Keppel Shipyard, a unit of Keppel Corp, has signed a conditional contract with Golar Hilli Corporation, a subsidiary of Golar LNG, to perform the world’s “first-of-its-type” conversion of an existing Moss LNG carrier, the Hilli, into a Floating Liquefaction Vessel (FLNGV).
Keppel Shipyard says the contract will become effective upon the fulfilment of several conditions precedent, including the receipt by Keppel Shipyard of the initial milestone payment.
The contract is not expected to have any material impact on the earnings per share and net tangible asset per share of Keppel Corp for the current financial year.
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