Golar LNG, Rosneft sign MOU for FLNG projects in Latin America

Golar LNG Ltd. and Rosneft Oil Co. have entered into a memorandum of understanding (MOU) that foresees cooperation between the companies in the area of floating liquefaction (FLNG) and transportation of natural gas.

Under this MOU, the companies will enter into discussions to develop opportunities for the use of Golar’s GoFLNG facilities in Latin America and potentially other locations. The parties are targeting the signing of two FLNG tolling agreements for projects within Rosneft’s portfolio.

This memorandum between Golar and Rosneft represents an opportunity for both companies to clearly align their objectives, combining Golar’s midstream LNG credentials (liquefaction, transportation, and regasification) and Rosneft’s upstream portfolio.

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