Seatrium lines up third FLNG conversion assignment with Golar LNG
What happened
Seatrium signed a letter of intent with Golar to advance a potential third FLNG conversion and will receive an upfront consideration to fund pre‑EPC activities. The LOI builds on two prior conversions and signals a move toward series‑build standardisation to speed execution. Watch whether the LOI converts to an EPC award and how the yard frames slot commitments and upfront payment mechanics
Why the category manager should care
Treat the LOI as a credible pipeline signal that will push yards to require clearer mobilisation and payment terms; prepare to lock allocation or accept firmer commercial terms
Key facts
- LOI advancing a potential third FLNG conversion project
- LOI includes upfront consideration for pre‑EPC activities