Effective April 1st, responsibility for the Liquefied Natural Gas (LNG) activities within the AP Moller-Maersk Group will be transferred from Maersk Tankers to Maersk FPSOs.
 The reasoning behind this move is that the business model applied in the LNG industry is based on long-term contracts, which is in line with Maersk FPSOs.
The consolidation combines relevant technical resources and supports the growth strategy for both business areas.
"Very similar to the FPSO industry, the LNG business is a long-haul effort to win contracts and is, to a significant extent, a project-oriented business," said Claus Hemmingsen, partner responsible for Maersk FPSOs.
"Maersk FPSOs has the resources and skills required to pursue potential opportunities in related business areas such as LNG re-gasification and floating LNG production to further grow the businesses," he added.
The transfer will, over time, encompass both commercial and technical management, and all employees involved in LNG will move to Maersk FPSOs' office premises in Lyngby, North of Copenhagen. The move is expected to take place in May 2009.