Oslo-listed Flex LNG has posted another loss as the first of four floating LNG production vessel (FLNG) takes shape at Samsung in Korea.

The company said the net deficit in the third quarter was $3.6m, slightly down on the $3.7m posted for the same period of 2010.

Flex has signed a heads of agreement to position its first FLNG ship to service a two-million-tonne-per-annum (mtpa) capacity FLNG contract in Papua New Guinea in 2014.

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