Mauritania LNG: 'Rapid Progress'

Golar LNG, the company slated to provide the 2.5mn t/y floating LNG (FLNG) production vessel for BP’s Tortue project on the Mauritania/Senegal maritime border says “draft commercial, construction and financing agreements as well as Feed work are being progressed at pace.”

Golar in April signed a deal under which it will provide an initial FLNG in time for BP’s planned 2021 project start up with a second slated to be added in 2023 as part of phase-2 development ( MEES, 27 April ).

“We’ve got a couple of months to go” to complete Feed work on the FLNG part of the project, Golar CEO Iain Ross told his firm’s Q2 earnings call on 23 August. “There continues to be strong appetite from the lenders interested in financing the project, and that aspect is moving along nicely… We are gearing ourselves up for an FID decision whenever BP is ready to go,” he says. BP says it expects FID by end-2018 with first output before the end of 2021. (CONTINUED - 167 WORDS)