Golar LNG Celebrates Major Milestone with FLNG Gimi Operations
Golar LNG Limited Celebrates FLNG Gimi's Success
Golar LNG Limited is excited to share the monumental news that FLNG Gimi has officially reached its Commercial Operations Date (COD). This achievement relates to its long-term Lease and Operate Agreement for the Greater Tortue Ahmeyim (GTA) project. With this significant milestone, Golar embarks on a 20-year journey that is expected to generate approximately $3 billion in Adjusted EBITDA backlog, showcasing the potential and stability of Golar's strategic initiatives.
Unlocking LNG Export Opportunities in Africa
The COD marks a groundbreaking step in enhancing LNG export capabilities for Mauritania and Senegal, positioning these countries as essential players in the global LNG market. Golar is eager to work collaboratively with bp, the GTA operator, and partners such as Kosmos, PETROSEN, and SMH. Additionally, the company seeks to build strong relationships with both Mauritanian and Senegalese authorities to ensure safety and reliability in operations, facilitating maximum value for all stakeholders involved.
Future Growth and New Projects
With the successful launch of FLNG Gimi, Golar LNG is eagerly looking towards future ventures. The growth trajectory continues as the company accelerates work on additional FLNG units. Following the announcement of two FLNG charters in Argentina, Golar is actively engaging in commercial discussions to fine-tune the design of its forthcoming FLNG units.
Advancements in FLNG Unit Designs
Guided by demand from potential charterers, Golar is considering various design options. Among them, the 3.5 million tonnes per annum (mtpa) MKII at CIMC Raffles shipyard stands out. Furthermore, Golar has finalized an engineering study, confirming the EPC pricing and delivery timelines for a more expansive 5 mtpa MKIII FLNG. The company is also reevaluating the pricing and schedule for a 2.7 mtpa MKI FLNG unit, enhancing its portfolio and market competitiveness.
Commitment to Stakeholders and Sustainability
Golar LNG’s progress in the LNG sector underscores a commitment to both its partners and stakeholders. The company remains focused on delivering projects that not only promise profitability but also address environmental concerns. By fostering sustainable practices in LNG production, Golar aims to contribute positively to the global energy landscape.
Investor Support and Company Details
Golar LNG encourages investor and public engagement, stressing the importance of transparency in its operations. For any queries, investors can reach out to:
Investor Relations Contacts
Karl Fredrik Staubo - CEO
Eduardo Maranhão - CFO
Stuart Buchanan - Head of Investor Relations
Contact number: +44 207 063 7900
Frequently Asked Questions
What is the current status of FLNG Gimi?
FLNG Gimi has reached its Commercial Operations Date, marking the start of a significant 20-year Lease and Operate Agreement.
How does Golar LNG plan to grow after FLNG Gimi?
Golar is accelerating work on additional FLNG units and enhancing commercial discussions to meet charterer demand.
What impact does the COD have on Mauritania and Senegal?
The COD establishes Mauritania and Senegal as LNG exporters, boosting their roles in the global energy market.
Who are Golar LNG's key partners in the GTA project?
Key partners include bp, Kosmos, PETROSEN, and SMH, all of whom contribute to the successful operation of the GTA project.
How can investors contact Golar LNG for inquiries?
Investors can reach out via the provided contact numbers for the CEO, CFO, or the Head of Investor Relations.
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