FLNG talks suspended

FLEX LNG says talks with an Asian national oil company regarding a joint floating natural gas liquefaction project are suspended.

Offshore staff

Road Town, TORTOLA – FLEX LNG says talks with an Asian national oil company regarding a joint floating natural gas liquefaction project are suspended. Six months of negotiations resulted in no progress, FLEX says.

“We are of course disappointed that we have not been able to bring the project to a successful conclusion. We continue to work on developing other promising opportunities and remain confident that the work undertaken to date by FLEX LNG and Samsung Heavy Industries to develop one of the world’s first LNG FPSOs will pay dividends going forward."

11/08/2010

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