Keppel wins world?s first LNG FRSU conversion

Keppel Shipyard Limited (Keppel Shipyard), a subsidiary of Keppel Offshore & Marine Ltd, has signed a contract with Golar LNG Limited for the conversion of an existing Moss LNG carrier into a floating LNG storage and re-gasification unit (FSRU). The total contract value is approximately $55 million.

When the conversion is completed in the second quarter of 2007, it will be the first of its type in the world and will be made based on relevant DNV class rules and international standards.

Golar LNG will work in partnership with Keppel Shipyard in the engineering, procurement and construction for the project. The scope of work includes installation of a new forward turret, side-by-side mooring system, LNG loading arms, aft thruster with compartment and a re-gasification plant, and replacement of cargo pumps. There is also the upgrading of the existing steam power electrical and marine systems.

Graeme McDonald, Group Technical Director of Golar LNG Limited said, “Golar LNG has been developing this ?Floating Energy Solution? as part of our strategy to diversify into other parts of the LNG value chain and to offer customers greater flexibility. It is our belief that no other system can compete with this concept in terms of timing or pricing by satisfying early or extra demand for gas.”

Keppel Shipyard has a strong track record of repairing 71 vessels of Moss Rosenberg-type LNG vessel. The largest LNG repair yard outside Japan, Keppel has also completed 54 FPSO/ FSO conversion projects to date.

The LNG offloading tankers will be moored in a side-by-side configuration with the FSRU for efficient replenishment of the terminal. The FSRU will be stationed offshore and, through a subsea pipeline, will be capable of a throughput of 2.75 BSCM per annum at variable gas send out pressures up to 85 bar.

Moss Maritime A.S has prepared the conceptual basis for the FSRU and will carry out the design and engineering for the conversion.