End of FLNG Gimi Force Majeure Events
October 01 2020 - 9:19AM
Golar LNG Limited (“Golar”) announces today that
Gimi MS Corp., a subsidiary of Golar, has confirmed a revised
project schedule with BP Mauritania Investments Ltd. (“BP”) for the
Greater Tortue Ahmeyim project. The revised project schedule will
result in the target connection date for the converted floating
liquefaction natural gas vessel Gimi, previously scheduled for
2022, as set out in the Lease and Operate Agreement dated February
26, 2019 (the “Lease and Operate Agreement”), being extended by 11
months.
Gimi MS Corp. and BP have now received and given
notice to each other confirming with each other the revised project
schedule and that there is no FM Event ongoing, as defined in the
Lease and Operate Agreement. The terms of the Lease and Operate
Agreement are unchanged. The confirmation of a revised project
schedule with BP and exchange of notices is expected to facilitate
the conclusion of ongoing discussions with both engineering,
procurement and construction contractors and lending banks
regarding the adjustment of construction and financing schedules,
respectively.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking
statements (as defined in Section 21E of the Securities Exchange
Act of 1934, as amended) which reflects management’s current
expectations, estimates and projections about its operations. All
statements, other than statements of historical facts, that address
activities and events that will, should, could or may occur in the
future are forward-looking statements. Words such as “may,”
“could,” “should,” “would,” “expect,” “plan,” “anticipate,”
“intend,” “forecast,” “believe,” “estimate,” “predict,” “propose,”
“potential,” “continue,” or the negative of these terms and similar
expressions are intended to identify such forward-looking
statements.
These statements are not guarantees of future
performance and are subject to certain risks, uncertainties and
other factors, some of which are beyond our control and are
difficult to predict. Therefore, actual outcomes and results may
differ materially from what is expressed or forecasted in such
forward-looking statements. 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 undertakes no obligation
to update publicly any forward-looking statements whether as a
result of new information, future events or otherwise, unless
required by applicable law.
Hamilton, Bermuda
October 1, 2020
Enquiries:
Golar Management Limited: + 44 207 063 7900
Stuart Buchanan
Golar LNG (NASDAQ:GLNG)
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