Keppel in negotiations with Golar on FLNG conversion

Singapore: Keppel Shipyard and its topside partners are currently negotiating conversion and liquefaction contracts with Golar LNG on the conversion of an existing LNG carrier into a Floating Storage and Liquefaction Vessel (FLSV). The terms and conditions of the contracts, including the contract value and expected completion timeline, have yet to be finalised.
The conversion will take approximately 30 months from financial commitment to complete.
Contracts are expected to be signed soon.  [02/12/13]