Malaysia-based Bumi Armada Berhad’s wholly owned subsidiaries Armada Floating Gas Storage Malta (AFG Storage) and Armada Floating Gas Services Malta (AFG Services) entered into a US$300 million deal with ElectroGas Malta (EGM) for the conversion, supply and operations and maintenance, respectively, of one floating storage unit (FSU) for the project relating to the construction and operation of an LNG receiving terminal located at Delimara, Malta.
The effective date of the contracts is 13 April 2015 for a firm period of 18 years and two months.
The FSU is expected to begin operations in Delimara in 2016.