Norway’s Golar LNG and Singapore’s Keppel Shipyard are
negotiating an engineering procurement and construction contract for a
floating liquefied natural gas vessel.
The pair began the front-end engineering and design on
an FLNG conversion last November, and Golar said it was completed at
the end of August.
Golar has ambitions to build several FLNG
vessels on a speculative basis at Keppel, which would convert three of
Golar’s existing vessels into FLNG ships.
Golar said in its latest results the FEED was done on a 2.5 million to 2.8 million tonne per annum vessel.
board advisor Oscar Spieler said the FEED “resulted in a very, very
cost-effective solution at relatively short delivery time. The concept
what we have said generally is that we don't want to go for the complex
project and the complex gas.”
This means Golar is targeting
pipeline-quality gas in benign marine settings, and is focusing on
markets in the Americas and West Africa “that offer multiple
I am 60+ yrs old uncle living in HDB heartland who has retired @ 60 on 30 Sep 2016.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 and now becoming full-time retail investor. So I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I have two sons and one daughter; two working adult children and the youngest son is currently in his 1st year SUTD.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2038
Last updated: 16 Oct 2016
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.