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Golar secures LNG import terminal deal for Jamaica

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LNG Industry,

Norwegian shipping company Golar LNG Partners will deploy an FSRU to Jamaica for up to 15 years from 4Q18, as reported by Reuters recently.

On 19 January the company announced it had executed a 15-year charter for an FSRU with an energy and logistics company in the Atlantic Basin, without giving further details.

Sources said Golar LNG Partners entered into the deal with New Fortress Energy, which has supplied Jamaica’s power utility JPS with LNG since October 2016, using one of Golar’s LNG tankers. In its 19 January statement, Golar said it would nominate either the Golar Spirit or the Golar Freeze FSRU, so long as they meet the technical requirements of the project.

Golar predicts that the charter will generate annual operating income of US$18 – 22 million, before depreciation and amortisation. The charterer has also secured the option of terminating the deal after three years if certain FSRU throughput targets have not been met.

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