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Golar LNG Ltd.

Golar LNG Limited Achieves Commercial Operations Date for FLNG Gimi

Strategic Insights

— 1 min read

Golar LNG Limited has reached the Commercial Operations Date (COD) for its 20-year Lease and Operate Agreement for the Greater Tortue Ahmeyim (GTA) project offshore Mauritania and Senegal, marking a major achievement for one of Africa's deepest offshore developments. The milestone unlocks the equivalent of around $3 billion of Adjusted EBITDA backlog for Golar. This achievement paves the way for Mauritania and Senegal to become LNG exporters, with Golar committed to working with the GTA operator bp and its partners to deliver safe and reliable operations. Following this achievement, Golar is accelerating work on its next FLNG unit, with commercial discussions underway to finalize the design choice of the fourth FLNG unit.

Key Takeaways:

  • Golar LNG Limited has achieved the Commercial Operations Date (COD) for its 20-year Lease and Operate Agreement for the GTA project offshore Mauritania and Senegal.
  • The COD milestone unlocks the equivalent of around $3 billion of Adjusted EBITDA backlog for Golar.
  • The GTA project introduces Mauritania and Senegal as LNG exporters.
  • Golar is committed to working with the GTA operator bp and its partners to deliver safe and reliable operations.
  • The company is accelerating work on its next FLNG unit, with commercial discussions underway to finalize the design choice of the fourth FLNG unit.
  • 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.
  • Golar has three FLNG units in operation or under construction, with the next unit to be designed based on charterer demand.

Statistics:

  • The COD milestone unlocks the equivalent of around $3 billion of Adjusted EBITDA backlog for Golar.
  • The GTA project is one of Africa's deepest offshore developments.
  • The FLNG Gimi has a 20-year Lease and Operate Agreement with the GTA operator bp and its partners.
  • Golar has signed a final engineering study to confirm EPC price and delivery for a 5mtpa MKIII FLNG.
  • Golar is updating price and schedule for an up to 2.7mtpa MKI FLNG.
  • The fourth FLNG unit will be designed based on charterer demand.

Sources:

  • Golar LNG Limited (as of [current date])
  • Additional sources not explicitly mentioned in the original text are not included.

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