Kosmos Energy Announces First LNG Cargo at the Greater Tortue Ahmeyim Project in Mauritania and Senegal
April 17 2025 - 2:31AM
Business Wire
Kosmos Energy (NYSE/LSE: KOS) notes the announcement today from
bp plc (operator) that the first cargo of liquified natural gas
(LNG) has been safely loaded from the Greater Tortue Ahmeyim (GTA)
LNG project, offshore Mauritania & Senegal.
The first shipment of LNG was transferred to the “British
Sponsor” LNG carrier from Golar LNG’s floating liquefied natural
gas (FLNG) vessel located approximately 10 kilometers offshore,
where the natural gas was liquefied and stored. The first cargo was
fully loaded at approximately 174,000 cubic meters of LNG. A second
LNG carrier is currently waiting near the hub terminal in
preparation for the second cargo lifting.
The announcement of the first cargo shipment follows first gas
production in late 2024 and first LNG production in February. The
first cargo lifting is when Kosmos and its partners start to
recognize revenue and is another key milestone for the project. The
FLNG vessel has a nameplate capacity of 2.7 million tonnes per
annum.
Commenting on the first LNG cargo lifting at GTA, Chairman and
Chief Executive Officer Andrew G. Inglis said: “The first LNG cargo
is a significant milestone, enabling Mauritania and Senegal to
become gas exporting nations from this project of national
strategic importance. We continue to work with bp, SMH and PETROSEN
to safely ramp up the project to its full capacity as well as
deliver expansion that leverages the infrastructure put in place
for this initial phase.”
About Kosmos Energy
Kosmos Energy is a leading deepwater exploration and production
company focused on meeting the world’s growing demand for energy.
We have diversified oil and gas production from assets offshore
Ghana, Equatorial Guinea, Mauritania, Senegal and the Gulf of
America (formerly the U.S. Gulf of Mexico). Additionally, in the
proven basins where we operate we are advancing high-quality
development opportunities, which have come from our exploration
success. Kosmos is listed on the NYSE and LSE and is traded under
the ticker symbol KOS. As an ethical and transparent company,
Kosmos is committed to doing things the right way. The Company’s
Business Principles articulate our commitment to transparency,
ethics, human rights, safety and the environment. Read more about
this commitment in the Kosmos Sustainability Report. For additional
information, visit www.kosmosenergy.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All statements,
other than statements of historical facts, included in this press
release that address activities, events or developments that Kosmos
expects, believes or anticipates will or may occur in the future
are forward-looking statements. Kosmos’ estimates and
forward-looking statements are mainly based on its current
expectations and estimates of future events and trends, which
affect or may affect its businesses and operations. Although Kosmos
believes that these estimates and forward-looking statements are
based upon reasonable assumptions, they are subject to several
risks and uncertainties and are made in light of information
currently available to Kosmos. When used in this press release, the
words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will”
or other similar words are intended to identify forward-looking
statements. Such statements are subject to a number of assumptions,
risks and uncertainties, many of which are beyond the control of
Kosmos, which may cause actual results to differ materially from
those implied or expressed by the forward-looking statements.
Further information on such assumptions, risks and uncertainties is
available in Kosmos’ Securities and Exchange Commission (“SEC”)
filings. Kosmos undertakes no obligation and does not intend to
update or correct these forward-looking statements to reflect
events or circumstances occurring after the date of this press
release, except as required by applicable law. You are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date of this press release. All
forward-looking statements are qualified in their entirety by this
cautionary statement.
Management does not provide a reconciliation for forward looking
non GAAP financial measures where it is unable to provide a
meaningful or accurate calculation or estimation of reconciling
items and the information is not available without unreasonable
effort. This is due to the inherent difficulty of forecasting the
occurrence and the financial impact of various items that have not
yet occurred, are out of our control or cannot be reasonably
predicted. For the same reasons, management is unable to address
the probable significance of the unavailable information. Forward
looking non GAAP financial measures provided without the most
directly comparable GAAP financial measures may vary materially
from the corresponding GAAP financial measures.
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version on businesswire.com: https://www.businesswire.com/news/home/20250416419796/en/
Investor Relations Jamie Buckland +44 (0) 203 954 2831
jbuckland@kosmosenergy.com
Media Relations Thomas Golembeski +1-214-445-9674
tgolembeski@kosmosenergy.com
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