The company said its directors had approved a reduction of $1.2m on top of its preliminary deficit of $87.09m announced last month.

Since those figures were released, the owner “has reached an understanding with its client and the pipeline contractor relating to the delayed start up of the FSRU project in Indonesia."

A spokesperson told TradeWinds it took some time to establish who was responsible for what, "but now it's all been settled and the FSRU has been working since October."

The