Golar LNG’s FLNG ’Gimi’ has reached its commercial operations date (COD) for its 20-year lease and operate agreement for the Greater Tortue Ahmeyim (GTA) project, offshore Mauritania and Senegal.
The COD triggers the start of the agreement that unlocks the equivalent of around $3 bill of adjusted EBITDA backlog (Golar's share).
This milestone marks a major achievement for one of Africa’s deepest offshore developments, which introduce Mauritania and Senegal as LNG exporters, Golar said, adding it looked forward to continuing working together with the GTA operator bp and its partners Kosmos, PETROSEN and SMH, as well as Mauritanian and Senegalese authorities to deliver safe and reliable operations and to create value to all stakeholders.
Following the COD and announcement of the two FLNG charters in Argentina in early May, Golar is accelerating work on its next FLNG unit(s).
Advanced commercial discussions were continuing, with charterer demand guiding design choice of the fourth FLNG unit.
In addition to the 3.5 mill tonnes per annum MKII option at CIMC Raffles shipyard, Golar has signed a final engineering study to confirm EPC price and delivery for a 5 mill tonne MKIII FLNG and is updating price and schedule for an up to 2.7 mill tonne MKI FLNG, the company said.
