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.