FLEX LNG in advanced talks with an Asian National Oil Company (NOC) to join a floating liquefaction project
April 12, 2010
FLEX LNG is in advanced talks with an Asian National Oil Company (NOC) to join a floating liquefaction project that would monetise gas resources controlled by the NOC in Australia
FLEX LNG (Oslo Axess: FLNG) is pleased to announce that it is in advanced talks with an Asian National Oil Company (NOC) to join a floating liquefaction project that would monetise gas resources controlled by the NOC in Australia.

The proposed project would be developed by a JV where FLEX LNG is in advanced discussions to join the FLNG project
together with one or more technical and commercial partners.

Commenting on the talks with the NOC, Chief Executive Officer of FLEX LNG
Management Ltd, Philip Fjeld stated: “We are happy that FLEX LNG has been selected for detailed discussions to join the FLNG project being developed to monetise the gas resources in Australia. We are confident that the work undertaken to date by FLEX LNG and Samsung Heavy Industries to develop one of the world’s first LNG FPSOs will enable this
project to move ahead and achieve its near term goal of producing LNG as soon
as practically possible.

It is the aim to reach common commercial and technical agreements between all
project participants shortly and FLEX LNG will provide further information as
various discussions are completed."
 

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