US-based Excelerate Energy has cancelled its plans to order for a $2bn floating liquefaction storage and offloading (FLNG) vessel from Samsung Heavy Industries.
The company said in a filing to the Seoul stock exchange that it cancelled the project due to changes in the Equatorial Guinea LNG production project, reports splash247.
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In November 2014, the company signed a deal with South Korean shipbuilder to build the FLNG project off the coast of Equatorial Guinea.
Excelerate Energy has already completed the completed its front-end engineering design (FEED) for the three million tonne per annum (mtpa) FLNG vessel in 2010.
The company worked with Samsung Heavy Industries for hull design and integration, while Black & Veatch provided liquefaction technology.
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Separately, Excelerate Energy also signed a deal in November 2014 with UK-based Ophir Energy as midstream partner for the FLNG project.
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By GlobalDataThe FLNG project, named Fortuna FLNG, was planned to be located about 140km off the coast of Bioko Island, Equatorial Guinea.
