In August 2013 FLEX LNG entered into ship building contracts with SHI for two
174,000 m3 TFDE LNG Carriers. FLEX LNG has redeployed USD 210 million from payments
already made to SHI by the FLEX LNG group, which will be used as the first instalment
for the two vessels. The remaining instalment will be due on delivery of the vessels.
Deliveries are scheduled for Q1 2017. FLEX and SHI have agreed to investigate
the use of the ME-GI propulsion system for the LNG Carriers.
FLEX LNG has also successfully completed two FEED (Front End Engineering and
Design) studies for floating liquefaction units (LNG Producers) and is able to
use these to help fast track future offshore and near shore FLNG developments.