Golar as well as Keppel partnered for initial FLNG conversion: Hilli Episeyo
Golar LNG Limited (NASDAQ: GLNG) reports that via a brand-new subsidiary, Gimi MS, it has actually become part of a 20-year lease as well as run arrangement (“LOA”) with BP for the charter of an FLNG system, Gimi, to service the Greater Tortue Ahmeyim job.
The FLNG will certainly be produced by transforming the 1978-built, Moss kind LNG provider Gimi, which has actually been moved from layup to Keppel Shipyard in Singapore where conversion jobs are anticipated to start quickly.
Expected to start manufacturing in 2022, the FLNG Unit Gimi will certainly melt gas as component of the initial stage of the Greater Tortue Ahmeyim job as well as be situated at a nearshore center on the Mauritania as well as Senegal maritime boundary. FLNG Gimi is made to create approximately roughly 2.5 million tonnes of LNG per year, utilizing the Black & & Veatch “Prico” liquefaction procedure, with the complete gas sources in the area approximated to be about 15 trillion cubic feet.
Keppel as well as Golar have actually formerly partnered on the FLNG Hilli Episeyo, the globe’s initial FLNG conversion job, which, states Keppel, “has been a successful proof of concept as a quick and cost-efficient solution for monetizing stranded gas reserves. Hilli Episeyo has maintained 100% uptime since commencing commercial operations in June 2018 and consistently despatched two LNG cargoes each month.”
Concurrent with its entrance right into the LOA with BP, Gimi MS has actually become part of an arrangement that will certainly see First FLNGHoldings Pte Ltd., a subsidiary of Keppel Capital, will certainly subscribe for 30% of the complete released normal share resources of Gimi MS for a registration rate comparable to 30% of the job expense.
According to Golar LNG, building of FLNG Gimi is anticipated to set you back roughly $1.3 billion, leaving out funding prices.
