Golar, Rosneft ink FLNG MoU

Golar LNG and Rosneft Oil of Russia have entered into a memorandum of understanding to cooperate in the area of floating liquefaction and transportation of natural gas.

Under this MoU the companies will enter into discussions to develop opportunities for the use of Golar’s GoFLNG facilities in Latin America and potentially other locations.

The companies are targeting signing of two FLNG tolling agreements for projects within Rosneft’s portfolio, Golar said in a statement.

Rosneft’s target is to reach 100 bcm of annual gas production by 2020, while Golar LNG’s objective is to become the industry’s leading integrated midstream LNG services provider, according to the statement.

Image: Golar LNG