Golar LNG has signed a 20-year definitive agreement with Pan American Energy for a floating liquefied natural gas (FLNG) vessel in Argentina.
Set to be operational in 2027, the project will likely utilise Golar’s FLNG Hilli, which has a nameplate capacity of 2.45 million tonnes per annum. That said, there is flexibility in the contract to swap for an alternative FLNG vessel.
The project will monetise Argentina’s gas, tapping into rouses from the Vaca Muerta shale formation in the Neuquina Basin, the world’s second largest shale gas resource.
As part of the contract, Golar LNG will also acquire a 10% stake in Southern Energy, a joint venture with Pan American Energy that is focused on the purchase of domestic natural gas, operations, and sale and marketing of LNG from Argentina.
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