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GasLog prepares for FSRU order at Keppel

GasLog prepares for FSRU order at Keppel
GasLog says it has begun ordering long lead items for the conversion of an LNG carrier to a floating storage and re-gasification unit (FSRU) at Singapore’s Keppel Shipyard.

By ordering the long lead items, GasLog says it reduces the time necessary for conversion of an LNG carrier from 18-20 months down to 6-8 months. The items will take approximately 12 months to deliver and cost around $16m.

The move puts GasLog in a position to offer a fast track solution for FSRU projects, and it says it is currently working on a number of potential projects.

“GasLog’s success in developing both its FSRU capability and its industry relationships has allowed the early ordering of the LLI’s. This is a reflection of the progress we are making with a number of different projects around the world,” said Paul Wogan, chief executive officer of GasLog.

source: splash247

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