It is reported that Hyundai Heavy Industries has completed developing its own floating liquefied natural gas model in association with Germany's Linde AG.

The Hyundai FLNG boosts an annual production capacity of 2.5 million tonnes of LNG and can store about 193,800 cubic meters of LNG.

Mr Kim Yoon choon SVP of HHI's offshore and engineering division said that "Hyundai FLNG has an efficient and economical production capability in that it just takes about 45 months to build. Considering the fact that the need for the development of stranded offshore gas fields is expected to be on the rise down the road, we will continue to step up our effort to win orders to build Hyundai FLNG."

(Sourced from www.seatrade-asia.com)