John Fredriksen’s Golar LNG will firm up a deal on its conversion of an LNG carrier into a speculative floating LNG (FLNG) production unit even if only half the onboard liquefaction capacity is utilised.

Golar chief executive Doug Arnell told analysts this week that the company would be opting to install four liquefaction trains on the 126,227-cbm Hilli (built 1975) to convert the vessel into an FLNG unit of 2.3