Gulf LNG Project Update 21 December 2011December 21, 2011
Gulf LNG Project Update - Targeting LNG FPSO FID Within 1Q 2012
Road Town, Tortola, 21 December 2011.
FLEX LNG (Oslo Axess: FLNG) announces a revised target to achieve LNG FPSO Final
Investment Decision (FID) for the Gulf LNG project within 1Q 2012. Since signing
a comprehensive Framework Agreement with InterOil Corporation, Pacific LNG Operations
and Liquid Niugini Gas Ltd in April 2011, the parties have been targeting a mid
December 2011 FID date. The company is pleased to announce that during this period
project specific FEED for the LNG FPSO has been completed, and both Samsung Heavy
Industries (SHI) and FLEX LNG are ready to proceed to enter the execution phase
of the project.
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