Soon-to-be-US-listed Crown LNG is working on plans to site a $533m floating storage and regasification unit close to Grangemouth Port in Scotland’s Firth of Forth.

The company has entered an agreement with GBTRON Lands for an offshore site, where it plans to locate a five-million tonnes per annum FSRU spread-moored in sheltered waters.

Under the original plans, the FSRU would have been used to supply a power plant that GBTRON Power plans to build.