World’s first converted FLNG hits another milestone

Golar’s Hilli Episeyo, world’s first converted FLNG vessel, has recently loaded its 50th cargo since the start of operations less than three years ago offshore Kribi, Cameroon.

“During January FLNG Hilli Episeyo achieved another milestone, the production of its 7 millionth cubic meter of LNG and export of its 50th cargo,” Golar LNG said in its fourth-quarter report on Thursday.

This shipment follows the 40th cargo the FLNG dispatched back in June last year.

In addition, the vessel continues to maintain 100% commercial uptime and recently exported its 52nd cargo, Golar said.

Hilli Episeyo started commercial operations back in May 2018 under production tolling deals with Cameroon’s Perenco and SNH.

Russia’s Gazprom is the sole offtaker from the FLNG project taking 1.2 mtpa under an eighth-year deal expiring in 2026.

The gas giant is taking 50 percent of the vessel’s total 2.4 mtpa capacity produced from two trains. The FLNG has in total four trains installed onboard.

Golar said it continued to hold talks with Perenco and SNH on potential solutions to prove up more reserves and increase throughput on the vessel.

Depending on a commercial agreement between the trio and Gazprom, Golar and Perenco would start a drill campaign to prove up additional reserves in March/April 2021, the firm said in the quarterly report.

To remind, New Fortress Energy said last month it would buy two Golar units, including Golar LNG Partners, in a combined deal valued at $5 billion.

The partnership has a 50% interest in the first two trains of the FLNG, such as Golar LNG.

Keppel’s shipyard in Singapore converted the vessel from Golar’s aging 125,000-cbm tanker for $1.2 billion. The vessel departed the yard in October 2017.

Most Popular

Venture Global to introduce gas to 14th Plaquemines liquefaction block

US LNG exporter Venture Global LNG has received approval from the US FERC to introduce natural gas to the fourteenth liquefaction block at the Plaquemines LNG terminal in Louisiana as part of the plant’s commissioning process.

South Korea gets first LNG Canada cargo

The 174,000-cbm GasLog Glasgow, which is carrying the first liquefied natural gas cargo produced at the Shell-led LNG Canada facility in Kitimat, has arrived in Tongyeong, South Korea, according to shipping data.

Venture Global adds more liquefaction blocks to Plaquemines expansion

US LNG exporter Venture Global LNG has added four more liquefaction blocks to the proposed brownfield expansion of its Plaquemines LNG terminal in Louisiana.

More News Like This

Golar LNG wraps up $575 million senior notes offering

Last week, Golar revealed that it intends to offer, subject to market and other conditions, $500 million aggregate principal...

Golar LNG in $500 million senior notes offering

Floating LNG player Golar LNG aims to raise about $500 million via an offering of convertible senior notes due 2030.

Golar progresses FLNG growth plans

Golar LNG said it had signed a final engineering study to confirm EPC price and delivery for a 5 mtpa MKIII FLNG.

Golar chairman says FLNG industry set for ‘massive’ growth

Golar LNG will continue to expand its fleet of floating LNG production units in an industry set for "massive" growth, according to Golar LNG's chairman, Tor Olav Trøim.