Oslo-listed Flex LNG, founded in 2006 to dominate the emerging floating LNG (FLNG) market, acknowledged struggles in its 2011 financial report as FLNG develops slowly and said it may have to broaden its business scope. "As the market for floating LNG production has failed to mature as quickly as the company had expected, [...] the group is now also seeking exposure across the LNG value chain in order to maximize shareholder value," David McManus, Flex LNG chairman, said in the report.
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