Golar LNG and bp Redefine FLNG Gimi Terms

Golar LNG (GLNG) has released an update.

Golar LNG Ltd. has reached an agreement with bp to redefine commercial terms for the FLNG Gimi, aimed at simplifying cash flows and resolving disputes. This agreement, which includes a revised schedule of daily payments and potential bonus payments for meeting milestones, is set to expedite the FLNG Gimi’s path to its Commercial Operations Date. Additionally, both parties have committed to initiate commissioning with an LNG cargo ahead of schedule to accelerate the process.

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