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    Hydrocarbon Processing: Golar to develop Africa’s first floating LNG project located off Cameroon

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Summary

Golar LNG signed a Heads of Agreement with SNH and Perenco Cameroon for the development of a floating FLNG (FLNG) export project

by: Sruthi

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Press Notes, Africa

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Hydrocarbon Processing: Golar to develop Africa’s first floating LNG project located off Cameroon

Golar LNG Ltd. announced the signing of a Heads of Agreement (HOA) with Societe Nationale de Hydrocarbures (SNH) and Perenco Cameroon for the development of a floating FLNG (FLNG) export project located 20 km off the coast of Cameroon.

The project will use Golar's floating liquefaction technology, GoFLNG. The HOA is premised on the allocation of 500 Bcf of natural gas reserves from the offshore Kribi fields, which will be exported to global markets via the FLNG vessel Golar Hilli.

The FLNG project is under construction at the Keppel Shipyard in Singapore, and production is slated to commence in the first half of 2017.

Golar will provide the liquefaction facilities and services under a tolling agreement to SNH and Perenco. The owners will also produce LPG for the local market in association with the project.
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