Drum Cussac Protects Floating LNG Platform Journey
The FSRU Toscana, the world’s first-ever floating Liquified Natural Gas (LNG) platform, has begun commercial operations off the coast of Italy, on schedule. However, before the 288-meter container ship, turned floating LNG storage platform, could begin operation as a regasification plant, it had to negotiate a perilous journey, being towed from Drydock World in Dubai to the Italian Coast, via the Gulf of Aden and the Suez Canal, protected by Drum Cussac security specialists. Drum Cussac’s Chief Operating Officer…
Golar LNG Limited Enters Joint Venture Agreement
Golar LNG Limited signed a share purchase agreement with OLT Energy Toscana SpA in November 2006 for the acquisition of 20% of shares in OLT Offshore LNG Toscana SpA (OLT-O). The purpose of the joint venture company OLT-O is the construction of the Livorno offshore LNG import and regasification terminal, which will be located approximately 20 kilometers off the coast. Source: CCN
Golar LNG Signs Shareholder Agreement for Livorno Project
Golar LNG Limited is announced that its subsidiary, Golar Offshore Toscana Limited has signed a share purchase agreement with OLT Energy Toscana SpA for the acquisition of 20% of the shares in OLT Offshore LNG Toscana S.p.A. The new LNG terminal, which earlier this year was granted a government decree approving or permitting the project, will have a regulated capacity of 3.75 Bcm/year. The terminal will be located 20 km out to sea off the Livorno coast; away from populated areas creating substantial environmental and security benefits and significantly reducing visual impact. Included in the deal is an intention between the parties to sell the LNG carrier Golar Frost to OLT-O.
