Golar LNG Enters Definitive Agreements With Pan American Energy For 20-Year Deployment Of Floating Liquefied Natural Gas Vessel In Argentina
Portfolio Pulse from Benzinga Newsdesk
Golar LNG has entered into definitive agreements with Pan American Energy for a 20-year deployment of a floating liquefied natural gas (FLNG) vessel in Argentina. The project is expected to start LNG exports by 2027, establishing Argentina as an LNG exporter. Golar will hold a 10% stake in Southern Energy S.A., a joint venture with PAE responsible for the purchase of domestic natural gas, operations, and sale and marketing of LNG volumes from Argentina.
July 05, 2024 | 3:01 pm
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Golar LNG has signed a 20-year agreement with Pan American Energy for the deployment of an FLNG vessel in Argentina, expected to start LNG exports by 2027. Golar will also hold a 10% stake in Southern Energy S.A., a joint venture responsible for the purchase, operations, and sale of LNG.
The long-term agreement and the establishment of a joint venture position Golar LNG for significant future revenue streams from LNG exports starting in 2027. The 10% stake in Southern Energy S.A. further solidifies its involvement and potential earnings from the project.
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