Mustang Engineering's Midstream Group (Houston, Texas) announced that they, together with five partner companies, have developed a proprietary floating storage and regasification unit (FSRU) for liquefied natural gas (LNG) known as the LNG Smart FSRU System (patents pending). This is a viable offshore alternative offering safe, efficient and economical storage and regasification of LNG. This system incorporates two other LNG Smart Technologies-LNG Smart Vaporization and LNG Smart Storage System-configured on a barge or ship.

The system eliminates using sea water for vaporization, addressing U.S. Coast Guard concerns by reducing the potential harmful effects on marine life. It can also reduce fuel gas consumption and NOx and CO2 air emissions by as much as 90%, compared to conventional combustion vaporization. Safety is increased by using horizontal tanks individually surrounded by insulation, an inert atmosphere, and a concrete "cold box" container. Cost and schedule are reduced by fabricating the modular steel storage tanks separately from the concrete containers and hull, and then combining them. The LNG Smart FSRU System is one of Mustang's LNG Smart Technologies. These technologies are innovative solutions using practical methods, materials and equipment for improving the safety, environmental impact and commercial viability of LNG receiving terminals and liquefaction plants in response to the growing demand for clean natural gas supply.