Golar Signs Ghana FSRU Deal

Golar LNG has executed a contract to provide West African Gas Limited (WAGL) with Floating Storage and Regasification Unit (FSRU) services to support their LNG import operations in Ghana.

WAGL is jointly owned by subsidiaries of the Nigerian National Petroleum Corporation (NNPC) with 60 percent and Sahara Energy Resource with 40 percent.  The joint venture is developing an LNG import project at the port of Tema on the coast of Ghana with a planned start up in second quarter 2016.  The FSRU will be moored inside the port at a new jetty being built by WAGL.

“West Africa is becoming an increasingly important region for our business and we are proud to be jointly developing Sub Saharan Africa's first FSRU in partnership with WAGL,” Golar LNG's CEO, Gary Smith said.

The contract will be for an initial period of five years with the option for WAGL to extend for a further five years. The contract is for the provision of the 170,000 cbm new build FSRU Golar Tundra which delivers to Golar from Samsung during November of 2015.