Golar lines up third GoFLNG unit

Golar LNG said that it has commenced talks with partners Keppel and Black & Veatch aimed at exercising an option, under an existing framework agreement, for the ordering of a third GoFLNG unit similar to the Hilli and the Gimi.

The specific objective of these discussions will be to mature the option to deliver a third unit for start-up in 2018, between the target on-stream dates of 2017 and 2019 for the first two units destined respectively for Cameroon and Equatorial Guinea, the company said in a statement.

Golar intends to pursue the third GoFLNG vessel on a similar contractual basis as the second vessel, preserving flexibility on design and delivery schedule, and including cancellation provisions.

At present, the Golar does not envisage this third GoFLNG option requiring the issuance of new equity.

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Image: Keppel