Kuwait National contracts LNG import FSRU

Kuwait National Petroleum Co. (KNPC) has contracted Golar LNG for floating storage and regasification (FSRU) services.

Offshore staff

HAMILTON, Bermuda – Kuwait National Petroleum Co. (KNPC) has contracted Golar LNG for floating storage and regasification (FSRU) services.

The 170,000-cu m (6-MMcf) newbuild FSRUGolar Igloo, due to be delivered this fall, will service the contract by supporting KNPC’s LNG import operations at Mina Al Ahmadi.

The contract starts next March and has an initial five-year period. Golar LNG expects to provide portside FSRU services for nine months of the year together, leaving the vessel free over the other three (winter) months to be deployed on spot carrier and other short-term contracts.

Golar LNG estimates the value of the five-year term at $213 million.

8/6/2013

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