Golar Cameroon FLNG Project Update: Tolling Term Sheet Signed and Executed by Perenco and SNH
October 16 2015 - 11:05AM
Hamilton, Bermuda: Golar LNG
Limited ("Golar") announces its' Cameroon FLNG project has today
received approval and signature of the binding Tolling Term Sheet
thereby confirming the commercial terms for the FLNG vessel Golar
Hilli.
Cameroon's state owned oil and gas
company Société Nationale des Hydrocarbures ("SNH"), Perenco
Cameroon ("Perenco"), and Golar are all parties to the executed
agreement. Operations are scheduled to begin in Q2, 2017.
Please see the Gas Convention
Press Release dated 30th September
2015 for further details of previously signed definitive agreements
and project economics.
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.
Hamilton, Bermuda
October 16, 2015
Enquiries:
Golar Management Limited: + 44 207
063 7900
Brian Tienzo
Stuart Buchanan
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Golar LNG via Globenewswire
HUG#1959422
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