Middle East 5

Dubai Supply Authority awards Golar regasification deal

Golar LNG Ltd said it has been awarded a ten-year regasification deal by the Dubai Supply Authority (DUSUP), worth $450 million.
The Norwegian firm said 'Golar Freeze' will now be converted into a Floating Storage and Regasification (FSRU) vessel, and delivered to Dubai during the second quarter of 2010.

'The contract duration is for a period of 10 years with options to extend for up to a further five years,' Golar said.

Following delivery to DUSUP, Golar Freeze will be permanently moored alongside a purpose built jetty within the existing Jebel Ali port, the firm said. (CNN)

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