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

Contracts

Yachting Malta PPP Sets Sail

Yatching Malta Ltd (YML) - a new public private partnership (PPP) between the government and the Royal Malta Yacht Club (RMYC) was formed with the aim of putting Malta on "the global yachting map".

Carnival to Add Nine Ships to Cruise Fleet

Carnival Corporation enters into strategic partnerships to add nine cruise ships to its fleet over a four-year period starting in 2019; shipbuilders Fincantieri

'Run to Remember' by USCG Foundation

The Coast Guard Foundation, a non-profit organization committed to the education and welfare of Coast Guard members and their families, announced this year’s

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Pod Propulsion Port Authority Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1247 sec (8 req/sec)