Golar LNG Limited ("Golar") announces its' Cameroon FLNG project has received approval and signature of the binding Tolling Term Sheet thereby confirming the commercial terms for the FLNG vessel Golar Hilli.
Cameroon's state owned oil and gas company Société Nationale des Hydrocarbures ("SNH"), Perenco Cameroon ("Perenco"), and Golar are all parties to the executed agreement. Operations are scheduled to begin in Q2, 2017.
About Golar LNG Ltd.
Golar is one of the world's largest independent owners and operators of LNG carriers with over 40 years of LNG industry experience. Golar LNG together with Golar Partners own and manage a fleet of 26 LNG Carriers and FSRUs. Golar's innovation delivered the world's first Floating Storage and Regasification Units (FSRU) based on the conversion of existing LNG carriers. Golar's latest strategic move is to extend its business model further upstream by deploying its floating liquefaction technology (GoFLNG). The objective is to become the industry's leading integrated midstream LNG services provider, supporting resource owners, gas producers and gas consumers.