Golar LNG Secures $3 Billion Lease and Operate Agreement for FLNG Gimi in Mauritania and Senegal

Reuters

06-23

Golar LNG Secures $3 Billion Lease and Operate Agreement for FLNG Gimi in Mauritania and Senegal

Golar LNG Limited has announced that its floating liquefied natural gas $(FLNG)$ unit, Gimi, has achieved the Commercial Operations Date $(COD.UK)$ for its 20-year Lease and Operate Agreement related to the Greater Tortue Ahmeyim (GTA) project, situated offshore Mauritania and Senegal. This milestone marks the commencement of a significant agreement expected to generate approximately $3 billion in Adjusted EBITDA for the company. The achievement signifies a pivotal advancement for one of Africa's deepest offshore developments, positioning Mauritania and Senegal as LNG exporters. Golar is also accelerating the development of its next FLNG units, following recent FLNG charters in Argentina, with plans underway for a new 3.5mtpa MKII unit and potential 5mtpa MKIII and 2.7mtpa MKI units.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Golar LNG Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001114242-en) on June 23, 2025, and is solely responsible for the information contained therein.

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This milestone marks the commencement of a significant agreement expected to generate approximately $3 billion in Adjusted EBITDA for the company. The achievement signifies a pivotal advancement for one of Africa's deepest offshore developments, positioning Mauritania and Senegal as LNG exporters. Golar is also accelerating the development of its next FLNG units, following recent FLNG charters in Argentina, with plans underway for a new 3.5mtpa MKII unit and potential 5mtpa MKIII and 2.7mtpa MKI units.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Golar LNG Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001114242-en) on June 23, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B64PRP62.GBP","symbol_name":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250623:nNDL83hPkS:1","article_id":"2545418915","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2545418915","pubTimestamp":1750673567,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Golar LNG Limited has announced that its floating liquefied natural gas  unit, Gimi, has achieved the Commercial Operations Date  for its 20-year Lease and Operate Agreement related to the Greater Tortue Ahmeyim  project, situated offshore Mauritania and Senegal. 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This milestone marks the commencement of a significant agreement expected to generate approximately $3 billion in Adjusted EBITDA for the company. The achievement signifies a pivotal advancement for one of Africa's deepest offshore developments, positioning Mauritania and Senegal as LNG exporters. Golar is also accelerating the development of its next FLNG units, following recent FLNG charters in Argentina, with plans underway for a new 3.5mtpa MKII unit and potential 5mtpa MKIII and 2.7mtpa MKI units.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Golar LNG Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. 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