Tuesday, October 30, 2012

[Marine] Golar tipped to enter FLNG

Golar tipped to enter FLNG

John Fredriksen's Golar LNG is forecast to join the emerging LNG-FPSO (FLNG) market.

Wells Fargo Securities analyst Michael Webber said Golar seems poised to climb the LNG supply chain.

He said “Golar has historically been the equity proxy for the LNG carrier spot market, and while we believe those assets will remain its core business, we believe its recent expansion into FSRUs and potentially FLNG could reposition the stock, creating a more stable value footprint while generating stable returns significantly above those typically seen in the traditional carrier market.”

Webber added the company may enter the FLNG segment by getting in on the Douglas Channel LNG export project in Canada.

Published : October 29, 2012

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