Norwegian Golar LNG Gets Contract from Keppel Shipyard of Singapore

Norwegian gas company Golar LNG Ltd. has signed a contract with Keppel Shipyard Ltd. of Singapore for the first ever conversion of an existing Liquid Natural Gas (LNG) carrier into an LNG Floating Storage and Regasification Unit (FSRU).
         The total contract value is around S$90 million and the conversion is completed in the second quarter of 2007.
         The FSRU will be stationed offshore through a sub sea pipeline. It will be capable of a throughput of 2.75 billion standard cubic meters per year at variable gas send out pressures up to 85 bar.
         Keppel Shipyard is a ship repair yard for LNG and LPG carriers. Moss Maritime of Norway, owned by Saipem SpA (SPM.MI), has prepared the conceptual specification for the FSRU and will carry out the design and engineering.
         Golar said it will work in partnership with Keppel Shipyard in the engineering, procurement and construction for the project.
         The scope of work includes installation of new forward turret, side-by-side mooring system, LNG loading arms, aft thruster with compartment, a regasification plant and replacement of cargo pumps.
         There is also upgrading of the existing steam power electrical and marine systems. The full concept is based on well proven and working technology, the company said.

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