In June 2024, WNE and Genting’s two subsidiaries, Genting Oil & Gas and Layar Nusantara Gas, entered into an EPCIC (engineering, procurement, construction, installation, commissioning) contract for the Genting FLNG project.
The contract is worth about $1 billion.
Prior to entering into the EPCIC contract, the firms executed a limited notice to proceed for the procurement of long lead items in 2023.
The FLNG facility with a total length of about 278.8 meters, a width of 60 meters, and an operational water depth of 32.8 meters, adopts Wison’s self-developed standardized design.
WNE said in a statement on Tuesday that it held a ceremony at its Nantong yard on June 21 to mark the achievement of 5 million LTI-free (lost time injury-free) man-hours on the Genting FLNG project.
The shipbuilder also noted that this marks the one-year anniversary of the EPCIC contract signing for the Genting FLNG project.
WNE did not provide an update regarding the construction of the FLNG.
However, Genting said in its recent first-quarter results report that the construction of the FLNG facility in the Chinese yard is “progressing as per expectation, achieving approximately 54 percent completion of construction to date.”
Genting noted that two “important” milestones, such as keel-laying and the first installation of the SPB tank into the hull, took place in February and April 2025, respectively.
“The project financing discussion with a group of regional and international lenders is in progress and is targeted to finalize before the end of 2025,” the company said.
Genting previously said the target sail-away date from the shipyard will be in the second quarter of 2026.
Once ready for operations in Indonesia, the FLNG will receive feed gas from the Asap, Merah, and Kido structures within the concession area of the Kasuri block in West Papua.
