Flex, Rift sign PNG floating LNG deal

FLEX LNG and Rift Oil have signed a heads of agreement to jointly develop and market Rift’s onshore PNG gas reserves using a floating liquefaction unit.

Flex, Rift sign PNG floating LNG deal Flex, Rift sign PNG floating LNG deal Flex, Rift sign PNG floating LNG deal Flex, Rift sign PNG floating LNG deal Flex, Rift sign PNG floating LNG deal

Flex, a Norwegian floating LNG specialist, said the project is expected to produce about 1.5 million tonnes of LNG per annum with start-up targeted for the first half of 2012.

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