LNG market · Operations·22 Aug 2026·Dominican Republic · Caribbean

Manzanillo closes US$902 m for LNG-to-power. FSRU still unnamed

Manzanillo Gas & Power has secured US$902.3 million in senior secured limited-recourse financing for its LNG-to-power project in the Dominican Republic. White & Case advised the bank consortium; the announcement is dated 18 August.

Manzanillo Gas & Power site render.
Manzanillo Gas & Power site render. LNG Prime / company. File image (not a photograph of a completed terminal).

The project comprises two combined-cycle plants of approximately 420 MW each (840 MW total), a jetty, and the infrastructure to receive gas from a dedicated floating storage and regasification unit (FSRU) and a floating storage unit (FSU). Transmission links into the national grid are included.

No FSRU or FSU hull is named in the financing documents or in the open press pack. No commercial start date is given. The project was previously recognised as Power Deal of the Year for Latin America at the 2025 IJGlobal Americas Awards.

Caribbean LNG continues to fill in

Island power systems across the Caribbean are adding LNG capacity in small and mid-scale form. The Bahamas Arawak Cay mini-LNG terminal (15,000 m³ storage, 60 MW shore-power plant for Nassau cruise ships) is already under construction; tanks are being installed.

Puerto Rico already receives U.S.-sourced LNG on the U.S.-flagged carrier American Energy and operates an import facility at San Juan. Other islands continue to study or advance modular terminals, ISO-container distribution, and floating regasification. Manzanillo is the largest single new LNG-to-power commitment in the region this year. The FSRU that will feed it has not yet been identified.

Established

  • US$902.3 m senior financing closed for Manzanillo LNG-to-power (White & Case / LNG Prime, August 2026).
  • Project scope: 2 × ~420 MW combined-cycle plants, jetty, dedicated FSRU + FSU, grid connection.
  • No named FSRU or FSU hull in the current pack.

Not established

  • Identity or delivery date of the FSRU / FSU.
  • Commercial operation date.
  • Source of the LNG cargoes.

In the library & related

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