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FLNG Gimi delivered and on its way to GTA

FLNG Gimi leaves Singapore for its operational areas in Mauritania and Senegal

Gimi, the FLNG unit of Golar LNG Limited (“Golar”), left the Seatrium shipyard in Singapore today, November 19, 2023. The Gimi FLNG unit is currently en route to Golar LNG Limited’s BP hub Greater Tortue Ahmeim (“GTA”) off the coast of Mauritania. Senegal. Powered by an escort tug. The journey is expected to take approximately 60 days; There will be fuel stops in Mauritius before passing the Cape of Good Hope, and in Namibia before arrival. Upon arrival, FLNG Gimi will notify BP that it is ready to dock and connect to the hub, which will trigger the start of contractual cash flows under the GTA lease and management agreement for a period of 20 years.

Golar CEO Karl-Fredrik Staubo said: “Golar is pleased with the successful transformation of FLNG Gimi. Thanks to Seatrium, Black & Veatch and other suppliers for this new successful delivery of FLNG. With the imminent arrival of Gimi to become operational, Golar will double its fleet of operational FLNG vessels and increase its total installed liquefaction capacity to 5.1 million tonnes per year. We look forward to seeing FLNG Gimi in operation and continuing the long-standing partnership with BP, Kosmos and the national oil and gas companies of Mauritania and Senegal. As the world’s largest independent owner and operator of FLNG units, we aim to monetize proven and attractive gas fields through our market-leading operating balance sheet, with attractive capital investments per tonne of liquefaction capacity and emission rates among the most favorable. active in the industry. tons of LNG produced. »

Forward-Looking Statements

This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended). All statements, other than statements of historical fact, that relate to activities or events that will, should or may occur in the future are forward-looking statements. ‘may’, ‘should’, ‘expect’, ‘estimate’, ‘predict’, ‘intend’, ‘estimate’, ‘believe’, ‘estimate’, ‘estimate’, ‘suggest’, ‘words like ‘ potential. ” ”, “continued” or the negative of these terms and similar expressions are intended to identify such forward-looking statements.

These forward-looking statements involve numerous risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.

Continuation of the story.

You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Golar LNG Limited assumes no obligation to publicly update any forward-looking statements, except as required by applicable law.

Hamilton, Bermuda, November 18, 2023

For all your queries: Golar Management Limited: +44 207 063 7900 Stuart Buchanan

This information is based on Articles 5-12 of the Norwegian Securities Act. It is subject to the disclosure obligations under Section.


Source: Creo Community


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