Golar LNG’s FLNG Gimi has reached the Commercial Operations Date (COD) for its 20-year lease and operate agreement for the Greater Tortue Ahmeyim (GTA) project offshore Mauritania and Senegal. The COD triggers the start of the 20-year lease and operate agreement that unlocks the equivalent of around $3 billion of adjusted EBITDA backlog (Golar’s share).
“The COD milestone marks a major achievement for one of Africa’s deepest offshore developments which introduce Mauritania and Senegal as LNG exporters,” Golar LNG said in a news release. “We look forward to continuing working together with the GTA operator bp and its partners Kosmos, PETROSEN and SMH as well as Mauritanian and Senegalese authorities to deliver safe and reliable operations and to create value to all stakeholders.”
Following the achieved COD of FLNG Gimi and announcement of the two FLNG charters in Argentina on May 2, 2025, Golar is accelerating work on its next FLNG unit(s). Golar continues to advance commercial discussions, with charterer demand guiding design choice of the fourth FLNG unit. In addition to the 3.5 MMtpa MKII option at CIMC Raffles shipyard, Golar has signed a final engineering study to confirm EPC price and delivery for a 5 MMtpa MKIII FLNG and is updating price and schedule for an up to 2.7 MMtpa MKI FLNG.
