Friday, December 7, 2007
Golar steps up conversions
7 December 2007
Upstream
Golar LNG is pushing ahead with regasification-unit conversion work for vessels in its fleet.
Company chief executive Gary Smith said in a results briefing that the outfit is engaged in commercial talks for FSRU-type work on the company's 126,360-cbm Khannur (built 1977) for when it ends its charter to BG Group in 2009.
He reiterated that the company has signed a memorandum of understanding relating to the conversion of Golar's 125,858-cbm Golar Freeze (built1977) on an exclusive basis. Smith said he was unable to give further details on this business at present.
The Golar Freeze has been linked to plans put forward by Shell and Excelerate Energy to provide a quick-import solution for a Middle East state.
However, on this occasion Smith added that the business for the vessel was subject to a final investment decision on the project, which is expected early in 2008.
