Sembcorp buys LNG firm stake

Written by  John McKay
Monday, 02 June 2014
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June 2 (LNGJ) - Sembcorp Marine, the Singapore company with a global network of six shipyards, has entered into an agreement to acquire a 12 percent stake in GraviFloat of Bergen in Norway for US$4 million. GraviFloat designs near-shore LNG terminals which can be installed in shallow waters and fully fixed to the seabed when in operation.

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