Seatrium lines up third FLNG conversion assignment with Golar LNG
What happened
Seatrium and Golar LNG signed a letter of intent to advance a potential third FLNG conversion. The LOI includes an upfront consideration for pre‑EPC activities and builds on two prior conversions, making it a concrete near‑term demand signal for conversion yards. Watch whether the LOI is followed by slot reservation requests or deposit terms that shift mobilisation risk to buyers
Why the category manager should care
Treat the LOI as a developing demand signal because suppliers commonly use LOIs to secure early design activity and probe buyer willingness on slot holds and deposits
Key facts
- LOI announced between Seatrium and Golar LNG for a third FLNG conversion
- Builds on prior FLNG deliveries: Hilli Episeyo and Gimi
- LOI includes an upfront consideration to support pre‑EPC activities