• News

YPF to step up exports of Argentine LNG

Argentina’s largest energy company, YPF, has reached a preliminary agreement with Excelerate Energy L.P. for the charter of an LNG carrier that will export LNG from the Tango FLNG unit, located in

  • News

ABS grants AIP for ready-to-convert FLNG hull design

SEPTEMBER 11, 2017 — Classification society ABS has granted Approval in Principle (AIP) to South Korean shipbuilder Hyundai Heavy Industries’ Newbuilding Conversion FLNG (floating liquefied natural gas) hull design. “The Newbuilding Conversion

Keppel set to deliver first FLNG conversion

JULY 3, 2017 — Singapore’s Keppel Shipyard Ltd (Keppel Shipyard), will soon deliver the world’s first converted Floating Liquefaction Vessel (FLNGV). Owned by Golar Hilli Corporation (Golar), a subsidiary of Golar LNG

DOF Subsea wins Prelude FLNG IMR contract

JULY 29, 2016 —Shell Australia has awarded Bergen, Norway, headquartered DOF Subsea a five-year contract with two two-year options to provide a fulltime underwater services and multi-purpose supply vessel (MPSV) to the

  • News

LNG: Frederiksen and Exmar call off the wedding

Today, Flex LNG Ltd. noted that completion of the transaction had been subject to, among other things, satisfactory due diligence and agreement on definitive transaction documents.

“The parties have failed to agree on the definitive transaction documents and the previously announced transaction will not be completed,” said Flex LNG, adding that it and Geveran Trading, will continue with the construction of the two 174 cu.m Panamax LNG carriers it has under construction at shipbuilder Samsung Heavy Industries for 2018.

Flex LNG said that it will also “examine other strategic alternatives to add value to the company and its shareholders, including considerations of opportunities across the LNG value chain. The current condition of the LNG market could give interesting consolidation and growth opportunities for the company.”

Exmar said: “The parties have failed to agree on the terms. The previously announced transaction will not be completed.”Exmar will continue focusing on LNG infrastructure and pursue its strategy of barge based FLNG and FSRU projects.”