Seatrium and Golar ink LOI for third FLNG conversion

Under the arrangement, Seatrium and Golar will work together to advance technical design development and project definition activities, with the objective of finalising an EPC contract in 2H26. An upfront consideration will support Seatrium’s activities relating to the LOI to be undertaken prior to EPC contract execution.

The contemplated project builds on the long-standing partnership between Seatrium and Golar, following the delivery of FLNG Hilli Episeyo (2.4 million tpy) in 2017 and FLNG Gimi (2.7 million tpy) in 2023. These projects are the world’s only two operational FLNG vessels converted from LNG carriers to-date .

Marlin Khiew, Executive Vice President of Seatrium Energy (Projects), said: “We are proud to be partnering Golar once again on this FLNG development opportunity. Golar's continued confidence in Seatrium reflects our proven track record in delivering complex floating gas solutions. Leveraging the experience gained from FLNG Hilli Episeyo and FLNG Gimi, we aim to enhance standardisa-tion through a series-build approach that delivers greater execution certainty, speed to market and cost effectiveness.”

Morten Skjong, Chief Technical Officer of Golar, added: “We are excited to continue our 20+ years’ partnership with Seatrium by developing potential further FLNG projects. With the FLNG Hilli on its way to Seatrium for vessel upgrades ahead of its 20-year charter in Argentina, we will seek to further expand our FLNG collaboration through today’s announced LOI.”

Read the article online at: https://www.lngindustry.com/floating-lng/14082026/seatrium-golar-ink-loi-for-third-flng-conversion/