Seatrium lines up third FLNG conversion assignment with Golar LNG
What happened
Seatrium and Golar signed a letter of intent to advance a potential third FLNG conversion. The LOI includes an upfront consideration to fund early technical design and project definition and references prior conversions to support a series‑build approach. Watch whether the LOI progresses to an EPC contract and whether upfront payments carry exclusivity or mobilisation conditions that affect buyer competition
Why the category manager should care
Treat this LOI as a strong near‑term demand signal for conversion engineering and yard planning because it funds early work and encourages suppliers to seek early commitments
Key facts
- LOI for a potential third FLNG conversion
- Includes upfront consideration to support early design and definition
- References prior FLNG conversions as the basis for series‑build intent