Floating LNG player Golar LNG said on Wednesday that it would refrain from committing significant capital expenditure on its fourth FLNG until commercial terms for the next project are matured.
LNG Prime Annual Subscription Membership Required
You must be a LNG Prime Annual Subscription member to access this content.
Argentina’s state-owned oil and gas company YPF and its partners Eni and XRG are still targeting a final investment decision on the 12 mtpa Argentina LNG project by the end of this year, according to YPF CEO Horacio Marin.
Golar LNG's FLNG Hilli, which has worked offshore Cameroon’s Kribi since 2018, has left the country under tow and is on its way to Seatrium’s shipyard in Singapore, where upgrades and life extension work will be carried out prior to its deployment in Argentina.
Floating LNG player Golar LNG has closed a new $600 million senior secured revolving credit facility to further strengthen its balance sheet flexibility and facilitate further FLNG growth.
Norway-based Axess Group has secured a contract from floating LNG player Golar LNG to carry out maintenance, build, and integrity management activities across two FLNG units.
The 2.7 mtpa FLNG Gimi, which serves the BP-led Greater Tortue Ahmeyim LNG project offshore Mauritania and Senegal, continues "strong" operational performance with nine cargoes lifted in the second quarter of this year, according to US-based Kosmos Energy.