Floating Storage and Regasification Units (FSRUs) have been in operation for just twelve years but have moved quickly from being a specialist niche to being a main stream solution for potential new regasification terminals. FSRUs have enabled LNG to be rapidly opened up to new markets and lowered the barriers of entry to joining the LNG club. New LNG supply from Australia and the USA coupled with weak demand from traditional markets has seen the LNG industry enter a period of over supply. FSRUs provide existing players and new entrants to the LNG market with the opportunity to quickly take advantage of lower LNG prices and availability. FSRUs are faster and cheaper to install than conventional land based terminals. FSRUs reduce the need for upfront capital investment in plant as the floating element of the project can be leased. They also reduce the risk in that the unit can be redeployed elsewhere if not needed or problems arise with the project.