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

Reuters
23 Jun
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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10