Golar's FLNG Gimi Completes First LNG Offload to British Sponsor
4/17/2025
(P&GJ) — The FLNG Gimi has completed its first full LNG offload to the British Sponsor, marking a major milestone for Mauritania and Senegal as they enter the international gas market.
The offload triggers the final pre-Commercial Operations Date (COD) milestone bonus payment to Golar, under the terms of a commercial reset agreement signed in August 2024.
Golar said commissioning remains on track for a Q2 2025 COD. Once achieved, it will activate a 20-year lease and operate agreement, unlocking approximately $3 billion of adjusted EBITDA backlog attributable to Golar. COD will also initiate the recognition of contractual payments across Golar’s balance sheet and income statement.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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