Floating liquefaction proponent Flex LNG and South Korean shipbuilder Samsung Heavy Industries are discussing alternative plans after sanction of the Gulf LNG export project was delayed.
Oslo-listed Flex has an LNG Producer unit on order at the South Korean yard that was earlier destined for use at the Papua New Guinea development.
“We believe that over the coming months the company will have greater clarity with regard to the potential for an FID on the Gulf LNG project as well as restructured arrangements with SHI that include an option for the alternative deployment of our shareholder capital,” said Flex chief Philip Fjeld.
PNG-focused
