasystems' expertise in mooring and fluid transfer systems delivery with Stena's floating storage technologies.
Stena’s solutions include its proprietary extended floating storage unit (FSU)/floating storage and regasification unit (FSRU) mooring system, also known as the EFM system, and jettyless floating terminal (JFT) technology.
Stena Bulk LNG general manager Göran Hermansson said: “Stena is pleased to enter this cooperation with Seasystems. Our patented jettyless LNG technologies, including the EFM and JFT systems, represent a significant advancement in enabling flexible and efficient LNG import and export solutions.
“By combining our proprietary innovations with Seasystems’ expertise, we strengthen our joint ability to deliver safe, reliable and cost-effective infrastructure to the global energy market. This agreement ensures that our technologies remain under Stena Bulk’s ownership while being deployed to create tangible value for clients and the wider industry.”
The deal grants Seasystems exclusive rights to market, sell and supply Stena's patented jettyless LNG solutions, which remain the property of Stena.
These solutions are specifically advantageous in areas that lack established infrastructure, as they can be implemented in nearshore or offshore locations with adequate water depth, even under challenging conditions.
The jettyless technologies facilitate adaptable and economical LNG storage and transference, according to Seasystems.
Seasystems managing director Torkjell Lisland said: “This cooperation marks an important milestone for Seasystems.
“We look forward to supporting Stena Group’s existing clients and new LNG projects worldwide. Together we can provide cost-effective, one-stop-shop solutions for jettyless LNG terminal facilities.”
