Asian NOC Discussions SuspendedNovember 08, 2010
FLEX LNG Announces That Talks to Join Floating Liquefaction Project Being Developed By Asian National Oil Company Have Been Suspended.
Road Town, Tortola, 7th November 2010. FLEX LNG (Oslo Axess: FLNG) Announces
that the previously communicated talks with an Asian National Oil Company (NOC)
to join a floating liquefaction project has been suspended. Discussions between
the parties during the last six months have not led to further progress being
Commenting on the talks with the NOC, Chief Executive Officer of FLEX LNG Management
Ltd, Philip Fjeld stated:
“We are of course disappointed that we have not been able to bring the project
to a successful conclusion. We continue to work on developing other promising
opportunities and remain 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
pay dividends going forward."