LNG

Golar LNG Ltd, the shipping company now specialising in a small but growing fleet of floating LNG project vessels, reported first-quarter net losses as it maintained “strong engagement with prospective FLNG” clients, including signing an accord with Nigeria National Petroleum Corp. (NNPC) for offshore liquefaction projects.

Nigeria’s Department of Petroleum Resources (DPR) has awarded a licence for a project to establish the West African nation’s first floating liquefied natural gas production plant and run by a Nigerian oil and gas company rather than an international energy major.