Taiwanese shipowner Nobu Su has revealed he expects to put one of his eight very large ore oilers into the Hyundai Heavy Industries shipyard later this year for conversion into a floating liquefaction unit.

Nobu’s Today Makes Tomorrow last week signed a memorandum of understanding with the government of Sao Tome & Principe in Central Africa to develop an FLNG project fed by flared gas from oil drilling operations.

TMT will realise its Octopus 8 FLNG concept via a $1 billion-plus reverse engineering job on a 319,869-dwt VLOO at the South Korean yard.

Black & Veatch and membrane containment system designer GTT have been working on the design for a 1.5