UK-listed InfraStrata is buying the former Port Meridian UK project for a floating storage and regasification unit-based LNG import project for £8m ($6.4m).
InfraStrata said it has entered into a term sheet with West Face Long Term Opportunities Global Master LP for the acquisition of Meridian Holdings Co that owns the FSRU project.
It said the deal is conditional on a final investment decision (FID).
