LNG

Feb 2 (LNG) - Flex LNG has signed an agreement with Samsung Heavy Industries to convert the propulsion system for two LNG carriers from dual-fuel diesel-electric (DFDE) to the two-stroke, slow-speed Main Engine Gas Injection (MEGI) system. "The consequence of the change is an increase in the yard price of the vessels taking into account the change in specification,  including the  deployment of the new engine system and exhaust gas treatment for compliance with new emissions regulations," Flex said. The price increase is to be paid by Flex on delivery, now at a later date in the first half of 2018 instead of 2017.