SAN DONATO MILANESE, Italy — Golar LNG will repurpose the LNG carrier Golar Arctic as a floating storage and regasification unit (FSRU) that will operate offshore Sardinia.
The Italian gas distributor, which has provisionally awarded the Eur269-million ($283-million) contract for the conversion, will install the vessel in the port area of Portovesme.
The FSRU will have a storage capacity of 140,000 cubic meters.
Start of activities for the conversion and related issues remain subject to Snam’s issuing a notice to proceed. The conversion/delivery should take about two years to complete.