Golar LNG Limited and Rosneft Oil Comoany have signed a Memorandum of Understanding (MoU) for future cooperation in the area of FLNG and the transportation of natural gas.
Under the MoU, the companies will enter into discussions to develop opportunities for the use of Golar's GoFLNG facilities in Latin America and potential other locations. The parties are targeting the signing of two FLNG tolling agreements for projects within Rosneft's portfolio.
The agreement represents an opportunity for both companies to clearly align their objectives, combining Golar's midstream LNG credentials (liquefaction, transportation and regasification) and Rosneft's upstream portfolio.
Adapted from press release by Katie Woodward