Flex FID on hold
Flex LNG and Mitsubishi have delayed the final investment decision (FID) on the Progress LNG in Nigeria. FID on the scheme, the first floating production style LNG project in the world, was due to be taken by the end of last year. Mitsubishi was due to be the offtaker of all the LNG from Progress LNG for 15 years and is a shareholder in the project along with Flex and its Nigerian partner Peak Petroleum.
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