Keppel Corp has confirmed that it will convert an LNG carrier into an floating storage and regasification unit (FSRU) for an LNG-to-power project in El Salvador.

The contract was signed with FSRU Development Pte Ltd, a joint venture company between Singapore’s BW Gas and Invenergy Investment Co.

Keppel, which claims to have converted the world’s first FSRU in 2008, said this latest project will be its fifth such conversion.