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Golar LNG announces FLNG Gimi reach commercial operations date

Golar LNG (GLNG) announced that FLNG Gimi has reached the Commercial Operations Date for its 20-year Lease and Operate Agreement for the Greater Tortue Ahmeyim project offshore Mauritania and Senegal. The COD triggers the start of the 20-year Lease and Operate Agreement that unlocks the equivalent of around $3B of Adjusted EBITDA backlog. Following the achieved COD of FLNG Gimi and announcement of the two FLNG charters in Argentina on May 2, Golar is accelerating work on its next FLNG unit. The company said, “We continue to advance commercial discussions, with charterer demand guiding design choice of the fourth FLNG unit. In addition to the 3.5mtpa MKII option at CIMC Raffles shipyard, Golar has signed a final engineering study to confirm EPC price and delivery for a 5mtpa MKIII FLNG and is updating price and schedule for an up to 2.7mtpa MKI FLNG.”

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