Golar LNG’s FLNG Gimi vessel has reached its commercial operations date (COD) under the 20‑year lease-and-operate agreement for the Greater Tortue Ahmeyim (GTA) gas project offshore Mauritania and Senegal.
Achieving COD triggers the commencement of this long-term contract – unlocking approximately $3 billion in adjusted EBITDA backlog for Golar – and marks a major milestone in positioning both countries as emerging LNG exporters.
The Gimi FLNG unit will initially produce 2.4 MMtpa of LNG, with plans to ramp up to its full capacity of 2.7 MMtpa. Backed by an estimated 15 Tcf of natural gas, the GTA project is expected to bolster regional and global energy security while stimulating economic growth in both host nations.
In June 2024, Golar LNG signed a Project Development Agreement with the Nigerian National Petroleum Company Limited for a new FLNG facility in the Niger Delta. The project is designed to liquefy 400–500 MMcfgd, contributing to Nigeria’s Decade of Gas Initiative and its goal to harness 209 Tcf of reserves to expand access to cleaner, more reliable energy.
Golar LNG has also played a pioneering role in Cameroon’s gas sector since 2018, operating the 2.4-million-ton-per-annum Hilli Episeyo FLNG facility. As the company continues to grow its balance sheet and expand its footprint across the continent, AEW: Invest in African Energies offers an unparalleled opportunity to engage African stakeholders and pursue new prospects across the natural gas value chain.
“The commercial launch of the Gimi FLNG facility is a major step forward for the MSGBC Basin and Africa’s LNG market,” says Ore Onagbesan, Program Director, Africa Energy Week. “As countries like Nigeria, Ivory Coast, Gabon, Equatorial Guinea, Ghana, Mozambique and Tanzania work to monetize their offshore gas resources, innovative and reliable partners such as Golar LNG will play a vital role in driving sustainable growth and long-term value.”
Distributed by APO Group on behalf of African Energy Chamber.
