Update: Gazprom M&T books full capacity at Cameroon FLNG project
(Updated with Perenco confirmation)
Gazprom Marketing & Trading Singapore signed an eight-year deal with Société Nationale des Hydrocarbures, Perenco and Golar LNG to offtake 1.2 mtpa from the Cameroon FLNG project.
Following an international tender, GM&TS, a unit of Russian giant Gazprom, has been awarded the FOB LNG sales contract and will be the sole off-taker from the FLNG terminal, the independent oil and gas company with headquarters in London and Paris, Perenco, confirmed in a statement released on Friday.
A final investment decision on the Cameroon FLNG project was reached at the end of September, with Golar stating that commissioning is targeted for the second quarter of 2017.
The project is based on the allocation of 500 bcf of natural gas reserves to be supplied by SNH and Perenco from the Sanaga Sud and Ebome fields.
Keppel Shipyard in Singapore is currently working on a US$1.2 billion conversion of a Golar LNG carrier Hilli into an FLNG facility and is scheduled to complete works by February 2017.
LNG World News Staff; Image: Keppel