In addition to prospectively providing two vessels, the agreement confers certain preferential rights for Golar to participate in the project with LNG Partners LLC by way of infrastructure investment or LNG offtake. Floating Liquefaction ("FLNG") On October 31, Golar entered into an agreement with Keppel Shipyard Limited ("Keppel") to develop the Company's first floating liquefied natural gas vessel. The agreement is based on the conversion of one of the Company's existing Moss type vessels and includes options for two further vessel conversions. Keppel has previously worked with Golar converting comparable Moss type vessels into FSRUs. The Company is targeting projects with pipeline quality gas and unconventional natural gas reserves such as coal bed methane and shale gas or lean gas sourced from offshore fields, which thereby limits the gas processing equipment needed.