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Bureau Veritas releases new FSRU rules

Classification society Bureau Veritas has come out with a new rule (NR645) for the classification of floating storage and regasification units (FSRUs) to meet the industry needs with two distinct class notations: Liquefied Gas Carrier -FSRU notation and FSRU notation.

Demand for FSRU’s is growing as they are a fast, cost-effective route to meet growing demand for LNG as a clean and cost-competitive energy source, BV said on Monday.

The new BV rules, developed in close cooperation with FSRU stakeholders set out technical requirements to address the technical and operational issues of FSRUs. These requirements span demand for units that may operate as a floating terminal for one or more decades to FSRUs that may be required for much shorter periods and whose operators may want the option of trading as an LNG carrier.

 While the LNG carrier-FSRU notation enables gas trading in addition to FSRU terminal operations, the FSRU notation is dedicated to pure gas storage and regasification terminal operations and not intending to trade.

The LNG carrier-FSRU notation provides the possibility for exemptions from the traditional class survey regime – such as five-year dry-docking survey requirements – when the vessel is in use as an FSRU.

The FSRU notation provides full optimization for site conditions and a class survey regime as applicable to permanent units with continuous operation requirements. No dry-docking would be required and some exemptions from IGC Code requirements compared to typical LNG carriers are allowed. For example, no bottom damage stability requirements would be necessary having addressed specific operational circumstances.

Speaking of the new rules, Jean-François Segretain, marine technical director, Bureau Veritas, said, “these new rules take into account the specific technical, regulatory, operational and environmental requirements of FSRU stakeholders to provide a much higher level of confidence when making significant commercial decisions.” 


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