Golar Signs Contract with Keppel Shipyard

Golar LNG Limited is pleased to announce that the company has signed a contract with Keppel Shipyard Limited of Singapore for the first ever conversion of an existing LNG carrier into a LNG Floating Storage and Regasification Unit (FSRU). Keppel Shipyard Limited is the leading ship repair yard for Liquefied Natural Gas (LNG) and Liquefied Petroleum Gas (LPG) carriers outside Japan. Moss Maritime of Norway (a Saipem company) has prepared the conceptual specification for the FSRU and will carry out the design and engineering. When the conversion is completed in the second quarter of 2007, it will be the first of its type in the world. The conversion will be made based on relevant DNV class rules and international standards. Golar LNG will work in partnership with Keppel Shipyard in the engineering, procurement and construction for the project. The scope of work includes installation of new forward turret, side-by-side mooring system, LNG loading arms, aft thruster with compartment, a regasification plant and replacement of cargo pumps. There is also upgrading of the existing steam power electrical and marine systems. The full concept is based on well proven and working technology. Keppel Shipyard has a track record of repairing 71 vessels of Moss Rosenberg type LNG vessel. The largest LNG repair yard outside Japan, Keppel has also completed 54 FPSO/ FSO conversion projects to date. The proposed LNG terminal is a steel mono hull with Moss® LNG tanks arranged in the middle, with the re-gasification plant in the forward section and crew facilities with control room and utility machinery in the aft section. The LNG offloading tankers will be moored in a side-by-side configuration with the FSRU for efficient replenishment of the terminal. The FSRU will be stationed offshore and, through a subsea pipeline, will be capable of a throughput of 2.75 BSCM per annum at variable gas send out pressures up to 85 bar.