Golar LNG Wins Chile FSRU Contract

Press Release
Friday, July 06, 2012

Golar LNG Ltd. secures Chile's first Floating Storage & Regasification (FSRU) contract award

Golar LNG Limited has been awarded the Gas Atacama Mejillones Seaport's FSRU Project ("Gas Atacama").

The FSRU will be moored approximately 1.6 km offshore and in approximately 50 metres water depth in the Bay of Mejillones.  The newbuild FSRU will be capable of storing 170,000 m3 of LNG and delivering  approximately 180 MMcfd per day of regasified LNG and will be delivered to the project in the fourth quarter of 2015. 

The initial term of the contract, in Gas Atacama's option, is for 15 or 20 years and is expected to generate an average annual EBITDA of approximately US$48 million for the 15 year charter or US$47 million for the 20 year charter.  Gas Atacama has three, five-year contract extension options, representing a potential 15 additional years of commitments.

The regasified LNG will be delivered via Gas Atacama's subsea pipeline and is intended primarily to supply the on-shore 780MW Central Térmica Atacama thermal power plant. 

Regasified LNG could additionally be used to the meet the demands of some of GasAtacama's mining customers, as well as other power generators. 

Golar is one of the world’s largest independent owners and operators of LNG carriers. They developed the world’s first Floating Storage and Regasification Unit (FSRU) projects based on the conversion of existing LNG carriers.

Gas Atacama is a Chilean energy company which owns a natural gas pipeline and power station.


Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Kalmar to Upgrade MSC Terminal VLC (Valencia) Cranes

Kalmar, part of Cargotec, has announced a large contract to heighten and extend the handling capabilities of eight ship-to-shore (STS) cranes at MSC Terminal VLC in Valencia, Spain.

Höegh Autoliners Appoints Agents in Finland

Höegh Autoliners has appointed Scandinavian Shipping & Logistics (SSL) as its agent in Finland from 1 December 2015.   SSL, which has worked with Höegh Autoliners

Incat Ferry Order from Denmark

Incat Tasmania Pty Ltd, Australian shipbuilder, has secured a contract for the construction, delivery and long term charter of a large fast vehicle ferry for Danish company Mols-Linien A/S.

Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1228 sec (8 req/sec)