Kosmos of US says Mauritania-Senegal LNG is advancing amid output boost and financing changes
Kosmos Energy, the US shareholder in the floating LNG projects offshore the West African nations of Mauritania and Senegal, said in its third-quarter earnings that the ventures were making good progress, while the company posted a net loss.
Kosmos finance deal
Oct 5 (LNGJ) - Kosmos Energy, whose projects include the floating LNG ventures being developed offshore Mauritania and Senegal in West Africa, said it closed its Gulf of Mexico financing with Beal Bank USA and Trafigura Trading. “Kosmos has changed its previously announced Gulf of Mexico prepayment facility into a five-year $200 million term-loan facility secured against the company’s US Gulf of Mexico assets,” said Dallas, Texas-based Kosmos.
In Africa operations, Kosmos has said Phase 1 of the Greater Tortue-Ahmeyim natural gas project offshore Mauritania and Senegal was now more than one-third complete. However, work on a breakwater installation was disrupted as a result of Covid-19 mitigation measures, meaning a delay to the venture of about 12 months. This added to another delay instigated by Kosmos partner BP for a later delivery of the first FLNG production hull.
