Flex LNG delays floater deliveries

Flex LNG said it had agreed with South Korea’s Samsung Heavy Industries to delay delivery of four floating gas liquefaction units the yard is building for the Norway-listed group.

Flex said it had agreed to push back delivery dates for the floating liquefied natural gas processing units by between six and seven months among other changes to its agreements with SHI. It said the changes would affect timelines for installing the hulls and topsides on fields. Despite the delays, Flex said the business case for its floating LNG technology remained “robust” and it was continuing to develop its project portfolio. The company said it would continue front-end engineering and design (FEED) and pre-FEED work with its engineering partners to developing a range of field-specific LNG modules to allow the floating units maximum flexibility of deployment.

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