Golar LNG noticed to buy and convert Croatian FSRU

Golar LNG noticed to buy and convert Croatian FSRUImage courtesy of Golar LNG

Project developers of the Croatian FSRU facility, LNG Hrvatska have issued Golar LNG with a notice to proceed with the conversion and subsequent purchase of 2005-built LNG carrier Golar Viking. 

Conversion capex will largely be funded by stage payments from LNG Hrvatska under the agreement, Golar LNG said in its statement.

Golar LNG said that after a robust vetting process, Hudong has been selected as the yard to undertake the requisite conversion works.

CSSC Leasing, an affiliate company of the yard, is expected to provide both conversion financing and bridging finance for the current vessel facility between yard entry, expected in 1Q 2020, and sale to LNG Hrvatska for €159.6 million ($180.6 million) upon completion.

Golar will also receive an annual fee to operate the FSRU for 10-years, the company said in a statement.

LNG Croatia, the state-owned company has sanctioned the construction of the floating liquefied natural gas terminal on the Island of Krk in February.

Share this article

Follow LNG World News

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >