Singapore’s ship builder Keppel has confirmed that Keppel Shipyard Ltd (Keppel Shipyard) and its topside partners are currently negotiating conversion and liquefaction contracts with Golar LNG on the conversion of an existing 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.
The negotiations on the contracts commenced following the conclusion in end August 2013 of a Front-End Engineering and Design (FEED) 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.
