LNG purchase deal for Golar

Source: Golar LNG
Golar BC LNG deal

Golar LNG Limited ("Golar" or "the Company") today confirms that the BC LNG Export Co-Operative, LLC has finalized contract awards for both feed gas supply and LNG purchase and off-take for train #1 of the Douglas Channel LNG Project ("DC Project"). The contract award for LNG purchase and off-take was made jointly to Golar and LNG Partners, LLC (Houston, TX) ("LNG Partners") and the contract award for feed gas supply was made to LNG Partners.

The DC Project is being jointly developed by the Haisla Nation and Douglas Channel Gas Services Ltd and is expected to produce approximately 700,000 metric tonnes per annum of liquefied natural gas from the initial planned production facility beginning in the second quarter of 2015.

Golar's participation in the project and its commitment to the LNG off-take remains subject to the Company reaching agreement with the current proponents of the DC Project for financing of the facilities, and receipt of all permits required for the project to proceed on a firm basis.

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