In Cameroon, an eight-year agreement has been signed between Gazprom’s affiliated company, Gazprom Marketing & Trading Singapore Pte Ltd (GM&TS), Société Nationale des Hydrocarbures (SNH), Perenco Cameroon S.A. (PERCAM), Golar Hilli and Golar Cameroon (GOLAR) for the floating liquefied natural gas (FLNG) project, off the coast of Kribi.
According to Offshore Energy Today, the project is an allocation of 500 bcf of natural gas reserves which will be supplied from the Sanaga Sud and Ebome field by SNH and Perenco. Gazprom, however, is to be the only off-taker from the FLNG terminal.
Golar will be the operator of the FLNG Terminal through its Hilli FLNG vessel which is at present under conversion at the Keppel shipyard in Singapore. In fact, first deliveries from the terminal are expected to commence in Q2 of 2017.