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.
Keppel Signs Landmark LNG Deal
Keppel Shipyard Limited (Keppel Shipyard), a subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has signed a contract with Golar LNG Limited for the conversion of an existing LNG carrier into a floating Liquefied Natural Gas (LNG) storage and re-gasification unit (FSRU). The total contract value is approximately Singapore $90 million. 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.
