Golar LNG Awarded Kuwait FSRU Contract
(Thomson Reuters ONE) -
The Board of Golar LNG Limited ("Golar" or the "Company") is pleased to announce
that Golar has executed a firm contract to provide the Kuwait National Petroleum
Company ("KNPC") with floating storage and regasification ("FSRU") services to
support their LNG import operations at Mina Al Ahmadi.
The contract will be for an initial period of 5 years and comprises the
provision of portside FSRU services for an anticipated nine months of the year
together with a three month window where the vessel is free to pursue spot
carrier and other short term business opportunities. Winter scheduling of the
three month stand-down period together with favourable positioning mean that the
company is optimistic for the vessels trading prospects. The 170,000cbm
newbuild FSRU Golar Igloo which delivers during the fourth quarter of 2013 will
service the contract that is set to commence in March 2014. With a total
contract value of approximately USD$213 million covering both capital and
operating elements over five years, Golar expects to supplement these earnings
with additional hire payments during the winter months each year.
Golar LNG's CEO, Doug Arnell said "Kuwait is an established LNG importer and we
look forward to working closely with our new customer. We are very pleased that
an experienced LNG industry player such as KNPC has entrusted Golar with their
FSRU services which demonstrates our established reputation as a leading
operator of floating midstream LNG assets. As this is a five year charter the
vessel will be offered to Golar LNG Partners L.P. ("Golar Partners") to acquire
providing for another potential acquisition with a new and particularly strong
counterparty."
FORWARD LOOKING STATEMENTS
This press release contains certain forward-looking statements concerning future
events and Golar's operations, performance and financial condition. Forward-
looking statements include, without limitation, any statement that may predict,
forecast, indicate or imply future results, performance or achievements, and may
contain the words "believe", "anticipate", "expect", "estimate", "project",
"will be", "will continue", "will likely result", "plan", "intend" or words or
phrases of similar meanings. These statements involve known and unknown risks
and are based upon a number of assumptions and estimates that are inherently
subject to significant uncertainties and contingencies, many of which are beyond
Golar's control. Actual results may differ materially from those expressed or
implied by such forward-looking statements.
August 4, 2013
Hamilton, Bermuda.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Golar LNG via Thomson Reuters ONE
[HUG#1721158]
Unternehmensinformation / Kurzprofil:
Datum: 05.08.2013 - 13:01 Uhr
Sprache: Deutsch
News-ID 284700
Anzahl Zeichen: 3506
contact information:
Town:
Hamilton
Kategorie:
Business News
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