Golar LNG Signs 20-Year FLNG Deal In Argentina


Golar LNG has signed agreements with Pan American Energy (PAE), including one for the deployment of an FLNG vessel in Argentina for a period of 20 years, reports LNG Industry.

The agreements will also see Golar holding a 10% interest in Southern Energy, a joint venture (JV) with PAE.

The JV will oversee the purchase of domestic gas, operations and the sale of liquefied natural gas (LNG) volumes from Argentina.

Due to commence LNG exports in 2027, the FLNG project is set to leverage Argentina’s vast Vaca Muerta shale gas reserves in the Neuquina Basin.

Golar LNG said the venture is underpinned by a commercial framework including a gas sales agreement from PAE and an FLNG charter agreement with Golar.

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Source: LNG Industry