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Ince & Co. advises Golar on Ivory Coast LNG project

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LNG Industry,

Ince & Co. LLP has announced that it has advised Golar on its participation in the CI-GNL (Ivory Coast LNG) consortium, which has been awarded the rights to build and operate an LNG regasification terminal with a floating storage and regasification unit (FSRU) in Ivory Coast.

The project will allow for regional and domestic LNG demand to be met and make the Ivory Coast the first regional LNG import hub in West Africa. The terminal has a planned capacity of 3 million tpy and operations are expected to start mid-2018.

The consortium shareholders’ agreement was entered into on 24 November 2016 between Total (34%), SOCAR (26%), Shell (13%), Petroci (11%), CI Energies (5%), Golar (6%) and Endeavor Energy (5%). Petro CI and CI-Energies were advised by Gide Loyrette Nouel, and Total by Norton Rose Fulbright. Golar received Ivorian law assistance from Orrick.

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