Cameroon: Golar and Perenco agree terms for floating LNG scheme


Issue 304 - 10 Jul 2015 | 1 minute read

Golar LNG has agreed commercial terms and conditions with Perenco and state oil company Société Nationale des Hydrocarbures (SNH) for a floating liquefied natural gas export project. The Bermuda-registered company announced on 24 December that it had signed a heads of agreement with SNH and Perenco. Golar said the tolling agreement which defines the material commercial terms and conditions for the project is now subject to finalisation with SNH, and government approval. The midstream gas convention setting out the regulatory and fiscal regime governing FLNG operations in Cameroon is being progressed in parallel with the tolling agreement and is also now subject to finalisation with the government.

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