FSRUs in India: Strange movements – 4 May 2022

The FSRU market has undergone a sudden transformation after the Russia-Ukraine war

With Europe trying to wean itself out of Russian pipeline gas, there is a sudden demand for FSRUs, and because the new Indian FSRU based terminals are still trying to put their act together, it would be perhaps more lucrative to deploy these vessels in Europe at significantly higher prices than at which they were hired by Indian companies

But the Indian FSRUs have a different story to tell