Cameroon FLNG project binding tolling term sheet signed
Published by David Rowlands,
Editor
LNG Industry,
Golar LNG has announced that the Cameroon FLNG project has received both approval and signature of the binding tolling term sheet. This confirms the commercial basis for its floating LNG (FLNG) vessel, Golar Hilli. The state-owned Cameroonian oil and gas company, Société Nationale des Hydrocarbures (SNH), Perenco Cameroon (Perenco), and Golar are all part of the agreement.
This follows the announcement made in September 2015 that the project had received final approval from all parties of the Gas Convention for the project. Golar LNG confirms that operations are scheduled to be underway in the second quarter of 2017.
Edited from press release by David Rowlands
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/19102015/cameroon-flng-project-binding-tolling-term-sheet-signed-1486/
You might also like
IEEFA: Tidal wave of new LNG supply to flood market amid demand uncertainty
Sluggish demand growth for LNG, combined with a record increase in global export capacity through 2028, will likely thrust markets into an extended period of oversupply, according to the latest Global LNG Outlook from the Institute for Energy Economics and Financial Analysis.