Golar LNG Energy - West Java FSRU Project
(Thomson Reuters ONE) -
The Board of Golar LNG Energy Limited ("Golar Energy" or the "Company") is
pleased to announce that it has been selected as the successful bidder in the PT
Nusantara Regas tender for the West Java Floating Storage Regasification
Terminal ("West Java FSRU Project"). Nusantara Regas is a joint venture between
Pertamina and PGN.
The contract, which is still subject to final terms and conditions, will be for
an initial period of approximately 11 years and comprises the lease of a
floating storage and regasification unit ("FSRU") and associated mooring. Golar
Energy will convert one of their existing Moss LNG carriers to an FSRU for the
project. The contract value will be approximately $500 million. The Golar group
has already completed three FSRU conversions over the last three years. The
FSRU for the West Java FSRU Project will be similar in design to the latest of
these three projects, the Golar Freeze, recently delivered to Dubai.
The West Java FSRU Project will be Indonesia's first LNG regasifcation terminal
and represent the world's first FSRU project in Asia. Golar Energy's FSRU
technology offers a reliable and cost effective solution to fast track the
import and regasification of LNG.
Golar Energy's CEO, Oscar Spieler said "This award cements our position as the
leading converter of existing LNG carriers for FSRU service and a major player
in the growing market for marine based LNG infrastructure. The Golar group has
been doing business in Indonesia for almost thirty years and we are very pleased
to be selected by Nusantara Regas for this critical national energy project."
October 12, 2010
Hamilton, Bermuda.
Questions should be directed to:
Golar Energy Management Ltd
Oscar Spieler: CEO - +65 6296 5518
Golar Management Ltd - +44 207 063 7900:
Graham Robjohns: Chief Financial Officer
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1451089]
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 Energy Limited via Thomson Reuters ONE
Datum: 12.10.2010 - 09:25 Uhr
Sprache: Deutsch
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