Seatrium lines up third FLNG conversion assignment with Golar LNG
What happened
Seatrium has signed a letter of intent with Golar LNG to progress a potential third FLNG conversion and the LOI includes an upfront consideration to fund pre‑EPC design and definition activities. The LOI pushes a series‑build narrative and signals active slot reservation at Seatrium’s facilities; buyers should watch whether the LOI converts to an EPC with pass‑throughs or stays a fee‑for‑definition agreement
Why the category manager should care
Treat the LOI as a real allocation signal for specialist yard capacity and pre‑EPC funding needs; do not assume open‑market timing for conversion slots
Key facts
- LOI advances a potential third FLNG conversion with Seatrium
- Upfront consideration is specified to support pre‑EPC activities