US-based LNG carrier operator Golar has signed a US$213mn deal with the Kuwait National Petroleum Company (KNPC) to provide floating storage and regasification (FSRU) services to support KNPCs LNG import operations at Mina Al Ahmadi in Kuwait
The five-year contract will comprise the provision of portside FSRU services for an anticipated nine months of the year together with a three month window where the vessel will be free to pursue spot carrier and other short term business opportunities.
The 170,000 cubic metres new-build FSRU Golar Igloo will be delivered during the Q4 of 2013 and will service a contract set to start in March 2014.
Golar CEO Doug Arnell said, “Kuwait is an established LNG importer and we look forward to working closely with our new customer.
“We are very pleased that an experienced LNG industry player such as KNPC has entrusted Golar with their FSRU services which demonstrates our established reputation as a leading operator of floating midstream LNG assets.”
