Cameroon: Gazprom to buy gas from Kribi FLNG

Société Nationale des Hydrocarbures (SNH) and Perenco have announced a final investment decision for an eight-year floating liquefied natural gas (LNG) project to sell gas to Russia’s Gazprom. On 27 November, Gazprom Marketing & Trading Singapore, Perenco Cameroon, Golar Hilli and Golar Cameroon signed agreements for the project, based on the allocation of 500bcf of natural gas reserves to be supplied by SNH and Perenco from the Sanaga Sud and Ebome fields. Golar will own and operate the Hilli vessel which is under conversion at the Keppel shipyard in Singapore. First LNG deliveries from the terminal are expected to start in H2 2017.