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.



Whitepapers

OSHA 1910.269 Are You Regulation Ready?

Read this Q&A to learn about changes to federal regulations and how to select FR garments for...

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New ...

On the Radar: EMC Supplier Exchange

This report addresses key issues for managers of complex contracts in energy and engineering. Thi...

Learn the four stages to operational excellence

Managing an energy facility is complex and challenging.  At times, it may seem that improvin...

Webcasts

Transforming the petroleum supply chain with the Internet of Things

The equipment involved in producing, moving, refining and selling petroleum is expensive, and rugged, and comes from hundreds of manufacturers. Enhanced by the Internet of Thing...
( 06/16/2015 / 02:00 PM Eastern Daylight Time / 01:00 PM Central Daylight Time / 11:00 AM Pacific Daylight Time / 18:00 GMT )
Sponsored by

Connected Decision-Making: Improving Asset Operations Through Comprehensive Information Management

Energy asset operators are faced with a paradigm today: increase efficiency and reliability levels while fighting to extend the lifespan of these aging asset. To meet these oppo...
Sponsored by

Turnaround Bolting Optimization

Improving turnaround safety, quality and schedule with innovative bolting methods. Join our speakers as they address the following topics: Improving job-site safety with innov...
Sponsored by

Latest Energy Jobs

View more Job Listings >>