Keppel Corp could be poised to establish a business trust based on FLNG assets, Singapore analysts have suggested.
The possible new strategy for the Singapore-based offshore shipyard group follows in the wake of the chistening of the Hilli Episeyo – the world’s first LNG carrier-to-floating LNG (FLNG) conversion - at Keppel.
“Keppel’s underlying gas strategy entails more than just being a preferred vendor for LNG solutions; it hints towards building up a base of FLNG assets that generate recurring income,” says UOB Kay Hian analysts Foo Zhi Wei and Andrew Chow.
