NEW York-listed Golar LNG is in talks with an unnamed yard about potential construction costs for its Mark 3 newbuild floating liquefied natural gas vessel design. The Mark 3 newbuild concept is designed to be more efficient, cost-effective and have a larger capacity than the current units on Golar's books in order to make it competitive with larger brown-field and greenfield onshore LNG projects. Having completed front-end engineering and design work, Golar LNG chief executive Iain Ross told analysts during the company's recent second-quarter results webcast: "We're in advanced discussions with (a) yard around what engineering procurement and construction costs would be." Upstream previously reported that the yard in question is South Korea's Samsung Heavy Industries.
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