Tor Olav Troim-controlled Golar LNG is considering selling or chartering out an LNG steam turbine ship after the conversion project it was destined for collapsed.

Speaking on a second quarter results call, Golar LNG chief executive Karl Fredrik Staubo said Italian energy company Snam’s option to take on the 140,000-cbm Golar Arctic (built 2003) for conversion to a floating storage and regasification unit lapsed in July.