Keppel Shipyard confirmed that the shipyard and its topside partners are currently negotiating conversion and liquefaction contracts with Golar LNG on the conversion of an 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, Keppel said in a statement.
The negotiations on the contracts commenced following the conclusion in end August 2013 of a Front-End Engineering and Design study conducted by Keppel Shipyard to confirm the engineering and work scope. The study confirmed that the conversion will take approximately 30 months from financial commitment to complete.
This FEED study was announced in on 5 November 2012, where Keppel has also stated that upon completion of the FEED study, Keppel Shipyard would proceed to work with Golar LNG on the conversion and engineering of the first of three FLNG vessels, and that there would be an option to convert the other two FLNG vessels at a later date.
LNG World News Staff, December 02, 2013; Image: Keppel