Marine Link
Sunday, September 25, 2016

SBM Enters JV with Linde

September 20, 2007

According to reports, SBM Offshore said it expects the first sale of its Liquified Natural Gas offshore production facility, called LNG FPSO, within 18 months, and also announced a development partnership with Germany's Linde AG. SBM said it now considers the LNG FPSO ready for marketing and added that it can now establish the cost and delivery time of each unit.

The LNG FPSO is an offshore liquefied natural gas production facility that allows the development of stranded offshore gas fields as it produces, liquefies and stores gas. SBM said capital expenditures on each unit is $2b. To shorten the design and delivery cycle time of the LNG FPSO, SBM said it decided to form a partnership with Linde.

SBM also said it has entered into a deal with the IHI shipyard of Japan for the engineering and construction of LNG hulls. Source: Thomson Financial



Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News