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Genting's Subsidiary Procures Construction, Installation, and Commissioning Contract for FLNG Project
Contract Type
contract
West PapuaDescription
Genting, through its subsidiary PT Layar Nusantara Gas (PTLNG), has signed a procurement deal and a construction, installation, and commissioning contract to ensure full linkage of its upstream development at its Indonesian block to its downstream FLNG facility. The procurement deal, with a fixed lump sum price of $182.87 million excluding a reimbursable sum of $2.57 million, has facilitated another critical milestone in the floating LNG project after hiring Wison New Energies on a $1 billion contract to construct the 1.2 mtpa FLNG facility.