Golar LNG in discussion with Gimi conversion contractors
29 May 2020 - Upstream Costs and Technology | Headline Analysis
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Jie Sheng AwJie Sheng AwSenior Research Analyst

Golar LNG revealed in latest results that it was in discussion with main building contractor, Keppel Shipyard, and with engineering topsides subcontractor Black and Veatch regarding to the FLNG Gimi conversion. They are working on a revised cost and time schedule for the conversion that can be implemented as a contingency in response to the 12-month delay claimed by BP on its Tortue project. If implemented, this would reduce Golar LNG’s immediate liquidity contribution to the FLNG Gimi between Q2 2020 and the original Q2 2022 delivery date.

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