New Fortress Energy Inc., the US developer of floating LNG production and import terminal projects, reported soaring annual revenues and net profits as its array of projects advanced.

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Golar LNG Partners, the fleet owner listed on the Nasdaq global exchange, said the shipping market continued to improve in October and one of its carriers re-entered the spot market and completed multiple voyages.

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Friday, 13 July 2018 05:08

FLNG stake transfer

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July 13 (LNGJ) - Golar LNG Partners, the Nasdaq-listed US affiliate of the carrier fleet operator Golar LNG Ltd, has completed the acquisition from Golar of a half share in the LNG production vessel, the “Hilli Episeyo”, deployed offshore Cameroon in West Africa. The Golar FLNG hull began its production activities in mid-March 2018 off the port of Kribi in a venture also involving European energy company Perenco and the Cameroon state energy firm ENH. Perenco and Cameroon have an eight-year liquefaction tolling agreement with the “Hilli Episeyo” to process feed-gas from the offshore Sanaga Sud and Ebome gas fields.

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The 140,620 cubic metres capacity carrier “Galicia Spirit” will deliver a cargo on June 14 to the new Chinese Qidong import terminal owned by Guanghui Energy from the floating LNG hull “Hilli Episeyo” that began production in mid-March off the port of Kribi in Cameroon.

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Golar LNG, the fleet owner and project developer said first production of LNG has successfully commenced from the production vessel “FLNG Hilli Episeyo” offshore the West African state of Cameroon.

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Golar LNG, the project and shipping company, said the floating LNG production vessel, the “Hilli Episeyo”, has moved to a deep-water anchorage offshore Singapore where Keppel Shipyard will complete final commissioning before the vessel is deployed for a joint venture in the West African state of Cameroon.

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Singapore shipyard Keppel Offshore and Marine said it would soon deliver the world's first converted Floating Liquefaction Vessel (FLNGV) owned by Norwegian project company Golar LNG and set to be deployed offshore the West African nation of Cameroon.

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Tamrotor Marine Compressors, the Norway-based equipment supplier, was awarded a contract by Golar LNG to supply a compressed air system to the former conventional carrier “Hilli” being transformed into a floating liquefaction production hull in Singapore.

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