Bermuda-based company Golar announced Tuesday its subsidiary, Gimi MS, received $700 million in financing for a floating liquified natural gas (Flng) project, Kallanish Energy understands.
Gimi MS, which is owned by Golar (70%) and asset management firm Keppel Capital (30%) in February signed a contract with UK supermajor BP to service the Greater Tortue Ahmeyim project.
The 20-year Lease and Operations Agreement (Loa) will begin in 2022. The project will produce gas from an ultra-deepwater subsea system and a mid-water floating production, storage and offloading (Fpso) vessel, located on the Mauritania and Senegal maritime border.
The Flng unit Gimi will liquefy gas in the first phase of the project. It is designed to produce 2.5 million tons of LNG per annum.
Singapore-based firm Clifford Capital, Dutch corporation ING Bank, French investor Natixis and Dutch bank ABN Amro acted as facility underwriters for the $700 million in financing.
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