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End of FLNG Gimi Force Majeure Events

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LNG Industry,

Golar LNG Limited has announced that one of its subsidiaries, Gimi MS Corp., 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 (LOA) dated 26 February 2019, 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 force majeure event ongoing, as defined in the LOA. The terms of the LOA 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.

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LNG project news Current LNG projects