FLNG Gimi Received First Gas From the GTA Field
January 21 2025 - 7:50AM
Golar LNG Limited (“Golar”) is pleased to
announce that on January 18, 2025, FLNG Gimi received feed gas
from the bp operated FPSO on the Greater Tortue Ahmeyim (“GTA”)
project offshore Mauritania and Senegal. Full commissioning of the
FLNG has now commenced. Prior to achieving this key milestone, gas
from the LNG carrier British Sponsor was being used to undertake
advanced commissioning work. Receipt of gas from the FPSO allows
the full commissioning activity to ramp up. The first LNG export
cargo is now expected within Q1 2025, and full Commercial
Operations Date (“COD”) is expected within Q2 2025, subject to all
conditions being met.
First gas to the FLNG will result in the final
upward adjustment to the Commissioning Rate under the commercial
reset agreed in August 2024. COD will trigger the start of the
20-year Lease and Operate Agreement that unlocks the equivalent of
around $3 billion of Adjusted EBITDA Backlog (Golar's share) and
recognition of contractual payments comprised of capital and
operating elements in both the balance sheet and income
statement.
FORWARD LOOKING STATEMENTSThis press
release contains forward-looking statements (as defined in Section
21E of the Securities Exchange Act of 1934, as amended) which
reflect 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,” “subject to” 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 January 21, 2025
Investor Questions: +44 207 063 7900Karl
Fredrik Staubo - CEOEduardo Maranhão - CFOStuart Buchanan - Head of
Investor Relations
This information is subject to the disclosure
requirements pursuant to Section 5-12 the Norwegian Securities
Trading Act
Golar LNG (NASDAQ:GLNG)
Historical Stock Chart
From Jan 2025 to Feb 2025
Golar LNG (NASDAQ:GLNG)
Historical Stock Chart
From Feb 2024 to Feb 2025